CARMEL,
Ind., Nov. 16, 2023 /PRNewswire/ -- CNO
Financial Group (NYSE: CNO) announced that Fitch Ratings has
upgraded the insurer financial strength (IFS) of the company's
insurance operating subsidiaries to A from A-. Fitch also upgraded
the Long-Term Issuer Default Rating of CNO to BBB+ from BBB. CNO's
rating outlook is stable.
Fitch stated, "The ratings upgrade reflects sustained
improvement in CNO's earnings performance over recent periods
driven by the company's diversified earnings mix and stable
insurance product margins. Additionally, the current higher
interest rate environment is expected to further support strong
operating results."
"We are pleased that Fitch recognized our solid operating
performance, strategically focused business profile and our strong
capital position in our upgraded financial strength rating," said
Gary C. Bhojwani, chief executive
officer. "We continue to be well-positioned to deliver on our
strategic priorities and drive profitable growth."
CNO's life and insurance subsidiaries include Bankers Life and
Casualty Company (Bankers Life), Washington National Insurance
Company, Colonial Penn Life Insurance Company (Colonial Penn), and
Bankers Conseco Life Insurance Company.
For more information, refer to the Fitch Ratings press
release.
About CNO Financial Group
CNO Financial Group, Inc.
(NYSE: CNO) secures the future of middle-income America. CNO
provides life and health insurance, annuities, financial services,
and workforce benefits solutions through our family of brands,
including Bankers Life, Colonial Penn, Optavise and Washington
National. Our customers work hard to save for the future, and we
help protect their health, income, and retirement needs with 3.2
million policies and $34 billion in
total assets. Our 3,400 associates, 4,600 exclusive agents and more
than 4,000 independent partner agents guide individuals, families
and businesses through a lifetime of financial decisions. For more
information, visit CNOinc.com.
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SOURCE CNO Financial Group, Inc.