Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno03312017ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno03312017ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno03312017ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno03312017ex311.htm |
| EX-10.3 - EXHIBIT 10.3 - CNO Financial Group, Inc. | cno03312017ex103.htm |
| EX-10.2 - EXHIBIT 10.2 - CNO Financial Group, Inc. | cno03312017ex102.htm |
| EX-10.1 - EXHIBIT 10.1 - CNO Financial Group, Inc. | cno03312017ex101.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0331201710-q.htm |
Exhibit 12.1
CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Three months | |||||||
ended | Year ended | ||||||
March 31, | December 31, | ||||||
2017 | 2016 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 62.3 | $ | 358.2 | |||
Add income tax expense (benefit) | 34.4 | (5.0 | ) | ||||
Pretax income from operations | 96.7 | 353.2 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 11.5 | 45.8 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 19.3 | 70.6 | |||||
Interest added to policyholder account balances | 26.8 | 112.9 | |||||
Portion of rental (a) | 4.8 | 17.2 | |||||
Fixed charges | 62.4 | 246.5 | |||||
Adjusted earnings | $ | 159.1 | $ | 599.7 | |||
Ratio of earnings to fixed charges | 2.55X | 2.43X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |