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CNO Financial Group to Host Virtual Investor Briefing on Tuesday, June 10
Prnewswire· 2025-05-19 21:25
Group 1 - CNO Financial Group will host a virtual investor briefing on its Investments function on June 10, 2025, from 9:00 a.m. to approximately 10:00 a.m. Eastern Time [1] - The event aims to provide an in-depth look at the company's investment approach and portfolio performance, concluding with a Q&A session featuring key executives [2] - Participants can register for the event through the company's website and are advised to do so at least 15 minutes before the start [3] Group 2 - CNO Financial Group secures 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 $37.4 billion [5] - CNO employs 3,400 associates, 4,800 exclusive agents, and 5,500 independent partner agents to assist customers with financial decisions [5]
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]
Kemper (KMPR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-08 02:00
For the quarter ended March 2025, Kemper (KMPR) reported revenue of $1.19 billion, up 5% over the same period last year. EPS came in at $1.65, compared to $1.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.23 billion, representing a surprise of -3.56%. The company delivered an EPS surprise of +11.49%, with the consensus EPS estimate being $1.48.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...
CNO Financial Group Announces Increase of Quarterly Dividend to $0.17
Prnewswire· 2025-05-02 20:15
Core Viewpoint - CNO Financial Group, Inc. has announced a $0.01 increase in its quarterly dividend, marking the thirteenth consecutive annual increase, reflecting the company's commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.17 per share on the company's common shares [1]. - The dividend will be payable on June 24, 2025, to shareholders of record at the close of business on June 10, 2025 [1]. Group 2: Company Overview - CNO Financial Group, Inc. focuses on securing the future of middle-income America by providing life and health insurance, annuities, financial services, and workforce benefits solutions [2]. - The company operates through various brands, including Bankers Life, Colonial Penn, Optavise, and Washington National [2]. - CNO manages 3.2 million policies and has total assets amounting to $37.4 billion [2]. - The company employs 3,400 associates, 4,800 exclusive agents, and over 5,500 independent partner agents to assist customers with financial decisions [2].
Globe Life (GL) Misses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 22:41
Globe Life (GL) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $2.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.25%. A quarter ago, it was expected that this life and health insurance company would post earnings of $3.10 per share when it actually produced earnings of $3.14, delivering a surprise of 1.29%.Over the last four quar ...
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]