CNO Financial Group(CNO) - 2024 Q1 - Earnings Call Presentation

▪ Strong credit risk profile — Capital efficient: 97% rated NAIC 1 or 2 — Portfolio average rating A — Significant credit enhancement in structured products including CMBS — Diversified commercial and residential mortgage allocation 11 1 Fair Value as of 3/31/2024 ALTERNATIVES ALLOCATION Solid real estate alternative historical performance; Real estate partnerships impacted by net unfavorable mark-to-market in 1Q24; Affected asset base is small and contained Private Equity, 17% Private Credit, 25% Instituti ...