CNO Financial : Third Quarter 2024 Bankers Life and Casualty Company

CNO

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE BANKERS LIFE AND CASUALTY COMPANY

ASSETS

Current Statement Date

4

1

2

3

December 31

Net Admitted Assets

Prior Year Net

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Admitted Assets

1. Bonds

...........17,877,902,277

...................................

...........

17,877,902,277

.......... 16,990,997,386

2. Stocks:

2.1 Preferred stocks

132,254,991

...................................

132,254,991

134,247,816

2.2 Common stocks

968,591,765

63,424

968,528,341

717,743,192

3.

Mortgage loans on real estate:

3.1 First liens

..................................................................................................

1,308,315,281

...................................

1,308,315,281

1,228,331,828

3.2 Other than first liens

...................................

...................................

...................................

...................................

4.

Real estate:

4.1 Properties occupied by the company (less $

encumbrances)

...................................

...................................

...................................

...................................

4.2 Properties held for the production of income (less

$

encumbrances)

...................................

...................................

...................................

...................................

4.3 Properties held for sale (less $

.......................................................................................encumbrances)

...................................

...................................

...................................

...................................

5.

Cash ($

56,808,380 ), cash equivalents

($

393,344,280

) and short-term

investments ($

27,336,788 )

................477,489,448

...................................

................477,489,448

................205,913,884

6.

Contract loans (including $

...................................

premium notes)

................. 85,036,355

..........................4,655

................. 85,031,700

................. 80,439,427

7.

Derivatives

................369,195,648

...................................

................369,195,648

................235,114,679

8.

Other invested assets

............... 686,022,908

.......................... 3,234

................686,019,674

................725,287,400

9.

Receivables for securities

................. 13,947,710

...................................

................. 13,947,710

................... 4,140,632

10.

Securities lending reinvested collateral assets

...................................

...................................

...................................

...................................

11.

Aggregate write-ins for invested assets

................. 95,630,871

...................................

................. 95,630,871

................. 76,123,513

12.

Subtotals, cash and invested assets (Lines 1 to 11)

.......... 22,014,387,255

........................ 71,313

.......... 22,014,315,941

...........20,398,339,755

13.

Title plants less $ ................................... charged off (for Title insurers

only)

...................................

...................................

...................................

...................................

14.

Investment income due and accrued

................178,418,177

...................................

................178,418,177

................164,800,479

15.

Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of collection

................... 3,683,958

.......................137,308

................... 3,546,651

................... 3,742,029

15.2 Deferred premiums, agents' balances and installments booked but

...................................deferred and not yet due (including $

earned but unbilled premiums)

74,762,710

...................................

74,762,710

69,796,445

15.3 Accrued retrospective premiums ($

) and

contracts subject to redetermination ($

)

................................... ................................... ................................... ...................................

16. Reinsurance:

....................................................16.1 Amounts recoverable from reinsurers

...................1,025,482

...................................

...................1,025,482

...................1,089,966

16.2 Funds held by or deposited with reinsured companies

...................................

...................................

...................................

...................................

16.3 Other amounts receivable under reinsurance contracts

................. 12,434,288

...................................

................. 12,434,288

................. 50,080,926

17.

Amounts receivable relating to uninsured plans

...................................

...................................

...................................

...................................

18.1

....Current federal and foreign income tax recoverable and interest thereon

................... 4,347,737

...................................

................... 4,347,737

................... 2,043,455

18.2

Net deferred tax asset

................289,127,461

................166,708,247

................122,419,213

............... 114,016,966

19.

Guaranty funds receivable or on deposit

................... 5,734,800

...................................

................... 5,734,800

................... 5,754,551

20.

Electronic data processing equipment and software

...................... 265,865

...................................

...................... 265,865

.......................629,327

21.

Furniture and equipment, including health care delivery assets

($

)

................... 4,342,105

................... 4,342,105

...................................

...................................

22.

.........Net adjustment in assets and liabilities due to foreign exchange rates

...................................

...................................

...................................

...................................

23.

Receivables from parent, subsidiaries and affiliates

................... 5,580,534

...................................

................... 5,580,534

................. 21,375,137

24.

Health care ($

) and other amounts receivable

................. 37,171,164

..................35,777,379

................... 1,393,785

...................1,889,055

25.

........................................Aggregate write-ins for other than invested assets

................403,522,239

...................................

