CNO Financial Group, Inc. announced that the board of directors has approved an increase in the quarterly dividend to $0.03 per share on the company's common shares. The dividend will be payable June 24, 2013, to shareholders of record at the close of business on June 10, 2013. This quarterly rate represents an annualized dividend of $0.12 per share, which equates to a yield of approximately 1% based on the company's stock price at the close of trading on the New York Stock Exchange on May 7, 2013. Future cash dividends will be subject to Board approval.

CNO Financial Group, Inc. announced that it is seeking to amend its senior secured credit facility to reduce the interest rate and make other changes to provide additional financial flexibility. The facility consists of a $250 million four-year term loan which currently has an interest rate of LIBOR plus 325 basis points, with a LIBOR floor of 100 basis points (current interest rate of 4.25%) and has an outstanding principal balance of $225 million, and (ii) a $425 million six-year term loan which currently has an interest rate of LIBOR plus 375 basis points, with a LIBOR floor of 125 basis points (current interest rate of 5.00%) and has an outstanding principal balance of approximately $406 million.

CNO Financial Group, Inc. announced unaudited consolidated earnings results for the first quarter March 31, 2013. For the quarter, the company reported net income of $11.9 million, or 5 cents per diluted share against net income of $59.1 million or 21 cents per diluted share a year ago. Operating earnings was $49.7 million or 21 cents per diluted share against $40.6 million or 15 cents a year ago. Total revenues were $1,142.6 million against $1,123.9 million a year ago. Income before income taxes was $34.6 million against $92.3 million a year ago. EBIT was $92.7 million against $81.3 million a year ago. Net income was impacted by the loss on extinguishment of debt of $57.2 million from the completion of tender offer to repurchase a portion of 7.0% Convertible Senior Debentures. The corresponding GAAP measures for book value per common share were $22.50 and $22.80 at March 31, 2013 and December 31, 2012, respectively. Based on company’s continued expectation to generate strong statutory earnings and excess capital, the company anticipates total year dividend payments to the holding company of $250 million to $300 million in 2013. CNO Financial Group, Inc. announced unaudited consolidated earnings results for the first quarter March 31, 2013. For the quarter, the company reported net income of $11.9 million, or 5 cents per diluted share against net income of $59.1 million or 21 cents per diluted share a year ago. Operating earnings was $49.7 million or 21 cents per diluted share against $40.6 million or 15 cents a year ago. Total revenues were $1,142.6 million against $1,123.9 million a year ago. Income before income taxes was $34.6 million against $92.3 million a year ago. EBIT was $92.7 million against $81.3 million a year ago. Net income was impacted by the loss on extinguishment of debt of $57.2 million from the completion of tender offer to repurchase a portion of 7.0% Convertible Senior Debentures. The corresponding GAAP measures for book value per common share were $22.50 and $22.80 at March 31, 2013 and December 31, 2012, respectively. Total sales were up 3%, primarily due to an 11% increase in life insurance sales products. Based on company’s continued expectation to generate strong statutory earnings and excess capital, the company anticipates total year dividend payments to the holding company of $250 million to $300 million in 2013. For the year 2013, the company expects loss of $5 million to $10 million pretax. Earnings before interest and taxes in the $5 million to $20 million range for 2013. The company expects to invest $80 million to $85 million in strategic business initiatives over the next 3 years.