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Dec 31, 2023
CNO Financial Group Q4 2023 Earnings Report
CNO Financial Group reported strong fourth quarter earnings, sustained full-year sales momentum and agent force growth.
Key Takeaways
CNO Financial Group reported a net income of $36.3 million for Q4 2023, with net operating income reaching $133.9 million. The company saw growth in sales momentum and agent counts, driven by its diverse distribution channels. CNO's capital position remained strong, supported by a new Bermuda reinsurance structure, and the company returned over $230 million to shareholders during the year.
Net income for 4Q23 was $36.3 million, or $0.32 per diluted share.
Net operating income for 4Q23 was $133.9 million, or $1.18 per diluted share.
Total Health insurance NAP up 5%; total Life insurance NAP up 8%.
Returned $96.7 million to shareholders.
Forward Guidance
CNO enters 2024 with considerable sales momentum and a growing agent force amid favorable macro trends. The company continues to prioritize strong capital management and profitable growth, which are the cornerstone of its commitment to deliver enduring value to its customers, associates, agents and shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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