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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Cno Financial Group, Inc..
Cno Financial Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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As the policies age, insurance policy benefits will typically increase, but the increase in benefits will be partially offset by investment income earned on the accumulated assets.
1A. Risk Factors - Potential continuation of a low interest rate environment for an extended period of time may negatively impact our results of operations, financial position and cash flows" for additional information on interest rate ri
While higher mortality claims unfavorably impacted our life product margins, our health product margins have generally benefited due to lower claims experience.
Total expenses allocated and not allocated to product lines in 2022 are expected to trend modestly higher than 2021 (excluding certain significant items related to legal and regulatory matters and transaction expenses related to the acquisition of DirectPath) as we capture operating efficiencies, while also investing in growth.
ow. The Company is committed to deploying 100 percent of its free cash flow into investments to accelerate profitable growth, common stock dividends and share repurcha
When we realize a gain...Read more
INVESTMENTS Our investment strategy is...Read more
Estimates of unpaid losses related...Read more
We expect mortality and morbidity...Read more
The margin as a percentage...Read more
er. A significant deterioration in...Read more
During 2021, we recognized net...Read more
ly. In May 2021, the...Read more
When interest rates decrease, we...Read more
Regarding our investment portfolio, net...Read more
LIQUIDITY AND CAPITAL RESOURCES Potential...Read more
While uncertainty continues related to...Read more
In addition, we disclose fair...Read more
Recovery of our deferred tax...Read more
The increase in the margin...Read more
We estimate that the supplemental...Read more
Based on actual claims incurred...Read more
Based on actual claims incurred...Read more
As part of the actuarial...Read more
Deferred acquisition costs represent incremental...Read more
The present value of these...Read more
Significant losses could have a...Read more
We also expect earnings from...Read more
Insurance acquisition costs are amortized...Read more
ss. For short-term insurance products...Read more
Insurance product margin is management's...Read more
When analyzing profitability of these...Read more
There are many modeling scenarios...Read more
ns. However, our cash flow...Read more
In light of these statutes...Read more
Investment income not allocated to...Read more
Management believes insurance product margin...Read more
Management believes insurance product margin...Read more
Investment income not allocated to...Read more
When the earned rates decrease,...Read more
Although such hypothetical revisions are...Read more
Net realized investment losses, net...Read more
During 2021, 2020 and 2019,...Read more
We expect investment income allocated...Read more
This assessment requires significant judgment...Read more
Both allocated and unallocated expenses...Read more
The lower sales in 2020...Read more
In the second quarter of...Read more
The favorable claims experience in...Read more
When actual profits or our...Read more
(b)We have excluded the effect...Read more
The decrease in margins primarily...Read more
Any future increase in the...Read more
Our annuity margin reflected a...Read more
Differences between our expectations when...Read more
Our health margin reflected favorable...Read more
Although the hypothetical revisions described...Read more
In 2021, our sales of...Read more
Certain costs in 2020 and...Read more
ce. Lower than expected dividends...Read more
In addition, an increase in...Read more
The increase in average net...Read more
Collected premiums from our annuity...Read more
rs. Many of our products...Read more
on. Under current market conditions,...Read more
Such favorable claim experience is...Read more
We also adjust insurance acquisition...Read more
ds. For example, the following...Read more
We evaluate the need to...Read more
The margin on this relatively...Read more
ns. The failure, insolvency, inability...Read more
The margin in 2021, 2020...Read more
on. As of December 31,...Read more
These reasons include but are...Read more
es. These estimates are based...Read more
The value assigned to the...Read more
le. An insurer rated "A",...Read more
The higher fee revenue in...Read more
The decrease in margins reflects...Read more
Premiums collected on supplemental health...Read more
In 2020, $23.5 million of...Read more
We estimate the COVID-19 environment...Read more
ly. We estimate that our...Read more
Excluding such unfavorable impacts, the...Read more
RESULTS OF OPERATIONS The following...Read more
Our fee income segment includes...Read more
We expect free cash flow...Read more
The following summarizes the components...Read more
Both our annual stress testing...Read more
In 2021, our Consumer Division...Read more
ns. In addition, we may...Read more
Accordingly, in our quarterly re-forecast,...Read more
However, net operating income is...Read more
For interest-sensitive life and annuity...Read more
Government regulations generally require we...Read more
Agents, insurance brokers and marketing...Read more
Such increases are primarily due...Read more
Net investment income is allocated...Read more
Investment income is allocated to...Read more
The recoverability of this amount...Read more
Such higher persistency primarily resulted...Read more
PREMIUM COLLECTIONS In accordance with...Read more
Excluding such favorable impacts, the...Read more
If our future experience differs...Read more
We believe these non-GAAP financial...Read more
Operating costs and expenses in...Read more
Accordingly, the net cash flows...Read more
With respect to 2022, we...Read more
Our model is adjusted to...Read more
Net investment income was higher...Read more
ts. Inflation Inflation rates may...Read more
Effective January 1, 2020, when...Read more
We expect claim experience to...Read more
es. The amount and timing...Read more
The total pre-tax impact of...Read more
The total pre-tax impact of...Read more
The following summarizes the persistency...Read more
These evaluations are performed to...Read more
Future events may occur, or...Read more
es. The profitability of many...Read more
In assessing the need for...Read more
l). We estimated these payments...Read more
te. We estimated these payments...Read more
If our actual claims experience...Read more
The following hypothetical scenarios illustrate...Read more
Our supplemental health products (including...Read more
The following table summarizes the...Read more
We establish liabilities for annuity...Read more
This review resulted in a...Read more
Insurance policy benefits were $530.9...Read more
Our commercial mortgage loan portfolio...Read more
The margins on the Medicare...Read more
We increased (decreased) amortization expense...Read more
Also, other non-operating items include...Read more
If a portion of the...Read more
Our investment portfolio is subject...Read more
es. At December 31, 2021,...Read more
le. (c) These borrowings represent...Read more
es. The borrowings are classified...Read more
Insurance statutes regulate the types...Read more
Similar to other insurance companies...Read more
io. Financial Strength Ratings of...Read more
While uncertainty related to COVID-19...Read more
These measures also highlight operating...Read more
Present Value of Future Profits...Read more
Such amount will generally fluctuate...Read more
ed. Liquidity for Insurance Operations...Read more
The business written in each...Read more
ry. S&P has a total...Read more
al. We cannot be assured...Read more
The margins in both 2021...Read more
As the economy has partially...Read more
All policy, contract, and certificate...Read more
Our definition and calculation of...Read more
Investment income not allocated to...Read more
AP. These regulations generally permit...Read more
Our measure of profitability of...Read more
Net Non-Operating Income (Loss): The...Read more
During 2021, 2020 and 2019,...Read more
Consistent with this strategy, investments...Read more
es. In addition, changes in...Read more
Interest credited to policyholders may...Read more
We have also centralized certain...Read more
am. In May 2021, the...Read more
Excluding such favorable (unfavorable) impacts,...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Cno Financial Group, Inc. provided additional information to their SEC Filing as exhibits
Ticker: CNO
CIK: 1224608
Form Type: 10-K Annual Report
Accession Number: 0001224608-22-000012
Submitted to the SEC: Wed Feb 23 2022 7:53:47 PM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Accident And Health Insurance