Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - CNO Financial Group, Inc. | form10q.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | exhibit312.htm |
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | exhibit322.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | exhibit311.htm |
CONSECO,
INC. AND SUBSIDIARIES
Exhibit
12.1
Computation
of Ratio of Earnings to
Fixed
Charges
(Dollars
in millions)
|
Three
months
|
||||||||
|
ended
|
Year
ended
|
|||||||
|
March
31,
|
December
31,
|
|||||||
|
2010
|
2009
|
|||||||
|
Pretax
income from operations:
|
||||||||
|
Net
income
|
$ | 33.9 | $ | 85.7 | ||||
|
Add
income tax expense
|
19.2 | 87.9 | ||||||
|
Pretax
income from operations
|
53.1 | 173.6 | ||||||
|
Add
fixed charges:
|
||||||||
|
Interest
expense on corporate debt
|
19.5 | 84.7 | ||||||
|
Interest
expense on investment borrowings
|
8.0 | 33.2 | ||||||
|
Interest
added to policyholder account balances
|
76.6 | 324.4 | ||||||
|
Portion
of rental (a)
|
3.1 | 12.8 | ||||||
|
Fixed
charges
|
107.2 | 455.1 | ||||||
|
Adjusted
earnings
|
$ | 160.3 | $ | 628.7 | ||||
|
Ratio
of earnings to fixed charges
|
1.50 | X | 1.38 | X | ||||
____________________
|
(a)
|
Interest
portion of rental is estimated to be 33
percent.
|