Conseco Inc. (NYSE:CNO) wants to become CNO Financial Group Inc.
Conseco, Carmel, Ind., will ask shareholders for permission to change its name May 11, at the company's annual meeting, the company says.
Conseco is the parent of Bankers Life and Casualty Company, Colonial Penn Life Insurance Company, and Washington National Insurance Company.
The proposed name change reflects the company's improved financial stability and sharpened strategic focus, Conseco says.