................403,522,239

................306,757,255

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

...........23,034,803,776

................207,036,353

.......... 22,827,767,424

.......... 21,140,315,345

27.

From Separate Accounts, Segregated Accounts and Protected Cell

Accounts

...................................

...................................

...................................

...................................

28.

Total (Lines 26 and 27)

23,034,803,776

207,036,353

22,827,767,424

21,140,315,345

DETAILS OF WRITE-INS

1101.

Assets held in rabbi trust for agents' deferred compensation program

................. 95,630,871

...................................

................. 95,630,871

................. 76,123,513

1102.

......................................................................................................................

....................................

....................................

....................................

....................................

1103.

......................................................................................................................

....................................

....................................

....................................

....................................

1198.

Summary of remaining write-ins for Line 11 from overflow page

...................................

...................................

...................................

...................................

1199.

Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

95,630,871

95,630,871

76,123,513

2501.

Cash surrender value of company owned life insurance

................398,091,990

...................................

................398,091,990

................303,031,568

2502.

Transferable state tax credits

.................................................................

................... 5,430,249

...................................

................... 5,430,249

................... 3,725,687

2503.

.......................................................................................................................

....................................

....................................

....................................

....................................

2598.

...................Summary of remaining write-ins for Line 25 from overflow page

...................................

...................................

...................................

...................................

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

403,522,239

403,522,239

306,757,255

2

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE BANKERS LIFE AND CASUALTY COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

1

2

Current

December 31

Statement Date

Prior Year

1.

Aggregate reserve for life contracts $

.......... 13,922,965,366

less $

included in Line 6.3

(including $

7,279,567,808

Modco Reserve)

13,922,965,366

13,351,739,263

2.

Aggregate reserve for accident and health contracts (including $

Modco Reserve)

2,429,018,925

2,352,811,438

3.

Liability for deposit-type contracts (including $

Modco Reserve)

4,328,189,465

3,167,951,487

4.

Contract claims:

4.1 Life

27,752,253

27,983,743

4.2 Accident and health

150,793,894

153,544,558

5.

Policyholders' dividends/refunds to members $

and coupons $

due

and unpaid

...................................

...................................

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

6.1

Policyholders' dividends and refunds to members apportioned for payment (including $

...................................

Modco)

110,106

115,320

6.2

Policyholders' dividends and refunds to members not yet apportioned (including $

Modco) ....

...................................

...................................

6.3

Coupons and similar benefits (including $

Modco)

...................................

...................................

7.

Amount provisionally held for deferred dividend policies not included in Line 6

...................................

...................................

8.

Premiums and annuity considerations for life and accident and health contracts received in advance less

$

................................... discount; including $

17,108,060 accident and health premiums

19,470,575

22,004,399

9.

Contract liabilities not included elsewhere:

9.1

Surrender values on canceled contracts

...................................

...................................

9.2

Provision for experience rating refunds, including the liability of $

accident and health

experience rating refunds of which $

is for medical loss ratio rebate per the Public Health

Service Act

...................................

...................................

9.3 Other amounts payable on reinsurance, including $

assumed and $

44,389,358

ceded

44,389,358

4,493,016

9.4 Interest Maintenance Reserve

194,282,645

213,658,920

10.

Commissions to agents due or accrued-life and annuity contracts $

10,113,390

, accident and health

$

...................................................... 1,744,593 and deposit-type contract funds $

..................................................

................. 11,857,983

................. 11,007,279

11.

..............................................................................Commissions and expense allowances payable on reinsurance assumed

...................................

...................................

12.

............................................................................................................................................General expenses due or accrued

................162,532,060

................164,283,303

13.

Transfers to Separate Accounts due or accrued (net) (including $

accrued for expense

allowances recognized in reserves, net of reinsured allowances)

...................................

...................................

14.

Taxes, licenses and fees due or accrued, excluding federal income taxes

................... 6,127,248

...................6,881,041

15.1

Current federal and foreign income taxes, including $

on realized capital gains (losses)

...................................

...................................

15.2

Net deferred tax liability

...................................

...................................

16.

Unearned investment income

................... 2,636,524

................... 2,483,289

17.

.......................................................................................Amounts withheld or retained by reporting entity as agent or trustee

................... 1,140,788

...................... 558,060

18.

.................Amounts held for agents' account, including $

...........................................14,599,466 agents' credit balances

................. 14,839,956

................. 29,575,860

19.

........................................................................................................................................Remittances and items not allocated

................. 45,781,732

................. 46,191,719

20.

Net adjustment in assets and liabilities due to foreign exchange rates

...................................

...................................

21.

.......................................................................................Liability for benefits for employees and agents if not included above

...................................

...................................

22.

...................................Borrowed money $

...................................and interest thereon $

...........................................

...................................

...................................

23.

.......................................................................................................................Dividends to stockholders declared and unpaid

...................................

...................................

24.

Miscellaneous liabilities:

...................................................................................................................................................24.01 Asset valuation reserve

................298,303,827

................266,397,127

...................................24.02 Reinsurance in unauthorized and certified ($

.......................................................) companies

...................................

...................................

24.03 Funds held under reinsurance treaties with unauthorized and certified ($

...................................

) reinsurers

...................................

...................................

24.04 Payable to parent, subsidiaries and affiliates

...................1,954,002

................... 2,467,209

...........................................................................................................................................................24.05 Drafts outstanding

...................................

...................................

............................................................................................................24.06 Liability for amounts held under uninsured plans

...................................

...................................

........................................................................................................................................24.07 Funds held under coinsurance

...................................

...................................

24.08 Derivatives

...................................

...................................

24.09 Payable for securities

................. 24,618,166

...................2,202,064

.........................................................................................................................................24.10 Payable for securities lending

...................................

...................................

24.11 Capital notes $

and interest thereon $

...........................................

...................................

...................................

25.

Aggregate write-ins for liabilities

179,660,757

280,745,354

26.

Total liabilities excluding Separate Accounts business (Lines 1 to 25)

21,866,425,630

20,107,094,447

27.

.........................................................................................................................................From Separate Accounts Statement

...................................

...................................

28.

Total liabilities (Lines 26 and 27)

21,866,425,630

20,107,094,447

29.

Common capital stock

10,000,000

10,000,000

30.

..............................................................................................................................................................Preferred capital stock

...................................

...................................

31.

..........................................................................................................Aggregate write-ins for other than special surplus funds

...................................

...................................

32.

............................................................................................................................................................................Surplus notes

...................................

...................................

33.

.......................................................................................................................................Gross paid in and contributed surplus

................951,341,794

................988,621,970

34.

Aggregate write-ins for special surplus funds

...........................................................................................................................

...................................

...................................

35.

Unassigned funds (surplus)

...................................

................. 34,598,928

36.

Less treasury stock, at cost:

36.1

................................... shares common (value included in Line 29

$

)

...................................

...................................

36.2

................................... shares preferred (value included in Line 30

$

)

...................................

...................................

37.

Surplus (Total Lines 31+32+33+34+35-36) (including $

in Separate Accounts Statement)

951,341,794

1,023,220,898

38.

Totals of Lines 29, 30 and 37

961,341,794

1,033,220,898

39.

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

22,827,767,424

21,140,315,345

DETAILS OF WRITE-INS

2501.

........................................................Liability for agents' deferred compensation program funded through a rabbi trust

................. 96,935,394

................. 76,975,398

2502.

Unclaimed funds

................. 79,411,123

................. 69,710,392

2503.

Liability for index credits under modified coinsurance ceded agreement

................... 2,950,133

................133,695,456

2598.

..............................................................................................Summary of remaining write-ins for Line 25 from overflow page

.......................364,107

.......................364,107

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

179,660,757

280,745,354

3101

....................................

....................................

3102. ................................................................................................................................................................................................... .................................... ....................................

3103. ................................................................................................................................................................................................... .................................... ....................................

3198. Summary of remaining write-ins for Line 31 from overflow page .............................................................................................. ................................... ...................................

3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

3401. ................................................................................................................................................................................................... .................................... ....................................

3402. ................................................................................................................................................................................................... .................................... ....................................

3403. ................................................................................................................................................................................................... .................................... ....................................

3498. Summary of remaining write-ins for Line 34 from overflow page .............................................................................................. ................................... ...................................

3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

3

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE BANKERS LIFE AND CASUALTY COMPANY

SUMMARY OF OPERATIONS

1

2

3

Current Year

Prior Year

Prior Year Ended

To Date

To Date

December 31

1.

Premiums and annuity considerations for life and accident and health contracts

............ 1,061,974,334

............ 2,064,201,699

............ 2,413,152,091

2.

Considerations for supplementary contracts with life contingencies

...................2,066,585

...................1,921,148

...................2,591,421

3.

Net investment income

............... 961,010,985

................696,204,532

............ 1,032,756,448

4.

