CNO Financial Group, Inc. CNO Income Statement

Cno financial group, inc. (CNO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Insurance policy income
628,700	623,200	620,000	618,300	619,300	616,500	656,900	659,800	659,900	660,100	659,300	664,100	663,800	654,100	649,000	653,600	644,400	638,800	640,600	640,100	636,500	632,700	632,100	679,000	685,900	676,100	686,100	691,300	691,200	684,100	690,200	694,800	686,300	670,200	673,500	679,600	667,200	663,000	674,500	667,900	664,600	772,000	791,300
Net investment income:
General account assets
280,300	273,800	275,900	286,700	268,800	290,400	332,000	328,200	329,100	325,100	325,900	322,400	312,000	315,600	301,700	295,800	291,000	303,200	298,200	302,100	300,100	305,400	300,100	347,400	348,100	354,400	350,700	348,800	351,900	352,800	349,400	351,100	345,200	344,200	338,200	342,200	336,100	332,200	326,500	321,100	315,200	306,300	308,500
Policyholder and other special-purpose portfolios
-110,700	99,300	23,600	47,800	87,000	-107,800	85,800	35,700	12,800	94,100	52,700	43,900	75,200	38,400	43,100	27,900	11,700	29,200	-27,600	11,800	16,600	43,500	14,800	47,200	20,900	99,700	49,000	31,800	77,700	500	39,100	-17,300	65,600	7,800	-54,900	3,100	37,400	27,300	43,300	-22,700	24,000	56,500	9,000
Realized investment gains (losses):
Net realized gains on the transfer of assets related to reinsurance transaction
-	-	0	-	-	-	363,400	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment gains (losses)
-60,100	11,300	5,700	5,300	18,300	-37,800	33,300	11,000	-15,200	2,600	34,500	24,000	16,300	-7,500	12,800	33,500	9,100	2,500	-7,200	-2,200	-1,100	9,500	6,800	12,400	35,300	23,100	2,800	3,800	15,300	20,500	32,200	35,400	30,800	-	33,500	13,000	18,400	156,100	28,100	11,200	-15,400	-15,400	-20,300
Change in allowance for credit losses and other-than-temporary impairment losses
-55,400	-	-	-	-2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairments:
Total other-than-temporary impairment losses
-	-	3,400	0	-	500	2,100	0	0	-	4,700	5,100	-	7,500	1,200	13,600	10,000	18,300	12,400	7,900	1,300	12,600	2,800	0	11,900	8,100	2,900	600	0	3,300	23,100	3,500	7,900	13,600	2,900	10,100	13,300	115,000	22,800	29,300	-20,300	-35,700	-36,600
Portion of other-than-temporary impairment losses recognized in accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	0	900	-	-	0	0	-	-	-3,000	-	-	-	0	-	-	0	0	0	0	0	0	0	0	-5,300	0	0	0	5,300	1,700	-1,400	-2,600	126,700	17,100
Net impairment losses recognized
-	-	-	-	-	-	-	-	-	5,500	4,700	4,200	8,400	-	1,200	13,600	-	-	15,400	-	-	-	2,800	-	-	8,100	2,900	600	0	3,300	23,100	3,500	7,900	8,300	2,900	10,100	13,300	79,700	24,500	27,900	17,700	162,400	53,700
Loss on dissolution of variable interest entity
-	-	-	-	-	-	-	-	-	-	-600	-3,700	-	-	0	-7,300	-	0	0	0	11,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total realized gains (losses)
-115,500	4,500	2,300	5,300	16,100	-38,300	394,600	11,000	-15,200	-2,000	29,200	15,200	7,900	-15,000	11,600	12,600	-900	-15,800	-19,600	-10,100	8,900	-3,100	4,000	12,400	23,400	15,000	-100	3,200	15,300	17,200	9,100	31,900	22,900	23,200	30,600	2,900	5,100	48,200	3,600	-16,700	-4,900	-20,300	-16,300
