g***t
发帖数: 1279 | 1 CNO Reports Third Quarter 2011 Net Income of $196.0 Million, or 66 Cents Per
Share
44 minutes ago - PR Newswire via Comtex
PR NewswireCNO Financial Group, Inc. (NYSE: CNO) today announced results for
the third quarter of 2011. "CNO continued to generate earnings growth, with
business segment operating earnings increasing 16%," said CEO Ed Bonach. "
Net income in the quarter was $196.0 million, almost a fourfold increase
from the third quarter of 2010 and our investment results were solid despite
the low interest rate environment," Bonach said.
"Our net income was driven in part by the release of $143 million of tax
valuation allowance, enabled by our improved financial performance as our
franchise continues to grow through both sales and earnings," Bonach said. "
CNO's capital strength also remained strong, with growth in both our
statutory capital and risk-based capital ratio," he added.
"CNO's third quarter sales grew in all three of our segments that actively
market business," COO Scott Perry said. "Overall, sales increased by 8% year
-over-year, with sales at Bankers Life and Colonial Penn each increasing 10%
. Sales at Washington National grew by 3%," Perry said.
The Corporate Operations segment and the non-operating results for 3Q11 were
negatively impacted by mark-to-market accounting requirements which
reflected the financial environment that existed at the end of the quarter.
Third Quarter Results
Net income increased to $196.0 million, compared to $49.4 million in 3Q10
Net income per diluted share of 66 cents, compared to 17 cents in 3Q10
$96.1 million of income before net realized investment gains, corporate
interest and taxes ("EBIT") (1), up 2% compared to $93.8 million in 3Q10
Net operating income (2) of $46.5 million, down 1% compared to $47.1 million
in 3Q10
Net operating income per diluted share: 17 cents, compared to 16 cents in
3Q10
Total new annualized premium ("NAP") excluding Private-Fee-For-Service ("
PFFS") and Prescription Drug Plan ("PDP") (3): $94 million, up 8% from 3Q10
Nine-Month Results
Net income increased to $309.4 million, compared to $116.4 million in the
first nine months of 2010
Net income per diluted share of $1.05, compared to 42 cents in the first
nine months of 2010
$305.7 million of income before net realized investment gains, corporate
interest and taxes ("EBIT") (1), up 16% compared to $262.7 million in the
first nine months of 2010
Net operating income (2) of $155.9 million, up 20% compared to $130.2
million in the first nine months of 2010
Net operating income per diluted share: 55 cents, compared to 46 cents in
the first nine months of 2010
NAP excluding PFFS and PDP (3): $272 million, up 1% from the first nine
months of 2010
Financial Strength at September 30, 2011
The consolidated statutory risk-based capital ratio of our insurance
subsidiaries increased 8 percentage points to 359% in 3Q11, driven by
improved asset quality and statutory earnings of $65.5 million partially
offset by $27.4 million of dividend payments to our holding company
Unrestricted cash and investments held by our non-insurance subsidiaries
decreased by $65.1 million to $168.9 million during 3Q11, primarily
reflecting $39.5 million for share repurchases and $39.5 million of
commensurate prepayment of debt, as well as $25.0 million early payment on
the Senior Health Note. These outflows were partially offset by the
aforementioned dividend payments, surplus debenture interest and management
and investment fees
Debt-to-total capital ratio, as defined in our senior secured credit
facility (4), reduced to 18.0% from 20.0% at December 31, 2010
Book value per common share, excluding accumulated other comprehensive
income (loss) (5), increased to $17.89 from $16.28 at December 31, 2010 | g***t
发帖数: 1279 | 2 不知道葛老如今何在啊。
唉。俱乐部的元老，老ID就剩师傅一个了。做股票的做后都被外婆了。 | K********g
发帖数: 9389 | 3 师傅也快不行了，呵呵呵
【在 g***t 的大作中提到】
: 不知道葛老如今何在啊。
: 唉。俱乐部的元老，老ID就剩师傅一个了。做股票的做后都被外婆了。
| L*********n
发帖数: 1225 | 4 做股票的都被外婆了?!
Is this statement really true?
Then why we keep fooling around here? Maybe I should stop hanging around
from now on!
【在 g***t 的大作中提到】
: 不知道葛老如今何在啊。
: 唉。俱乐部的元老，老ID就剩师傅一个了。做股票的做后都被外婆了。
| b*****h
发帖数: 141 | 5 我也半年多没有他的消息了，他说今年因为sting bug 原因瓜田嵌收。
据说基本上还是那几个股。没有赚到什么钱，特别是bzh，让他亏了不少。
Per
for
with
despite
【在 g***t 的大作中提到】
: CNO Reports Third Quarter 2011 Net Income of $196.0 Million, or 66 Cents Per
: Share
: 44 minutes ago - PR Newswire via Comtex
: PR NewswireCNO Financial Group, Inc. (NYSE: CNO) today announced results for
: the third quarter of 2011. "CNO continued to generate earnings growth, with
: business segment operating earnings increasing 16%," said CEO Ed Bonach. "
: Net income in the quarter was $196.0 million, almost a fourfold increase
: from the third quarter of 2010 and our investment results were solid despite
: the low interest rate environment," Bonach said.
: "Our net income was driven in part by the release of $143 million of tax
| g***t
发帖数: 1279 | | g***t
发帖数: 1279 | |
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