CNO Financial Group(US:CNO)2022-05-05 04:57Financial Performance - Net operating income decreased from $752 million in 1Q21 to $511 million in 1Q22[15] - Total insurance product margin decreased by $20 million, a 10% decrease [17] - Annuity margin decreased by $13 million, a 23% decrease [17] - Life margin decreased by $7 million, a 27% decrease [17] Sales and Premiums - Total Life sales increased by 3%, with Direct-to-Consumer (D2C) Life sales up by 16%[10] - Annuity collected premiums increased by 13%[10] - Supplemental Health New Annualized Premium (NAP) increased by 8%, and Long-Term Care increased by 6%[10] - Life and Health insurance sales in the Worksite Division increased by 8%[12] Assets and Capital - Client assets in Brokerage and Advisory increased by 16% year-over-year, reaching $28351 billion[9, 39] - Share repurchases amounted to $100 million in 1Q22[14] - Dividends paid totaled $16 million in 1Q22[14] - The company targets a consolidated Risk-Based Capital (RBC) ratio of approximately 375%[27]