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CNO Financial's (CNO) Numerous Initiatives to Bring Growth

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On Sep 2, 2016, we issued an updated research report on CNO Financial Group, Inc. CNO.

The company is continuously making investments in growth and efficiency. These include new products to better serve customers, changes in agent recruiting process and enhancements in customer experience.

On the product front, CNO Financial recently announced a guaranteed lifetime income annuity. Recently, the company announced the launch of its wholly owned broker dealer, Bankers Life Securities Inc., and registered investment advisor, Bankers Life Advisory Services Inc. With these units, the company will be able to better serve its middle-market customers' needs, continue to expand nd build its advisor base. The company also invests in technology and is focusing on the Washington National’s ONE SOURCE platform which is aimed at providing fully integrated application and enrollment. Providing more options for customer interaction and service has helped the company to enhance customer experience.

Also CNO Financial's execution of its strategic business plan by exiting and de-emphasizing non-core product lines through divestiture and reinsurance and recapitalization of its debt structure have helped it to generate returns. Its ongoing expense management also bodes well.

Moreover, the diversification of the company’s business models enables it to adapt to changing environments. The segments Bankers Life and Colonial Pen continue to perform well, but weakness is palpable in Washington National.

CNO FINL GRP Price and Consensus

CNO FINL GRP Price and Consensus | CNO FINL GRP Quote

CNO Financial’s balance sheet remains strong with consolidated risk-based capital of 448% as of Jun 30, 2016. Leverage was 19.9% and cash and investments at the holding company totaled $376 million.

CNO Financial carries a Zacks Rank #3 (Hold). Some better-ranked players in the space are Humana Inc. (HUM - Free Report) , UnitedHealth Group Inc. UNH and Cincinnati Financial Corp. CINF. While Humana sports a Zacks Rank #1 (Strong Buy), the other two stocks carry a Zacks Rank #2 (Buy).

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