CNO Financial Group, Inc. (CNO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'd like to hand it over to our host, Adam Orville. The floor is yours. Good morning. Thank you for joining us on CNO Financial Group's first quarter 2025 earnings conference call. Today's presentation will include remarks from Gary Bajwani, Chief Executive Officer, and Paul McDonough, Chief Financial Officer. Following the presentation, we will also have other business leaders available for the question and answer periods. During this conference call, we will be referring to information contained in yesterday's press release. You could obtain the release by visiting the media section of our website at cnoinc.com. This morning's presentation is also available in the investor section of our website and was filed in a form 8K yesterday. Let me remind you that any forward-looking statements we make today are subject to a number of factors which may cause actual results to be materially different than those contemplated by the forward-looking statements. Today's presentation contains a number of non-GAAP measures, which should not be considered a substitute for the most directly comparable GAAP measures. You'll find a reconciliation of the non-GAAP measures to the corresponding GAAP measures in the appendix. Throughout the presentations, we'll be making performance comparisons. And unless otherwise specified, any comparisons made will refer to changes between first quarter 2025 and first quarter 2024. And with that, I'll turn the call over to Gary. Good morning, everyone, and thank you for joining us. CNO is off to a solid start in the quarter, building on strong 2024 performance. Our first quarter results enable us to reaffirm our full-year 2025 and three-year ROE guidance. Operating earnings per diluted share were 79 cents, up 52%, and 74 cents, up 42%, excluding signi...