CNO Financial Swings to Profit in Q1
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCarmel-based CNO Financial Group Inc. (NYSE: CNO) is reporting first quarter net income of $147.4 million, compared to a net loss of $21.2 million during the same period last year. Chief Executive Officer Gary Bhojwani says the company’s performance throughout the challenges of COVID demonstrates the value of its diversified business model.
Bhojwani says the company’s results reflect its ability to navigate through the pandemic.
“Within our Consumer Division, we generated record life sales and we are approaching pre-pandemic levels of growth in our annuities and broker-dealer client assets,” said Bhojwani. “Worksite sales continue to rebound, as expected, as workplaces reopen. We repurchased $100 million in stock in the first quarter and completed the DirectPath acquisition, while maintaining a strong capital and liquidity position.”
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