Current Situation
Current Performance Bankers Life and Casualty, Washington National, and Colonial Penn insurance companies are the main branches operating beneath the umbrella company of CNO Financial. CNO Financial displays a superior performance in sales in 2015 as compared to 2014 per a CNO Financial Group press release. Furthermore, company reported revenue of $3.8 billion was an improvement from the previous year growth while having an 11% operating earnings increase (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 is for providing “financial security for the life, health, and retirement needs of Middle …show more content…
The combined peacefulness is due to the outcome of a secured financial future, which completes the internal environment for CNO financial while furnishing the external environment (Mondy, 2016, p. 5). Furthermore, the internal and external environments are in alignment with CNO Financials corporate, business, and functional objectives. The goal of the CNO financial board is creating real value for shareholders, assuring clients receive the entire worth of their contract as promised while making CNO a “good place to work and do business” (CNO Financial Group, …show more content…
The composition of the Board of Directors for CNO financial with numerous external members of differing organizational backgrounds will ensure the avoidance of potential influential decision-making processes. CNO financial appears to be growing exponentially within the insurance industry. Recently, “A.M. Best Company, the global rating agency for the insurance industry, has upgraded the financial strength rating of CNO Financial Group and its subsidiaries from B++ (Good) to A- (Excellent)” (A.M. Best, n.d.). Furthermore, the organization is improving the quality of the company while achieving continued financial
Current Performance Bankers Life and Casualty, Washington National, and Colonial Penn insurance companies are the main branches operating beneath the umbrella company of CNO Financial. CNO Financial displays a superior performance in sales in 2015 as compared to 2014 per a CNO Financial Group press release. Furthermore, company reported revenue of $3.8 billion was an improvement from the previous year growth while having an 11% operating earnings increase (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 is for providing “financial security for the life, health, and retirement needs of Middle …show more content…
The combined peacefulness is due to the outcome of a secured financial future, which completes the internal environment for CNO financial while furnishing the external environment (Mondy, 2016, p. 5). Furthermore, the internal and external environments are in alignment with CNO Financials corporate, business, and functional objectives. The goal of the CNO financial board is creating real value for shareholders, assuring clients receive the entire worth of their contract as promised while making CNO a “good place to work and do business” (CNO Financial Group, …show more content…
The composition of the Board of Directors for CNO financial with numerous external members of differing organizational backgrounds will ensure the avoidance of potential influential decision-making processes. CNO financial appears to be growing exponentially within the insurance industry. Recently, “A.M. Best Company, the global rating agency for the insurance industry, has upgraded the financial strength rating of CNO Financial Group and its subsidiaries from B++ (Good) to A- (Excellent)” (A.M. Best, n.d.). Furthermore, the organization is improving the quality of the company while achieving continued financial