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Mar 31, 2024
CNO Financial Group Q1 2024 Earnings Report
CNO Financial Group reported strong sales and distribution force growth with total new annualized premiums up 8% and solid first quarter earnings.
Key Takeaways
CNO Financial Group reported a net income of $112.3 million for Q1 2024, a significant increase compared to the net loss in Q1 2023. The company's operating earnings benefited from growth in insurance product margins, reflecting recent sales momentum and expansion of the portfolio yield.
Consumer Division new annualized premiums up 7% and producing agent count up 8%.
Worksite Division NAP up 19% and producing agent count up 28%.
Medicare Supplement NAP up 24%, Medicare Advantage policies sold up 38%.
Returned $57.3 million to shareholders.
CNO Financial Group
CNO Financial Group
Forward Guidance
Full year guidance remains unchanged