CNO Financial Group, Inc. CNO Income Statement

Cno financial group, inc. (CNO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Insurance policy income
2,480	2,593	2,647	2,601	2,556	2,629	2,744	2,755	2,690	2,670	3,093	3,253
Net investment income:
General account assets
1,105	1,279	1,285	1,204	1,203	1,301	1,405	1,398	1,360	1,295	1,230	1,254
Policyholder and other special-purpose portfolios
257	26	265	121	30	126	258	87	-6	71	61	-75
Realized investment gains (losses):
Net realized gains on the transfer of assets related to reinsurance transaction
0	363	0	0	-	-	-	-	-	-	-	-
Net realized investment gains (losses)
40	-8	77	47	-8	64	45	118	-	180	134	100
Other-than-temporary impairments:
Total other-than-temporary impairment losses
12	2	21	32	39	27	11	37	39	146	385	-162
Portion of other-than-temporary impairment losses recognized in accumulated other comprehensive income
0	0	-0	3	3	0	0	0	-5	3	-189	0
Net impairment losses recognized
12	2	22	35	42	27	11	37	34	149	195	162
Loss on dissolution of variable interest entity
0	0	-4	-7	11	0	0	-	-	-	-	-
Total realized gains (losses)
28	352	50	8	-36	36	33	81	61	30	-60	-262
Fee revenue and other income
143	62	48	50	58	50	34	19	18	16	15	19
Total revenues
4,015	4,313	4,297	3,985	3,811	4,144	4,476	4,342	4,124	4,083	4,341	4,189
Benefits and expenses:
Insurance policy benefits
2,417	2,278	2,602	2,390	2,308	2,586	2,839	2,763	2,699	2,723	3,066	3,212
Loss related to reinsurance transactions
0	-1,067	0	-75	-9	-239	98	0	0	-	-	-
Interest expense
152	149	123	116	94	92	105	114	114	113	117	106
Amortization
232	264	239	253	260	247	296	289	297	325	345	367
Loss on extinguishment of debt
-7	0	0	-	-32	-0	-65	-200	-3	-6	-22	21
Loss on extinguishment of borrowings related to variable interest entities
0	-3	-9	0	0	-	-	-	-	-	-	-
Other operating costs and expenses
932	814	841	796	739	802	766	819	704	690	717	520
Total benefits and expenses
3,741	4,578	3,816	3,631	3,444	3,969	4,171	4,187	3,818	3,859	4,269	4,186
Income (loss) before income taxes
274	-264	480	353	367	175	304	155	306	224	71	3
Income tax expense (benefit):
Tax expense (benefit) on period income
58	-57	162	127	129	159	128	106	113	79	23	9
Valuation allowance for deferred tax assets and other tax items
-193	107	142	-132	-32	-35	-301	-171	-143	-95	27	403
Income (loss) before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-409
Discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-722
Net income (loss)
409	-315	175	358	270	51	478	221	335	240	20	-1,132
Earnings per common share:
Basic:
Weighted average shares outstanding (in shares)
156	165	170	176	193	212	221	233	247	250	188	184
Income (loss) before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-2.22
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-3.91
Net income (loss) (in dollars per share)
2.62	-1.90	1.03	2.03	1.40	0.24	2.16	0.95	1.35	0.96	0.11	-6.13
Diluted:
Weighted average shares outstanding (in shares)
157	165	172	178	195	217	232	281	304	301	193	184
Income (loss) before discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-2.22
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-3.91
Net income (loss) (in dollars per share)
2.61	-1.90	1.02	2.01	1.39	0.24	2.06	0.83	1.15	0.84	0.11	-6.13