2019 Q1 Form 10-Q Financial Statement

#000122460819000024 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.023B $1.008B
YoY Change 1.51% -5.87%
Cost Of Revenue $623.5M $586.6M
YoY Change 6.29% -12.36%
Gross Profit $399.5M $421.2M
YoY Change -5.15% 4.93%
Gross Profit Margin 39.05% 41.79%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.60M $78.70M
YoY Change -15.37% 12.43%
% of Gross Profit 16.67% 18.68%
Operating Expenses $916.4M $866.1M
YoY Change 5.81% -8.17%
Operating Profit $83.40M $94.90M
YoY Change -12.12% -117.52%
Interest Expense $41.00M $33.60M
YoY Change 22.02% 9.09%
% of Operating Profit 49.16% 35.41%
Other Income/Expense, Net
YoY Change
Pretax Income $65.60M $108.1M
YoY Change -39.32% 11.79%
Income Tax $13.80M $23.80M
% Of Pretax Income 21.04% 22.02%
Net Earnings $51.80M $84.30M
YoY Change -38.55% 35.31%
Net Earnings / Revenue 5.06% 8.36%
Basic Earnings Per Share $0.32 $0.50
Diluted Earnings Per Share $0.32 $0.50
COMMON SHARES
Basic Shares Outstanding 160.9M shares 167.1M shares
Diluted Shares Outstanding 162.2M shares 169.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $691.3M $726.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $23.68B $27.42B
YoY Change -13.63% 3.9%
Other Assets $480.0M $450.0M
YoY Change 6.67% -35.53%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $31.44B $32.81B
YoY Change -4.18% 2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.980B $3.972B
YoY Change 0.2% -5.32%
Other Long-Term Liabilities $804.0M $869.0M
YoY Change -7.48% 8.9%
Total Long-Term Liabilities $4.784B $4.841B
YoY Change -1.18% -3.04%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $4.784B $4.841B
Total Liabilities $28.48B $28.19B
YoY Change 1.01% 1.33%
SHAREHOLDERS EQUITY
Retained Earnings $193.5M $576.7M
YoY Change -66.45% -11.29%
Common Stock $2.954B $3.077B
YoY Change -4.01% -4.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.368B $4.848B
YoY Change
Total Liabilities & Shareholders Equity $32.31B $32.81B
YoY Change -1.51% 2.61%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $51.80M $84.30M
YoY Change -38.55% 35.31%
Depreciation, Depletion And Amortization $66.60M $78.70M
YoY Change -15.37% 12.43%
Cash From Operating Activities $142.3M $72.20M
YoY Change 97.09% -49.65%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $10.60M $7.600M
YoY Change 39.47% -14.61%
Cash From Investing Activities -$126.1M -$98.10M
YoY Change 28.54% -191.68%
FINANCING ACTIVITIES
Cash Dividend Paid $16.40M $15.40M
YoY Change 6.49% 10.0%
Common Stock Issuance & Retirement, Net $41.20M $4.600M
YoY Change 795.65% -87.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $18.50M -$5.000M
YoY Change -470.0% -85.25%
NET CHANGE
Cash From Operating Activities $142.3M $72.20M
Cash From Investing Activities -$126.1M -$98.10M
Cash From Financing Activities $18.50M -$5.000M
Net Change In Cash $34.70M -$30.90M
YoY Change -212.3% -114.27%
FREE CASH FLOW
Cash From Operating Activities $142.3M $72.20M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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272300000 USD
CY2018Q1 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
298800000 USD
CY2019Q1 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
31800000 USD
CY2018Q1 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
21200000 USD
CY2019Q1 cno Insurance Policy Benefits
InsurancePolicyBenefits
407700000 USD
CY2018Q1 cno Insurance Policy Benefits
InsurancePolicyBenefits
531400000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
28900000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Adjustment To Insurance Liabilities Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
AccumulatedOtherComprehensiveIncomeAdjustmentToInsuranceLiabilitiesDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
-29500000 USD
CY2019Q1 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
241800000 USD
CY2018Q1 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
246200000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5000000.0 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22100000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
142300000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
72200000 USD
CY2019Q1 cno Sales Of Investments
SalesOfInvestments
1775500000 USD
CY2018Q1 cno Sales Of Investments
SalesOfInvestments
1163100000 USD
CY2019Q1 cno Maturities And Redemptions Of Investments
MaturitiesAndRedemptionsOfInvestments
516200000 USD
CY2018Q1 cno Maturities And Redemptions Of Investments
MaturitiesAndRedemptionsOfInvestments
547100000 USD
CY2019Q1 cno Purchases Of Investments
PurchasesOfInvestments
2406500000 USD
CY2018Q1 cno Purchases Of Investments
PurchasesOfInvestments
1798700000 USD
CY2019Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
700000 USD
CY2018Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
2000000.0 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
10600000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
7600000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-126100000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-98100000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2800000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44000000.0 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4600000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
