Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CNO Financial Group, Inc. | cno03312018ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CNO Financial Group, Inc. | cno03312018ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CNO Financial Group, Inc. | cno03312018ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CNO Financial Group, Inc. | cno03312018ex311.htm |
| 10-Q - 10-Q - CNO Financial Group, Inc. | cno0331201810-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, | ||||||
2018 | 2017 | ||||||
Pretax income from operations: | |||||||
Net income | $ | 84.3 | $ | 175.6 | |||
Add income tax expense | 23.8 | 304.9 | |||||
Pretax income from operations | 108.1 | 480.5 | |||||
Add fixed charges: | |||||||
Interest expense on corporate debt | 11.9 | 46.5 | |||||
Interest expense on investment borrowings and borrowings related to variable interest entities | 21.7 | 77.2 | |||||
Interest added to policyholder account balances | 24.7 | 105.2 | |||||
Portion of rental (a) | 5.0 | 18.7 | |||||
Fixed charges | 63.3 | 247.6 | |||||
Adjusted earnings | $ | 171.4 | $ | 728.1 | |||
Ratio of earnings to fixed charges | 2.71X | 2.94X | |||||
____________________
(a) | Interest portion of rental is estimated to be 33 percent. |