John Barnidge

Ryan Krueger

Suneet Kamath

Joel Hurwitz

Wes Carmichael

Jack Matten

Wesley Carmichael

Wilma Burdis

Wilma Jackson Burdis

Francis Matten

Jack Matson

Thomas Gallagher

Wilmer Burdis

- CNO Financial Group reported **Operating EPS of $1.29**, a **16% increase**, and **Operating EPS excluding significant items of $0.96**, up **4%** for Q3 2025.  **[0001224608_2228447:1]** **[0001224608_2228447:3]** **[0001224608_2228447:24]**  The company also recorded a **$96.7 million** non-cash goodwill and intangibles impairment during the quarter.  **[0001224608_2228447:3]** **[0001224608_2228447:18]** 
- The company demonstrated strong operational growth with total new annualized premiums (NAP) up **26%**, direct-to-consumer (D2C) NAP up **56%**, and Worksite Division NAP up **20%**.  **[0001224608_2228447:1]**  Client assets in brokerage and advisory also increased by **28%**.  **[0001224608_2228447:1]** 
- CNO returned **$76 million** to shareholders in Q3 2025, including **$60 million** in share repurchases, contributing to an **8%** reduction in weighted average diluted shares outstanding.  **[0001224608_2228447:1]** **[0001224608_2228447:3]**  The consolidated Risk-Based Capital (RBC) ratio stood at **380%** and holding company liquidity at **$194 million**, both above target levels.  **[0001224608_2228447:6]** 
- Management raised its guidance for 2027 operating Return on Equity (ROE) improvement and 2025 excess cash flow to the holding company, with 2025 operating EPS guidance set between **$3.75 and $3.85**.  **[0001224608_2228447:6]**

CNO Financial Group Announces Q3 2025 Results with Strong Earnings Growth and Raised Guidance

- CNO Financial Group reported **net income of $23.1 million**, or **$0.24 per diluted share**, and **net operating income of $127.2 million**, or **$1.29 per diluted share**, for Q3 2025.  **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:0]** **[1224608_0001224608-25-000067_exhibit992-09302025investo.htm:5]** 
- The company announced a decision to **streamline its Worksite Division operations by exiting the fee services business**, which is expected to reduce annual fee revenue by roughly $30 million and increase annual pre-tax income by roughly $20 million.  **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:0]** **[1224608_0001224608-25-000067_inv_presx3qx2025xfinal.htm:1]** 
- Key growth metrics for Q3 2025 include **total new annualized premiums (NAP) up 26%** and **client assets in brokerage and advisory up 28%**.  **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:0]** **[1224608_0001224608-25-000067_inv_presx3qx2025xfinal.htm:0]** 
- CNO returned **$76.4 million to shareholders** in Q3 2025 and reported a book value per diluted share, excluding accumulated other comprehensive loss, of **$38.10**, representing a 6% increase.  **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:0]** **[1224608_0001224608-25-000067_inv_presx3qx2025xfinal.htm:0]** **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:5]** 
- The company is **increasing its run rate operating return on equity (ROE) target by 50 basis points** for a total improvement of 200 basis points through 2027.  **[1224608_0001224608-25-000067_exhibit991-09302025earnings.htm:0]** **[1224608_0001224608-25-000067_inv_presx3qx2025xfinal.htm:4]**

CNO Financial Group Reports Strong Q3 2025 Results and Strategic Updates

- CNO Financial Group reported **net income of $23.1 million**, or **$0.24 per diluted share**, and **net operating income of $127.2 million**, or **$1.29 per diluted share**, for the third quarter of 2025.  **[1224608_20251103DE13891:0]** 
- The company achieved **26% growth in total new annualized premiums (NAP)** and reported an **operating return on equity (ROE) of 12.1%** for the quarter.  **[1224608_20251103DE13891:0]** 
- CNO is increasing its 2027 ROE target by **50 basis points** and returned **$76.4 million** to shareholders during Q3 2025.  **[1224608_20251103DE13891:0]** 
- Strategic initiatives include exiting the fee services side of its Worksite Division, which is expected to **increase annual pre-tax income by roughly $20 million**, and executing a second reinsurance transaction for **$1.8 billion** of inforce supplemental health statutory reserves.  **[1224608_20251103DE13891:0]** 
- Book value per share was **$27.24** at September 30, 2025, with book value per diluted share, excluding accumulated other comprehensive loss, at **$38.10**, up 6%.  **[1224608_20251103DE13891:0]** **[1224608_20251103DE13891:6]**

CNO Financial Group Reports Third Quarter 2025 Results

CNO Financial Group (CNO)