CNO Financial Group reported Q3 2025 earnings, posting net income of $23.1 million, or $0.24 per diluted share, up 150 % from $9.3 million ($0.09 per diluted share) in the same quarter a year earlier. Net operating income rose to $127.2 million, or $1.29 per diluted share, a 7 % increase year‑over‑year.
The company’s New Annualized Premiums (NAP) grew 26 % overall, with life NAP up 32 % and health NAP up 20 %. The Consumer division’s NAP increased 27 %, while the Worksite division’s NAP rose 20 %.
CNO reaffirmed its 2025 full‑year operating earnings guidance of $3.70 to $3.90 per diluted share, excluding significant items. The company also reiterated its run‑rate Return on Equity target, aiming for a 200‑basis‑point improvement through 2027, building on a 2024 run rate of 10 %.
Strategic initiatives included a Bermuda reinsurance transaction effective October 1 2025 and the planned exit of the fee‑services side of the Worksite division. The fee‑services exit is expected to reduce annual fee revenue by approximately $30 million and increase annual pre‑tax income by roughly $20 million, with completion anticipated in the first half of 2026.
Financially, unrestricted cash and investments held by the holding company were $193.7 million as of September 30 2025. Book value per common share stood at $27.24, and book value per diluted share, excluding accumulated other comprehensive loss, was $38.10.
The company recorded a goodwill and intangible impairment charge during the quarter, which is excluded from the operating earnings figures reported for guidance.
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