#USA #Carmel #Q3 2025 #Insurance #CNO Financial

CNO Financial Group Q3 2025 Financial Results

CNO Financial Group, Inc. (NYSE: CNO) has unveiled its third quarter results for 2025, boasting a robust net income of $23.1 million, translating to $0.24 per diluted share. This marks a considerable increase from the $9.3 million, or $0.09 per diluted share, recorded in the same quarter last year. Notably, the numbers were affected by non-economic accounting impacts associated with market volatility, which influenced both this quarter and the previous one.

Improved Operating Income

Excluding non-economic accounting impacts and other non-operating items such as goodwill impairment, the net operating income for Q3 2025 stands at $127.2 million, or $1.29 per diluted share, up from $119.2 million—or $1.11 per diluted share—in Q3 2024. These figures demonstrate CNO's effective management and strategic approach in enhancing its core earnings.

CEO Gary C. Bhojwani commented, "The results for this quarter accentuate the strength of the CNO business model. Our growth in sales and enhanced underwriting margins reflect the momentum we are generating."

Strategic Developments

CNO Financial Group continues to refine its strategic initiatives. The firm executed a second reinsurance deal with its Bermuda affiliate while also streamlining its Worksite Division by exiting the fee services segment. This strategic exit aims to sharpen focus on high-growth insurance segments and is expected to enhance the company's return on equity by 50 basis points through 2027.

In terms of premium collections, the company saw a 26% uptick in Total New Annualized Premiums (NAP). Specifically, Life NAP surged by 32% and Health NAP rose by 20%. The Consumer Division exhibited a substantial 27% growth in NAP, while the Worksite Division achieved a 20% increase. Additionally, client assets in brokerage and advisory services grew by an impressive 28%.

As part of its returns to shareholders, CNO has distributed approximately $76.4 million, illustrating its commitment to rewarding investors amidst a strategic realignment aimed at capturing further growth in the insurance market.

Financial Highlights Summary

To summarize the financial highlights for Q3 2025:

• - Net Operating Income: $127.2 million, up 7% from Q3 2024.
• - Net Income Growth: Increased from $9.3 million to $23.1 million.
• - Book Value per Share: $27.24, reflecting a 6% increase year-over-year.
• - Return on Equity (ROE): Reported at 12.5%, with Operating ROE at 12.1%.

Looking Ahead

With a solid financial footing entering the final quarter of the year, CNO Financial Group is well-positioned for continued momentum and enhanced operational performance. The forthcoming quarter is anticipated to harness the benefits of the strategic moves made in 2025 while contributing positively to the long-term goals of the company.

In conclusion, CNO Financial continues to navigate the complexities of the financial landscape with a strategic vision and an unwavering commitment to both its shareholders and policyholders. As it looks towards the future, the company aims to boost its return on equity further and expand its market presence in the life and health insurance sectors.