Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno06302017ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno06302017ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno06302017ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno06302017ex311.htm |
| EX-10.1 - EXHIBIT 10.1 - CNO Financial Group, Inc. | cno06302017ex101.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0630201710-q.htm |
Exhibit 12.1
CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Six months | |||||||
ended | Year ended | ||||||
June 30, | December 31, | ||||||
2017 | 2016 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 145.7 | $ | 358.2 | |||
Add income tax expense (benefit) | 79.5 | (5.0 | ) | ||||
Pretax income from operations | 225.2 | 353.2 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 23.1 | 45.8 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 39.1 | 70.6 | |||||
Interest added to policyholder account balances | 53.3 | 112.9 | |||||
Portion of rental (a) | 9.2 | 17.2 | |||||
Fixed charges | 124.7 | 246.5 | |||||
Adjusted earnings | $ | 349.9 | $ | 599.7 | |||
Ratio of earnings to fixed charges | 2.81X | 2.43X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |