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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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