CNO Earnings Prediction
The chart below shows how CNO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNO sees a -3.89% change in stock price 10 days leading up to the earnings, and a +2.55% change 10 days following the report. On the earnings day itself, the stock moves by +0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
CNO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.14B
17.91%
4.59%
Gross Margin
--
--
--
Operating Margin
6.65%
-75.77%
-69.84%
Net Margin
0.81%
-95.31%
-92.39%
EPS
0.09
-93.84%
-91.51%
No Data Available
CNO Earnings Analysis
CNO Financial Group, Inc. Corporation (CNO.N) Earnings Conference Call
Positive
Operating Earnings Increase: Operating earnings per diluted share were $1.11, up 26% and $0.94 or up 27% excluding significant items.
Sales Momentum and Growth: CNO posted our ninth consecutive quarter of strong sales momentum and our seventh consecutive quarter of growth in producing agent count.
Annualized Premium Increase: Total new annualized premium was up 1% across the enterprise.
Total NAP Increase: Excluding direct-to-consumer, total NAP was up 7%.
Consistent Rate Increase: Our new money rate exceeded 6% for a seventh consecutive quarter.
Negative
Operating Earnings Increase: Operating earnings per diluted share were $1.11, up 26% and $0.94 or up 27% excluding significant items.
Expense Ratio Analysis: The expense ratio was 18.8% in the quarter and 19.2% on a trailing 12-month basis.
Share Repurchase Acceleration: We deployed $90 million at excess capital on share repurchases in the quarter, accelerating our capital return in the wake of the debt issuance back in May.
Workforce Reduction Impact: The net effect was a 3% reduction in the workforce.
Severance and Outsourcing Costs: Severance and outsourcing transition costs, associated with these actions, totaled $8.3 million pre-tax and were reported as non-operating income in the quarter.
CNO FAQs
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CNO Earning Call Sentiment
CNO Financial Group, Inc. (CNO) Q3 2024 Earnings Call Transcript
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CNO.N
-0.5%Positive
The earnings call reveals strong financial performance with a 26% increase in operating earnings per share and a 25% rise in annuity collected premiums. The company raised its operating earnings guidance and maintained a strong capital position. Despite some uncertainties in the Q&A, such as free cash flow sustainability, the overall sentiment is positive, supported by improved guidance and shareholder returns. The market cap indicates moderate sensitivity, leading to a positive stock price prediction of 2% to 8% over the next two weeks.