Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno06302018ex322.htm |
EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno06302018ex321.htm |
EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno06302018ex312.htm |
EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno06302018ex311.htm |
EX-10.1 - EXHIBIT 10.1 - CNO Financial Group, Inc. | exhibit101-072018baude.htm |
10-Q - 10-Q - CNO Financial Group, Inc. | cno0630201810-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, | ||||||
2018 | 2017 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 186.5 | $ | 175.6 | |||
Add income tax expense | 51.4 | 304.9 | |||||
Pretax income from operations | 237.9 | 480.5 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 23.8 | 46.5 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 47.5 | 77.2 | |||||
Interest added to policyholder account balances | 49.1 | 105.2 | |||||
Portion of rental (a) | 9.0 | 18.7 | |||||
Fixed charges | 129.4 | 247.6 | |||||
Adjusted earnings | $ | 367.3 | $ | 728.1 | |||
Ratio of earnings to fixed charges | 2.84X | 2.94X |
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |