CNO to Change Corporate Structure
January 22, 2020 by Allison Bell
CNO Financial Group Inc. says it will be changing the structure it uses to run its business, and changing the way how it tells shareholders about its performance.
The Carmel, Indiana-based insurer announced Tuesday that, starting with the first quarter of 2020, it will have just two business divisions: a consumer division, and the rest in a worksite division.
In recent years, the company has had three operating segments: the Bankers Life segment, the Washington National segment, and the Colonial Penn segment.
CNO sells products such as life insurance, Medicare supplement insurance, annuities, and supplemental health insurance products. Its Bankers Life unit continues to write some long-term care insurance and short-term care insurance.
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