Cno Financial Group, Inc. · NYSE:CNO
Cno Financial — Q1 2011 Earnings Presentation
19 slides from Cno Financial's earnings presentation, May 2, 2011
Slide 1: Quarterly Financial Supplement - 1Q2011
| NO FINANCIAL GROUP Quarterly Financial Supplement - 1Q2011
Slide 2: Table of Contents
Table of Contents Consolidated balance sheet Consolidated statement of operations Eamings per share analysis ‘Computation of weighted average shares outstanding Analyses of income before taxes and selected dé Bankers Life Washington National Colonial Penn Other CNO Business Premiums collected on ins
Slide 3: Consolidated balance sheet
(NO Financial Group, ne. CConsoiated balance sheet (milion) Mort | Jun-10 _Sep-10 __Dee-to | Matt siasise|sio9367. s21007s Equity secures ata lve salsa att engage ans 19086] 1901 18256 Poleyioans 2040) 2029 2009 ‘Trading secuos ‘3e20/ 2607 3807 Investments hed by arabe itrestenttes Si7| 474 4548 Sec
Slide 4: Consolidated statement of operations
‘CNO Financial Group, nc. Consolidated statement of operations (in ilions) soro_| 2ar0___saro__aaro__2or0_|_ sant Revenues, Insurance policyincome sesas| $6679 $6745 $6630 $26700| $6672 Netinvestment income (loss): General account assets sts2| sar. 3285 3322 12050| 3361 Policyholder and einsurer acc
Slide 5: Earnings per share analysis
(CN Financial Group, ne. Earnings per share analysis (Sin millons, except per share amounts) soio_| 2010 sar __4avo__2010_| 011 Income (loss) betore net realized investmentiosses, netofrelates amorizaton and income ts: Bankers Lie 532] seo sus s74_—sze4s| soa ‘Washington National ze] ata 2rz 2871046
Slide 6: Computation of weighted average shares outstanding
‘GNO Financial Group, Inc. ‘Computation of weighted average shares outstanding roo | 2010 3010 ato 2010_| 1011 ous) Basic ‘Shares outstanding, beginning of period 250,7862| 250,9298 251.0847 251,046.4 250,786.2| 251.0842 Weighted average shares issued during the period: ‘Shares issued under stock op
Slide 7: Bankers Life: Analysis of income before taxes
CCN Financial Group, Ine. Bankers Life Analysis of income before taxes (in milions) soio_| 2010 saro__aaro__2010_| sans Insurance policy income 33062] $4007 s4051 $3002 s15062| so00 NNetinvestment income (oss) ‘General accountinvested assets waz] 770 82a ter? 193] 1913 Foed indexproducts v1] 5a) aig
Slide 8: Bankers Life: Average liabilities for insurance products
‘CNO Financial Group, ine. Bankers Lite ‘Average liabilities for insurance products (in millons) (continued) sow | 2010 sao __4aro__2010_| 1011 -Aanuites ‘Nortlty based s2si8| $2507 $2404 szaas —s2501| sas Foes index 16850] 47697 18713 20083 18338| 2.1477 Depositbased 49053| 49055 49052 48828 48087]
Slide 9: Washington National: Analysis of income before taxes
‘CNO Financial Group, in. Washington National ‘Analysis of income before taxes (in milion) sow | 2010 sao zaro__20t0_|_t0n1 Insurance policyincome stasa] sisa7 sto staso sero] s1as.a Netimvestment income (loss): ‘General account mested assets ass] 45832 a7 1842] a8 “Trading account income related to
Slide 10: Washington National: Average liabilities for insurance products
(GNO Financial Group, Inc. Washington National ‘Average liable for insurance products (in millions) (continued) soio_| 2010 sor0__aaro__201%0_-| sans Medicare supplement and otter supplemental health sesao1| s2405s s24sz4 szas25 24701] s24s46 NNonintorest sensi ile 2058] 2055 207.8 2057 _—2087| 2052
Slide 11: Colonial Penn: Analysis of income before taxes
(CN Financial Group, ne. Colonial Penna ‘Analysis of income before taxes (in milions) soio_| 200 saro__aaro__2010_|_ tans Insurance potcyincome s482| S493 sos sioae] $509) Netinvestmentincome on general accountinested assets 987 97 99 100-«S 393103 Netrealiaed investment gains os 00 2000 44 68 aA Fe
Slide 12: Other CNO Business: Analysis of income (loss) before taxes
‘CNO Financial Group, Ine. (ther CNO Business [Analysis of income (loss) before taxes (in millions) sor | 2010 sar0__saro_200_| 1011 Insurance policyincome svae| 7328757742 sae79| 715 Netinvestmentincome (oss) ‘General account imvested assets ss} sas gs a8 a821| a2 Foed indexproducts 30 5) 62 62 98]
Slide 13: Other CNO Business: Average liabilities for insurance products
‘GNO Financial Group ne. (ther CNO Business ‘Average lables for insurance products (in milions) (continued) sow | 2010 sar __aora_2010_|_ 1011 Annuities: Morality based s2iz0] s2i09 —sz098 © s2002 s2108| | sz078 Fired index 7a36| 7281 «70556780 7138| 6521 Depositbased 6200 eae —67os| 6920 Separate a
Slide 14: Bankers Life: Premiums collected on insurance products
‘CNO Financial Group, Ine. Bankers Life Promiums collected on insurance produets (in millions) saro_| 2a sar0__acro__a0t0._| tant Annuities Foe index(frstyear) sioso| stas9__siass sts _s5777| $1482 ‘Other fred rate (frstyear) vei] i331 tt9a 529 aass| 734 Other fied rate (renewal) 4 44 a4 19 43 9 ‘Su
Slide 15: Washington National: Premiums collected on insurance products
‘CNO Financial Group, Ine. Washington National Premiums collected on insurance products (in millions) soo | 2a10 aro __saro__200_| 1011 Health Medicare supplement (rst year) siz] sta, s07— sos, sz] sos Medicare supplement renewal) sos| 376 a7 67 tst0| a7 ‘Subtotal - Medicare supplement aor[se7_ e775
Slide 16: Colonial Penn: Premiums collected on insurance products
‘GNO Financial Group, Ine. Colonial Penn Promiums collected on insurance products (in millons) soo | 2a10 sar _zaro_200_|_sa01 ‘Ute insurance Fistyear sro] saa sat sez saza] ser Renewal 304 36 aea 3a 1554 | 407 Tota ite insurance ars|__ 467459 ass te77| a9 Health all renewal ‘Nedicare supplement 18
Slide 17: Other CNO Business: Premiums collected on insurance products
‘GNO Financial Group, Ine. (ther CNO Business Promlums collected on insurance products (in millons) row | 2010 sar __saro__201%0_-| ran Annuities Freed index rstyea) sas] s20. sz sa sto] 27 Foed index renewal) 42 45 09 40 4s| 09 ‘Subtolal- hed indexannuites “47 35 3334188 35 ‘Other ted rae (frst yea
Slide 18: Statutory information - consolidated basis
(CNO Financial Group, ne. ‘Statutory information - consolidated basis (4) (in milions) row | za sar aaron 2010_| 101109) Net gain ftom operations before interest expense ‘and federal income tee. sss6| se50 sors. st091 —ss280| sit40 Interest expense on surplus debentures held by parent company zo] 12
Slide 19: Notes
Notes (1) Excludes accumulated other comprehensive income (loss) {@) Shareholders equity dhided by common shares outstanding (@) Assumes conversion ofall cometible securities, (4) Based on statutory accounting practices prescnved or permitted by regulatory authorities for CNO Financia’'s insurance s