CNO Financial Posts Q1 Loss On Conseco Life Deal - Quick Facts

(RTTNews) - CNO Financial Group, Inc. (CNO) reported a first-quarter net loss of $228.0 million or $1.03 per share, compared to profit of $11.9 million or $0.05 per share, previous year. The company noted that its net loss for the first-quarter was driven by the loss of $298.0 million, or $1.35 per share, from the previously announced transaction to sell 100% of the common stock of Conseco Life Insurance Company. Operating earnings was $59.9 million, or $0.27 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $1.08 billion from $1.14 billion, previous year. Analysts expected revenue of $1.01 billion for the quarter.