Cno Financial Group, Inc. · NYSE:CNO
Cno Financial — Q3 2010 Earnings Presentation
19 slides from Cno Financial's earnings presentation, Nov 2, 2010
Slide 1: Quarterly Financial Supplement - 3Q2010
ol NO FINANCIAL GROUP Quarterly Financial Supplement - 3Q2010
Slide 2: Table of Contents
‘Table of Contents Consolidated balance sheet Consolidated statement of operations Earnings per share analysis Computation of weighted average shares outstanding ‘Analyses of ncome before taxes and selected data Bankers Lie Washington National ‘Colonial Penn Other CNO Business Premiums collected on
Slide 3: Consolidated balance sheet
‘oN rane rou, Conactdate balance sheet omits) waroe _sunos | sepos | pecoo vero uno | sep-t0 Frogmatites, siete erste eta slue 153988 $168762| s18s680|si8s284 siesise stoas7| s21075| Equlysouttes afar ue ms m23) 307/10 att ato] ans Morgane oans 23408 20041| 2o%oe| s65s 19066 souas| 14256] Poteyoane
Slide 4: Consolidated statement of operations
(oN Financial Group, ne. Consolidated statement o operations (n milions) xa00 2000 _| 3000 | sa09 2009 __raro__zaro_| sao Revenues Insurance poeyincome sve vos] s7720| svars 30038 sesae —sos70| ss7as Netimestmentincome (ss): soe 005] 2080/02 t.2000 152 aaa | sans Poteyolder and reinsurer accounts an
Slide 5: Earnings per share analysis
(M0 Financial Grup, ne. Earrings per share analysis ($a ilios, except per share amounts) soe 2a00_| sac | sooo 2009 1010 __2ar0_| 3010 Income (oss) beer ntrealizd imesimentiosses, ‘netotrlsiedamertaaon an income sas ‘Bankers Lite stay soa3| esa] seas save0 $532 suo] S055. ‘Washington Nabonat me 52/2
Slide 6: Computation of weighted average shares outstanding
(N0 Financia Group, ne. Computation of weighted average shares oustanding 1002009 | 3000 | sao 2009 rar 2ar0 | sa10 ‘Woosy Shares oustanding pinning of pred 1047598 e4e062 1047508 2507082 2509200| 2610047 Woighied average shares issued ung he period ‘Shares ised under equlyofenngs oo 00/00] t41152 3
Slide 7: Bankers Life: Analysis of income before taxes
(No Financial Group, ne. ‘Bakers Lite ‘Analysis ofacome before taxes (nitions) 1000 2000 | 000 | 4002 2000 sar0 aro | sar0 Insurance poiyincome sos saore| seoaa] servo 1.9502 $0962 saoo7|_stos Netinvestmentincome (oss) ‘General accountimvestad assets 1554 1602| t622| te58 ane = 722 770| 824 Fond ind
Slide 8: Bankers Life: Average liabilities for insurance products
(ONO Financia Group ne Bankers Life Average labs for insurance products (n milion) (continued) sooo 2000 | s000 | 4009 2000 sa10 2010 | sar0 ‘Aanuites: ‘Moralybased seszoszso7| seaos} 2505 2509 sass s2s07| szaoa Fed index t4aze4 1asea| 15205) 18052 15083 16850 1.7607) 18713 Deposits 4572 47547| asse
Slide 9: Washington National: Analysis of income before taxes
(NO Financial Gov, Ine ‘Washington Nationa Analysis of income before taxes (nitions) 1000 2000 | 000 | «009 2009 __sa10 __ 2010 | so10 Insurance pocyincome sisto isos] siaa7] siaso 5070 stasa sree] sraco| Netimvesimontincome (oss): ‘General account verted assets woo aaa] ava] ase 1012 asa] a2 ‘Tradi
Slide 10: Washington National: Average liabilities for insurance products
(M0 Finacial Gov ne. Washington Nationa Average ables for insurance products (a millon) (continued) 1000 2000 | 3000 | 4a09 2000 1010 200 | 010 Necicae supplement and other supplemental healt s2soso sasiss| s2s250| szsz65 s2si82 s2sso1 sz4ess| szasz4 Noninioestaenaie ie aos 4762| "-3403| “2086 "3767
Slide 11: Colonial Penn: Analysis of income before taxes
(oN0 Finan Groupe. Colorist Pe Anata of ncome before taxes (in miions) 1q00 2000 | 300 | 4a0__ 2000 sor0 200 | 00 Insurance poeyinome seri 3527] s40a| sero st061 — se82 sao] saa Netinwestmentincame on general aecountinvesied assets 93 08] 95/98 877 a7] ao Netresiznd investment ga 01 ts] as] te asa]
Slide 12: Other CNO Business: Analysis of income (loss) before taxes
(NO Financial Gove, Ine. (her ENO Busine Analysis of income (loss) before taxes (in milions) sae 2000 | sa00 | sao 2000 rar __za%0 | sa10 Insurance pocyincome sos2soo7|seoa| s757 ssaoe gra s7s7 Netimvestmentincome (oss) ‘General account verted assets oa 07] 67] 06951 are a80 Fina indoxproducss ao a]
Slide 13: Other CNO Business: Average liabilities for insurance products
‘Average labile for insurance products (a milion) (continued) 1q00 2000 | 3000 | 4a09 2000 1010 200 | 010 Ponies: ‘ory base saz saisa|szr4s| szs2 52152. 2120 sz109|sz008 Depositbased ess esos] asz1| 6357 es 6200-8808 | 7050 ‘Separate accounts we sr| 190 eat? t71 163] “162 ner eaitn 499 4980| 4857| 4
Slide 14: Bankers Life: Premiums collected on insurance products
{NO Financia Groupe Bankers Lite Premiums cotwcted on insurance products (nitions) a2 2000 | so00 | 4000 2000 rato 2ar0_|sar0 Annuities Fim indo frstyoan) s7a1__s008| _sesa| _so7s__s3s01_sio0_staso|_st40 (ner ate rst yar) zo t839| 1956| 995 roro 191 tga] 1184 (her ad rate (renewal) 10 o7| o7| oot tt
Slide 15: Washington National: Premiums collected on insurance products
(NO Financia Group, ne. ‘Washington National Premiums cobected on insurance products (in milions) sao 2000 | 3000 | 4000 2009 rar __za0_ | sa10 ean Nesicare supplement frstyear) sis sto] 22] ste sz tz sta] sor Nedizar suppioment renewal a3 as] a7] aos 305 gr | 372 Subiotal-Modieare supplement 42s a4
Slide 16: Colonial Penn: Premiums collected on insurance products
(NO Fnaneat oun, Ine. Colona Penn Premiums cobected on insurance products (in miions) sae 2000 | 3000 | sao 2009 rar __za% | sa10 ute insurance Frstyear soz seal s79| 75 sa0—sr9 Renewal sre ral rz ata i543 304 “Tota insurance a7o_asa| ase| a9 1073 ara Heath at renewal) esicare supplement v7 so] 18]
Slide 17: Other CNO Business: Premiums collected on insurance products
(ONO Financia Groupe Other CNO Business, Promiums colcted on insurance products (o milion) 1a00 2000 | so00 | 4000 2009 taro __2ar0_|sar0 Anwiti Fan index trstyear sizz szos| seas] s90 sto sas sz0| 824 Fim index onewa) 14 14 1s] 13 se tz ts | ‘Subba. ed indoxannuites jor a9] zeal 112756 4735) a (her
Slide 18: Statutory information - consolidated basis
(60 Financia Groupe. Statutory information -consoldated basis (4 (in miions) sao 2000 | 000 | 4009 2009 1010 __2010_| sa10c) Netgain rom operations bear mtrestexpense ‘and federal income nes, scar saea|stan5| sse2 sazae suse seo] 07a Interest epense on surplus debentures held byparentcompany 103, o7
Slide 19: Notes
Notes (1) Excludes accumuites other comprehensive income (ss) (2) Shareholders’ equity died by common shares oustanding (©) Assumes comersion oll convedibe secuties (4) Based on statutory accounting practices prescnbed or permitted by regulatory authonties for CNO Financial's insurance subsicanes at