Attached files
file | filename |
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EX-10.5 - EXHIBIT 10.5 - CNO Financial Group, Inc. | cno09302017ex105.htm |
EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno09302017ex322.htm |
EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno09302017ex321.htm |
EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno09302017ex312.htm |
EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno09302017ex311.htm |
EX-10.7 - EXHIBIT 10.7 - CNO Financial Group, Inc. | cno09302017ex107.htm |
EX-10.6 - EXHIBIT 10.6 - CNO Financial Group, Inc. | cno09302017ex106.htm |
EX-10.4 - EXHIBIT 10.4 - CNO Financial Group, Inc. | cno09302017ex104.htm |
EX-10.3 - EXHIBIT 10.3 - CNO Financial Group, Inc. | cno09302017ex103.htm |
EX-10.2 - EXHIBIT 10.2 - CNO Financial Group, Inc. | cno09302017ex102.htm |
EX-10.1 - EXHIBIT 10.1 - CNO Financial Group, Inc. | cno09302017ex101.htm |
10-Q - 10-Q - CNO Financial Group, Inc. | cno0930201710-q.htm |
Exhibit 12.1
CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Nine months | |||||||
ended | Year ended | ||||||
September 30, | December 31, | ||||||
2017 | 2016 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 246.5 | $ | 358.2 | |||
Add income tax expense (benefit) | 108.6 | (5.0 | ) | ||||
Pretax income from operations | 355.1 | 353.2 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 34.8 | 45.8 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 57.5 | 70.6 | |||||
Interest added to policyholder account balances | 79.6 | 112.9 | |||||
Portion of rental (a) | 13.5 | 17.2 | |||||
Fixed charges | 185.4 | 246.5 | |||||
Adjusted earnings | $ | 540.5 | $ | 599.7 | |||
Ratio of earnings to fixed charges | 2.92X | 2.43X |
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |