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Jun 30, 2024
CNO Financial Group Q2 2024 Earnings Report
CNO Financial Group reported excellent earnings and operating performance, driven by sales momentum, a growing agent force, and strong underwriting margins and net investment income.
Key Takeaways
CNO Financial Group reported a significant increase in net income and operating earnings per share for Q2 2024, driven by sales growth and strong underwriting performance. The company also increased book value per share and returned capital to shareholders, leading to raised full-year guidance on earnings and cash flow.
Net income increased by 66% compared to Q2 2023.
Operating earnings per share increased by 94% compared to Q2 2023.
Total new annualized premiums were up 4%.
The company returned $77.2 million to shareholders.
CNO Financial Group
CNO Financial Group
Forward Guidance
CNO Financial Group raised its full-year guidance on earnings and cash flow, reflecting consistent sales momentum and favorable macro trends. The company believes it is well-positioned to deliver sustainable profitable growth and long-term shareholder value.
Positive Outlook
- Consistent sales momentum
- Favorable macro trends
- Strong capital position
- Increased book value per share
- Effective capital return to shareholders