Carmel insurer CNO reports $161.1 million quarterly profit

CNO’s October 29 earnings release offers a company-wide financial snapshot of an insurer headquartered in Carmel. For the quarter ended September 30, 2026, it reported $161.1 million in net income, or $1.71 per diluted share; a year earlier, those figures were $23.1 million and $0.24.

An annual actuarial review provided a $44.9 million favorable effect on both net income and the company’s separate operating-income measure. The prior-year comparison also included $96.7 million of goodwill and other asset impairment before tax.

CNO reported non-GAAP net operating income of $179.1 million, or $1.90 per diluted share, versus $127.2 million and $1.29. Its businesses include life and health insurance, annuities and financial services. The figures are unaudited and cover the whole company.

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SOURCE STATUS: One-source report; independent confirmation pending.