Table of Contents a beneficiary under the policy, the aggregate amount of all premiums paid under the policy, without interest, less the aggregate amount of all claims incurred under the policy. For some policies, the return of premium rider does not have any claim offset. The cash value rider is similar to the return of premium rider, but also provides for payment of a graded portion of the return of premium benefit if the policy terminates before the return of premium benefit is earned. During 2022, 98 pe ...

Statutory reserves ~$221 million higher than LTC Net GAAP Liabilities, which are currently ~$2.55 billion Total LTC is just 12.4% of overall CNO insurance liabilities Potential adverse impact from severe stress scenarios is significantly reduced Average maximum benefit at issuance is $143 per day for inforce block CNO Financial Group 23 $381 million/$3.26 per diluted share value of NOLs and DTAs related to tax strategy Value of NOLs and deferred tax assets (DTAs) related to tax strategy $381 Non-Life NOLs $ ...

CNO Financial Group, Inc. (NYSE:CNO) Q4 2022 Earnings Conference Call February 8, 2023 10:00 AM ET Company Participants Adam Auvil - IR Gary Bhojwani - CEO Paul McDonough - CFO Eric Johnson - President & Chief Investment Officer Conference Call Participants Daniel Bergman - Jefferies Zach Byer - Autonomous Mark Dwelle - RBC Operator Ladies and gentlemen, welcome to the CNO Financial Group Fourth Quarter 2022 Earnings Results Call. My name is Glenn and I'll be your moderator for today's call. [Operator Instr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-31792 CNO Financial Group, Inc. Delaware 75-3108137 | --- | --- | --- | |--------------------------------------- ...

| --- | --- | |---------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | Third Quarter 2022 Financial and operating results for the period ended September 30, 2022 | | | | | | October 31, 2022 | | | Unless otherwise specified, comparisons in this presentation are between 3Q21 and 3Q22. | | CNO Financial Group 1 Important Legal Information Forward-Looking Statements Certain statements made in this presentation should be considered f ...

CNO Financial Group, Inc. (NYSE:CNO) Q3 2022 Earnings Conference Call November 1, 2022 11:00 AM ET Company Participants Adam Auvil - Investor Relations Gary Bhojwani - Chief Executive Officer Paul McDonough - Chief Financial Officer Eric Johnson - Chief Investment Officer and President Conference Call Participants Ryan Krueger - Stifel Daniel Bergman - Jefferies Mark Dwelle - RBC Erik Bass - Autonomous John Barnidge - Piper Sandler Tom Gallagher - Evercore ISI Operator Hello and welcome to today’s CNO Finan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-31792 CNO Financial Group, Inc. Delaware 75-3108137 | --- | --- | --- | |-------------------------------------------- ...

Financial Data and Key Metrics Changes - Operating earnings per share were reported at $0.85, reflecting a 29% increase year-over-year, and a 3% increase when excluding significant items [6][26] - Book value for diluted share, excluding AOCI, increased by 15% [9] - The annualized effective tax rate rose by 80 basis points to 23.5% compared to the previous year [27] Business Line Data and Key Metrics Changes - In the Consumer Division, Life and Health sales decreased by 9% year-over-year, while direct-to-consumer life sales increased by 9% [10][11] - Annuity collected premiums rose by 26% compared to the prior year, with the average policy size increasing by 6% [15] - Worksite insurance sales grew by 33%, driven by a mix of reservice business and new client acquisition [19] Market Data and Key Metrics Changes - Client assets in brokerage and advisory decreased by 3% year-over-year to $2.6 billion, although new accounts increased by 10% [16] - The producing agent count decreased by 9% year-over-year, but there was a 2% growth in recruiting sequentially [17][22] Company Strategy and Development Direction - The company introduced a new Medicare Supplement product and launched the Optavise brand to unify its worksite offerings [8][18] - The focus remains on enhancing agent productivity and expanding the product portfolio, particularly in the Medicare segment [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increasing sales momentum in the second half of the year, despite ongoing challenges from COVID impacts and market volatility [34][35] - The company is well-positioned to respond to changing macroeconomic conditions, with a strong capital position and a focus on organic and inorganic investments [8][24] Other Important Information - The company returned $77 million to shareholders in the second quarter, including $60 million in share buybacks, resulting in a 12% reduction in weighted average diluted shares outstanding [8][28] - The consolidated RBC ratio was reported at 360%, with a target of 375% [33] Q&A Session Summary Question: Share repurchase pace and RBC ratio timeframe - Management indicated that share repurchases would be dialed back in the near term as they aim to build back to the target RBC and holdco liquidity levels [39] Question: Non-variable investment income levels - Management noted that the increase in non-variable investment income was due to favorable market conditions, but it may not be a permanent trend [42][45] Question: RBC ratio recovery expectations - Management explained that the RBC ratio would likely recover symmetrically if equity markets improve, but the recovery would be gradual [48][49] Question: Advertising spend trends - Management clarified that advertising spend is managed based on internal metrics and the effectiveness of ad placements, leading to fluctuations in spending [50][52] Question: Impact of NAIC RBC charges on CLO investments - Management stated that any changes would be manageable and they are monitoring the situation closely [54] Question: Outlook for annuity gross deposits - Management highlighted that demand for annuities tends to increase during market volatility, contributing to strong growth in annuity sales [56][60] Question: Equity market sensitivity in annuities - Management confirmed that the GAAP impacts are symmetrical, with favorable outcomes expected if market conditions reverse [62][64]

| --- | --- | |------------------------------------------------------------------------------------------|-------| | | | | | | | | | | Second Quarter 2022 Financial and operating results for the period ended June 30, 2022 | | | August 1, 2022 | | | Unless otherwise specified, comparisons in this presentation are between 2Q21 and 2Q22. | | CNO Financial Group 1 Important Legal Information Forward-Looking Statements Certain statements made in this presentation should be considered forward-looking statements a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-31792 CNO Financial Group, Inc. Delaware 75-3108137 | --- | --- | --- | |------------------------------------------- ...