CNO sees higher earnings, revenue in latest quarter

CNO Financial Group Inc. on Monday reported an uptick in profit and revenue in the second quarter.

The Carmel-based firm earned $78.1 million or 35 cents per share, compared with profit of $77.1 million or 34 cents per share, in the same period of 2013.

Revenue was $1.09 billion, compared with $1.08 billion a year ago.

CNO is the parent company of Bankers Life, Washington National and Colonial Penn insurance companies.

"CNO's middle-income market focus and ability to serve our customers continue to drive solid growth in revenues and profitability," CNO CEO Ed Bonach said in a prepared statement.  "Our investments in agent productivity, branch and geographic expansion, new product development, operating efficiencies and the customer experience are delivering results and driving growth above industry norms."

CNO stock rose 3 cents in after-market trading, to $17.18 per share.
 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.