CNO sees higher earnings, revenue in latest quarter

July 28, 2014

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.


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