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CNO FINL GRP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Insurance policy income2,511.302,480.802,593.102,647.302,601.102,556.002,629.702,744.702,755.402,690.50
Net realized investment gains (losses)(36.20)28.20352.1077.4047.90(8.00)64.0045.00118.9096.40
Gain on sale of interest in riverboat--------------------
Gain on dissolution of a variable interest entity------(4.30)(7.30)11.30--------
Net investment income (loss): General account assets1,079.001,098.001,272.501,285.401,204.101,203.601,301.001,405.801,398.501,360.70
Net investment income (loss): Policyholder and reinsurer accounts143.50264.9033.70265.90121.1030.00126.40258.2087.90(6.60)
Venture capital income (loss) related to investment in AT&T Wireless Services, Inc--------------------
Fee revenue and other income123.50143.9062.1048.3050.5058.9050.9034.0019.8018.20
Total other-than-temporary impairment losses------(21.90)(35.90)(42.90)(27.30)(11.60)(37.80)(39.90)
Other-than-temporary impairment losses recognized in other comprehensive loss------(0.90)3.603.000.00--0.005.30
Total Revenues3,821.104,015.804,313.504,297.203,985.103,811.904,144.704,476.104,342.704,124.60
Insurance policy benefits2,157.902,417.002,278.602,602.702,390.502,308.302,586.202,839.702,763.902,699.00
Provision for losses--------------------
Loss related to an annuity coinsurance transaction----1,067.60--------------
Loss on reinsurance transaction----------9.00--------
Amortization268.10232.10264.30239.30253.30260.00247.40296.30289.00297.40
Goodwill impairment--------------------
Other operating costs and expenses(942.00)(932.90)(814.20)(841.50)(796.30)(739.20)(802.80)(766.20)(819.30)(704.50)
Interest expense108.80152.30149.80123.70116.4094.9092.80105.30114.60114.10
Loss (gain) on extinguishment of debt----------(32.80)(0.60)(65.40)(200.20)--
Costs related to the tentative litigation settlement--------------------
Special charges--------------------
Reorganization items--------------------
Gain on extinguishment of debt0.00(7.30)0.00------------(3.40)
Gain (Loss) related to an annuity coinsurance transaction--------------------
Loss on sale of subsidiary--------(75.40)--(239.80)(98.40)----
Loss on extinguishment of borrowings related to variable interest entities----(3.80)(9.50)------------
Income (loss) before income taxes344.30274.20(264.80)480.50353.20367.70175.10304.80155.70306.20
Income tax expense on period income76.5058.50(57.60)162.80127.80129.50159.20128.30106.20113.50
Current tax expense (benefit)(24.00)19.20(2.80)90.80(45.20)10.7015.608.2012.5011.90
Deferred tax provision100.5039.3093.1072.00173.00118.60143.60120.1093.70101.60
Valuation allowance for deferred tax assets(34.00)(193.70)107.80142.10(132.80)(32.50)(35.50)(301.50)(171.50)(143.00)
Change in valuation allowance------(13.40)40.70(32.50)--------
Valuation allowance applicable to current year income----8.90--(14.00)----(472.10)(171.50)--
Tax expense related to the sale of CLIC------------14.20------
Other items------(1.70)10.900.20(0.90)11.20----
Impact of federal tax reform------310.60------------
Change in valuation allowance related to federal tax reform------(138.10)------------
IRS settlement--------(170.40)----------
Minority interest: Distributions on Company-obligated mandatorily redeemable preferred securities of subsidiary trusts,--------------------
Income (loss) from Continuing Operations--------------------
Discontinued operations, net of income taxes--------------------
Cumulative effect of accounting change, net of income taxes--------------------
Net income (loss)--------------------
Net income before Prefered dividend and Other Adjustments--------------------
Preferred stock dividends--------------------
Interest expense on Debentures, net of income taxes----------------12.2014.70
Effect of dilutive securities:Preferred stock dividend--------------------
Net income (loss) applicable to common stock301.80409.40(315.00)175.60358.20270.7051.40478.00221.00335.70
Net income allocated to common shares assuming dilution--------358.20--51.40479.60233.20350.40
Basic: Income (loss) from Continuing Operations--------------------
Basic: Discontinued operations--------------------
Basic: Net income (loss)2.122.62(1.90)1.032.031.400.242.160.951.35
Diluted: Income (loss) from Continuing Operations--------------------
Diluted: Discontinued operations--------------------
Diluted: Net income (loss)2.112.61(1.90)1.022.011.390.242.060.831.15
Basic: Weighted average shares outstanding142.10156.04165.46170.03176.64193.05212.92221.63233.69247.95
Diluted: Weighted average shares outstanding143.16157.15165.46172.14178.32195.17217.66232.70281.43304.08