CNO Financial Group is a publicly owned American financial services holding company based in Carmel, Indiana. Founded in 1979, the company employs approximately 12,140 individuals and provides insurance.
CNO Financial Group reported a 33% increase in operating earnings per diluted share to $1.05 in the first quarter of 2026, marking its 15th consecutive quarter of sales growth and 13th consecutive quarter of producing agent count growth, with total new annualized premiums rising 11%. Excluding significant items, operating earnings per diluted share increased by 42%. The company returned $77 million to shareholders and saw its book value per diluted share increase by 5%. Previously on May 2, CNO also reported Q1 revenue of US$1.0 billion and basic EPS of US$0.40, noting trailing 12-month EPS of US$2.55 on revenue of US$4.5 billion, reflecting a shift from last year's higher levels and facing margin compression challenges. Earlier on May 1, the company highlighted its Medicare business as a key driver, with total Medicare policies sold rising 24% and Medicare Supplement new annualized premiums climbing 53%. Management warned of modestly adverse claims and outlined Medicare Supplement rate actions of 10.2% and approximately 14.5% approvals, which will phase in by Q4 2026. Net investment income increased 6%, with new-money rates above 6%, and CNO repurchased $60 million of stock. The company reaffirmed its 2026 guidance and flagged potential higher 2027 return on equity ambitions. CEO Gary Bhojwani emphasized operating earnings momentum and sales/distribution growth. CNO's Q1 sales were up 8.5% year-on-year to $1.03 billion, with non-GAAP profit of $1.29 per share exceeding analysts’ consensus estimates by 38.7%.
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