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SCHEDULE II - Condensed Financial Information of Registrant (Parent Company) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
SCHEDULE II - Condensed Financial Information of Registrant (Parent Company) | SCHEDULE II Condensed Financial Information of Registrant (Parent Company) Balance Sheet as of December 31, 2024 and 2023 (Dollars in millions)
ASSETS
| 2024 |  | 2023
Fixed maturities, available for sale, at fair value (amortized cost: 2024 - $500.2; 2023 - $0) | $ | 518.6 |  |  | $ | — |
Cash and cash equivalents - unrestricted | 355.8 |  |  | 255.3 |
Investment in wholly-owned subsidiaries* | 3,761.0 |  |  | 3,169.3 |
Income tax assets, net | 64.6 |  |  | 124.4 |
Receivable from subsidiaries* | 38.0 |  |  | 26.7 |
Other assets | 18.5 |  |  | 2.4 |
Total assets | $ | 4,756.5 |  |  | $ | 3,578.1 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities: |  |  |
Notes payable | $ | 1,833.5 |  |  | $ | 1,140.5 |
Payable to subsidiaries* | 389.4 |  |  | 174.0 |
Other liabilities | 35.2 |  |  | 48.0 |
Total liabilities | 2,258.1 |  |  | 1,362.5 |
Commitments and Contingencies |  |  |
Shareholders' equity: |  |  |
Common stock and additional paid-in capital ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: 2024 - 101,618,957; 2023 - 109,357,540) | 1,633.5 |  |  | 1,892.6 |
Accumulated other comprehensive loss | (1,371.4) |  |  | (1,576.8) |
Retained earnings | 2,236.3 |  |  | 1,899.8 |
Total shareholders' equity | 2,498.4 |  |  | 2,215.6 |
Total liabilities and shareholders' equity | $ | 4,756.5 |  |  | $ | 3,578.1 |
* Eliminated in consolidation |  |  |
SCHEDULE II Condensed Financial Information of Registrant (Parent Company) Statement of Operations for the years ended December 31, 2024, 2023 and 2022 (Dollars in millions)
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
Net investment income | $ | 37.0 |  |  | $ | 13.3 |  |  | $ | 9.8 |
Net investment income - affiliated* | 1.1 |  |  | 3.7 |  |  | 3.0 |
Net investment gains (losses) | — |  |  | 0.1 |  |  | (0.6) |
Total revenues | 38.1 |  |  | 17.1 |  |  | 12.2 |
Expenses: |  |  |  |  |
Interest expense | 91.8 |  |  | 62.7 |  |  | 62.5 |
Intercompany expenses* | 13.4 |  |  | 8.4 |  |  | 3.8 |
Operating costs and expenses | 37.7 |  |  | 63.2 |  |  | 0.2 |
Total expenses | 142.9 |  |  | 134.3 |  |  | 66.5 |
Loss before income taxes and equity in undistributed earnings of subsidiaries | (104.8) |  |  | (117.2) |  |  | (54.3) |
Income tax benefit | (25.7) |  |  | (32.2) |  |  | (18.3) |
Loss before equity in undistributed earnings of subsidiaries | (79.1) |  |  | (85.0) |  |  | (36.0) |
Equity in undistributed earnings of subsidiaries* | 483.1 |  |  | 361.5 |  |  | 666.6 |
Net income | $ | 404.0 |  |  | $ | 276.5 |  |  | $ | 630.6 |
* Eliminated in consolidation |  |  |  |  |
The accompanying notes are an integral part of the condensed financial statements. CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES SCHEDULE II Condensed Financial Information of Registrant (Parent Company) Statement of Cash Flows for the years ended December 31, 2024, 2023 and 2022 (Dollars in millions)
| 2024 |  | 2023 |  | 2022
Cash flows from operating activities: | $ | (65.1) |  |  | $ | (106.8) |  |  | $ | (143.2) |
Cash flows from investing activities: |  |  |  |  |
Sales of investments | — |  |  | 43.2 |  |  | 24.6 |
Purchases of investments | (499.8) |  |  | (6.5) |  |  | (11.8) |
Net sales of trading securities | 5.0 |  |  | 6.6 |  |  | 7.7 |
Dividends received from consolidated subsidiary* | — |  |  | 150.0 |  |  | 69.6 |
Net cash (used) provided by investing activities | (494.8) |  |  | 193.3 |  |  | 90.1 |
Cash flows from financing activities: |  |  |  |  |
Issuance of notes payable, net | 691.0 |  |  | — |  |  | — |
Issuance of common stock | 11.1 |  |  | 13.2 |  |  | 13.5 |
Payments to repurchase common stock | (300.2) |  |  | (166.1) |  |  | (190.1) |
Common stock dividends paid | (67.7) |  |  | (68.1) |  |  | (64.8) |
Issuance of notes payable to affiliates* | 419.1 |  |  | 400.3 |  |  | 349.5 |
Payments on notes payable to affiliates* | (92.9) |  |  | (147.2) |  |  | (114.5) |
Net cash provided (used) by financing activities | 660.4 |  |  | 32.1 |  |  | (6.4) |
Net increase (decrease) in cash and cash equivalents | 100.5 |  |  | 118.6 |  |  | (59.5) |
Cash and cash equivalents, beginning of the year | 255.3 |  |  | 136.7 |  |  | 196.2 |
Cash and cash equivalents, end of the year | $ | 355.8 |  |  | $ | 255.3 |  |  | $ | 136.7 |
* Eliminated in consolidation The accompanying notes are an integral part of the condensed financial statements. CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES SCHEDULE II Notes to Condensed Financial Information Basis of Presentation The condensed financial information should be read in conjunction with the consolidated financial statements of CNO Financial Group, Inc. The condensed financial information includes the accounts and activity of the parent company.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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