Amortization of Interest Maintenance Reserve (IMR)

................. (6,412,774)

................. (2,677,459)

................. (4,278,757)

5.

Separate Accounts net gain from operations excluding unrealized gains or losses

...................................

...................................

...................................

6.

Commissions and expense allowances on reinsurance ceded

............... 190,082,664

................. 15,760,369

................. 74,442,214

7.

Reserve adjustments on reinsurance ceded

............... 615,920,159

...................................

............... 241,465,998

8.

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract

guarantees from Separate Accounts

...................................

...................................

...................................

8.2 Charges and fees for deposit-type contracts

............................. 450

............................. 430

............................. 587

8.3 Aggregate write-ins for miscellaneous income

14,884,741

7,252,453

13,187,737

9.

Totals (Lines 1 to 8.3)

2,839,527,145

2,782,663,173

3,773,317,739

10.

Death benefits

187,977,299

................186,270,225

................246,202,741

11.

Matured endowments (excluding guaranteed annual pure endowments)

.......................174,236

...................... 190,025

...................... 260,676

12.

Annuity benefits

................172,583,755

................259,490,823

................313,785,830

13.

Disability benefits and benefits under accident and health contracts

................429,464,234

................442,577,513

................588,276,194

14.

Coupons, guaranteed annual pure endowments and similar benefits

............................. 140

............................. 140

............................. 198

15.

Surrender benefits and withdrawals for life contracts

................477,682,359

................680,168,553

................825,900,380

16.

Group conversions

...................................

...................................

...................................

17.

Interest and adjustments on contract or deposit-type contract funds

................110,379,291

................. 78,251,034

................108,780,128

18.

Payments on supplementary contracts with life contingencies

...................4,209,055

................... 4,532,701

................... 5,986,874

19.

Increase in aggregate reserves for life and accident and health contracts

647,433,590

475,032,832

749,822,231

20.

Totals (Lines 10 to 19)

............ 2,029,903,959

............ 2,126,513,845

............ 2,839,015,252

21.

Commissions on premiums, annuity considerations, and deposit-type contract funds (direct

business only)

................181,659,353

............... 162,695,001

................221,747,644

22.

Commissions and expense allowances on reinsurance assumed

................. 27,086,741

................. 31,778,054

................. 41,481,150

23.

General insurance expenses and fraternal expenses

................305,107,568

............... 291,522,521

................389,341,241

24.

Insurance taxes, licenses and fees, excluding federal income taxes

................. 28,113,914

................. 27,341,297

................. 37,127,095

25.

Increase in loading on deferred and uncollected premiums

................... 3,489,654

................... 9,614,325

...................6,965,966

26.

Net transfers to or (from) Separate Accounts net of reinsurance

...................................

...................................

...................................

27.

Aggregate write-ins for deductions

145,860,492

13,815

55,133,812

28.

Totals (Lines 20 to 27)

2,721,221,680

2,649,478,859

3,590,812,161

29.

Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus

Line 28)

................118,305,465

................133,184,314

................182,505,578

30.

Dividends to policyholders and refunds to members

80,553

87,092

112,910

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal

income taxes (Line 29 minus Line 30)

............... 118,224,912

................133,097,222

................182,392,668

32.

Federal and foreign income taxes incurred (excluding tax on capital gains)

57,302,284

53,184,881

85,211,099

33.

Net gain from operations after dividends to policyholders, refunds to members and federal income

taxes and before realized capital gains or (losses) (Line 31 minus Line 32)

................. 60,922,628

................. 79,912,341

................. 97,181,569

34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital

gains tax of $

(3,850,579) (excluding taxes of $

(3,582,138)

transferred to the IMR)

(7,007,670)

(17,697,331)

(17,338,094)

35.

Net income (Line 33 plus Line 34)

53,914,959

62,215,010

79,843,475

CAPITAL AND SURPLUS ACCOUNT

36.

Capital and surplus, December 31, prior year

1,033,220,898

1,352,762,293

1,352,762,293

37.

Net income (Line 35)

53,914,959

62,215,010

79,843,475

38.

Change in net unrealized capital gains (losses) less capital gains tax of $

.............. (2,516,090)

10,413,129

10,159,849

17,959,766

39.

Change in net unrealized foreign exchange capital gain (loss)

...................................

...................................

...................................

40.

Change in net deferred income tax

38,395,667

30,483,913

44,214,660

41.

