Latest news with #CNOFinancialGroup
Yahoo
02-08-2025
- Business
- Yahoo
CNO Q2 Earnings Beat Estimates on Strong Annuity Collected Premiums
Shares of CNO Financial Group, Inc. CNO have lost 2% since it reported second-quarter 2025 results on July 28. The quarterly results were hurt by a rise in total expenses as a result of higher insurance policy benefits and operating costs. Net investment losses pressured margins. Nevertheless, the downside was partly offset by strong annuity collected premiums from annuity, life and health products, rising new annualized premiums and higher fee revenues. CNO reported second-quarter adjusted earnings per share (EPS) of 87 cents, which beat the Zacks Consensus Estimate by 2.4%. However, the bottom line tumbled 17% year over year. Operating revenues of $1.2 billion advanced 8% year over year. The top line outpaced the consensus mark by 19.3%. CNO Financial Group, Inc. Price, Consensus and EPS Surprise CNO Financial Group, Inc. price-consensus-eps-surprise-chart | CNO Financial Group, Inc. Quote CNO's Q2 Performance Total insurance policy income inched up 1.5% year over year to $651.3 million but missed the Zacks Consensus Estimate of $653 million. The metric was aided by improved collected premiums from annuity, life and health products. Net investment losses were $21.8 million, slightly narrower than the prior-year quarter's loss of $21.9 million. General account assets grew 7.6% year over year to $378.3 million, higher than the consensus mark of $321 million. Policyholder and other special-purpose portfolios of $105.4 million surged 83.6% year over year in the quarter under review. Fee revenues and other income rose 6.4% year over year to $34.9 million. Annuity collected premiums of $520.5 million improved 19% year over year, while health collected premiums increased 2.3% year over year to $409.5 million. Collected premiums from life products totaled $245.5 million, which inched up 1.3% year over year. The total collected premiums advanced 8.7% year over year to $1.2 billion. New annualized premiums for health products rose 10.7% year over year, while the same for life products climbed 22.2% year over year. Annuity, Health and Life products accounted for 21.7%, 53.1% and 25.2%, respectively, of CNO's insurance margin. Total benefits and expenses escalated 12.9% year over year to $1 billion due to higher insurance policy benefits and other operating costs and expenses. CNO's Financial Update (As of June 30, 2025) CNO Financial exited the second quarter with unrestricted cash and cash equivalents of $766 million, which plunged 53.8% from the 2024-end level. Total assets of $37.3 billion dipped 1.4% from the figure at 2024-end. The debt-to-capital ratio was 34.6% at the second-quarter end, which improved 760 basis points (bps) from the 2024-end figure. Total shareholders' equity inched up 0.3% from the 2024-end level to $2.5 billion. Book value per common share was $25.92, which increased 4.7% from the figure at 2024-end. Operating return on equity, excluding significant items, improved 120 bps year over year to 11.2% at the second-quarter end. CNO Financial's Share Repurchase & Dividend Update CNO Financial rewarded its shareholders with $100 million in the form of share buybacks and $16.7 million in dividends during the second quarter. As of June 30, 2025, the company had a leftover repurchase capacity of $540.4 million. CNO's 2025 Guidance CNO Financial continues to anticipate operating EPS in the range of $3.70-$3.90. For 2025, management still estimates excess cash flow in the band of $200-$250 million to the holding company. The company currently projects the expense ratio to be in the band of 19-19.2%, narrower than the prior view of 19-19.4%. It still estimates the effective tax rate to be around 23%. Management continues to target achieving leverage within the band of 25-28%. CNO Financial's Zacks Rank CNO Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Insurers Of the insurance industry players that have reported second-quarter 2025 results so far, the bottom-line results of AXIS Capital Holdings Limited AXS, Arch Capital Group Ltd. ACGL and Kinsale Capital Group, Inc. KNSL beat the respective Zacks Consensus Estimate. AXIS Capital posted second-quarter 2025 operating income of $3.29 per share, which beat the Zacks Consensus Estimate by 14.2%. The bottom line increased 12.2% year over year. Total operating revenues of $1.6 billion missed the Zacks Consensus Estimate by 3.2%. The top line, however, rose 5.6% year over year. Net premiums written increased 4% to $1.6 billion. Net investment income decreased 2% year over year to $187 million. AXIS Capital's underwriting income of $189.2 million increased 17.4% year over year. The combined ratio improved 150 bps to 88.9%. In the Insurance segment, net premiums written