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CNO Financial (CNO)
NYSE:CNO
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.06Last Year’s EPS
$1.18Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 8.38%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call was predominantly positive, highlighting strong growth in operating earnings, record annuity premiums, and continued expansion in the producing agent count. Despite some challenges in the D2C marketing and pressure on fixed indexed annuity margins, the company raised its full-year guidance, reflecting confidence in its ongoing performance.Company Guidance
During the CNO Financial Group's Third Quarter 2024 Earnings Call, the company reported a strong performance across various metrics, showcasing its stable financial health and strategic growth initiatives. Operating earnings per diluted share reached $1.11, marking a 26% increase, with total new annualized premiums rising by 1% and 7% when excluding direct-to-consumer channels. The company's book value per diluted share, excluding AOCI, increased by 6% to $35.84. CNO's Medicare Supplement NAP grew by 15%, while Medicare Advantage policies saw a 26% uptick. Annuity collected premiums hit a record with a 25% rise, and brokerage and advisory client assets surged by 35% to $3.9 billion. The company also maintained a robust capital position, with a consolidated risk-based capital ratio of 388% and available Holdco liquidity of $453 million, leading to an upward revision of the full-year guidance for operating earnings per share to between $3.50 and $3.60.Strong Operating Earnings Growth
Operating earnings per diluted share were $1.11, up 26% from the previous year.
Record Annuity Premiums
Annuity collected premiums posted record results, up 25% for the quarter.
Growth in Producing Agent Count
Producing agent count was up 5%, marking the seventh consecutive quarter of growth.
Strong Investment Income
Total investment income was up 7% for both the quarter and year-to-date.
Raising Full-Year Guidance
Guidance for operating earnings per share is raised to between $3.50 and $3.60, a midpoint increase of 11%.
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CNO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $34.26 | $35.77 | +4.41% |
| Jul 29, 2024 | $30.72 | $34.01 | +10.71% |
| Apr 29, 2024 | $26.49 | $25.94 | -2.08% |
| Feb 06, 2024 | $26.16 | $26.90 | +2.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CNO Financial (CNO) report earnings?
CNO Financial (CNO) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is CNO Financial (CNO) earnings time?
CNO Financial (CNO) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNO EPS forecast?
CNO EPS forecast for the fiscal quarter 2024 (Q4) is $1.06.
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