16400000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
15400000 USD
CY2019Q1 us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
420100000 USD
CY2018Q1 us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
355600000 USD
CY2019Q1 us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
342800000 USD
CY2018Q1 us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
339700000 USD
CY2019Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
50000000.0 USD
CY2018Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
0 USD
CY2019Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
50300000 USD
CY2018Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
200000 USD
CY2019Q1 cno Repayments Of Investment Borrowings Related To Variable Interest Entities
RepaymentsOfInvestmentBorrowingsRelatedToVariableInterestEntities
900000 USD
CY2018Q1 cno Repayments Of Investment Borrowings Related To Variable Interest Entities
RepaymentsOfInvestmentBorrowingsRelatedToVariableInterestEntities
700000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18500000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5000000.0 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34700000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-30900000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
656600000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
757300000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
691300000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
726400000 USD
CY2019Q1 cno Number Of Product Distribution Channels
NumberOfProductDistributionChannels
3 distribution_channel
CY2019Q1 cno Accumulated Other Comprehensive Income Loss Net Unrealized Appreciation Depreciation On Fixed Maturity Securities Available For Sale When Other Than Temporary Impairment Loss Was Recognized
AccumulatedOtherComprehensiveIncomeLossNetUnrealizedAppreciationDepreciationOnFixedMaturitySecuritiesAvailableForSaleWhenOtherThanTemporaryImpairmentLossWasRecognized
1300000 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Loss Net Unrealized Appreciation Depreciation On Fixed Maturity Securities Available For Sale When Other Than Temporary Impairment Loss Was Recognized
AccumulatedOtherComprehensiveIncomeLossNetUnrealizedAppreciationDepreciationOnFixedMaturitySecuritiesAvailableForSaleWhenOtherThanTemporaryImpairmentLossWasRecognized
1200000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Loss Net Unrealized Gains Losses On All Other Investments
AccumulatedOtherComprehensiveIncomeLossNetUnrealizedGainsLossesOnAllOtherInvestments
962500000 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Loss Net Unrealized Gains Losses On All Other Investments
AccumulatedOtherComprehensiveIncomeLossNetUnrealizedGainsLossesOnAllOtherInvestments
271300000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Loss Adjustment To Present Value Of Future Profits
AccumulatedOtherComprehensiveIncomeLossAdjustmentToPresentValueOfFutureProfits
-4600000 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Loss Adjustment To Present Value Of Future Profits
AccumulatedOtherComprehensiveIncomeLossAdjustmentToPresentValueOfFutureProfits
-4500000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Loss Adjustment To Deferred Policy Acquisition Costs
AccumulatedOtherComprehensiveIncomeLossAdjustmentToDeferredPolicyAcquisitionCosts
-93000000.0 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Loss Adjustment To Deferred Policy Acquisition Costs
AccumulatedOtherComprehensiveIncomeLossAdjustmentToDeferredPolicyAcquisitionCosts
-38300000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Adjustment To Insurance Liabilities Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
AccumulatedOtherComprehensiveIncomeAdjustmentToInsuranceLiabilitiesDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
-29500000 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Adjustment To Insurance Liabilities Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
AccumulatedOtherComprehensiveIncomeAdjustmentToInsuranceLiabilitiesDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
-2500000 USD
CY2019Q1 cno Accumulated Other Comprehensive Income Loss Deferred Income Tax Liabilities
AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxLiabilities
-181800000 USD
CY2018Q4 cno Accumulated Other Comprehensive Income Loss Deferred Income Tax Liabilities
AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxLiabilities
-49500000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
654900000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
177700000 USD
CY2019Q1 cno Reduction To Present Value Of Future Profits Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
ReductionToPresentValueOfFutureProfitsDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
1800000 USD
CY2019Q1 cno Reduction To Deferred Acquisition Costs Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
ReductionToDeferredAcquisitionCostsDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
2700000 USD
CY2019Q1 cno Increase To Deferred Tax Assets Due To Unrealized Gains That Would Result In Premium Deficiency If Unrealized Gains Were Realized
IncreaseToDeferredTaxAssetsDueToUnrealizedGainsThatWouldResultInPremiumDeficiencyIfUnrealizedGainsWereRealized
7400000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
435700000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
