CNO Financial Reports Q4 Loss

Posted: Updated:
CARMEL -

Carmel-based CNO Financial Group Inc. (NYSE: CNO) is reporting a fourth quarter net loss of $70.9 million, compared to net income of $234 million during the same quarter the previous year. The company says the recently-passed Tax Cuts and Jobs Act had a "one-time unfavorable impact" on the results.

CNO is also reporting full-year net income of $176 million in 2017, down from $358.2 million in 2016. Despite the affects of the Tax Reform Act last year, the company says the bill will serve as an ongoing benefit for the company.

Chief Executive Officer Gary Bhojwani says he expects CNO's ongoing improvements to its income will offset any one-time accounting impacts.

"CNO had another strong quarter, capping off a solid year highlighted by a double digit increase in operating earnings," said Bhojwani. "We experienced good asset growth in our accumulation businesses and saw improvements in nearly all of our Growth Scorecard measures across the firm. We are well positioned to build on our momentum as we continue to implement strategic initiatives that we expect will accelerate growth in our key production metrics."

You can connect to CNO's full earnings report by clicking here.

  • Perspectives

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Rolls-Royce to Make Indy Jobs Announcement

      Rolls-Royce Corp. in Indianapolis will Monday make an announcement about a new campaign and jobs. Few details were provided, however the company says the announcement will involve a new U.S. defense engine program.

    • Picture Courtesy: Ratio Architects

      Hilton Bringing New Hotel Brand to Indy

      Hilton (NYSE: HLT) has chosen Indianapolis as one of three markets where it will roll out its new Signia Hilton brand. The hospitality company says Signia Hilton will target meeting professionals and business travelers hosting and attending large events. The 800-room Signia Hilton will be the larger of the two hotel towers planned for the Pan Am Plaza site as part of a $120 million Indiana Convention Center expansion. Visit Indy Senior Vice President Chris Gahl expects...

    • (image courtesy WTHR-TV)

      Governor Holcomb Launches Next Level Broadband Program

      Governor Eric Holcomb has launched a program dedicating $100 million to bring broadband to rural areas of the state. The Next Level Broadband Program will be overseen by Lt. Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs. The Indiana Department of Transportation will administer grants and provide technical support.  

    • (photo courtesy of Purdue University)

      'Sully' Sullenberger to Speak at Purdue

      Ten years after becoming famous for landing a commercial airliner on the Hudson River, Captain "Sully" Sullenberger will Sunday speak at Purdue University. The Purdue alumnus' talk is part of the university's Giant Leaps Series.

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...