Fee revenue and other income
34,400	68,200	22,200	21,700	31,800	17,400	11,900	11,600	21,200	12,800	12,200	11,500	11,800	11,800	10,500	14,000	14,200	14,200	12,900	15,600	16,200	21,500	16,000	7,000	6,400	13,000	8,100	6,400	6,500	6,200	5,200	4,500	3,900	5,700	4,900	4,200	3,400	5,100	4,600	3,600	3,500	4,100	3,100
Total revenues
717,200	1,069,000	944,000	979,800	1,023,000	778,200	1,481,200	1,046,300	1,007,800	1,090,100	1,079,300	1,057,100	1,070,700	1,004,900	1,015,900	1,003,900	960,400	969,600	904,500	959,500	978,300	1,000,000	967,000	1,093,000	1,084,700	1,158,200	1,093,800	1,081,500	1,142,600	1,060,800	1,093,000	1,065,000	1,123,900	1,051,100	992,300	1,032,000	1,049,200	1,075,800	1,052,500	953,200	1,002,400	1,118,600	1,095,600
Benefits and expenses:
Insurance policy benefits
490,800	600,300	582,800	610,400	623,500	426,900	646,900	618,200	586,600	661,100	638,100	634,200	669,300	529,300	609,800	632,400	619,000	551,900	582,100	568,300	606,000	639,300	565,500	691,100	690,300	710,200	702,200	673,200	754,100	639,500	745,700	689,700	689,000	670,400	661,000	684,400	683,200	673,700	700,000	651,000	699,000	782,700	781,100
Loss related to reinsurance transactions
-	-	0	-	-	-	-1,067,600	-	-	-	0	-	-	-	-75,400	-	-	-	0	-	-	-482,500	-32,100	-3,800	278,600	98,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,500	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain related to reinsurance transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
33,400	35,200	37,500	38,600	41,000	39,700	38,800	37,700	33,600	31,400	30,100	31,400	30,800	30,400	29,400	28,900	27,700	24,200	23,900	25,300	21,500	22,000	21,900	24,300	24,600	25,300	25,800	26,900	27,300	27,900	29,200	28,700	28,800	28,100	27,900	28,900	29,200	28,600	28,400	28,700	27,500	31,900	32,700
Amortization
50,200	76,100	51,600	46,200	58,200	69,000	62,400	61,000	71,900	58,000	58,200	59,600	63,500	71,700	64,700	54,800	62,100	64,400	55,800	73,700	66,100	50,000	65,800	64,900	66,700	76,400	61,400	79,200	79,300	73,200	60,900	68,300	86,600	73,300	58,600	70,600	94,900	7,200	118,600	96,600	102,600	113,300	101,800
Loss on extinguishment of debt
-	-	0	-7,300	-	-	0	0	-	-	-5,500	0	-	-	0	-	-	-	0	-32,800	-	-	0	-600	-	0	0	-7,700	-57,700	-1,000	-198,500	-500	-200	-300	-1,100	-600	-1,400	-4,100	0	-900	-1,800	0	0
Loss on extinguishment of borrowings related to variable interest entities
-	-	0	0	-	-	0	-3,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating costs and expenses
213,800	250,000	218,600	229,600	234,700	205,500	205,300	195,800	207,600	210,200	217,500	203,400	210,400	192,800	187,300	205,100	211,100	168,800	190,300	182,200	197,900	215,700	191,500	201,500	194,100	206,800	190,000	179,800	189,600	201,500	217,500	173,300	227,000	176,700	182,000	175,700	170,100	319,500	128,200	124,200	118,400	126,600	130,400
Total benefits and expenses
