The 8% guidance raise and 45% YoY operating EPS growth confirm strong momentum. Traders should watch the July 31 conference call for details on sales trends and capital deployment plans. The $300.4M remaining buyback authorization provides a floor for the stock.
Price Chart
Executive Summary
CNO Financial Group reported Q2 2026 net operating income of $1.26 per diluted share, up 45% YoY, and raised full-year 2026 operating EPS guidance by 8% at the midpoint. The quarter featured record sales in the Worksite division and annuity collected premiums, with operating ROE excluding significant items at 13.1%. The beat and guidance raise signal strong underlying fundamentals and consistent execution in the insurance and annuity business.
Key Financial Metrics
Key Facts
- Net operating income per diluted share was $1.26 in Q2 2026, up 45% from $0.87 in Q2 2025.
- Full-year 2026 operating EPS guidance raised by 8% at the midpoint.
- Total new annualized premiums (NAP) up 7% YoY, extending insurance sales growth to 16 consecutive quarters.
- Operating ROE excluding significant items was 13.1% for the trailing four quarters.
- Company repurchased $60.0 million of common stock in Q2 2026 at an average cost of $46.57 per share.
- Book value per diluted share excluding AOCI was $39.92, up 5% from $38.05 a year ago.
- Consolidated statutory RBC ratio estimated at 377% at June 30, 2026.
Financial Impact
Net operating income of $119.5M in Q2 2026, up 37% from $87.5M in Q2 2025. Operating EPS of $1.26 beat consensus of $0.97 by 29.9%.
Risk Factors
- Interest rate volatility impacting investment income and book value.
- Execution risk on TechMod technology modernization initiative ($9.7M expense in Q2).
- Potential for adverse claims experience in health and life insurance lines.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302839444 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $54.71 | awaiting T+20 | — | $54.20 (−0.93%) |
Sep 2, 2026 7w ago | Insider Cluster | $56.72 $53.86 | ▼ −5.04% | ▼ −4.59% | $54.20 (−4.44%) |
Sep 1, 2026 7w ago | 8-K | $54.54 $53.28 | ▼ −2.31% | ▼ −3.49% | $54.20 (−0.62%) |
Aug 5, 2026 11w ago | Press Release | $55.48 $56.72 | ▲ +2.23% | ▲ +1.64% | $54.20 (−2.31%) |
Jul 30, 2026 12w ago | Press Release | $55.09 $55.37 | ▲ +0.51% | ▼ −2.48% | $54.20 (−1.62%) |
Jul 1, 2026 16w ago | Insider Cluster | $52.43 $55.09 | ▲ +5.07% | ▲ +4.77% | $54.20 (+3.38%) |
Mar 26, 2026 30w ago | DEFA14A | — | awaiting T+20 | — | — |
US Market Status
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