CARMEL, Ind., April 10, 2014 /PRNewswire/ -- CNO
Financial Group, Inc. (NYSE: CNO) , the holding company for several
national life and health insurers that serve middle-income working
Americans and retirees, earned a place on the prestigious
Forbes 2014 list of the 50 Most Trustworthy Financial
Companies in America.
CNO Financial Group earned a top 50 score for trustworthy
conduct over the four quarters of the previous fiscal year.
"We are proud of this ranking that recognizes our responsible
governance, transparent reporting and disciplined risk management,"
said Ed Bonach, CEO of CNO Financial
Group. "In recent years, we have focused on reducing our risk
profile, while profitably growing the company. We value and work
diligently to earn the trust of our stakeholders."
In 2013, CNO Financial Group's stock price rose by nearly 90%,
well above that of its peers and the industry. Since the beginning
of 2012, the company has received seven ratings upgrades from key
ratings agencies: Moody's Investors Service, Standard & Poor's,
Fitch Ratings and A.M. Best.
To determine the list of the 50 most trustworthy financial
institutions, Forbes engaged GMI Ratings to review publicly
traded banks and insurance companies in North America. GMI considered factors such as
high-risk events, revenue and expense recognition methods, SEC
actions and bankruptcy risk to determine "Aggressive Accounting and
Governance Risk" (AGR) scores that reflect a company's
credibility.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) is a holding company.
Our insurance subsidiaries – principally Bankers Life and Casualty
Company, Colonial Penn Life Insurance Company and Washington
National Insurance Company – primarily serve middle-income
pre-retiree and retired Americans by helping them protect against
financial adversity and provide for a more secure retirement.
For more information, visit CNO online at www.CNOinc.com.
SOURCE CNO Financial Group, Inc.