Summary: Strategic Audit CNO Financial

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Strategic Audit CNO Financial
Current Situation
Current Performance Bankers Life and Casualty, Washington National, and Colonial Penn insurance companies are the main divisions operating under the parent company of CNO Financial. CNO Financial reported revenue earnings of $3.8 billion in 2015, which was a decrease from the previous year growth of $4.1 billion. However, quintupling net income of 2014 of $51.4 million to an astonishing $270.7 million shows a superior performance over the previous year. CNO Financial carries operating earnings of $275 million in 2015, which is an increase from the previous year of $259 million (CNO Financial Group, n.d.). Continually improving market share within the middle market is a focus for CNO Financial.
Strategic Posture The mission statement for CNO Financial states their goal is for “Providing financial security for the life, health, and retirement needs of Middle America” (CNO Financial Group, n.d.). CNO Financial clearly states their intentions for improving middle-income America. CNO Financial is completing their objective by securely investing clients’ financials while
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Bruce Baude is an Executive Vice President, Chief Operations, and Technology Officer while Gary C. Bhojwani operates as President of CNO Financial Group. Edward J. Bonach is the Chief Executive Officer, Scott L. Goldberg is President of Bankers Life, and Erick Helding is the Chief Financial Officer. Eric R. Johnson is Chief Investment Officer and President of 40|86 Advisors, Inc. while John R. Kline is a Senior Vice President and Chief Accounting Officer. Susan L. Menzel is Executive Vice President and Human Resources, Gerardo Monroy is President of Colonial Penn, and Christopher J. Nickele is an Executive Vice President and Chief Actuary. Barbara S. Stewart is President of Washington National, and Matthew J. Zimpfer is an Executive Vice President and General

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