CNO Financial Group Inc (N:CNO)
Business Focus: Life & Health Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 11299 NORTH ILLINOIS STREET, SUITE 200 CARMEL IN 46032 |
| Tel: | 1-317-8172893 |
| Website: | https://www.cnoinc.com |
| IR: | See website |
| Key People | ||
| Gary C. Bhojwani Chief Executive Officer, Director | Rocco F. Tarasi Chief Marketing Officer | Paul H. Mcdonough Chief Financial Officer |
| Karen J. Detoro President - Worksite Division | Scott L. Goldberg President - Consumer Division | Jeanne L. Linnenbringer Chief Operations Officer |
| Yvonne K. Franzese Chief Human Resource Officer | Michellen A. Wildin Chief Accounting Officer | Eric R. Johnson Chief Investment Officer; President, Chief Executive Officer - 40|86 Advisors | Michael E. Mead Chief Information Officer |
| Business Overview |
| CNO Financial Group, Inc. is a holding company for a group of insurance companies. The Company develops, markets and administers health insurance, annuity, individual life insurance and other insurance and financial services products. It is focused on serving middle-income pre-retiree and retired Americans. The Company primarily market its insurance products under its three primary brands: Bankers Life, Washington National and Colonial Penn. It markets its products through the Consumer and Worksite Divisions that reflect the customers served by the Company. The Consumer Division serves individual consumers, engaging with them on the phone, virtually, online, face-to-face with agents, or through a combination of sales channels. The Worksite Division focuses on the sale of voluntary benefit life and health insurance products in the workplace for businesses, associations, and other membership groups, interacting with customers at their place of employment and virtually. |
| Financial Overview |
| For the three months ended 31 March 2024, CNO Financial Group Inc revenues increased 14% to $1.17B. Net income totaled $112.3M vs. loss of $800K. Revenues reflect Unallocated segment increase of 95% to $282.8M, Annuity segment increase of 9% to $141.8M. Net Income reflects FV Adjustments of Financial Investments increase from $14.8M (expense) to $13.7M (income). |
| Employees: | 3,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,316M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,362M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,268M as of Mar 31, 2024 |
| Net annual income (TTM): | $389.60M as of Mar 31, 2024 |
| Free cash flow (TTM): | $527.30M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,246M as of Mar 31, 2024 |
| Shares outstanding: | 108,259,664 as of Apr 23, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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