Overview

* CNO Financial ( CNO ) Q3 net income rises to $23.1 mln from $9.3 mln in 3Q24

* Net operating income for Q3 increases to $127.2 mln from $119.2 mln in 3Q24

* Company executed reinsurance transaction with Bermuda affiliate, streamlining Worksite Division

Outlook

* CNO Financial ( CNO ) increases 2027 ROE target by 50 basis points

* Company to exit fee services in Worksite Division by 1H 2026

* CNO expects Worksite Division exit to increase annual pre-tax income by $20 mln

Result Drivers

* INSURANCE SALES - Record Direct-to-Consumer and Worksite insurance sales contributed to Q3 results

* WORKSITE DIVISION STREAMLINING - Exiting fee services to focus on high-growth insurance offerings, expected to increase pre-tax income

* REINSURANCE TRANSACTION - Strategic reinsurance transactions with Bermuda affiliate to improve ROE through 2027

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.24

Q3 Net $23.10

Income mln

Q3 ROE 12.50%

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "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 4.7% above its October 31 closing price of $40.02

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)