Core Insights - CNO Financial reported a revenue of $1.01 billion for Q1 2025, reflecting a year-over-year decline of 12.6% while EPS increased to $0.79 from $0.52 a year ago, exceeding the Zacks Consensus Estimate of $961.36 million by 5.15% [1] Group 1: Financial Performance - The reported insurance policy income was $650.70 million, slightly below the average estimate of $651.36 million, marking a year-over-year increase of 3.6% [4] - The Insurance Product Margin for Annuity was reported at $54.50 million, lower than the estimated $60.39 million [4] - The Insurance Product Margin for Life was $68.20 million, surpassing the average estimate of $52.37 million [4] - The Insurance Product Margin for Health was $126.20 million, slightly below the average estimate of $127.96 million [4] Group 2: Stock Performance - CNO shares have returned -4.6% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1: Earnings Performance - CNO Financial reported quarterly earnings of $0.79 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.52 per share a year ago [1] - The company had a surprise in the previous quarter, posting earnings of $1.31 per share against an expected $1.07, resulting in a surprise of 22.43% [1] - Over the last four quarters, CNO has exceeded consensus EPS estimates three times [1] Group 2: Revenue Performance - CNO posted revenues of $1.01 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.15%, but down from $1.16 billion year-over-year [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Group 3: Stock Performance and Outlook - CNO shares have increased by approximately 6.4% since the beginning of the year, contrasting with the S&P 500's decline of -6.1% [3] - The future stock price movement will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $942.33 million, and for the current fiscal year, it is $3.82 on revenues of $3.88 billion [7] Group 4: Industry Context - The Zacks Industry Rank for Insurance - Multi line is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]

Financial Performance - Total revenues for Q1 2025 were $1,004.1 million, a decrease of 13.1% compared to $1,156.5 million in Q1 2024[7] - Net income for Q1 2025 was $13.7 million, significantly lower than $112.3 million in Q1 2024, reflecting a decline of 87.8%[7] - The company reported a total investment income of $375.1 million for Q1 2025, compared to $301.9 million in Q1 2024, marking an increase of 24.2%[7] - Net operating income for 2024 YTD was $429.3 million, with Q4 2024 at $138.0 million[11] - Net income for 2024 YTD reached $404.0 million, with Q4 2024 reporting $166.1 million[9] - Net income for Q4 2024 reached $141.4 million, contributing to a total net income of $176.6 million for the year 2024[28] Assets and Liabilities - Total assets as of March 2025 were $37,436.3 million, a slight decrease from $37,852.6 million in December 2024[5] - Total liabilities decreased to $34,905.8 million in March 2025 from $35,354.2 million in December 2024, a reduction of 1.3%[5] - Policyholder account balances reached $17,346.0 million in March 2025, compared to $17,615.8 million in December 2024, indicating a decline of 1.5%[5] - Future policy benefits liability was reported at $11,773.0 million in March 2025, slightly up from $11,705.5 million in December 2024[5] Insurance Product Performance - Insurance policy income increased to $650.7 million in Q1 2025, up from $628.4 million in Q1 2024, representing a growth of 3.7%[7] - Total insurance product margin for 2024 YTD reached $1,040.0 million, with a quarterly margin of $253.1 million in Q4 2024[9] - Annuity margin for 2024 YTD was $274.2 million, with Q4 2024 showing a margin of $55.0 million[11] - Health margin for 2024 YTD totaled $516.8 million, with Q4 2024 at $130.1 million[11] - Life margin for 2024 YTD was $249.0 million, with Q4 2024 reporting $68.0 million[11] Premiums and Collections - Total collected premiums for 2024 reached $4,378.7 million, with Q4 alone contributing $1,152.5 million, reflecting a steady growth trend[19] - Annuity products collected premiums totaled $1,790.6 million YTD, with fixed indexed annuities showing a quarterly increase from $345.5 million in Q1 to $409.9 million in Q4[19] - Health products collected premiums amounted to $1,627.6 million YTD, with supplemental health premiums remaining stable around $181.4 million to $183.2 million across the quarters[19] - Life products collected premiums totaled $960.5 million YTD, with traditional life premiums consistently around $176.8 million to $181.1 million throughout the quarters[19] Investment Income - Net investment income for Q1 2024 was $469.2 million, with a total of $1,748.8 million year-to-date[31] - Total investment income allocated to health products was $75.1 million in Q1 2025, consistent with Q4 2024[41] - Total investment income allocated to life products was $37.6 million in Q1 2025, compared to $36.5 million in Q1 2024[41] - Investment income not allocated to product lines was $38.0 million in Q1 2025, down from $65.3 million in Q4 2024[41] Future Outlook - The company anticipates continued focus on expanding its insurance product offerings and enhancing customer engagement strategies in the upcoming quarters[6] - The company is focusing on expanding its market presence and enhancing product offerings to drive future growth[20] - The company expects continued growth in annuity issuances, projecting a strong performance in the upcoming quarters[25]

Core Insights - CNO Financial Group reported a net income of $13.7 million, or $0.13 per diluted share, for Q1 2025, a significant decrease from $112.3 million, or $1.01 per diluted share, in Q1 2024. The decline was attributed to non-economic accounting impacts from market volatility [1][6] - The company's net operating income for Q1 2025 was $81.1 million, or $0.79 per diluted share, representing a 41% increase from $57.5 million, or $0.52 per diluted share, in Q1 2024. Significant items positively impacted both net income and net operating income by $5.3 million, or $0.05 per diluted share, in Q1 2025 [1][5][12] Financial Summary - Total revenues for Q1 2025 were $1,004.1 million, down from $1,156.5 million in Q1 2024. Insurance policy income increased to $650.7 million from $628.4 million, while net investment income from general account assets rose to $375.1 million from $301.9 million [28][29] - The company returned $116.8 million to shareholders, with a book value per share of $25.33, up 6% from the previous year. The return on equity (ROE) was reported at 12.1%, with an operating ROE of 12.6% [5][19][21] Operational Highlights - CNO's annuity collected premiums increased by 12%, and client assets in brokerage and advisory services rose by 16%. The Consumer Division's new annualized premiums (NAP) grew by 9%, with Medicare Supplement NAP up 24% [5] - The Worksite Division's NAP increased by 11%, and the producing agent count rose by 8%, indicating strong operational performance across key business segments [5] Investment Portfolio - As of March 31, 2025, CNO's fixed maturity portfolio had a fair value of $23.3 billion, with net unrealized losses of $2.3 billion. The allowance for credit losses was $38.9 million [15][18] - The consolidated statutory risk-based capital ratio for U.S.-based insurance subsidiaries was estimated at 379% as of March 31, 2025, reflecting strong capital management [16] Shareholder Information - The company repurchased $99.9 million of common stock during Q1 2025, with an average cost of $40.24 per share. As of March 31, 2025, CNO had 99.9 million shares outstanding and authority to repurchase an additional $640.4 million of common stock [17][19]

Core Viewpoint - CNO Financial is expected to report a significant increase in quarterly earnings per share, while revenues are projected to decline year-over-year [1]. Earnings Estimates - Analysts predict CNO will post quarterly earnings of $0.79 per share, reflecting a 51.9% increase compared to the same period last year [1]. - The consensus EPS estimate has been revised downward by 0.4% over the past 30 days, indicating a collective reassessment by analysts [2]. Revenue Projections - Revenues for CNO are forecasted to be $961.36 million, representing a year-over-year decrease of 16.9% [1]. Key Metrics Insights - 'Insurance policy income' is projected to reach $651.36 million, indicating a 3.7% increase from the prior-year quarter [5]. - The average estimate for 'Insurance Product Margin- Annuity' is $60.39 million, up from $52 million reported in the same quarter last year [5]. - The consensus estimate for 'Insurance Product Margin- Life' stands at $52.37 million, down from the year-ago figure of $54.60 million [5]. - Analysts estimate 'Insurance Product Margin- Health' will reach $127.96 million, compared to $123 million from the previous year [6]. Stock Performance - CNO shares have experienced a decline of 8.6% in the past month, contrasting with a 6.6% decline in the Zacks S&P 500 composite [6]. - CNO holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6].