............................................................................................................Change in nonadmitted assets

................(32,318,829)

................(30,441,641)

................(40,564,941)

42.

.......................................Change in liability for reinsurance in unauthorized and certified companies

...................................

...................................

...................................

43.

..........................Change in reserve on account of change in valuation basis, (increase) or decrease

...................................

...................................

...................................

44.

Change in asset valuation reserve

(31,906,700)

(22,459,263)

(36,751,988)

45.

Change in treasury stock

...................................

...................................

...................................

46.

.........................................Surplus (contributed to) withdrawn from Separate Accounts during period

...................................

...................................

...................................

47.

................................................................Other changes in surplus in Separate Accounts Statement

...................................

...................................

...................................

48.

Change in surplus notes

...................................

...................................

...................................

49.

Cumulative effect of changes in accounting principles

...................................

...................................

...................................

50.

Capital changes:

50.1 Paid in

...................................

...................................

...................................

..................................................................................50.2 Transferred from surplus (Stock Dividend)

...................................

...................................

...................................

..................................................................................................................50.3 Transferred to surplus

...................................

...................................

...................................

51.

Surplus adjustment:

51.1 Paid in

(37,280,176)

20,000,000

20,000,000

........................................................................................51.2 Transferred to capital (Stock Dividend)

...................................

...................................

...................................

...............................................................................................................51.3 Transferred from capital

...................................

...................................

...................................

...............................................................................51.4 Change in surplus as a result of reinsurance

(5,377,329)

...................................

58,612,440

52.

Dividends to stockholders

................(67,719,824)

................(55,000,000)

..............(459,295,794)

53.

.............................................................................Aggregate write-ins for gains and losses in surplus

6,800,000

(3,559,015)

54.

Net change in capital and surplus for the year (Lines 37 through 53)

(71,879,104)

21,757,869

(319,541,396)

55.

Capital and surplus, as of statement date (Lines 36 + 54)

961,341,794

1,374,520,162

1,033,220,898

DETAILS OF WRITE-INS

.....................08.301. Change in cash surrender value of company owned life insurance, net of premiums

................. 13,056,819

...................1,489,126

................... 3,973,533

08.302. Death benefit proceeds from company owned life insurance

1,569,467

................... 5,736,574

...................9,116,528

08.303. Gain from utilization of transferable state tax credits

255,302

22,551

92,301

........................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page

.......................... 3,153

..........................4,202

.......................... 5,375

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

14,884,741

7,252,453

13,187,737

2701.

Index credits incurred under modified coinsurance ceded agreement

145,860,492

...................................

55,119,997

2702.

................................................................Transfer of reserves under coinsurance ceded agreement

...................................

........................ 13,039

........................ 13,039

2703.

.............................................................................................Penalties from regulatory authorities

...................................

............................. 776

............................. 776

2798.

.........................................................Summary of remaining write-ins for Line 27 from overflow page

...................................

...................................

...................................

2799.

Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

145,860,492

13,815

55,133,812

5301.

Change in liability for deferred compensation obligation

6,800,000

(3,559,015)

5302

....................................

....................................

....................................

5303

....................................

....................................

....................................

5398.

Summary of remaining write-ins for Line 53 from overflow page

...................................

...................................

...................................

5399.

Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

6,800,000

(3,559,015)

4

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE BANKERS LIFE AND CASUALTY COMPANY

CASH FLOW

Cash from Operations

1

Current Year

To Date

2

Prior Year

To Date

3

Prior Year Ended

December 31

1.

Premiums collected net of reinsurance

............ 1,053,238,336

............ 2,041,787,812

............ 2,400,613,956

2.

Net investment income

................688,880,667

................643,083,886

................876,683,373

3.

Miscellaneous income

224,180,346

26,776,755

43,425,947

4.

Total (Lines 1 to 3)

1,966,299,349

2,711,648,453

3,320,723,276

5.

Benefit and loss related payments

................728,667,399

............ 1,656,444,101

............ 1,849,395,566

6.

Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts

...................................

...................................

...................................

7.

...............................................Commissions, expenses paid and aggregate write-ins for deductions

................806,593,556

................493,048,577

................513,703,518

8.

Dividends paid to policyholders

........................ 85,767

........................ 91,740

...................... 120,190

9.

Federal and foreign income taxes paid (recovered) net of $

(7,432,717) tax on capital

gains (losses)

52,173,849

58,952,240

74,835,469

10.