441700000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1218400000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1259400000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
1449100000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1492600000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
10121700000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
10804200000 USD
CY2019Q1 cno Available For Sale Securities Debt Maturities Amortized Cost Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostExcludingStructuredSecurities
13224900000 USD
CY2019Q1 cno Available For Sale Securities Debt Maturities Fair Value Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesFairValueExcludingStructuredSecurities
13997900000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
5252600000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
5470500000 USD
CY2019Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
18477500000 USD
CY2019Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
19468400000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
405600000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
409800000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1346800000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1377100000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
1648200000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1625700000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
9706900000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
9892500000 USD
CY2018Q4 cno Available For Sale Securities Debt Maturities Amortized Cost Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostExcludingStructuredSecurities
13107500000 USD
CY2018Q4 cno Available For Sale Securities Debt Maturities Fair Value Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesFairValueExcludingStructuredSecurities
13305100000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
5000300000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
5142600000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
18107800000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18447700000 USD
CY2019Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
16100000 USD
CY2018Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-15200000 USD
CY2019Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
16100000 USD
CY2019Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2200000 USD
CY2018Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-15200000 USD
CY2019Q1 cno Available For Sale Securities Value Of Securities Sold
AvailableForSaleSecuritiesValueOfSecuritiesSold
747400000 USD
CY2019Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2200000 USD
CY2018Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2019Q1 cno Available For Sale Securities Other Than Temporary Impairments Included In Accumulated Other Comprehensive Income Loss
AvailableForSaleSecuritiesOtherThanTemporaryImpairmentsIncludedInAccumulatedOtherComprehensiveIncomeLoss
500000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1400400000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
18500000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
2188800000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
104400000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
3589200000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
122900000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
6310700000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
308600000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1465000000.0 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
114700000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
7775700000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
423300000 USD
CY2019Q1 cno Revenues Excluding Realized Gains Losses
RevenuesExcludingRealizedGainsLosses
984000000.0 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
51800000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
84300000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160948000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167060000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1241000 shares
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2617000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162189000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169677000 shares
CY2018Q3 cno Statutory Liabilities Transferred Reinsurance Transaction
StatutoryLiabilitiesTransferredReinsuranceTransaction
2700000000 USD
CY2019Q1 cno Revenues Excluding Realized Gains Losses
RevenuesExcludingRealizedGainsLosses
984000000.0 USD
CY2018Q1 cno Revenues Excluding Realized Gains Losses
RevenuesExcludingRealizedGainsLosses
1005900000 USD
CY2019Q1 cno Benefits Losses And Expenses Excluding Amortization Related To Realized Gains Losses And Fair Value Changes In Embedded Derivative Liabilities Net Of Related Amortization And Income Taxes
BenefitsLossesAndExpensesExcludingAmortizationRelatedToRealizedGainsLossesAndFairValueChangesInEmbeddedDerivativeLiabilitiesNetOfRelatedAmortizationAndIncomeTaxes
900600000 USD
CY2018Q1 cno Benefits Losses And Expenses Excluding Amortization Related To Realized Gains Losses And Fair Value Changes In Embedded Derivative Liabilities Net Of Related Amortization And Income Taxes
