Cno financial group, inc. (CNO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Insurance policy income

2,326

2,433

2,483

2,457

2,423

2,407

2,464

2,419

2,382

2,359

2,747

3,140

Net investment income

1,122

1,321

1,256

1,213

1,205

1,279

1,387

1,385

1,418

1,304

1,167

1,339

Fee revenue and other income

132

62

48

50

58

50

34

19

18

16

15

19

Cash and cash equivalents received upon recapture of reinsurance

-

-

-

73

0

0

-

-

-

-

-

-

Insurance policy benefits

1,630

1,910

1,973

1,916

1,879

1,968

2,093

2,096

-2,044

-1,975

-2,298

-2,722

Payment to reinsurer pursuant to long-term care business reinsured

0

365

0

0

-

590

0

0

-

-

-

-

Interest expense

151

141

120

106

90

81

95

109

95

108

109

-95

Deferrable policy acquisition costs

288

261

236

242

246

242

222

191

216

225

217

-459

Other operating costs

816

788

747

747

720

728

745

786

684

637

686

-587

Income taxes

-2

31

77

6

4

4

8

6

3

0

7

4

Net cash from operating activities

696

317

633

775

747

121

720

634

774

734

611

640

Cash flows from investing activities:
Sales of investments

2,899

3,210

2,460

2,828

2,177

2,090

2,315

2,057

5,504

8,632

10,709

6,832

Maturities and redemptions of investments

2,237

2,469

3,324

2,507

1,853

1,618

2,491

1,967

1,093

894

917

695

Purchases of investments

5,576

6,205

6,141

6,159

4,767

3,731

5,367

4,271

8,156

10,739

12,540

8,193

Net sales (purchases) of trading securities

14

-25

-108

84

12

-4

-30

-60

-300

51

-32

-346

Change in cash and cash equivalents held by variable interest entities

-

-

-

-

296

-36

50

-20

47

19

-1

-11

Cash and cash equivalents held by subsidiary prior to being sold

-

-

-

-

-

164

0

0

-

-

-

-

Proceeds from sale of subsidiary

-

-

-

-

-

231

0

0

-

-

-

-

Change in cash held by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-45

Other

102

25

23

22

25

27

23

31

32

14

10

20

Net cash used by investing activities

-555

-525

-270

-930

-1,069

56

-602

-197

-1,338

-1,298

-890

-283

Cash flows from financing activities:
Issuance of notes payable, net

494

0

0

-

910

0

0

944

0

756

172

75

Payments on notes payable

425

0

0

-

797

62

126

810

144

793

461

44

Expenses related to extinguishment of debt

6

0

0

-

17

0

61

183

0

0

14

0

Amount paid to extinguish the beneficial conversion feature associated with repurchase of convertible debentures

-

-

-

-

-

-

12

24

0

0

-

-

Issuance of common stock

9

3

8

8

6

5

15

3

2

0

296

0

Payments to repurchase common stock

254

108

168

210

365

376

118

180

69

0

0

-

Common stock dividends paid

67

64

59

54

52

51

24

13

0

0

-

-

Amounts received for deposit products

1,743

1,588

1,445

1,386

1,241

1,295

1,298

1,296

1,693

1,730

1,668

1,863

Withdrawals from deposit products

1,363

1,312

1,232

1,181

1,225

1,347

1,464

1,544

1,664

1,704

1,670

1,573

Issuance of investment borrowings:
Issuance of investment borrowings:
Federal Home Loan Bank

536

150

432

432

475

350

500

375

717

787

0

-

Related to variable interest entities

0

277

981

493

544

358

376

246

236

0

0

-

Payments on investment borrowings:
Federal Home Loan Bank

538

150

432

333

425

367

250

375

267

37

0

-

Related to variable interest entities

271

276

1,248

514

132

88

132

0

100

125

83

145

Investment borrowings - repurchase agreements, net

-

-

-

-

-20

20

0

-24

24

0

0

-

Net cash provided (used) by financing activities

-143

107

-274

26

142

-265

-1

-291

427

613

-92

175

Net increase (decrease) in cash and cash equivalents

-1

-100

89

-128

-179

-87

116

146

-135

48

-371

532