Strong Quarterly Performance
CNO Financial Group delivered a strong quarter with record total new annualized premiums of $125 million, up 26%. Operating earnings per diluted share were $1.29, up 16%.
Record Sales Growth in Consumer Division
The Consumer Division delivered its 12th consecutive quarter of sustained growth. Total Life insurance sales were up 33%, and record direct-to-consumer life insurance sales increased by 56%.
Worksite Division Insurance Sales
Worksite Life and Health NAP was up 20%, marking the seventh consecutive quarter of record NAP growth. Strategic growth initiatives contributed significantly, with a 42% increase in NAP growth.
Continued Growth in Annuities and Advisory
Annuity collected premiums were up 2%, marking the ninth consecutive quarter of growth. Client assets in brokerage and advisory were up 28%, surpassing $5 billion.
New Bermuda Treaty
CNO Financial executed a second Bermuda treaty, ceding approximately $1.8 billion of Supplemental Health U.S. statutory reserves, contributing to an expected 50 basis point improvement in operating ROE through 2027.