NYSE$CNO

CNO Financial Group Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CNO Financial Group reported strong sales and distribution force growth with total new annualized premiums up 8% and solid first quarter earnings.

CNO Financial Group reported a net income of $112.3 million for Q1 2024, a significant increase compared to the net loss in Q1 2023. The company's operating earnings benefited from growth in insurance product margins, reflecting recent sales momentum and expansion of the portfolio yield.

  • Consumer Division new annualized premiums up 7% and producing agent count up 8%.
  • Worksite Division NAP up 19% and producing agent count up 28%.
  • Medicare Supplement NAP up 24%, Medicare Advantage policies sold up 38%.
  • Returned $57.3 million to shareholders.

Headline financials

Total Revenue

$1.16B

Previous: $1.01B+15.0%
EPS

$1.01

Previous: $0.51+98.0%
Book Value / Share

$21.81

No prior period
Free Cash Flow

$112M

Previous: -$800K+14137.5%
Net Income

$112M

Previous: -$800K+14137.5%
Operating Income

$74.8M

Previous: $76.4M-2.1%
Gross Profit

$467M

Previous: $344M+35.7%

Revenue & EPS history

CNO Financial Group · Revenue · Quarterly

$1.16B

Q1 2024+15%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Full year guidance remains unchanged

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.3%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+10.1%

Q2 2024

Best reaction

-11.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+2.8%+3.4%
Q4 2025+5.5%+1.8%-1.8%
Q3 2025+4.3%+4.2%+1.8%
Q2 2025-1.2%+1.6%+3.1%
Q1 2025-4.8%-4.3%-4.6%
Q4 2024+2.6%+1.4%-1.0%
Q3 2024+2.5%+2.2%+13.8%
Q2 2024+10.1%+4.1%+10.3%
Q1 2024-0.3%+2.7%+4.6%
Q4 2023+3.4%+2.5%+0.5%
Q3 2023+0.4%-0.2%+8.4%
Q2 2023-4.7%-3.1%-8.7%
Q1 2023+1.0%-4.8%-3.3%
Q4 2022+1.6%+2.5%-6.4%
Q3 2022+0.3%-1.2%+6.6%
Q2 2022-3.7%-2.4%-1.8%
Q1 2022-11.1%-11.8%-14.8%
Q4 2021+0.3%+0.6%-8.7%
Q3 2021-6.0%-5.0%-11.1%
Q2 2021+0.6%-1.0%+8.7%
Q1 2021+1.4%+1.1%+3.2%
Q4 2020-2.0%-2.2%+11.1%
Q3 2020+9.2%+6.0%+23.5%
Q2 2020+5.4%+6.0%+9.7%
Q1 2020-6.8%+3.1%+15.5%
Q4 2019+4.7%+5.7%-39.2%
Q3 2019+4.5%+7.7%+8.1%
Q2 2019+2.4%-4.3%-11.8%
Q1 2019-1.3%+1.2%-2.2%
Q4 2018-5.8%-4.5%-8.7%
Q3 2018-0.5%-0.3%-2.6%
Q2 2018+9.4%+8.8%+6.2%
Q1 2018-6.6%-4.8%-8.8%
Q4 2017+2.0%+1.4%-1.5%
Q3 2017-0.9%-2.0%-2.4%
Q2 2017+2.4%+2.7%+0.7%
Q1 2017+0.5%+0.5%-3.3%
Q4 2016+4.0%+7.0%+5.8%
Q3 2016+7.6%+4.7%+20.0%
Q2 2016-4.4%-5.4%-12.2%
Q1 2016-5.6%
Q4 2015-2.1%
Q3 2015+2.8%
Q2 2015-5.6%
Q1 2015-5.2%
Q4 2014-1.0%
Q3 2014+2.2%
Q2 2014-2.6%
Q1 2014-1.7%
Q4 2013+4.8%
Q3 2013+4.9%
Q2 2013+1.3%
Q1 2013+1.0%
Q4 2012+8.2%
Q3 2012+0.4%
Q2 2012+3.1%
Q1 2012-1.5%
Q4 2011-2.3%
Q3 2011-8.8%
Q2 2011-4.1%
Q4 2010-4.1%
Q1 2010-0.3%
Q1 2011+2.8%
Q4 2008+2.0%
Q3 2010-3.1%
Q3 2009-3.1%
Q4 2009-1.1%
Q2 2010-1.1%
Q2 2009-1.1%

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