Total (Lines 5 through 9)

1,587,520,570

2,208,536,658

2,438,054,743

11.

Net cash from operations (Line 4 minus Line 10)

378,778,779

503,111,795

882,668,533

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

12.1

Bonds

............ 2,155,890,065

............ 1,160,236,078

............ 1,587,977,023

12.2

Stocks

................... 2,795,123

...................................

...................1,010,409

12.3

Mortgage loans

................. 43,764,105

................. 38,637,230

................. 63,106,863

12.4

Real estate

...................................

...................................

...................................

12.5

Other invested assets

................. 56,579,630

................. 37,216,535

................. 62,704,908

12.6

Net gains or (losses) on cash, cash equivalents and short-term investments

...................... (22,280)

...................... (10,599)

...................... (11,621)

12.7

Miscellaneous proceeds

114,627,923

8,334,037

642

12.8 Total investment proceeds (Lines 12.1 to 12.7)

............ 2,373,634,566

............ 1,244,413,281

............ 1,714,788,224

13.

Cost of investments acquired (long-term only):

13.1

Bonds

............ 3,056,663,214

............ 1,550,602,523

............ 1,726,260,500

13.2

Stocks

................230,845,289

................361,922,132

................399,009,922

13.3

Mortgage loans

................128,457,021

................232,001,339

................307,701,339

13.4

Real estate

...................................

...................................

...................................

13.5

Other invested assets

................. 48,727,554

................. 25,997,022

................. 48,777,630

13.6

Miscellaneous applications

76,358,804

71,666,041

13.7

Total investments acquired (Lines 13.1 to 13.6)

3,464,693,078

2,246,881,819

2,553,415,433

14.

Net increase (or decrease) in contract loans and premium notes

4,589,759

3,899,522

5,639,700

15.

Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)

(1,095,648,271)

(1,006,368,061)

(844,266,908)

Cash from Financing and Miscellaneous Sources

16.

Cash provided (applied):

16.1

Surplus notes, capital notes

...................................

...................................

...................................

16.2

Capital and paid in surplus, less treasury stock

................(37,280,176)

................. 20,000,000

................. 20,000,000

16.3

Borrowed funds

...................................

...................................

...................................

16.4

Net deposits on deposit-type contracts and other insurance liabilities

............ 1,160,237,978

................388,344,591

................489,792,662

..........................................................................................................16.5 Dividends to stockholders

................. 67,719,824

................. 55,000,000

................459,295,794

....................................................................................................16.6 Other cash provided (applied)

(66,792,921)

(11,551,160)

(90,960,575)

17.

Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5

plus Line 16.6)

988,445,057

341,793,432

(40,463,707)

RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18.

.Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)

................271,575,565

..............(161,462,834)

................. (2,062,082)

19.

Cash, cash equivalents and short-term investments:

19.1

Beginning of year

................205,913,884

................207,975,966

................207,975,966

19.2 End of period (Line 18 plus Line 19.1)

477,489,448

46,513,132

205,913,884

Note: Supplemental disclosures of cash flow information for non-cash transactions:

20.0001.

Exchanges and transfers of invested assets

................. 10,700,309

................... 4,612,232

................... 9,742,139

20.0002.

Capitalized interest

................... 3,621,202

................... 1,520,741

...................1,581,561

5

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE BANKERS LIFE AND CASUALTY COMPANY

EXHIBIT 1

DIRECT PREMIUMS AND DEPOSIT-TYPE CONTRACTS

1

2

3

Current Year

Prior Year

Prior Year Ended

To Date

To Date

December 31

1.

Individual life

................379,279,945

................385,102,702

................499,632,927

2.

Group life

...................................

...................................

...................................

3.

Individual annuities

1,272,609,235

1,123,239,143

1,554,050,828

4.

Group annuities

...................................

...................................

...................................

5.

Accident & health

428,516,149

436,372,291

579,497,568

6.

Fraternal

...................................

...................................

...................................

7.

Other lines of business

...................................

...................................

...................................

8.

Subtotal (Lines 1 through 7)

2,080,405,329

1,944,714,135

2,633,181,323

9.

Deposit-type contracts

............ 1,417,916,821

................708,886,781

................810,093,641

10.

Total (Lines 8 and 9)

3,498,322,150

2,653,600,916

3,443,274,964

6

Disclaimer

CNO Financial Group Inc. published this content on November 13, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 13, 2024 at 17:42:07.918.