CNO Financial Group, Inc. - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 5, 2015

Attached files

file filename
EX-10.7 - EXHIBIT 10.7 - CNO Financial Group, Inc.cno03312015ex107.htm
EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc.cno03312015ex311.htm
EX-10.4 - EXHIBIT 10.4 - CNO Financial Group, Inc.cno03312015ex104.htm
EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc.cno03312015ex312.htm
EX-10.6 - EXHIBIT 10.6 - CNO Financial Group, Inc.cno03312015ex106.htm
EX-10.3 - EXHIBIT 10.3 - CNO Financial Group, Inc.cno03312015ex103.htm
EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc.cno03312015ex322.htm
EX-10.5 - EXHIBIT 10.5 - CNO Financial Group, Inc.cno03312015ex105.htm
EX-10.1 - EXHIBIT 10.1 - CNO Financial Group, Inc.cno03312015ex101.htm
EX-10.2 - EXHIBIT 10.2 - CNO Financial Group, Inc.cno03312015ex102.htm
EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc.cno03312015ex321.htm
EXCEL - IDEA: XBRL DOCUMENT - CNO Financial Group, Inc.Financial_Report.xls
10-Q - 10-Q - CNO Financial Group, Inc.cno0331201510-q.htm
EX-4.1 - EXHIBIT 4.1 - CNO Financial Group, Inc.cno03312015ex41.htm



Exhibit 12.1

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)

 
Three months
 
 
 
ended
 
Year ended
 
March 31,
2015
 
December 31,
2014
Pretax income from operations:
 
 
 
Net income
$
52.8

 
$
51.4

Add income tax expense
29.5

 
123.7

Pretax income from operations
82.3

 
175.1

Add fixed charges:
 
 
 
Interest expense on corporate debt
10.5

 
43.9

Interest expense on investment borrowings and borrowings related to variable interest entities
11.0

 
48.9

Interest added to policyholder account balances
31.6

 
173.0

Portion of rental (a)
4.0

 
15.1

Fixed charges
57.1

 
280.9

Adjusted earnings
$
139.4

 
$
456.0

Ratio of earnings to fixed charges
2.44X

 
1.62X


____________________
(a)
Interest portion of rental is estimated to be 33 percent.






CNO Financial Group, Inc. Reports