Cno Financial Group, Inc. · NYSE:CNO
Cno Financial — Investor Presentation (April 2015)
28 slides from Cno Financial's investor presentation, Apr 7, 2015
Slide 1: Corporate Governance Overview
Corporate Governance Overview April 2015 Exhibit 99.1
Slide 2: The Opportunity: CNO – Invested in Middle-Income America
CNO Financial Group | Corporate Governance Overview | April 2015 2 65mm Households in the Middle-Income Market The Opportunity CNO – Invested in Middle-Income America ~30% Uninsured* Large Middle market consumers comprise approximately 53% of the U.S. population – US Census Data and LIMRA 2014 Und
Slide 3: How to Succeed in the Middle-Market
CNO Financial Group | Corporate Governance Overview | April 2015 3 How to Succeed in the Middle-Market Strategic alignment required to succeed in the middle market Distribution Products & Advice Operations & Administration 72% of middle-market consumers want to speak with professionals about at le
Slide 4: Track Record of Execution
CNO Financial Group | Corporate Governance Overview | April 2015 4 Track Record of Execution Proactive Management Actions Resulting in Stock Price Outperformance *Conseco Life Insurance Company 75% 100% 125% 150% 175% 200% 225% 250% 275% 300% 325% 350% 375% 400% Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Ja
Slide 5: Returning Capital to Shareholders
CNO Financial Group | Corporate Governance Overview | April 2015 5 Returning Capital to Shareholders $69.8 $180.2 $118.4 $319.1 $342.0 $134.2 $57.4 2011 2012 2013 2014 Share Repurchases Convertible/Warrant Repurchases Repurchased equivalent of 112 million shares, leading to a 36% reduction in weig
Slide 6: Proactive Shareholder Engagement
CNO Financial Group | Corporate Governance Overview | April 2015 6 Proactive Shareholder Engagement Management is highly engaged with shareholders and seeks feedback on performance and key issues − Participates in numerous industry events − Began holding Investor Day events in 2012 − Investor acce
Slide 7: Governance Aligned With Shareholder Interests
CNO Financial Group | Corporate Governance Overview | April 2015 7 Governance Aligned With Shareholder Interests Independent, non-classified and highly engaged Board of Directors with a non-executive chairman Ability of shareholders to call a special meeting CNO’s Section 382 shareholder right
Slide 8: Executive Compensation
CNO Financial Group | Corporate Governance Overview | April 2015 8 Executive Compensation CNO’s compensation practices align interests of executives with those of shareholders by rewarding shareholder value creation… Executives subject to minimum stock holding requirements No significant perquis
Slide 9: Risk Appetite
CNO Financial Group | Corporate Governance Overview | April 2015 9 Risk Appetite Effective risk management is a key component of our strategy and culture…we take risks and expect to be appropriately rewarded while seeking to prevent or mitigate unrewarded risks CNO’s Risk Appetite Statement assist
Slide 10: Board Committee Structure
CNO Financial Group | Corporate Governance Overview | April 2015 10 Board Committee Structure* Audit & Enterprise Risk Chairman: Robert C. Greving Governance & Nominating Chairman: Michael T. Tokarz Human Resources & Compensation Chairman: Frederick J. Sievert Investment Chairman: R. Keith Long Ap
Slide 11: Appendix
CNO Financial Group | Corporate Governance Overview | April 2015 11 Appendix
Slide 12: Business Initiatives
CNO Financial Group | Corporate Governance Overview | April 2015 12 Business Initiatives
Slide 13: Bankers Life Initiatives
CNO Financial Group | Corporate Governance Overview | April 2015 13 Bankers Life Initiatives The Opportunity Agent mobile tools and customer relationship management New commissions systems; upgrading branch infrastructure Location expansion Financial planning Distribution Products & Advice O
Slide 14: Washington National Initiatives
CNO Financial Group | Corporate Governance Overview | April 2015 14 Washington National Initiatives The Opportunity Supplemental health -- increasing need; largely untapped market Expanding the worksite model to offer a private exchange, and participate in others Increase size and geographic c
Slide 15: Colonial Penn Initiatives
