CNO Financial Group Q2 Profit Up - Quick Facts

(RTTNews) - CNO Financial Group, Inc. (CNO), Monday reported second quarter net income of $77.1 million or $0.34 per share, up from $65.7 million or $0.24 per share during the same quarter last year. On average, nine analysts polled by Thomson Reuters expected earnings per share of $0.26 for the quarter. Analysts' estimates typically exclude one-time items.

The company reported net operating income of $0.30 per share, compared with $0.20 per share during the same quarter last year.

Total revenues for the three-month period increased to $1.08 billion from $1.06 billion reported in the corresponding quarter last year. Street estimated the company to generate revenues of $1.07 billion. Sales, as defined by total new annualized premium was up 5 percent to $102.3 million.

"The vitality and stability of CNO's business model continues to produce solid results, with sales momentum increasing, and consistent growth in core business premium income and profitability," CEO Ed Bonach said.