with canseco disambiguation . cno financial group inc. formerly called conseco inc. 1979 2010 type public traded as nyse cno industry financial services founded 1979 headquarters carmel indiana united states key people edward j. bonach ceo products insurance revenue 3.8 billion 2015 1 operating income 367.7 million 2015 2 net income 270.7 million 2015 3 total assets 31.1 billion 2015 4 total equity 4.1 billion 2014 5 number of employees 4 200 dec 2012 6 subsidiaries colonial penn bankers life 40 86 advisors washington national insurance company website cnoinc.com cno financial group inc. formerly conseco inc. from consolidated national security corporation ; nyse cno is an financial services holding company based in carmel indiana . 7 cno s insurance subsidiaries provide life insurance annuity and supplemental health insurance products to more than four million customers in the united states . these products are distributed through independent agents career agents and direct to customers through television advertising and direct mail . cno is currently ranked 608 on the fortune 1000 with 2014 revenues of 4.1 billion . in april 2014 cno was ranked top 50 most trusted financial institutions by forbes . 8 history edit cno was incorporated in 1979 as security national of indiana corp. by stephen hilbert . 9 sni bought consolidated national life insurance co. in 1983 . it began insurance operations in 1982 and became a public company in 1985 . in 1986 conseco acquired lincoln income life insurance company for 29 per share or 32.3 mil . shearson lehman brothers advised lincoln income life insurance . earlier in mid 1985 lincoln had agreed to be acquired by i.c.h. 10 for 31 per share in cash but the merger couldn t be consummated as the kentucky department of insurance raised objections to certain expenses which lincoln would have incurred in the merger . lincoln also received a merger proposal from redgate in 1985 . satisfied with its recipe for acquiring and improving insurance companies conseco stepped up its acquisition efforts in 1986 . it purchased bankers national life insurance company for 118 million respectively . in 1998 conseco purchased the former greentree financial one of the largest financiers of mobile homes in an attempt to diversify into consumer financial services . they also bought life insurance company colonial penn later that year changing their name to conseco direct life 11 though changing the name back to colonial penn in 2001 known as bankers conseco life insurance company in new york state . conseco though not its subsidiary insurance companies entered chapter 11 reorganization in 2002 and emerged nine months later in 2003 . 12 13 conseco s bankruptcy was the third largest u.s. chapter 11 filing at the time after the bankruptcies of worldcom inc. and enron 14 in the process of reorganization greentree was divested and thereafter conseco solely focused on the insurance industry . cno s ceo is edward bonach . 9 he joined the company in may 2007 as the cfo and became ceo in october 2011 . bonach is also a member of cno s board of directors . 15 cno is the parent company of seven insurance companies including bankers life and casualty company and colonial penn life insurance company . 6 cno also owns 40 86 advisors an investment management company and washington national insurance company . on may 11 2010 the board of directors officially approved changing the holding company s name to cno financial group . 16 references edit https finance.yahoo.com quote cno financials p cno cno financial form 8 k annual report filing date may 11 2015 pdf . secdatabase.com . retrieved mar 28 2013 . https finance.yahoo.com quote cno financials p cno https finance.yahoo.com quote cno financials p cno https finance.yahoo.com quote cno financials p cno a b cno financial form 10 k annual report filing date feb 20 2015 pdf . secdatabase.com . retrieved june 18 2015 . see form 10 k of cno financial group for 2012 at part i item i ; shareholders overwhelmingly ok conseco name change http www.forbes.com sites kathryndill 2014 04 01 americas 50 most trustworthy financial companies a b see form 10 k of cno financial group company news ; conseco and i.c.h. the new york times . august 25 1988 . youtube 1998 commercial conseco direct life formerly colonial penn life starring ed mcmahon cno financial form t 3 filing date mar 31 2003 . secdatabase.com . retrieved mar 28 2013 . cno financial form 8 k current report filing date sep 15 2003 . secdatabase.com . retrieved mar 28 2013 . insurance firm conseco files for bankruptcy . los angeles times . december 18 2002 . executive profile of edward bonach ; director profiles cno financial form 8 k current report filing date may 12 2010 pdf . secdatabase.com . retrieved mar 28 2013 . external links edit cno s homepage cno financial sec filings cno s ownership of washington national insurance company retrieved from https en.wikipedia.org w index.php title cno financial group & oldid 743721718 categories companies listed on the new york stock exchangecompanies based in indianapoliscompanies that have filed for chapter 11 bankruptcycarmel indianahidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 21 49 . text is available under the creative commons attribution sharealike license ; 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