CNO Financial Group | Corporate Governance Overview | April 2015 15 Colonial Penn Initiatives The Opportunity The Challenge Increased direct competition TV advertising cyclicality Growing direct market Evolving consumer preferences New term & whole life growth (Patriot Program) Web/digit
Slide 16: Investing in Alignment - Office of the Future
CNO Financial Group | Corporate Governance Overview | April 2015 16 Investing in Alignment - “Office of the Future” Marketing & Prospecting Agent Management Meetings & Presentations Illustrations & Applications Underwriting Customer Service Printed Lists, Manual Dialing, Direct-Mail Dependent, Post-
Slide 17: Board of Director Profiles
CNO Financial Group | Corporate Governance Overview | April 2015 17 Board of Director Profiles
Slide 18: Neal C. Schneider
CNO Financial Group | Corporate Governance Overview | April 2015 18 Neal C. Schneider Chairman, CNO Financial Group, Inc. Director since 2003 Neal Schneider (70) joined CNO Financial Group's board of directors in September 2003 and was elected Chairman of the board in May 2011. He serves as chairper
Slide 19: Edward J. Bonach
CNO Financial Group | Corporate Governance Overview | April 2015 19 Edward J. Bonach Chief Executive Officer Director since 2011 Ed Bonach (61) was appointed chief executive officer and a director of CNO Financial Group in October 2011. He serves as a member of the Executive Committee and the Invest
Slide 20: Ellyn L. Brown
CNO Financial Group | Corporate Governance Overview | April 2015 20 Ellyn L. Brown Retired Principal of Brown & Associates Director since 2012 Ellyn Brown (65) joined CNO Financial Group's board of directors in May 2012. She serves as a member of the Governance and Nominating Committee and the Human
Slide 21: Robert C. Greving
CNO Financial Group | Corporate Governance Overview | April 2015 21 Robert C. Greving Retired EVP, Chief Financial Officer & Chief Actuary, Unum Group Director since 2011 Robert Greving (63) joined CNO Financial Group’s board of directors in May 2011. He serves as chairperson of the Audit and Enterp
Slide 22: Mary R. (Nina) Henderson
CNO Financial Group | Corporate Governance Overview | April 2015 22 Mary R. (Nina) Henderson Managing Partner of Henderson Advisory Director Since 2012 Nina Henderson (64) serves as a member of the Audit and Enterprise Risk Committee and the Investment Committee. She is the managing partner of Hende
Slide 23: Charles J. Jacklin
CNO Financial Group | Corporate Governance Overview | April 2015 23 Charles J. Jacklin Retired Chief Executive Officer, Mellon Capital Management Corporation Director Nominee Charles Jacklin, 60, has more than 30 years of finance and investment experience. He served as Chief Executive Officer and Pr
Slide 24: R. Keith Long
CNO Financial Group | Corporate Governance Overview | April 2015 24 R. Keith Long President and Chief Executive Officer of Otter Creek Management, Inc. Director since 2009 (Retiring Effective May 6, 2015) R. Keith Long was elected to CNO Financial Group's board in May 2009. He serves as chairperson
Slide 25: Daniel R. Maurer
CNO Financial Group | Corporate Governance Overview | April 2015 25 Daniel R. Maurer Retired Executive, Intuit, Inc. Director Nominee Daniel Maurer, 58, was a member of the senior management team at Intuit Inc. from 2006 until 2014. In his most recent role at Intuit, he oversaw the Small Business So
Slide 26: Frederick J. Sievert
CNO Financial Group | Corporate Governance Overview | April 2015 26 Frederick J. Sievert Retired President of New York Life Insurance Company Director since 2011 Frederick Sievert (67) joined CNO Financial Group’s board of directors in May 2011. He serves as chairperson of the Human Resources and Co
Slide 27: Michael T. Tokarz
CNO Financial Group | Corporate Governance Overview | April 2015 27 Michael T. Tokarz Chairman, MVC Capital, Inc. Director since 2003 Michael Tokarz (65) joined CNO Financial Group's board of directors in September 2003. He serves as chairperson of the Governance and Nominating Committee and as a me
Slide 28: John G. Turner
CNO Financial Group | Corporate Governance Overview | April 2015 28 John G. Turner Chairman, Hillcrest Capital Partners Director since 2003 (Retiring Effective May 6, 2015) John Turner joined CNO Financial Group’s board of directors in September 2003. He serves as a member of the Human Resources and
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