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Dec 31, 2024
CNO Financial Group Q4 2024 Earnings Report
CNO Financial Group reported strong fourth quarter and full year 2024 results, driven by exceptional earnings and sales, positioning the company for sustainable growth and ROE expansion in 2025.
Key Takeaways
CNO Financial Group delivered an exceptional fourth quarter and full-year financial performance, with net income significantly increasing to $166.1 million in Q4 2024 from $36.3 million in Q4 2023. Net operating income also saw a modest increase. The company achieved production records across both divisions and returned $108.0 million to shareholders in Q4.
Net income in Q4 2024 was $166.1 million, or $1.58 per diluted share, a significant increase from $36.3 million, or $0.32 per diluted share, in Q4 2023.
Net operating income in Q4 2024 was $138.0 million, or $1.31 per diluted share, compared to $133.9 million, or $1.18 per diluted share, in Q4 2023.
Total new annualized premiums (NAP) increased by 13% in Q4 2024, with Worksite Division NAP up 23% and Consumer Division NAP up 11%.
Book value per diluted share, excluding accumulated other comprehensive loss, was $37.19, up 10% from December 31, 2023.
Forward Guidance
CNO is well-positioned to continue profitable growth, capitalize on the favorable macro and demographic environment, and drive long-term ROE expansion in 2025.
Positive Outlook
- Well-positioned for sustainable growth.
- Ability to capitalize on favorable macro environment.
- Ability to capitalize on favorable demographic environment.
- Expected long-term ROE expansion.
- Continued strong financial performance.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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