Bull of the Day: CNO Financial
by Zacks Equity ResearchJanuary 18, 2013 | Comments : 0 Recommended this article: (0)
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However, high financial leverage and constantly deteriorating Bankers Life segment results are the downsides. The company's third-quarter earnings surpassed the Zacks Consensus Estimate and the year-ago numbers on the back of favorable trends in annuity spreads, improved top line and benefit ratios and better investment results.
Improved credit ratings, strong investment portfolio and declining expenses are the other positives. Although underwriting and pricing challenges remain primary concerns, increasing new business volume and cost containment measures are expected to support the bottom line in the long run.
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