BenefitsLossesAndExpensesExcludingAmortizationRelatedToRealizedGainsLossesAndFairValueChangesInEmbeddedDerivativeLiabilitiesNetOfRelatedAmortizationAndIncomeTaxes
911000000.0 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
83400000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
94900000 USD
CY2018Q1 cno Revenues Excluding Realized Gains Losses
RevenuesExcludingRealizedGainsLosses
1005900000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
16100000 USD
CY2018Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-15200000 USD
CY2019Q1 cno Revenues Related To Certain Non Strategic Investments And Earnings Attributable To Non Controlling Interests
RevenuesRelatedToCertainNonStrategicInvestmentsAndEarningsAttributableToNonControllingInterests
17900000 USD
CY2018Q1 cno Revenues Related To Certain Non Strategic Investments And Earnings Attributable To Non Controlling Interests
RevenuesRelatedToCertainNonStrategicInvestmentsAndEarningsAttributableToNonControllingInterests
17100000 USD
CY2019Q1 cno Revenue Relatedto Transitionand Support Services Agreements
RevenueRelatedtoTransitionandSupportServicesAgreements
5000000.0 USD
CY2018Q1 cno Revenue Relatedto Transitionand Support Services Agreements
RevenueRelatedtoTransitionandSupportServicesAgreements
0 USD
CY2019Q1 us-gaap Revenues
Revenues
1023000000.0 USD
CY2018Q1 us-gaap Revenues
Revenues
1007800000 USD
CY2019Q1 cno Benefits Losses And Expenses Excluding Amortization Related To Realized Gains Losses And Fair Value Changes In Embedded Derivative Liabilities Net Of Related Amortization And Income Taxes
BenefitsLossesAndExpensesExcludingAmortizationRelatedToRealizedGainsLossesAndFairValueChangesInEmbeddedDerivativeLiabilitiesNetOfRelatedAmortizationAndIncomeTaxes
900600000 USD
CY2018Q1 cno Benefits Losses And Expenses Excluding Amortization Related To Realized Gains Losses And Fair Value Changes In Embedded Derivative Liabilities Net Of Related Amortization And Income Taxes
BenefitsLossesAndExpensesExcludingAmortizationRelatedToRealizedGainsLossesAndFairValueChangesInEmbeddedDerivativeLiabilitiesNetOfRelatedAmortizationAndIncomeTaxes
911000000.0 USD
CY2019Q1 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-37400000 USD
CY2018Q1 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
30900000 USD
CY2019Q1 cno Embedded Derivative Amortization Related To Fair Value Changes In Embedded Derivative Liabilities
EmbeddedDerivativeAmortizationRelatedToFairValueChangesInEmbeddedDerivativeLiabilities
-7800000 USD
CY2018Q1 cno Embedded Derivative Amortization Related To Fair Value Changes In Embedded Derivative Liabilities
EmbeddedDerivativeAmortizationRelatedToFairValueChangesInEmbeddedDerivativeLiabilities
5800000 USD
CY2019Q1 cno Amortization Related To Investment Gains Losses
AmortizationRelatedToInvestmentGainsLosses
200000 USD
CY2018Q1 cno Amortization Related To Investment Gains Losses
AmortizationRelatedToInvestmentGainsLosses
0 USD
CY2019Q1 cno Expenses Related To Certain Non Strategic Investments And Earnings Attributable To Non Controlling Interests
ExpensesRelatedToCertainNonStrategicInvestmentsAndEarningsAttributableToNonControllingInterests
16900000 USD
CY2018Q1 cno Expenses Related To Certain Non Strategic Investments And Earnings Attributable To Non Controlling Interests
ExpensesRelatedToCertainNonStrategicInvestmentsAndEarningsAttributableToNonControllingInterests
13800000 USD
CY2019Q1 cno Fair Value Compensation Plan Changesin Fair Value Gain Loss
FairValueCompensationPlanChangesinFairValueGainLoss
-5300000 USD
CY2018Q1 cno Fair Value Compensation Plan Changesin Fair Value Gain Loss
FairValueCompensationPlanChangesinFairValueGainLoss
0 USD
CY2019Q1 cno Expensesrelatedtotransitionandsupportservicesagreements
Expensesrelatedtotransitionandsupportservicesagreements
4800000 USD
CY2018Q1 cno Expensesrelatedtotransitionandsupportservicesagreements
Expensesrelatedtotransitionandsupportservicesagreements
0 USD
CY2019Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
957400000 USD
CY2018Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
899700000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
65600000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108100000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13800000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23800000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
51800000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
84300000 USD
CY2019Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
10000000.0 USD
CY2018Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
28700000 USD
CY2019Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
67900000 USD
CY2018Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
24500000 USD
CY2019Q1 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
108700000 USD
CY2018Q1 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
23400000 USD
CY2019Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
6500000 USD
CY2018Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
7200000 USD
CY2019Q1 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
8900000 USD
CY2018Q1 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
9300000 USD
CY2019Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5200000 USD
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5300000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8600000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18500000 USD
