CNO Financial Group Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
CNO$57.93+0.3%Stored close · as of Nov 11, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheet at December 31, 202 and
December 31, 2024 and 2023
ASSETS
| 2024 | 2023 | |
|---|---|---|
| Investments: | ||
| Fixed maturities, available for sale, at fair value (net of allowance for credit losses: 2024 - $37.1 and 2023 - $42.9; amortized cost: 2024 - $25,264.3 and 2023 - $23,699.2) | $22,840.5 | $21,506.2 |
| Equity securities at fair value | 162.0 | 96.9 |
| Mortgage loans (net of allowance for credit losses: 2024 - $13.6 and 2023 - $15.4) | 2,506.3 | 2,064.1 |
| Policy loans | 135.3 | 128.5 |
| Trading securities | 304.2 | 222.7 |
| Investments held by variable interest entities (net of allowance for credit losses: 2024 - $1.3 and 2023 - $3.1; amortized cost: 2024 - $437.0 and 2023 - $787.6) | 432.3 | 768.6 |
| Other invested assets | 1,491.5 | 1,353.4 |
| Total investments | 27,872.1 | 26,140.4 |
| Cash and cash equivalents - unrestricted | 1,656.7 | 774.5 |
| Cash and cash equivalents held by variable interest entities | 341.0 | 114.5 |
| Accrued investment income | 286.4 | 251.5 |
| Present value of future profits | 161.0 | 180.7 |
| Deferred acquisition costs | 2,158.6 | 1,944.4 |
| Reinsurance receivables (net of allowance for credit losses: 2024 - $3.0 and 2023 - $3.0) | 3,854.7 | 4,040.7 |
| Income tax assets, net | 818.9 | 936.2 |
| Assets held in separate accounts | 3.3 | 3.1 |
| Other assets | 699.9 | 641.1 |
| Total assets | $37,852.6 | $35,027.1 |
(continued on next page)
CONSOLIDATED BALANCE SHEET, continued
December 31, 2024 and 2023
LIABILITIES AND SHAREHOLDERS' EQUITY
| 2024 | 2023 | |
|---|---|---|
| Liabilities: | ||
| Liabilities for insurance products: | ||
| Policyholder account balances | $17,615.8 | $15,222.5 |
| Future policy benefits | 11,705.5 | 12,188.4 |
| Market risk benefit liability | 60.0 | 117.1 |
| Liability for life insurance policy claims | 61.1 | 62.1 |
| Unearned and advanced premiums | 226.8 | 218.9 |
| Liabilities related to separate accounts | 3.3 | 3.1 |
| Other liabilities | 1,161.8 | 848.8 |
| Investment borrowings | 2,188.8 | 2,189.3 |
| Borrowings related to variable interest entities | 497.6 | 820.8 |
| Notes payable – direct corporate obligations | 1,833.5 | 1,140.5 |
| Total liabilities | 35,354.2 | 32,811.5 |
| Commitments and Contingencies (Note 8) | ||
| Shareholders' equity: | ||
| Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: 2024 - 101,618,957 and 2023 - 109,357,540) | 1.0 | 1.1 |
| Additional paid-in capital | 1,632.5 | 1,891.5 |
| 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 | $37,852.6 | $35,027.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.