increased 8.1% year over year to $1.3 billion. The combined ratio improved 260 bps to 85.3. The Reinsurance segment's net premiums written decreased 9.1% year over year to $344.9 million. Underwriting income of $37.5 million increased 17.5% year over year. Arch Capital's second-quarter 2025 operating income of $2.58 per share beat the Zacks Consensus Estimate by 11.7%. The bottom line increased 0.49% year over year. Gross premiums written improved 15.1% year over year to $6.2 billion. Net premiums written climbed 15% year over year to $4.3 billion on higher premiums written across its Insurance and Reinsurance segments. Pre-tax net investment income increased 11.3% year over year to $405 million. Operating revenues of $4.8 billion rose 20.9% year over year. It beat the Zacks Consensus Estimate by 2.62%. Arch Capital's underwriting income increased 7.3% year over year to $818 million. The combined ratio, the percentage of premiums paid out as claims and expenses, deteriorated 250 bps to 81.2. In the Insurance unit, net premiums written climbed 30.7% year over year to $2 billion. Underwriting income of $129 million was 18.3% higher than the year-ago number Kinsale Capital delivered second-quarter 2025 net operating earnings of $4.78 per share, which outpaced the Zacks Consensus Estimate by 8.4%. The bottom line increased 27.5% year over year. Operating revenues increased 22.2% year over year to $470 million. Revenues beat the Zacks Consensus Estimate of $434 million. Gross written premiums of $555.5 million rose 4.9% year over year. Net written premiums climbed 6.6% year over year to $458.7 million in the quarter. Net investment income increased 29.6% year over year to $46.5 million in the quarter. Kinsale Capital's underwriting income was $95.5 million, which grew 25.5% year over year. The combined ratio improved 190 bps to 75.8 in the quarter under review. The expense ratio improved 40 bps to 20.7 in the quarter. The loss ratio improved 150 bps to 55.1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
CNO Financial Group Earnings: What To Look For From CNO
Insurance services company CNO Financial Group (NYSE:CNO) will be reporting earnings this Monday after market hours. Here's what you need to know. CNO Financial Group missed analysts' revenue expectations by 1.9% last quarter, reporting revenues of $948.6 million, up 5.7% year on year. It was a softer quarter for the company, with a significant miss of analysts' book value per share estimates and EPS in line with analysts' estimates. Is CNO Financial Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CNO Financial Group's revenue to grow 2.4% year on year to $962 million, slowing from the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CNO Financial Group has missed Wall Street's revenue estimates five times over the last two years. Looking at CNO Financial Group's peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Globe Life delivered year-on-year revenue growth of 3.2%, meeting analysts' expectations, and Stewart Information Services reported revenues up 20.1%, topping estimates by 9.2%. Globe Life traded up 5.1% following the results while Stewart Information Services was also up 10.3%. Read our full analysis of Globe Life's results here and Stewart Information Services's results here. Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. CNO Financial Group is down 1.6% during the same time and is heading into earnings with an average analyst price target of $42.40 (compared to the current share price of $37.82). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
14-07-2025
- Business
- Yahoo
CNO Financial Group to Release Second Quarter Results on July 28, 2025
CARMEL, Ind., July 14, 2025 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) will report results for the second quarter of 2025 after the market closes on Monday, July 28, 2025. The company will host a conference call to discuss results at 11:00 a.m. Eastern Time on Tuesday, July 29, 2025. Participate by Dial-InTo participate, please register here. Upon registering, you will be provided with call details and a registrant ID that is used to track attendance on the conference call. Reminders will also be sent to registered participants via email. Participate by WebcastFor those investors who prefer to participate online, we will broadcast the call live via webcast. The event can be accessed through the Investors section of our website at Participants should register on the website at least 15 minutes before the event begins. Participate by ReplayA replay of the conference call will be available on the Investors section of our website at About CNO Financial GroupCNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $37.4 billion in total assets. Our 3,400 associates, 4,800 exclusive agents and more than 5,500 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit View original content to download multimedia: SOURCE CNO Financial Group
