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CNO — CNO Financial News Story

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FinancialsConservativeLarge CapNeutral

CNO Financial Q1 operating EPS rises 33% on sales growth

Overview

US life and health insurer's Q1 operating EPS rose 33% yr/yr, driven by sales momentum

Net income for Q1 increased to $38 mln from $21.5 mln a year ago

Company repurchased $60 mln of common stock in Q1

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

SALES MOMENTUM - Co said continued sales momentum drove operating earnings growth, with new annualized premiums up 11% and Medicare policies sold up 24%

INSURANCE PRODUCT MARGIN - Co attributed earnings growth to strong performance across insurance product margin

AGENT COUNT GROWTH - Co said producing agent counts in Consumer and Worksite segments grew for 13 and 15 consecutive quarters, respectively

Company press release: ID:nPn528j8za

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$0.39
Q1 Net Income$38 mln
Q1 ROE9.50%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the life & health insurance peer group is "buy." Wall Street's median 12-month price target for CNO Financial Group Inc is $45.00, about 0.8% above its April 29 closing price of $44.66 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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