Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno09302018ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno09302018ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno09302018ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno09302018ex311.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0930201810-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, | ||||||
2018 | 2017 | ||||||
Pretax income (loss) from operations: | |||||||
Net income (loss) | $ | (343.3 | ) | $ | 175.6 | ||
Add income tax expense | 41.4 | 304.9 | |||||
Pretax income (loss) from operations | (301.9 | ) | 480.5 | ||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 35.9 | 46.5 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 74.2 | 77.2 | |||||
Interest added to policyholder account balances | 73.1 | 105.2 | |||||
Portion of rental (a) | 15.0 | 18.7 | |||||
Fixed charges | 198.2 | 247.6 | |||||
Adjusted earnings (loss) | $ | (103.7 | ) | $ | 728.1 | ||
Ratio of earnings to fixed charges | (b) | 2.94X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |
(b) | For such ratio, earnings were $301.9 million less than fixed charges. |