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CNO Financial (CNO)
NYSE:CNO
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.8Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -0.57%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
CNO Financial Group reported strong overall financial performance with record sales growth and substantial returns to shareholders. Despite a slight downturn in life production and some uncertainties in alternative investments, the company remains optimistic about its future growth prospects, especially with planned technological advancements.Company Guidance
During the CNO Financial Group's Fourth Quarter 2024 earnings call, substantial guidance was provided for the fiscal year 2025. Key metrics included an operating earnings per share projection of $3.70 to $3.90, reflecting a continued focus on growth and profitability. The company aims to improve its operating return on equity by 50 basis points in 2025, targeting a 10.5% ROE, with a broader goal of achieving a 150 basis point improvement over three years. CNO also plans to invest approximately $170 million over three years in technology modernization, which is expected to enhance operational efficiency and support long-term growth. The excess cash flow to the holding company is projected to be between $200 million and $250 million, underscoring a strong capital position. Additionally, CNO plans to maintain a consolidated risk-based capital ratio of 375% and a target leverage between 25% and 28%. The company remains focused on expanding its geographic footprint and exploring further opportunities with its Bermuda platform.Record Sales and Growth
CNO Financial Group delivered its tenth consecutive quarter of sales growth and achieved a record year in sales for both the Consumer and Worksite divisions. Total new annualized premium was up 7%, with notable records in multiple product lines.
Strong Financial Performance
Operating earnings per diluted share increased by 28%, and by 40% excluding significant items. The company returned $349 million to shareholders, a 50% increase over 2023, and raised its quarterly common stock dividend for the 12th consecutive year.
Investment Income and Capital Strength
CNO reported strong underwriting margins and favorable net investment income. Capital levels were well above target, with a risk-based capital ratio of 383% and generated $284 million in excess cash flow to the holding company for the year.
Technology and Efficiency Enhancements
Significant technology investments are planned to modernize systems, aiming to enhance sales growth and operational efficiency. A 3-year project costing approximately $170 million will focus on transitioning to cloud-based platforms.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $40.02 | $41.08 | +2.65% |
| 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% |
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 May 05, 2025, TBA Not Confirmed.
What is CNO Financial (CNO) earnings time?
CNO Financial (CNO) earnings time is at May 05, 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 2025 (Q1) is 0.8.
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