Overview

* CNO Financial ( CNO ) Q2 net income falls to $91.8 mln from $116.3 mln

* Net operating income declines 24% to $87.5 mln in Q2

* Totalew annualized premiums rise 17%

Outlook

* CNO on track to meet 2025-2027 ROE targets

* Company highlights strong capital position for future growth

* CNO sees favorable demographic trends aiding profitability

* Company remains focused on middle-income market needs

Result Drivers

* SALES MOMENTUM - CNO reports 12th consecutive qtr of sustained sales momentum, with total new annualized premiums up 17%

* UNDERWRITING MARGINS - Growing underwriting margins contributed to Q2 results, per CEO Gary C. Bhojwani

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.91

Q2 Net $91.80

Income mln

Q2 ROE 11.9%

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the life & health insurance peer group is "buy."

* Wall Street's median 12-month price target for CNO Financial Group Inc ( CNO ) is $42.00, about 10% above its July 25 closing price of $37.82

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)