NYSE$CNO

CNO Financial Group Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

CNO Financial Group reported strong fourth quarter and full year 2024 results, driven by exceptional earnings and sales, positioning the company for sustainable growth and ROE expansion in 2025.

CNO Financial Group delivered an exceptional fourth quarter and full-year financial performance, with net income significantly increasing to $166.1 million in Q4 2024 from $36.3 million in Q4 2023. Net operating income also saw a modest increase. The company achieved production records across both divisions and returned $108.0 million to shareholders in Q4.

  • Net income in Q4 2024 was $166.1 million, or $1.58 per diluted share, a significant increase from $36.3 million, or $0.32 per diluted share, in Q4 2023.
  • Net operating income in Q4 2024 was $138.0 million, or $1.31 per diluted share, compared to $133.9 million, or $1.18 per diluted share, in Q4 2023.
  • Total new annualized premiums (NAP) increased by 13% in Q4 2024, with Worksite Division NAP up 23% and Consumer Division NAP up 11%.
  • Book value per diluted share, excluding accumulated other comprehensive loss, was $37.19, up 10% from December 31, 2023.

Headline financials

Total Revenue

$1.1K

Previous: $1.17B-100.0%
EPS (adj)

$1.31

Previous: $1.18+11.0%
Book Value / Share

$24.59

Previous: $20.26+21.4%
Capital Expenditures

$0.00

No prior period
Net Income

$166.10

Previous: $36.3M-100.0%
Operating Income

$138.00

Previous: $172M-100.0%

Revenue & EPS history

CNO Financial Group · Revenue · Quarterly

$1.1K

Q4 2024-100%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

CNO is well-positioned to continue profitable growth, capitalize on the favorable macro and demographic environment, and drive long-term ROE expansion in 2025.

Tailwinds

  • Well-positioned for sustainable growth.
  • Ability to capitalize on favorable macro environment.
  • Ability to capitalize on favorable demographic environment.
  • Expected long-term ROE expansion.
  • Continued strong financial performance.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.

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 Q4 2024

Historical avgQ4 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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