Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno03312016ex311.htm |
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno03312016ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno03312016ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno03312016ex312.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0331201610-q.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, | December 31, | ||||||
2016 | 2015 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 45.5 | $ | 270.7 | |||
Add income tax expense (benefit) | (5.0 | ) | 97.0 | ||||
Pretax income from operations | 40.5 | 367.7 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 11.4 | 45.0 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 16.3 | 49.9 | |||||
Interest added to policyholder account balances | 28.8 | 122.7 | |||||
Portion of rental (a) | 4.5 | 14.1 | |||||
Fixed charges | 61.0 | 231.7 | |||||
Adjusted earnings | $ | 101.5 | $ | 599.4 | |||
Ratio of earnings to fixed charges | 1.66X | 2.59X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |