All Posts Tagged With: "CNO"
(CNO) CNO Financial Group Reaches Settlement
Conseco Life Insurance Company (“Conseco Life”), a subsidiary of CNO Financial Group, Inc. (CNO), reached a settlement to pursue with the Nicholas putative class action lawsuit.
The litigation...
(CNO) CNO Financial Group – Bear of the Day
We have downgraded our recommendation on CNO Financial Group (CNO) to Underperform based on the continuous deterioration in the premium revenue of its Bankers Life segment, coupled with the significant underwriting...
(CNO) CNO Financial Group – Bear of the Day
We are downgrading our recommendation on CNO Financial Group (CNO) to Underperform based on the continuous deterioration in the premium revenue of its Bankers Life segment, coupled with the significant underwriting...
(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from...
(AIZ) Assurant Suffers High Catastrophe Loss – Hurts Second Quarter Earnings
Assurant Inc. (AIZ) has reported second quarter 2011 operating earnings of 76 cents per share, missing the Zacks Consensus Estimate by 8 cents and significantly lagging the prior-year quarter’s earnings...
(CNO) CNO Financial Group Financial Buys Back Shares
CNO Financial Group Inc. (CNO) had spent $16.2 million to buy back 2.2 million shares in the second quarter of 2011. The shares repurchased were made under the repurchase program announced on May 16, 2011....
(AIZ) Assurant Closes Reinsurance Deal
Yesterday, Assurant Specialty, a unit of Assurant Inc. (AIZ) has announced its comprehensive catastrophe (CAT) reinsurance program so as to shield itself from losses in 2011 that looms ahead as an above-average...
(RAA) Insurance Industry Stock Update – May 2011 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to some extent in recent quarters. Though the market turmoil forced many companies to take immense write-downs,...
(CNO) Conseco Reports Earnings And Misses by a Nickel
Conseco, Inc’s (CNO) fourth-quarter operating earnings of 15 cents per share were a nickel short of the Zacks Consensus Estimate of 20 cents. The results were also down 16.7% from the operating earnings...
(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(DFG) Delphi Financial Group Sees Rating Action
Last Friday, rating agency A.M. Best assigned a rating of “bbb” to Delphi Financial Group Inc.’s (DFG) latest $250 million, 7.875% senior unsecured notes, with a negative outlook. The ratings of...
(DFG) Delphi Financial Group Issues $250 Million of Senior Notes
Delphi Financial Group Inc. (DFG) announced yesterday the issuance of $250 million of its 7.875% senior unsecured notes.
The net proceeds from this offering will be used for general corporate purposes...
(CNO) Conseco Offers Common Stock to Pay Down Debt
Conseco Inc. (CNO) said on Monday that it has commenced an offering of 45 million shares of common stock primarily to help pay down debt.
The company plans to grant the underwriters a 30-day option...
(CNO) Conseco Offers 2010 Earnings Guidance
Conseco Inc. (CNO) offered its earnings guidance for full year 2010 on Tuesday. The company expects net operating income in the range of 55 to 65 cents a share in 2010. The estimated earnings per share are...
(SWY) Safeway Expands Board of Directors
Safeway Inc. (SWY), the third-largest supermarket chain in North America, recently appointed Arun Sarin and Michael S. Shannon to its Board of Directors, expanding the number of members from 10 to 12. With these appointments, management brings on board some...
(CNO) Class Action Suits Against Conseco
Class Action Suits Against Conseco
A number of law firms have filed a class action lawsuit against Conseco Inc. (CNO) on behalf of purchasers of its common stock between August 4, 2005 and March 17, 2008.
Shalov...