CNO Financial Group, Inc. (CNO) Wednesday said first-quarter profit plunged to $11.9 million or $0.05 per share from $59.1 million or $0.21 per share in the comparable quarter last year. First-quarter results were significantly impacted by the loss of $57.2 million on extinguishment of debt relating to a tender offer to repurchase a portion of 7.0 percent convertible senior notes.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved to $1.14 billion from $1.12 billion last year. Analysts expected revenues of $1.06 billion.
Net realized investment gains, excluding impairment losses, amounted to $15.3 million, compared to $30.8 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.