QUOTE AND NEWS
Benzinga  Apr 2  Comment 
CNO Financial Group, Inc. (NYSE: CNO) shares climbed 3.71% to $17.76. The volume of CNO Financial shares traded was 589% higher than normal. CNO Financial will replace Salix Pharmaceuticals (NASDAQ: SLXP) in the S&P MidCap 400 after the close of...
Market Intelligence Center  Mar 20  Comment 
After Thursday’s trading in Conseco Inc. (CNO) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 6.32% or 12.67% (for comparison purposes only), while providing 6.44% downside...
Forbes  Mar 4  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 3/6/15, Anthem Inc (NYSE: ANTM), Becton, Dickinson and Co. (NYSE: BDX), and CNO Financial Group Inc (NYSE: CNO) will all trade ex-dividend for their respective upcoming dividends....
Market Intelligence Center  Oct 27  Comment 
After closing Friday at $17.30, Conseco Inc. (CNO) presents an attractive opportunity to get a 6.92% return in just 235 days, which is an annualized return of 10.75% (for comparison purposes only). To enter this trade, sell one Jun. '15 $17.00...
Market Intelligence Center  Sep 11  Comment 
After closing Wednesday at $17.25, Conseco Inc. (CNO) presents an attractive opportunity to get a 5.92% return in just 190 days, which is an annualized return of 11.37% (for comparison purposes only). To enter this trade, sell one Mar. '15 $17.00...
DailyFinance  Aug 14  Comment 
A.M. Best has upgraded the issuer credit ratings (ICR) to “bbb+” from “bbb” with a positive outlook for the life/health subsidiaries of CNO Financial Group, Inc. (CNO Financial)(Carmel, IN) [NYSE:CNO]. Concurrently,...
DailyFinance  Aug 6  Comment 
CERRITOS, CA--(Marketwired - August 06, 2014) - California Nanotechnologies Corp. (TSX VENTURE: CNO) ("Cal Nano" or the "Company") is pleased to announce the appointment of Dr. Enrique Lavernia, Distinguished Professor and Dean of the College of...




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CNO Financial Group, Inc. (NYSE: CNO), formerly Conseco, emerged from bankruptcy in 2003, after which it has focused on insurance. It relies heavily on its Medicare, fixed-annuities, and long-term care operations, but also provides life insurance and disease-specific insurance. Its clients are primarily middle-class citizens and the elderly. In order to target these groups, Conesco uses a combination of direct marketing, independent distributors, and career agents.

And to think I was going to talk to someone in preson about this.

Trends and Forces

Inadequate reserve for policy benefits

Inadequate reserves for expected future policy benefits might be higher than expected, which could result in decreased net income and stockholders’ equity. Conesco calculates its reserves using historical data. Discrepancies between past claims and future claims may result in insufficient reserves. Faster-than-expected increases in medical costs, obesity, and other unforeseen events and costs may force Conesco to pay the difference from its earnings.

Annuities products are susceptible to changes in interest rates

Its annuities products are highly susceptible to fluctuations in interest rates. An increase in interest rates may cause its annuities holders to invest their money elsewhere. A decrease in interest rates could result in its payments to annuity holders exceeding the investment returns of the annuity. Only 38% of its annuities have variable interest rates, while 47% have fixed interest rates. If a large amount of customers back out of their annuities, Conesco may be forced to sell part of its investment assets in order to cover the loss.

Insurance business restructuring

Conesco’s future will be influenced by its ability to restructure its insurance business. Despite having emerged from bankruptcy in 2003, its insurance business has been plagued with decreased insurance revenues and new annuity premium revenues. In an effort to increase profits, Conesco will be focusing on marketing its higher-margin products and will be decreasing marketing costs for its underperforming products. Conesco’s predecessor owned 44 insurance companies, resulting in unnecessary duplicate administrative positions and systems. In order to remedy this, planning on streamlining administrative tasks and combining paperwork and processing systems for similar products.

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