CNO Financial Group Inc (NYSE:CNO)’s Focus On Developing & Administering Health Insurance


Dallas, Texas 11/04/2013 (Financialstrend) – In Friday’s trading, CNO Financial Group Inc (NYSE:CNO) dropped by 0.13%. The opening price of the shares was $15.58, which climbed to an intraday high of $15.66 and dipped to a close of $15.56. Approximately 1.79 million shares were traded on Friday while an average volume of 1.53 million shares were traded over a 30 day period. The 52-week low of CNO Financial Group Inc (NYSE:CNO) shares is $8.26 and its 52-week high is $15.73. The company has a market capitalization of $3.45 billion.

About the company

CNO Financial Group Inc (NYSE:CNO) was incorporated in 1979. It is a holding-company for a group of insurance-companies that operate across the United States. It is involved in developing, marketing and administering health insurance, annuity, individual life-insurance & other insurance products. Its products are sold via 3 distribution channels: 1- career agents, 2- independent producers and 3- direct marketing. CNO Financial Group Inc (NYSE:CNO)’s operating-segments include Washington National, Bankers Life and Colonial Penn. These are defined by product distribution;

Other CNO Business, & corporate operations, are made up of holding company activities & noninsurance-company businesses. In 2012 January, CNO Financial Group Inc (NYSE:CNO) opened OurClinic@Carmel.

Via Bankers Life it markets & distributes Medicare supplement-insurance, interest-sensitive life insurance, traditional-life insurance, fixed annuities & care insurance products to middle-income senior markets. The company’s Bankers Life segment covers the business of Bankers Life & Casualty Company Bankers Life is also engaged in marketing and distributing Medicare Advantage plans via a distribution-agreement with Humana, Inc & Medicare Part D prescription-drug plans via a distribution &  reinsurance-arrangement with Coventry Health Care. Via Washington National, the company markets & distributes supplemental health and life insurance to the middle-income consumers at home & at the worksite. These products are marketed via Performance Matters Associates, Inc, a 100%-owned subsidiary, and via independent marketing-organizations & insurance agencies.

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