CNO Financial Group Q2 Earnings Call Highlights

CNO Financial Group (NYSE:CNO) reported stronger second-quarter results, citing wide income growth, favorable underwriting and higher concern income, portion raising its full-year operating net outlook.

Operating net per diluted stock roseate 45% twelvemonth implicit twelvemonth to $1.26, excluding important items, Chief Executive Officer Gary Bhojwani said connected the company's second-quarter 2026 net call. Year-to-date operating net per stock accrued 43%, excluding important items.

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The insurer raised its 2026 operating net per stock guidance to a scope of $4.60 to $4.80, an 8% summation astatine the midpoint from its anterior outlook. Chief Financial Officer Paul McDonough said the institution besides narrowed its projected disbursal ratio scope to 18.8% to 19.0%, lowering the precocious extremity by 20 ground points, portion reaffirming its different full-year guidance measures.

Sales Growth Extends Across Divisions

Total caller annualized premiums accrued 7% during the quarter, and Bhojwani said the institution recorded aggregate income records. CNO marked its 16th consecutive 4th of income maturation and its 14th consecutive 4th of maturation successful producing cause count.

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In the Consumer Division, full wellness caller annualized premiums, oregon NAP, climbed 17%. Supplemental wellness NAP roseate 5%, semipermanent attraction accrued 4%, and Medicare Supplement NAP jumped 52%, marking the 3rd consecutive 4th of maturation supra 50% successful that category.

Bhojwani said results person benefited from a displacement successful user preferences from Medicare Advantage plans toward Medicare Supplement coverage. Total Medicare policies sold accrued 12%.

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"Medicare remains a flagship door-opening merchandise for CNO," Bhojwani said, adding that it supports efforts to grow the fig of households served by the company.

Life NAP successful the Consumer Division declined 9%, chiefly owed to little direct-to-consumer income against a beardown prior-year comparison. Bhojwani said CNO is taking a measured attack to its direct-to-consumer transmission and continues to displacement distant from tv advertising. Web, integer and third-party spouse channels accounted for astir 72% of direct-to-consumer beingness income during the quarter.

Meanwhile, annuity collected premiums reached a grounds $536 million, up 3%, portion annuity relationship values roseate 7%. Brokerage and advisory lawsuit assets accrued 24% to a grounds level, and full accounts roseate 13%. Combined annuity relationship values and brokerage and advisory lawsuit assets exceeded $19 billion, up 11%.