Group 1 - CNO Financial Group, Inc. will report its first quarter 2025 results after market close on April 28, 2025 [1] - A conference call to discuss the results is scheduled for April 29, 2025, at 11:00 a.m. Eastern Time [1] - Participants can join the call via dial-in or webcast, with registration required for both methods [2][3] Group 2 - CNO Financial Group focuses on securing the future of middle-income America by providing life and health insurance, annuities, financial services, and workforce benefits solutions [5] - The company manages 3.2 million policies and has total assets amounting to $38 billion [5] - CNO employs 3,500 associates, 4,900 exclusive agents, and over 5,500 independent partner agents to assist customers with financial decisions [5]

Core Insights - CNO Financial Group, Inc. is a group of insurance companies focused on health insurance, annuities, individual life insurance, and other financial services targeting middle-income pre-retiree and retired Americans [1] Group 1 - The company operates under three primary brands, emphasizing its commitment to serving a specific demographic [1] - CNO Financial Group aims to identify investment opportunities in small cap companies with strong fundamentals, large cap companies facing temporary setbacks, and stable companies with solid dividend yields and growth potential [1]

Group 1 - CNO Financial is a member of the Finance sector, which includes 867 individual stocks and currently holds a Zacks Sector Rank of 1 [2] - CNO Financial has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] - The Zacks Consensus Estimate for CNO's full-year earnings has increased by 2%, reflecting stronger analyst sentiment and an improving earnings outlook [4] Group 2 - CNO Financial has returned 13.8% year-to-date, outperforming the Finance sector's average return of 3.8% [4] - CNO Financial belongs to the Insurance - Multi line industry, which includes 41 companies and is currently ranked 61 in the Zacks Industry Rank, with an average gain of 7.6% year-to-date [6] - CME Group, another Finance stock, has returned 13.1% year-to-date and has a Zacks Rank of 2 (Buy) [5]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: CNO Financial - CNO Financial has a Momentum Style Score of B, indicating strong potential for momentum investing [2] - The company currently holds a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] Performance Metrics - CNO's shares have increased by 4.78% over the past week, outperforming the Zacks Insurance - Multi line industry, which rose by 3.17% [5] - Over the past quarter, CNO's shares have risen by 8.22%, and they have gained 56.2% over the last year, while the S&P 500 has seen movements of -2.97% and 15.34%, respectively [6] - The average 20-day trading volume for CNO is 637,914 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for CNO have been revised upwards, with the consensus estimate increasing from $3.76 to $3.83 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the positive performance metrics and earnings outlook, CNO Financial is positioned as a strong momentum pick with a 2 (Buy) rating and a Momentum Score of B [11]

Core Points - CNO Financial Group recognized associate Paul Richard as Volunteer of the Year for his extensive volunteer work with the Alzheimer's Association Greater Indiana Chapter [2][4] - CNO made a $10,000 donation to the Alzheimer's Association in honor of Richard's recognition [2] - The Invested in Giving Back program awarded a total of $180,000 to 12 nonprofit organizations in 2025, reflecting CNO's commitment to community support [5][6] CNO Financial Group Overview - CNO Financial Group, Inc. provides life and health insurance, annuities, financial services, and workforce benefits solutions, securing the future of middle-income America [7] - The company manages 3.2 million policies and has total assets of $37.9 billion [7] - CNO employs 3,500 associates and works with 4,900 exclusive agents and over 5,500 independent partner agents [7]