CNO Financial Swings to Full-Year Loss

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

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Carmel-based CNO Financial Group (NYSE: CNO) is reporting a full-year net loss of $315 million in 2018, compared to net income of $176 million the previous year. Chief Executive Officer Gary Bhojwani says the results were impacted by market volatility and tax reform.

Despite the full-year drop, the company is also reporting fourth quarter net income $28.3 million, compared to a net loss of $70.9 million during the same period in 2017. 

"CNO reported strong sales and collected premiums in the quarter, as growth initiatives implemented in our operating businesses over the past several quarters continue to yield positive results," Bhojwani said in a news release. "We remain committed to deploying excess capital to its highest and best use."

You can view the full earnings report by clicking here.