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CNO $16.63   View long term graphs

CNO Financial Group Inc.
Formerly called
Conseco Inc. (1979–2010)
Type
Public
Traded as NYSE CNO
S&P 400 Component
Industry Financial services
Founded 1979
Headquarters Carmel, Indiana, United States
Key people
Edward J. Bonach (CEO)
Products Insurance
Revenue Decrease $ 3.8 billion (2015)
Operating income
Increase $ 367.7 million (2015)
Net income
Decrease $ 270.7 million (2015)
Total assets Decrease $ 31.1 billion (2015)
Total equity Decrease $ 4.1 billion (2014)
Number of employees
4,200 (Dec 2012)
Subsidiaries Colonial Penn, Bankers Life, 40/86 Advisors, Washington National Insurance Company
Website cnoinc.com

CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation; NYSE: CNO) is a financial services holding company based in Carmel, Indiana. CNO's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

CNO ranked 608 on the Fortune 1000 with 2014 revenues of $4.1 billion. In April 2014 CNO was ranked top 50 most trusted financial institutions by Forbes.

CNO was incorporated in 1979 as Security National of Indiana Corp. by Stephen Hilbert. SNI bought Consolidated National Life Insurance Co. in 1983. It began insurance operations in 1982 and became a public company in 1985.

In 1986 Conseco acquired Lincoln Income Life Insurance Company for $29 per share or $32.3 mil. Shearson Lehman Brothers advised Lincoln Income Life Insurance. Earlier, in mid-1985, Lincoln had agreed to be acquired by I.C.H. for $31 per share in cash but the merger couldn't be consummated as the Kentucky Department of Insurance raised objections to certain expenses which Lincoln would have incurred in the merger. Lincoln also received a merger proposal from Redgate in 1985. Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. It purchased Bankers National Life Insurance Company for $118 million, respectively.

In 1998, Conseco purchased the former Greentree Financial, one of the largest financiers of mobile homes, in an attempt to diversify into consumer financial services. They also bought life insurance company Colonial Penn later that year, changing their name to Conseco Direct Life, though changing the name back to Colonial Penn in 2001 (known as Bankers Conseco Life Insurance Company in New York state). Conseco (though not its subsidiary insurance companies) entered Chapter 11 reorganization in 2002 and emerged nine months later in 2003. Conseco's bankruptcy was the third-largest U.S. Chapter 11 filing at the time, after the bankruptcies of WorldCom Inc. and Enron. In the process of reorganization, GreenTree was divested and thereafter Conseco solely focused on the insurance industry.

CNO's CEO, Edward Bonach, joined the company in May 2007 as CFO and later became CEO in October 2011. Bonach is also a member of CNO's Board of Directors.

CNO is the parent company of seven insurance companies, including Bankers Life and Casualty Company and Colonial Penn Life Insurance Company. They also owns 40/86 Advisors, an investment management company and Washington National Insurance Company.

On May 11, 2010, the board of directors officially approved changing the holding company's name to CNO Financial Group.

In 2015 February, CNO sold its Hyderabad-based India operations to Cognizant.

News

CNO Financial Group, Inc. -1.07% (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-09 Future report Set alerts
Q3 2020 2020-11-03 Future report Set alerts
Q2 2020 2020-08-04 0.55 0.57
Q1 2020 2020-05-05 0.58 -0.15
Q4 2019 2020-02-11 0.52 1.84
Q3 2019 2019-11-05 0.45 0.27
Q2 2019 2019-07-30 0.48 0.24
Q1 2019 2019-04-29 0.41 0.32
Q4 2018 2019-02-12 0.36 0.17
Q3 2018 2018-10-31 0.53 -3.22

