CNO Financial (1)
July 30, 2019


Exhibit 99.1
logo.jpgFor Immediate Release


CNO Financial Group Reports Second Quarter 2019 Results
Solid operating income
Fourth consecutive quarter of premium growth in all businesses

Carmel, Ind., July 30, 2019 - CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ending June 30, 2019, net income was $0.24 per diluted share, compared to $0.61 per diluted share in 2Q18. CNO also reported that 2Q19 net operating income (1) was $0.48 per diluted share, compared to $0.46 in 2Q18 (as adjusted to remove the earnings from the long-term care business that was ceded in 3Q18).

"Leveraging our multiple distribution channels, CNO delivered its fourth consecutive quarter of growth with solid production across each of our businesses and product lines," said Gary C. Bhojwani, chief executive officer. "We continued to use excess capital to repurchase shares, which drove an increase in operating earnings per share, adjusting for the long-term care business that was ceded in the third quarter of 2018, and contributed to higher operating return on equity."

Highlights

Annuity collected premiums were up 19% from 2Q18

First-year collected premiums were up 14% from 2Q18

Life and health sales were up 4% from 2Q18

All benefit ratios were within provided guidance

Returned $72.4 million to shareholders in the form of share repurchases ($55.0 million) and dividends ($17.4 million)







The following information was filed by Cno Financial Group, Inc. (CNO) on Tuesday, July 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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