CY2019Q1 cno Income Tax Expense Benefit Basedon Estimated Annual Effective Tax Rate
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CY2018Q1 cno Income Tax Expense Benefit Basedon Estimated Annual Effective Tax Rate
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CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q1 us-gaap Deferred Tax Liabilities
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CY2018Q4 us-gaap Deferred Tax Liabilities
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604700000 USD
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15100000 USD
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25300000 USD
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479900000 USD
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630000000.0 USD
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464800000 USD
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0.035
CY2019Q1 cno Valuation Allowance Deferred Tax Asset Valuation Model Forecast Periodof Model
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P5Y
CY2019Q1 cno Adjusted Average Taxable Income
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465000000 USD
CY2019Q1 cno Adjusted Average Nonlife Taxable Income
AdjustedAverageNonlifeTaxableIncome
85000000 USD
CY2019Q1 cno Adjusted Average Life Taxable Income
AdjustedAverageLifeTaxableIncome
380000000 USD
CY2019Q1 cno Loss Limitation Based On Income Of Life Insurance Company
LossLimitationBasedOnIncomeOfLifeInsuranceCompany
0.35
CY2019Q1 cno Loss Limitation Based On Loss Of Non Life Entities
LossLimitationBasedOnLossOfNonLifeEntities
0.35
CY2019Q1 cno Federal Long Term Tax Exempt Rate
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CY2019Q1 cno Nonoperating Loss Carryforwards
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14500000 USD
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7700000 USD
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8200000 USD
CY2019Q1 us-gaap Notes Payable
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CY2018Q4 us-gaap Notes Payable
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CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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100000000.0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
325000000.0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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500000000.0 USD
CY2019Q1 us-gaap Long Term Debt
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925000000.0 USD
CY2019Q1 cno Number Of Insurance Subsidiaries That Are Members Of The Federal Home Loan Bank
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3 subsidiary
CY2019Q1 cno Stock Repurchase Program Remaining Repurchase Authorized Amount
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237600000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
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16100000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.10
CY2019Q1 us-gaap Deferred Sales Inducements Additions
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CY2018Q1 us-gaap Deferred Sales Inducements Additions
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500000 USD
CY2019Q1 us-gaap Deferred Sales Inducements Amortization Expense
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1500000 USD
CY2018Q1 us-gaap Deferred Sales Inducements Amortization Expense
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2700000 USD
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49100000 USD
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43500000 USD
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CY2019Q1 us-gaap Assets
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CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q1 us-gaap Loss Contingency Disclosures
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LITIGATION AND OTHER LEGAL PROCEEDINGS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Legal Proceedings</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company and its subsidiaries are involved in various legal actions in the normal course of business, in which claims for compensatory and punitive damages are asserted, some for substantial amounts.  We recognize an estimated loss from these loss contingencies when we believe it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Some of the pending matters have been filed as purported class actions and some actions have been filed in certain jurisdictions that permit punitive damage awards that are disproportionate to the actual damages incurred.  The amounts sought in certain of these actions are often large or indeterminate and the ultimate outcome of certain actions is difficult to predict.  In the event of an adverse outcome in one or more of these matters, there is a possibility that the ultimate liability may be in excess of the liabilities we have established and could have a material adverse effect on our business, financial condition, results of operations and cash flows.  In addition, the resolution of pending or future litigation may involve modifications to the terms of outstanding insurance policies or could impact the timing and amount of rate increases, which could adversely affect the future profitability of the related insurance policies.  