Ratings

2016-07-07 Lower Price Target Deutsche Bank AG Hold $20.00 to $19.00
2016-07-07 Lower Price Target Citigroup Inc. Buy $21.00 to $20.00
2016-07-06 Initiated Coverage Evercore ISI Hold $19.00
2016-05-02 Boost Price Target Deutsche Bank Hold $19.00 to $20.00
2016-05-02 Boost Price Target Deutsche Bank AG Hold $19.00 to $20.00
2016-04-18 Reiterated Rating FBR & Co. Buy $21.00
2016-04-18 Reiterated Rating FBR & Co Buy $21.00
2016-03-15 Reiterated Rating Deutsche Bank Hold $19.00
2016-02-14 Reiterated Rating FBR & Co. Outperform
2016-02-08 Reiterated Rating BTIG Research Buy
2016-01-25 Initiated Coverage Deutsche Bank Hold $19.00
2016-01-13 Lower Price Target Goldman Sachs Buy $23.00 to $21.00
2016-01-13 Lower Price Target Goldman Sachs Group Inc. Buy $23.00 to $21.00
2015-12-21 Initiated Coverage Raymond James Outperform $20.50
2015-12-21 Initiated Coverage Raymond James Financial Inc. Outperform $20.50
2015-11-17 Initiated Coverage Goldman Sachs Buy $23.00
2015-11-16 Reiterated Rating BTIG Research Buy $21.00
2015-11-04 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform $22.00 to $21.00
2015-10-30 Reiterated Rating BTIG Research Buy $21.00
2015-10-20 Reiterated Rating BTIG Research Buy
2015-08-24 Reiterated Rating BTIG Research Buy
2015-07-29 Initiated Coverage Keefe, Bruyette & Woods Outperform $22.00
2015-07-27 Reiterated Rating BTIG Research Buy $21.00
2015-06-26 Reiterated Rating BTIG Research Buy $21.00
2015-05-04 Set Price Target BTIG Research Buy $21.00
2015-02-11 Reiterated Rating BTIG Research Buy $21.00
2015-01-29 Initiated Coverage Jefferies Group Buy $20.00
2014-11-12 Downgrade Morgan Stanley Overweight to Equal Weight
2014-08-11 Upgrade Morgan Stanley Equal Weight to Overweight
2014-07-18 Reiterated Rating FBR & Co. Outperform $20.00 to $21.00
2014-05-01 Downgrade Goldman Sachs Buy to Neutral $19.50
2014-01-09 Reiterated Rating FBR & Co. Outperform $20.00
2014-01-03 Initiated Coverage Citigroup Inc. Buy
2013-12-10 Reiterated FBR Capital Outperform $18 to $20
2013-12-10 Boost Price Target FBR & Co. Outperform $18.00 to $20.00
2013-07-09 Reiterated FBR Capital Outperform $13 to $16
2011-01-13 Reiterated UBS Neutral $6 to $7.50
2010-03-12 Reiterated FBR Capital Outperform $8 to $9
2009-08-18 Reiterated FBR Capital Mkt Perform $3 to $4
2009-05-12 Reiterated FBR Capital Markets Mkt Perform $2 to $3
2009-04-20 Reiterated Credit Suisse Neutral $7 to $4
2008-05-09 Reiterated Friedman Billings Outperform $18 to $17
2008-04-28 Reiterated UBS Buy $25 to $18
2008-03-31 Reiterated Friedman Billings Outperform $19 to $18
2008-01-30 Downgrade Credit Suisse Outperform to Neutral
2007-09-28 Upgrade Friedman Billings Mkt Perform to Outperform $17 to $19
2007-08-15 Initiated Friedman Billings Mkt Perform $17
2016-07-07 Lower Price Target Deutsche Bank AG Hold $20.00 to $19.00
2016-07-07 Lower Price Target Citigroup Inc. Buy $21.00 to $20.00
2016-07-06 Initiated Coverage Evercore ISI Hold $19.00
2016-05-02 Boost Price Target Deutsche Bank Hold $19.00 to $20.00
2016-05-02 Boost Price Target Deutsche Bank AG Hold $19.00 to $20.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Bonach Edward J CEO 0.23%  (480431) CNO /
JOHNSON ERIC R EVP, Chief Investment Officer 0.18%  (382789) CNO /
Perry Scott R Chief Business Officer 0.15%  (311392) CNO /
Bhojwani Gary C President 0.14%  (299213) CNO / HRL /
Stecher Steven M Pres., Washington National 0.08%  (174254) CNO /
Zimpfer Matthew J. EVP and General Counsel 0.06%  (137405) CNO /
TOKARZ MICHAEL T 0.05%  (116814) CNO / EQS / IEX / MVC / MWA / WAC / WLT /
Crawford Frederick John EVP and CFO 0.05%  (107505) AFL / CNO /
SCHNEIDER NEAL C 0.05%  (103413) CNO /
TURNER JOHN G 0.05%  (98190) CNO /
Baude Bruce K. EVP, Chief Ops & Tech Officer 0.04%  (85047) CNO /
Nickele Christopher J Pres, Other CNO Business 0.04%  (76443) CNO /
Sievert Frederick James 0.03%  (71194) CNO / RGA /
GREVING ROBERT C 0.03%  (59064) CNO /
KLINE JOHN R SVP & Chief Acctg Officer 0.03%  (58746) CNO /
Helding Erik M EVP and CFO 0.02%  (50223) CNO /
Brown Ellyn L 0.02%  (49412) CNO / WAC /
HENDERSON MARY R 0.02%  (45622) CNO / WLT /
Long Roger Keith 0.01%  (21363) CNO /
Jacklin Charles J. 0.01%  (21194) CNO /
Maurer Dan 0.01%  (21194) CKP / CNO / INTU / ZAGG /
DAVID STEPHEN N 0.01%  (11570) CKP / CNO /

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