CNO Financial Reports Big Jump in Profit

CNO Financial Group in Carmel is the highest-ranked Indiana company on the list.

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

This audio file is brought to you by

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

Carmel-based CNO Financial Group Inc. (NYSE: CNO) is reporting third quarter net income of $100.8 million, up from $18.6 million during the same period last year. Chief Executive Officer Ed Bonach says the results "reflect the continued strength of our enterprise."

This is the fourth consecutive quarter in which CNO has reported an increase in net income. The company also saw an increase for the full year in 2016.

"We are pleased with some of our metrics this quarter, and continue to see encouraging early results for agent pilots, product rollouts, and market segmentation strategies," added Gary Bhojwani, president of CNO. "We remain committed to the implementation of strategic initiatives that will, over time, allow us to achieve desired results in all of our metrics.  Indeed, steps are being taken to accelerate the pace of change."

In May, Bonach announced his plans to retire at the end of the year. Bhojwani will succeed Bonach as CEO.

You can view CNO Financial Group’s full earnings report by clicking here.