Based upon information presently available, and in light of legal, factual and other defenses available to the Company and its subsidiaries, the Company does not believe that it is probable that the ultimate liability from either pending or threatened legal actions, after consideration of existing loss provisions, will have a material adverse effect on the Company's consolidated financial condition, operating results or cash flows. However, given the inherent difficulty in predicting the outcome of legal proceedings, there exists the possibility that such legal actions could have a material adverse effect on the Company's consolidated financial condition, operating results or cash flows.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the inherent difficulty of predicting litigation outcomes, particularly those that will be decided by a jury, some matters purport to seek substantial or an unspecified amount of damages for unsubstantiated conduct spanning several years based on complex legal theories and damages models. The alleged damages typically are indeterminate or not factually supported in the complaint, and, in any event, the Company's experience indicates that monetary demands for damages often </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">bear little relation to the ultimate loss. In some cases, plaintiffs are seeking to certify classes in the litigation and class certification either has been denied or is pending and we have filed oppositions to class certification or sought to decertify a prior class certification. In addition, for many of these cases: (i) there is uncertainty as to the outcome of pending appeals or motions; (ii) there are significant factual issues to be resolved; and/or (iii) there are novel legal issues presented. Accordingly, the Company cannot reasonably estimate the possible loss or range of loss in excess of amounts accrued, if any, or predict the timing of the eventual resolution of these matters.  The Company reviews these matters on an ongoing basis.  When assessing reasonably possible and probable outcomes, the Company bases its assessment on the expected ultimate outcome following all appeals.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On September 29, 2016, Washington National and Bankers Conseco Life Insurance Company ("BCLIC") commenced an arbitration proceeding seeking compensatory, consequential and punitive damages against Beechwood Re Ltd. ("BRe") based upon BRe’s incurable material breaches of the long-term care reinsurance agreements, conversion, fraud, and breaches of fiduciary duties and the obligation to deal honestly and in good faith. BRe filed a counterclaim against Washington National and BCLIC in the arbitration alleging damages relating to the reinsurance agreements and their termination. In addition, on September 29, 2016, a complaint was filed by BCLIC and Washington National in the United States District Court for the Southern District of New York, Bankers Conseco Life Insurance Company and Washington National Insurance Company v. Moshe M. Feuer, Scott Taylor and David Levy, Case No. 16-cv-7646, alleging, among other claims, fraud/fraudulent concealment, and violation of the Racketeer Influenced and Corrupt Organizations Act. These allegations relate to the long-term care reinsurance agreements between BRe and Washington National and BCLIC, respectively, and emanate from the undisclosed relationships between and among the defendants (who were the principal owners and officers of BRe) and Platinum Partners, LP and its affiliates. On April 27, 2017, an amended complaint was filed adding Beechwood Capital Group, LLC as a defendant. On March 13, 2018, the District Court granted defendants' motion to compel arbitration of Washington National's and BCLIC's claims and the litigation is now stayed pending the outcome of the arbitration. Washington National and BCLIC intend to vigorously pursue their claims for damages and other remedies in the arbitration and the litigation described above.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">By public notice dated July 26, 2017, the Cayman Islands Monetary Authority advised that, effective July 25, 2017, </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> individuals (the "Controllers") had been appointed pursuant to Section 24(2)(h) of the Cayman Islands Insurance Law to assume control of the affairs of BRe.  According to the public notice, effective with their appointment, the Controllers assumed immediate control of the affairs of BRe and have all the powers necessary to administer the affairs of BRe including power to terminate its insurance business.  The Controllers are responsible for assessing the financial position of BRe and submitting a report to the Cayman Islands Monetary Authority.  On August 10, 2018, the Cayman Islands Monetary Authority filed a public petition in the Grand Court of the Cayman Islands to officially wind up BRe, concluding that BRe was now of doubtful solvency. On November 27, 2018, the Grand Court of the Cayman Islands granted the petition to officially wind up BRe and appointed the current Controllers of BRe to be its Joint Official Liquidators.