Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0630201610-q.htm |
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno06302016ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno06302016ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno06302016ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno06302016ex311.htm |
| EX-10.21 - EXHIBIT 10.21 - CNO Financial Group, Inc. | cno06302016ex1021.htm |
| EX-10.20 - EXHIBIT 10.20 - CNO Financial Group, Inc. | cno06302016ex1020.htm |
| EX-3.1 - EXHIBIT 3.1 - CNO Financial Group, Inc. | cno06302016ex31.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, | ||||||
2016 | 2015 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 105.4 | $ | 270.7 | |||
Add income tax expense | 17.8 | 97.0 | |||||
Pretax income from operations | 123.2 | 367.7 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 22.8 | 45.0 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 33.8 | 49.9 | |||||
Interest added to policyholder account balances | 56.9 | 122.7 | |||||
Portion of rental (a) | 8.3 | 14.1 | |||||
Fixed charges | 121.8 | 231.7 | |||||
Adjusted earnings | $ | 245.0 | $ | 599.4 | |||
Ratio of earnings to fixed charges | 2.01X | 2.59X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |