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Cno Financial Group, Inc. (CNO) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

SEC Filings

Cno Financial Group, Inc.

CIK: 1224608 Ticker: CNO

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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Inside Cno Financial Group, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheet
Consolidated Balance Sheet (Parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Operations
Consolidated Statement Of Shareholders' Equity
Consolidated Statement Of Shareholders' Equity (Parenthetical)
Accounting For Derivatives
Accounting For Derivatives (Tables)
Accounting For Derivatives - Derivatives With Master Netting Arrangements (Details)
Accounting For Derivatives - Fair Value By Balance Sheet Location (Details)
Accounting For Derivatives - Narrative (Details)
Accounting For Derivatives - Schedule Pre-Tax Gains (Losses) Recognized In Net Income For Derivative Instruments (Details)
Acquisition Of Web Benefits Design Corporation
Acquisition Of Web Benefits Design Corporation (Details)
Acquisition Of Web Benefits Design Corporation (Tables)
Business And Basis Of Presentation
Business And Basis Of Presentation (Details)
Business And Basis Of Presentation (Policies)
Business Segments
Business Segments (Details)
Business Segments (Tables)
Changes In Common Stock
Changes In Common Stock (Details)
Consolidated Statement Of Cash Flow
Consolidated Statement Of Cash Flow (Details)
Consolidated Statement Of Cash Flow (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Balance Sheet Recurring (Details)
Fair Value Measurements - Fair Value Activity (Details)
Fair Value Measurements - Fair Value Inputs (Details)
Fair Value Measurements - Measurements By Input Level (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Recurring Basis (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Tax Expense (Details)
Income Taxes - Deferred Assets And Liabilities (Details)
Income Taxes - Narrative (Details)
Income Taxes - Net Operating Losses (Details)
Income Taxes - Reconciliation Of Corporate Tax Rate (Details)
Investment Borrowings
Investment Borrowings (Tables)
Investment Borrowings - Narrative (Details)
Investment Borrowings - Terms Of The Borrowings From The Fhlb (Details)
Investments
Investments (Tables)
Investments - Narrative (Details)
Investments - Net Realized Investment Gains (Losses) (Details)
Investments - Schedule Of Amortized Cost, Gross Unrealized Gains And Losses, Estimated Fair Value, And Other-Than-Temporary Impairments (Details)
Investments - Schedule Of Other Than Temporary Impairment (Details)
Investments - Schedule Of Unrealized Appreciation (Depreciation) On Investments Included In Accumulated Other Comprehensive Income (Details)
Investments - Summary Of Investments By Contractual Maturity (Details)
Investments - Summary Of Investments With Unrealized Losses By Investment Category (Details)
Investments In Variable Interest Entities
Investments In Variable Interest Entities (Tables)
Investments In Variable Interest Entities - Balance Sheet Items (Details)
Investments In Variable Interest Entities - Narrative (Details)
Investments In Variable Interest Entities - Schedule Of Vies (Details)
Leases
Leases (Tables)
Leases - Information Related To Right To Use Assets (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Maturities Of Operating Lease Liabilities Prior To Adoption Of New Lease Guidance (Details)
Leases - Weighted Average Information (Details)
Litigation And Other Legal Proceedings
Litigation And Other Legal Proceedings (Details)
Notes Payable - Direct Corporate Obligations
Notes Payable - Direct Corporate Obligations (Tables)
Notes Payable - Direct Corporate Obligations - Narrative (Details)
Notes Payable - Direct Corporate Obligations - Schedule Of Long-Term Debt Instruments (Details)
Notes Payable - Direct Corporate Obligations - Scheduled Repayment (Details)
Recently Issued Accounting Standards
Recently Issued Accounting Standards (Tables)
Recently Issued Accounting Standards - Impact Of Adoption (Details)
Recently Issued Accounting Standards - Narrative (Details)
Reinsurance
Reinsurance (Details)
Sales Inducements
Sales Inducements (Details)
Ticker: CNO
CIK: 1224608
Form Type: 10-Q Quarterly Report
Accession Number: 0001224608-19-000042
Submitted to the SEC: Tue Aug 06 2019 12:07:56 PM EST
Accepted by the SEC: Tue Aug 06 2019
Period: Sunday, June 30, 2019
Industry: Accident And Health Insurance

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