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Sep 30, 2024
CNO Financial Group Q3 2024 Earnings Report
Reported strong third quarter production and record annuity collected premiums.
Key Takeaways
CNO Financial Group reported a mixed Q3 2024 with net income decreasing significantly due to non-economic accounting impacts, while net operating income increased driven by agent force growth and strength in underwriting margins and net investment income. The company raised full-year guidance for earnings and cash flow and returned $106.8 million to shareholders.
Annuity collected premiums increased by 25% and policyholder and client assets were up 12%.
Medicare Supplement new annualized premiums increased by 15% and Medicare Advantage sales increased by 26%.
Producing agent counts in the Consumer Division and Worksite Division increased by 5% and 17%, respectively.
The company is raising full-year guidance for earnings and cash flow.
CNO Financial Group
CNO Financial Group
CNO Financial Group Revenue by Segment
Revenue by Segment
Insurance Policy Income Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comFee and Other Income Revenue
CapyFin.com Forward Guidance
CNO Financial Group raised its full-year guidance for earnings and cash flow, indicating a positive outlook for the remainder of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income