Workflow
Life and health insurance
icon
Search documents
Best Momentum Stock to Buy for October 3rd
ZACKS· 2025-10-03 15:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 3rd:Gold Fields Limited (GFI) : This company which is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.Gold Fields Limited's shares gained 76.1% over the last three month compared with the S&P 5 ...
CNO Financial Group Declares $0.17 Quarterly Dividend
Prnewswire· 2025-08-06 20:15
Group 1 - CNO Financial Group, Inc. declared a quarterly cash dividend of $0.17 per share on common shares [1] - The dividend is payable on September 24, 2025, to shareholders of record as of September 10, 2025 [1] Group 2 - CNO Financial Group provides life and health insurance, annuities, financial services, and workforce benefits solutions [2] - The company serves middle-income America with 3.2 million policies and total assets of $37.3 billion [2] - CNO has a workforce of 3,400 associates, 4,900 exclusive agents, and over 6,000 independent partner agents [2]
CNO Financial Group Reports Second Quarter 2025 Results
Prnewswire· 2025-07-28 20:15
Core Viewpoint - CNO Financial Group reported a decrease in net income for the second quarter of 2025, with net income at $91.8 million or $0.91 per diluted share, down from $116.3 million or $1.06 per diluted share in the same quarter of 2024, primarily due to non-economic accounting impacts from market volatility [1][6][29] Financial Performance - Net operating income for 2Q25 was $87.5 million, or $0.87 per diluted share, compared to $114.6 million, or $1.05 per diluted share in 2Q24, reflecting a 24% decrease [1][3][29] - Total revenues for 2Q25 were $1,151.5 million, up from $1,066.2 million in 2Q24, indicating a year-over-year increase [29] - The company returned $116.7 million to shareholders during the quarter [5] Key Metrics - Book value per share was $25.92, an increase from $24.75 at the end of 2024, while book value per diluted share, excluding accumulated other comprehensive loss, was $38.05, up from $37.35 [20] - Return on equity (ROE) for the trailing four quarters was 11.9%, down from 19.9% in the previous year [22] - Operating ROE for the same period was 11.8%, compared to 11.2% in the prior year [22] Business Growth - Total new annualized premiums (NAP) increased by 17%, with life NAP up 22% and health NAP up 11% [5] - Annuity collected premiums rose by 19%, and client assets in brokerage and advisory increased by 27% [5] Investment Portfolio - As of June 30, 2025, the fair value of CNO's available-for-sale fixed maturity portfolio was $23,047 million, with net unrealized losses of $2,339.8 million [17] - The consolidated statutory risk-based capital ratio of U.S.-based insurance subsidiaries was estimated at 378% [18] Shareholder Actions - During 2Q25, the company repurchased $100 million of common stock, with an average cost of $38.09 per share [19] - Dividends paid on common stock totaled $16.7 million during the quarter [19]
Atlantic American Corporation Reports First Quarter Results for 2025
Globenewswire· 2025-05-13 17:31
Core Insights - Atlantic American Corporation reported a net income of $0.8 million, or $0.03 per diluted share, for Q1 2025, a significant improvement from a net loss of ($2.0) million, or ($0.10) per diluted share, in Q1 2024 [1][10] - The increase in net income was primarily driven by a $2.4 million, or 5.3%, rise in premium revenue, totaling $46.9 million compared to $44.6 million in the same period last year [1][9] - Operating income for Q1 2025 was $0.3 million, a turnaround from an operating loss of ($2.4) million in Q1 2024, attributed to the same factors of increased premium revenue and favorable loss experience [2][9] Financial Performance - Total revenue for Q1 2025 was $50.1 million, up from $47.0 million in Q1 2024 [9] - Insurance premiums from life and health segments increased to $28.6 million from $26.7 million, while property and casualty premiums rose to $18.3 million from $17.9 million [9] - Total benefits and expenses decreased slightly to $49.1 million from $49.5 million year-over-year [9] Management Commentary - The CEO expressed satisfaction with the quarterly results, highlighting improved profitability and growth in insurance premiums, particularly in life and health segments [3] - The company anticipates that recent rate adjustments in property and casualty operations will positively impact future results [3] - Management remains optimistic about long-term growth opportunities for the company [3] Balance Sheet Highlights - As of March 31, 2025, total cash and investments stood at $268.4 million, a slight increase from $265.7 million at the end of 2024 [10] - Total assets decreased to $388.4 million from $393.4 million [10] - Total shareholders' equity increased to $102.4 million from $99.6 million, with a book value per common share rising to $4.80 from $4.61 [10]
CNO Financial Group Announces Voting Results from 2025 Annual Meeting of Shareholders
Prnewswire· 2025-05-08 20:15
Group 1 - CNO Financial Group, Inc. provides life and health insurance, annuities, financial services, and workforce benefits solutions, focusing on middle-income America [1] - The company manages 3.2 million policies and has total assets amounting to $37.4 billion [1] - CNO employs 3,400 associates, 4,800 exclusive agents, and over 5,500 independent partner agents to assist customers with financial decisions [1] Group 2 - At the annual meeting, nine directors were elected to serve a one-year term [2] - The executive compensation for named executive officers was approved by a non-binding advisory vote [2] - PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2025 [2] - The company approved an Amended and Restated Certificate of Incorporation to include a Replacement NOL Protective Amendment [2] - An Amended and Restated Long-Term Incentive Plan was approved [2] - An Amended and Restated Employee Stock Purchase Plan was also approved [2]
Globe Life (GL) Misses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 22:41
Core Viewpoint - Globe Life reported quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.24 per share, but showing an increase from $2.78 per share a year ago, indicating a -5.25% earnings surprise [1][2] Financial Performance - The company posted revenues of $1.48 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.52%, compared to $1.4 billion in revenues a year ago [2] - Over the last four quarters, Globe Life has surpassed consensus EPS estimates three times, but has not beaten consensus revenue estimates [2] Stock Performance - Globe Life shares have increased approximately 11.2% since the beginning of the year, contrasting with the S&P 500's decline of -5.5% [3] - The current consensus EPS estimate for the upcoming quarter is $3.39 on revenues of $1.51 billion, and for the current fiscal year, it is $13.67 on revenues of $6.06 billion [7] Industry Outlook - The Insurance - Accident and Health industry is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]
CNO Financial Group Reports First Quarter 2025 Results
Prnewswire· 2025-04-28 20:15
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]