CNO Financial Group ( (CNO) ) has released its Q4 earnings. Here is a breakdown of the information CNO Financial Group presented to its investors.
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CNO Financial Group, Inc. is a company that offers life and health insurance, annuities, and financial services primarily to middle-income Americans. It operates through a family of brands including Bankers Life, Colonial Penn, and Washington National.
CNO Financial Group has reported strong earnings for the fourth quarter and full year of 2024, with significant growth in both net income and net operating income. The company has experienced 10 consecutive quarters of sales growth, positioning itself for sustainable growth heading into 2025.
Key financial highlights for 2024 include a 7% increase in total new annualized premiums, with the Worksite Division seeing a 16% rise and the Consumer Division 5%. Annuity collected premiums grew by 13%, while client assets in brokerage and advisory increased by 28%. Additionally, CNO returned $349.3 million to shareholders, a 50% increase from the previous year.
The company achieved a return on equity of 16.4% and an operating return on equity of 11.9%, signaling strong profitability and capital discipline. With continued improvement in underwriting margins and net investment income, CNO Financial Group is well-positioned to capitalize on favorable macroeconomic conditions.
Looking forward, CNO Financial Group plans to maintain its focus on profitable growth and long-term return on equity expansion, leveraging its robust capital position and free cash flow generation to drive future success.
