CNO Financial Group
(NYSE: CNO)
12.87
+0.07
+0.55%
+0.07
+0.55%
MORE ON CNO
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | CNO Financial Group, Inc. |
| Industry: | Insurance - Life |
| Employees: | 3,800 |
DESCRIPTION
| CNO Financial Group, Inc was incorporated in 1979. It is the holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company manages its business through the following: three main operating segments, Bankers Life, Colonial Penn and Conseco Insurance Group, which are defined on the basis of product distribution, and corporate operations, which consists of holding company activities and certain non-insurance company businesses that are not part of its other segments. The Company sells its products through three main distribution channels: career agents, professional independent producers and direct marketing. The Company's insurance subsidiaries collectively hold licenses to market its insurance products in all fifty states, the District of Columbia, and certain protectorates of the United States. Bankers Life, which consists of the business of Bankers Life and Casualty Company, markets and distributes Medicare supplement insurance, life insurance, long-term care insurance, Medicare Part D prescription drug program, Medicare Advantage products and certain annuity products to the senior market through approximately 5,600 career agents and sales managers. Bankers Life and Casualty Company markets its products under its own brand name and Medicare Part D and Medicare Advantage products mainly through marketing agreements with Coventry Health Care. Colonial Penn, which consists of the business of Colonial Penn Life Insurance Company, markets mainly graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Colonial Penn markets its products under its own brand name. Conseco Insurance Group, which markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite. These products are marketed through Performance Matters Associates, Inc., a wholly owned subsidiary, and through independent marketing organizations and insurance agencies. Products being marketed by Conseco Insurance Group are underwritten by Conseco Insurance Company, Conseco Health Insurance Company and Washington National Insurance Company. This segment also includes blocks of long-term care and other insurance business, in these companies and in Conseco Life Insurance Company. The Company's business is subject to extensive regulation, which limits its operating flexibility and could result in its insurance subsidiaries being placed under regulatory control or otherwise negatively impact its financial results. |
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