secwatch.observer — SEC 8-K summary
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Issuer:     CNO Financial Group, Inc. (CNO)
CIK:        0001224608
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001224608-25-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNO Q1 GAAP net income drops to $0.13/shr; operating EPS up 52%, guidance reaffirmed
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- GAAP net income $13.7M ($0.13/diluted share) vs $112.3M ($1.01) in 1Q24, driven by non-economic market volatility impacts.
- Net operating income (non-GAAP) $81.1M ($0.79/share) up 41% from $57.5M ($0.52) in 1Q24; excludes $79.7M fair value loss on derivatives and MRB.
- Annuity collected premiums +12%; Health NAP +9%; Worksite NAP +11%; Producing agent count +8%.
- Returned $116.8M to shareholders: $99.9M buyback (2.5M shares at avg $40.24) and $16.9M dividends.
- Book value per diluted share ex AOCI $37.03 (+6% YoY); Debt-to-capital 42.0%; Statutory RBC 379%; Holding company cash $250.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224608/000122460825000026/0001224608-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224608/000122460825000026/cno-20250428.htm
  HTML page:      https://secwatch.observer/filing/0001224608-25-000026

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