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CNO sees higher profit, revenue in fourth quarter

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CNO Financial Group Inc. on Tuesday announced improved profit and revenue in the fourth quarter.

The Carmel-based insurance company reported profit of $106 million, or 47 cents per share, up from $101.2 million, or 41 cents per share, in the same quarter of 2012.

Revenue increased to $1.16 billion from $1.06 billion.

Operating earnings for the quarter were $75.4 million, or 33 cents per share, exceeding the expectations of 10 analysts polled by Thomson Reuters by 4 cents per share.

On a yearly basis, CNO had a profit of $478 million, or $2.06 per share, in 2013, compared with $221 million, or 83 cents per share, in 2012. Revenue rose to $4.47 billion from $4.34 billion

CNO health and life insurance subsidiary Washington National reported sales from new premiums of $26.2 million in the fourth quarter, up 15 percent from the previous year.

Life insurance unit Colonial Penn had sales from new premiums of $14 million in the fourth quarter, up 3 percent from the previous year.

CNO shares closed at $17.28 Tuesday prior to the earnings announcement, up 26 cents on the day.
 

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

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