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On December 19, 2018, Melanie Cyganowski, as Equity Receiver for Platinum Partners Credit Opportunities Master Fund, LP and other Platinum entities (the "PPCO Receiver") brought an action in the United States District Court for the Southern District of New York, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cyganowski v. Beechwood Re Ltd, et al.</span><span style="font-family:inherit;font-size:10pt;">, Case No. 18-cv-12018, alleging, among other claims, fraud, aiding and abetting fraud, fraudulent transfer and violation of the Racketeer Influenced and Corrupt Organizations Act against numerous defendants, including BRe and many of its affiliates, CNO Financial Group, Inc., BCLIC, Washington National and 40|86 Advisors, Inc. The PPCO Receiver alleges that Platinum insiders conspired with BRe and its principals and affiliates in a massive fraudulent scheme to enrich the Platinum and BRe insiders to the detriment of Platinum investors and creditors. The PPCO Receiver alleges that CNO Financial Group, Inc., BCLIC, Washington National and 40|86 Advisors, Inc. have liability for the fraudulent scheme of the Platinum and BRe insiders under a theory that they turned a blind eye to the fraudulent scheme due to their desire to transfer unprofitable legacy portfolios of long-term care insurance via the reinsurance transactions with BRe. On January 24, 2019, the court consolidated the PPCO Receiver action with </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> other cases (to which the CNO companies are not parties) before it for at least discovery purposes.  The court set a scheduling order under which all </span><span style="font-family:inherit;font-size:10pt;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> of the consolidated actions are to be trial-ready by September 20, 2019. CNO Financial Group, Inc., BCLIC, Washington National and 40|86 Advisors, Inc. are vigorously contesting the PPCO Receiver’s claims.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On March 27, 2019, BCLIC and Washington National brought cross-claims and third-party claims in the PPCO Receiver Action against BRe and a number of its affiliates, as well as many Platinum and BRe insiders, alleging that they secretly funded, controlled and operated the BRe enterprise for the benefit of Platinum.  BCLIC and Washington National have also </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">brought third-party claims against Lincoln International LLC, which provided valuation services to the BRe enterprise.  BCLIC and Washington National are vigorously pursuing their cross-claims and third-party claims in that action.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Regulatory Examinations and Fines</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Insurance companies face significant risks related to regulatory investigations and actions.  Regulatory investigations generally result from matters related to sales or underwriting practices, payment of contingent or other sales commissions, claim payments and procedures, product design, product disclosure, additional premium charges for premiums paid on a periodic basis, denial or delay of benefits, charging excessive or impermissible fees on products, procedures related to canceling policies, changing the way cost of insurance charges are calculated for certain life insurance products or recommending unsuitable products to customers.  We are, in the ordinary course of our business, subject to various examinations, inquiries and information requests from state, federal and other authorities.  The ultimate outcome of these regulatory actions (including the costs of complying with information requests and policy reviews) cannot be predicted with certainty.  In the event of an unfavorable outcome in one or more of these matters, the ultimate liability may be in excess of liabilities we have established and we could suffer significant reputational harm as a result of these matters, which could also have a material adverse effect on our business, financial condition, results of operations or cash flows.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">In August 2011, we were notified of an examination to be done on behalf of a number of states for the purpose of determining compliance with unclaimed property laws by the Company and its subsidiaries.  Such examination has included inquiries related to the use of data available on the U.S. Social Security Administration's Death Master File ("SSADMF") to identify instances where benefits under life insurance policies, annuities and retained asset accounts are payable. We are continuing to provide information to the examiners in response to their requests. A total of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>40</span></span> states and the District of Columbia participated in this examination. In November 2018, we entered into a Global Resolution Agreement for compliance with laws and regulations concerning the identification, reporting and escheatment of unclaimed contract benefits or abandoned funds. Under the terms of the Global Resolution Agreement, a third-party auditor acting on behalf of the signatory jurisdictions will compare expanded matching criteria to the SSADMF to identify deceased insureds and contract holders where a valid claim has not been made.
