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CNO Financial Group tops Wall Street quarterly forecast

April 26, 2017

CNO Financial Group Inc. on Wednesday reported first-quarter profit that topped the forecasts of Wall Street experts.

The Carmel-based company realized a profit of $62.3 million, or 36 cents per share, up from $45.5 million, or 25 cents per share, in the same quarter of 2016.

Earnings, adjusted for non-recurring gains, were 34 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for adjusted earnings of 31 cents per share.

The insurance holding company posted revenue of $1.07 billion in the period, up from $960.4 million a year ago.

CNO shares have climbed roughly 8 percent since the beginning of the year, closing Wednesdat at $20.60 each.

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