earnings
confidence high
sentiment positive
materiality 0.80
CNO Financial Q4 net income $166.1M ($1.58 EPS); operating EPS up 41% YoY ex items
CNO Financial Group, Inc.
2024-FY EPS reported
$3.74
revenue$4,449,500,000
- Net income $166.1M ($1.58 diluted EPS) vs $36.3M ($0.32) in 4Q23; FY net income $404.0M ($3.74).
- Operating EPS ex significant items up 41% in Q4, 40% for FY; total NAP up 13% (Worksite +23%, Consumer +11%).
- Record annuity collected premiums up 12% in Q4, 13% for FY; returned $108M to shareholders in Q4, $349M FY (up 50% YoY).
- Book value per diluted share ex-AOCI $37.19 (up 10% YoY); operating ROE 11.9% vs 9.8% in 2023.
- Holding company cash $372.5M; issued $700M 6.450% senior notes due 2034 in May 2024; debt-to-cap ratio 42.3%.