CNO Financial Group Boosts Share Repurchase by $500 Million and Declares Quarterly Dividend

CNO Financial Group Expands Share Repurchase Program and Declares Quarterly Dividend

CNO Financial Group, Inc. (NYSE: CNO) has made significant announcements that reflect its ongoing commitment to returning value to shareholders. On February 12, 2025, the company revealed that its Board of Directors has approved an additional $500 million for its share repurchase program, allowing the company to acquire outstanding shares of common stock. This is on top of the remaining capacity of approximately $240.3 million under the previous repurchase authorization as of December 31, 2024.

The share repurchase program is designed to enhance shareholder value over time. The implementation of this program will occur through various means, including open market purchases, private transactions, or potentially through tender offers, all in compliance with the requirements established by the Securities and Exchange Commission (SEC). The timing and extent of any repurchases will depend on various factors, including overall market conditions and business performance.

In addition to the share repurchase news, CNO Financial also declared a quarterly cash dividend of $0.16 per common share. This dividend is scheduled to be paid on March 24, 2025, to shareholders who are on record by the close of business on March 10, 2025. Dividends are a crucial part of the return policies of many firms, as they indicate the company's profitability and financial health.

As part of its broader communication strategy, CNO Financial Group also announced that its annual shareholders meeting will be held virtually, making it accessible for a larger audience. This meeting is set to take place on May 8, 2025, at 8:00 AM ET. Shareholders who wish to participate will be able to attend, vote, and submit questions in real-time during the webcast, as long as they are on record by March 10, 2025.

About CNO Financial Group

CNO Financial Group, Inc. is dedicated to securing the financial future of middle-income Americans. With a comprehensive portfolio that includes life and health insurance, annuities, and financial services, CNO operates through several well-known brands, such as Bankers Life, Colonial Penn, Optavise, and Washington National. The company safeguards the well-being of individuals and families while managing $37.9 billion in total assets and servicing 3.2 million policies.

CNO Financial employs approximately 3,500 associates and supports around 4,900 exclusive agents along with over 5,500 independent partner agents. These skilled teams guide clients through their financial journeys, helping them navigate crucial decisions about health, income, and retirement needs.

For more extensive information about CNO Financial Group and its offerings, visit CNOinc.com.