CNO Buys Back $80.7 Million of Shares, Pays Down Debt in Quarter

CNO Financial Group Inc., the insurer that counts John Paulson’s hedge fund as its largest shareholder, bought back $80.7 million of its own stock in the fourth quarter, equal to 3.8 percent of the outstanding shares.

The repurchase is in addition to a $30.4 million principal payment it made under a senior secured credit agreement, according to a statement today from the Carmel, Indiana-based company.

To contact the reporter on this story: Noah Buhayar in New York at

To contact the editor responsible for this story: David Scheer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.