CNO Financial Group, Inc. (“CNO”) focuses on serving middle-income pre-retiree and retired Americans. CNO sell our products through exclusive agents, independent producers and direct marketing under three primary brands: Bankers Life, Washington National and Colonial Penn. For the year ended December 31, 2020, CNO had total revenues of $3.8 billion and net income of $301.8 million.
CSG Actuarial provides a summary of key Medicare Supplement-specific information from their 10K filing for the year ended December 31, 2020.
CNO Financial Group, Inc. Medicare Supplement $ in Millions
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Policy Revenue | $754.7 | $773.0 | $787.0 |
| Premiums Collected: | |||
| Medicare Supplement (first-year) | $54.2 | $60.2 | $61.9 |
| Medicare Supplement (renewal) | $696.3 | $715.8 | $720.2 |
| Key Metrics: | |||
| Persistency (based on inforce) | 83.4% | 84.5% | 85.2% |
| Medical Benefit Ratio | 66.9% | 74.5% | 74.8% |
Source: Company 10K