Yahoo
22-05-2025
- Business
- Yahoo
Effective Management Drove CNO Financials' (CNO) Terrific Performance
Investment management company First Pacific Advisors recently released its 'FPA Queens Road Small Cap Value Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned -2.51% compared to a -7.74% return for the Russell 2000 Value Index. President Trump announced his tariffs on April 2nd, causing equity markets to decline sharply and increasing volatility. Additionally, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks such as CNO Financial Group, Inc. (NYSE:CNO). CNO Financial Group, Inc. (NYSE:CNO) is an insurance holding company that develops and markets health insurance, annuity, individual life insurance, and other insurance products. The one-month return of CNO Financial Group, Inc. (NYSE:CNO) was -4.98%, and its shares gained 34.54% of their value over the last 52 weeks. On May 21, 2025, CNO Financial Group, Inc. (NYSE:CNO) stock closed at $37.78 per share with a market capitalization of $3.746 billion. FPA Queens Road Small Cap Value Fund stated the following regarding CNO Financial Group, Inc. (NYSE:CNO) in its Q1 2025 investor letter: "CNO Financial Group, Inc. (NYSE:CNO) is a life insurer that also sells supplemental medical and group insurance. Under CEO Gary Bhojwani, the company has done a terrific job growing its agent force, growing its direct-to consumer ('D2C') channel, adding a suite of third-party products, bolting on a worksite channel (Optavise), and incrementally optimizing its balance sheet. The company generates a lot of cash and has reduced shares outstanding by nearly a third since 2019.12 CNO had an exceptional 2024 with strong earnings growth and achieved a nearly 12% return on equity. Shares performed well but continue to trade at the reasonable price of 10x EPS." A financial analyst pouring over graphs and charts related to annuities and fixed index annuities. CNO Financial Group, Inc. (NYSE:CNO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held CNO Financial Group, Inc. (NYSE:CNO) at the end of the fourth quarter, compared to 22 in the third quarter. While we acknowledge the potential of CNO Financial Group, Inc. (NYSE:CNO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered CNO Financial Group, Inc. (NYSE:CNO) and shared Hotchkis & Wiley Mid-Cap Value Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Effective Management Drove CNO Financials' (CNO) Terrific Performance
Investment management company First Pacific Advisors recently released its 'FPA Queens Road Small Cap Value Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned -2.51% compared to a -7.74% return for the Russell 2000 Value Index. President Trump announced his tariffs on April 2nd, causing equity markets to decline sharply and increasing volatility. Additionally, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks such as CNO Financial Group, Inc. (NYSE:CNO). CNO Financial Group, Inc. (NYSE:CNO) is an insurance holding company that develops and markets health insurance, annuity, individual life insurance, and other insurance products. The one-month return of CNO Financial Group, Inc. (NYSE:CNO) was -4.98%, and its shares gained 34.54% of their value over the last 52 weeks. On May 21, 2025, CNO Financial Group, Inc. (NYSE:CNO) stock closed at $37.78 per share with a market capitalization of $3.746 billion. FPA Queens Road Small Cap Value Fund stated the following regarding CNO Financial Group, Inc. (NYSE:CNO) in its Q1 2025 investor letter: "CNO Financial Group, Inc. (NYSE:CNO) is a life insurer that also sells supplemental medical and group insurance. Under CEO Gary Bhojwani, the company has done a terrific job growing its agent force, growing its direct-to consumer ('D2C') channel, adding a suite of third-party products, bolting on a worksite channel (Optavise), and incrementally optimizing its balance sheet. The company generates a lot of cash and has reduced shares outstanding by nearly a third since 2019.12 CNO had an exceptional 2024 with strong earnings growth and achieved a nearly 12% return on equity. Shares performed well but continue to trade at the reasonable price of 10x EPS." A financial analyst pouring over graphs and charts related to annuities and fixed index annuities. CNO Financial Group, Inc. (NYSE:CNO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held CNO Financial Group, Inc. (NYSE:CNO) at the end of the fourth quarter, compared to 22 in the third quarter. While we acknowledge the potential of CNO Financial Group, Inc. (NYSE:CNO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered CNO Financial Group, Inc. (NYSE:CNO) and shared Hotchkis & Wiley Mid-Cap Value Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