788,200	961,600	890,500	932,100	957,400	741,100	2,021,000	916,500	899,700	964,700	949,400	928,600	974,000	824,200	966,600	921,200	919,900	809,300	852,100	886,800	896,000	924,100	812,600	978,600	1,254,300	1,117,100	979,400	966,800	1,108,000	943,100	1,251,800	960,500	1,031,600	948,800	930,600	960,200	978,800	1,033,100	975,200	901,400	949,300	1,054,500	1,046,000
Income (loss) before income taxes
-71,000	107,400	53,500	47,700	65,600	37,100	-539,800	129,800	108,100	125,400	129,900	128,500	96,700	180,700	49,300	82,700	40,500	160,300	52,400	72,700	82,300	75,900	154,400	114,400	-169,600	41,100	114,400	114,700	34,600	117,700	-158,800	104,500	92,300	102,300	61,700	71,800	70,400	42,700	77,300	51,800	53,100	64,100	49,600
Income tax expense (benefit):
Tax expense (benefit) on period income
-15,800	23,100	11,500	10,100	13,800	5,800	-114,800	27,600	23,800	39,200	44,100	45,100	34,400	66,100	16,900	29,800	15,000	55,500	18,600	25,900	29,500	26,100	53,800	40,300	39,000	14,400	38,100	42,600	33,200	45,000	-10,800	38,800	33,200	37,900	25,200	25,400	25,000	13,500	27,900	18,700	19,200	22,000	17,400
Valuation allowance for deferred tax assets and other tax items
-34,000	-	0	-	0	-	104,800	-	-	-	-15,000	-	-	-119,600	13,800	-7,000	-20,000	-32,500	0	0	0	-34,100	-16,800	-4,000	19,400	-79,300	-206,700	-5,000	-10,500	-28,500	-143,000	0	0	-	-143,000	-	-	-	0	-	-	26,700	4,600
Net income (loss)
-21,200	278,000	42,000	37,600	51,800	28,300	-529,800	102,200	84,300	-70,900	100,800	83,400	62,300	234,200	18,600	59,900	45,500	137,300	33,800	46,800	52,800	83,900	117,400	78,100	-228,000	106,000	283,000	77,100	11,900	101,200	-5,000	65,700	59,100	64,400	179,500	46,400	45,400	124,200	49,400	33,100	33,900	15,400	27,600
Earnings per common share:
Basic:
Weighted average shares outstanding (in shares)
145,829	150,139	154,257	158,816	160,948	164,119	164,551	166,098	167,060	167,429	168,684	170,556	173,431	173,632	174,247	178,323	180,350	185,608	190,260	195,857	200,491	204,298	210,525	216,538	220,307	221,057	222,876	220,498	222,081	225,075	231,481	237,289	240,895	242,789	246,965	250,933	251,121	251,065	251,045	250,994	250,788	184,886	184,820
Net income (loss) (in dollars per share)
-0.15	1.79	0.27	0.24	0.32	0.20	-3.22	0.62	0.50	-0.42	0.60	0.49	0.36	1.33	0.11	0.34	0.25	0.72	0.18	0.24	0.26	0.35	0.56	0.36	-1.03	0.49	1.27	0.35	0.05	0.44	-0.02	0.28	0.25	0.26	0.73	0.18	0.18	0.49	0.20	0.13	0.14	0.08	0.15
Diluted:
Weighted average shares outstanding (in shares)
145,829	151,408	155,260	159,735	162,189	159,622	164,551	167,978	169,677	170,177	170,982	172,352	175,065	175,174	175,723	180,267	182,128	187,951	192,365	198,073	202,275	212,747	215,458	222,108	220,307	227,101	229,347	230,893	243,467	303,409	231,481	293,475	297,343	298,070	302,708	308,048	307,498	306,663	306,040	302,648	292,081	185,846	185,229
Net income (loss) (in dollars per share)
-0.15	1.78	0.27	0.24	0.32	0.21	-3.22	0.61	0.50	-0.41	0.59	0.48	0.36	1.32	0.11	0.33	0.25	0.71	0.18	0.24	0.26	0.38	0.54	0.35	-1.03	0.44	1.23	0.34	0.05	0.40	-0.02	0.24	0.21	0.22	0.61	0.16	0.16	0.42	0.17	0.12	0.13	0.08	0.15