Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno09302015ex311.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0930201510-q.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno09302015ex321.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, | ||||||
2015 | 2014 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 133.4 | $ | 51.4 | |||
Add income tax expense | 74.0 | 123.7 | |||||
Pretax income from operations | 207.4 | 175.1 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 33.7 | 43.9 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 37.0 | 48.9 | |||||
Interest added to policyholder account balances | 92.9 | 173.0 | |||||
Portion of rental (a) | 11.0 | 15.1 | |||||
Fixed charges | 174.6 | 280.9 | |||||
Adjusted earnings | $ | 382.0 | $ | 456.0 | |||
Ratio of earnings to fixed charges | 2.19X | 1.62X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |