CNO Financial Group To Buy Back Additional $300 Mln Of Stock - Quick Facts

(RTTNews) - CNO Financial Group, Inc. (CNO) announced that its Board has approved an additional $300 million to repurchase the company's outstanding common stock and warrants.

As of September 30, 2013, CNO had repurchased $221.6 million of securities in 2013 at an average price of $11.84 per share and had remaining repurchase capacity under the buyback program of approximately $128 million.

In addition, the company is providing the securities repurchase guidance. The company expects full year 2013 repurchases in the $250 million range The company anticipates 2014 repurchases to be $225 million to $300 million range.

The company said it will provide additional information and other select 2014 guidance during the 2014 Outlook conference call today at 2:00 p.m. (EST).