CY2017Q3 cno Numberof Individuals Appointedto Assume Immediate Controland Power Over Affairs
NumberofIndividualsAppointedtoAssumeImmediateControlandPowerOverAffairs
2 individual
CY2019Q1 cno Number Of States Participating In Examination Of Compliance With Unclaimed Property Laws
NumberOfStatesParticipatingInExaminationOfComplianceWithUnclaimedPropertyLaws
40 state
CY2019Q1 us-gaap Net Income Loss
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51800000 USD
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66600000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
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78700000 USD
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18700000 USD
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1700000 USD
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177900000 USD
CY2018Q1 us-gaap Increase Decrease In Insurance Liabilities
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25500000 USD
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ChangeInAccruedInvestmentIncomeAndAmortizationOfPremiumOrDiscountOnInvestments
-83600000 USD
CY2018Q1 cno Change In Accrued Investment Income And Amortization Of Premium Or Discount On Investments
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69600000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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60200000 USD
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16100000 USD
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CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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142300000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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72200000 USD
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4400000 USD
CY2018Q1 cno Share Based Compensation Noncash Portion
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6800000 USD
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4300000 USD
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16200000 USD
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19000000.0 USD
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14500000 USD
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11200000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7300000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2100000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70300000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4700000 USD
CY2019Q1 us-gaap Operating Lease Liability
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65600000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0290
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22200000 USD
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18700000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
14300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
11000000.0 USD
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8700000 USD
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1400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
76300000 USD
CY2019Q1 cno Variable Interest Entity Amortized Cost Securities Held
VariableInterestEntityAmortizedCostSecuritiesHeld
1267000000.0 USD
CY2019Q1 cno Variable Interest Entity Gross Unrealized Gains Fixed Maturity Securities
VariableInterestEntityGrossUnrealizedGainsFixedMaturitySecurities
1800000 USD
CY2019Q1 cno Variable Interest Entity Gross Unrealized Losses Fixed Maturity Securities
VariableInterestEntityGrossUnrealizedLossesFixedMaturitySecurities
27400000 USD
CY2019Q1 cno Variable Interest Entity Fixed Maturity Securities Fair Value
VariableInterestEntityFixedMaturitySecuritiesFairValue
1241400000 USD
CY2019Q1 cno Variable Interest Entities Net Realized Gain Loss On Investments
VariableInterestEntitiesNetRealizedGainLossOnInvestments
-8200000 USD
CY2019Q1 cno Variable Interest Entity Investments Gross Investment Losses From Sale Before Tax
VariableInterestEntityInvestmentsGrossInvestmentLossesFromSaleBeforeTax
8500000 USD
CY2019Q1 cno Variable Interest Entities Investments Sold
VariableInterestEntitiesInvestmentsSold
249700000 USD
CY2018Q1 cno Variable Interest Entity Investments Gross Investment Losses From Sale Before Tax
VariableInterestEntityInvestmentsGrossInvestmentLossesFromSaleBeforeTax
100000 USD
CY2018Q1 cno Variable Interest Entities Investments Sold
VariableInterestEntitiesInvestmentsSold
10800000 USD
CY2019Q1 cno Number Of Investments Held By Variable Interest Entities In Default
NumberOfInvestmentsHeldByVariableInterestEntitiesInDefault
0 investment
CY2019Q1 cno Investments Held In Limited Partnerships
InvestmentsHeldInLimitedPartnerships
533300000 USD
CY2019Q1 cno Unfunded Commitmentsto Limited Partnerships
UnfundedCommitmentstoLimitedPartnerships
156900000 USD
CY2019Q1 cno Fair Value Fixed Maturity Securities Valued Using Broker Quotes Percentage
FairValueFixedMaturitySecuritiesValuedUsingBrokerQuotesPercentage
0.29
CY2019Q1 cno Available For Sale Fixed Maturities With Significant Unobservable Inputs Investment Grade Percent
AvailableForSaleFixedMaturitiesWithSignificantUnobservableInputsInvestmentGradePercent
0.59
CY2019Q1 cno Available For Sale Maturities With Significant Unobservable Inputs Corporate Securities Percent
AvailableForSaleMaturitiesWithSignificantUnobservableInputsCorporateSecuritiesPercent
0.88

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