by: Wes Mills, Inside INdiana Enterprise
Posted: / Up to date:
CARMEL (Inside INdiana Enterprise) Carmel-based CNO Monetary Group Inc. (NYSE: CNO) is reporting a drop in each full-year and fourth-quarter internet earnings from the earlier reporting durations.
The corporate says This fall internet earnings got here in at roughly $112 million, in comparison with $278 million throughout the identical interval a 12 months in the past.
For the total 12 months, internet earnings registered roughly $302 million, down from $409 million the earlier 12 months.
In the meantime, additionally introduced it has accomplished the $50 million acquisition of DirectPath LLC, an Alabama-based worker advantages administration agency.
CNO says DirectPath expertise helps staff make knowledgeable profit selections by way of schooling and communication applications.
“With this acquisition, we’re extending our worksite enterprise to considerably broaden our options portfolio, expertise capabilities and distribution attain for the post-COVID office surroundings,” stated Gary Bhojwani, chief govt officer.
To learn the total earnings report, click here.