2024 Q1 Form 10-K Financial Statement

#000122460824000009 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.167B $1.182B $4.216B
YoY Change 14.3% 21.38% 17.87%
Cost Of Revenue $631.4M $2.318B
YoY Change 3.56% 39.79%
Gross Profit $535.1M $1.898B
YoY Change 30.23% -1.07%
Gross Profit Margin 45.87% 45.02%
Selling, General & Admin $402.0M
YoY Change -0.94%
% of Gross Profit 21.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.40M $267.4M
YoY Change 7.15% -22.56%
% of Gross Profit 13.16% 14.09%
Operating Expenses $963.8M $1.045B $3.573B
YoY Change 2.81% 20.11% 22.25%
Operating Profit $74.80M $459.5M
YoY Change -2.09% 28.68%
Interest Expense -$46.50M -$79.00M -$217.3M
YoY Change -33.09% 65.27% -258.61%
% of Operating Profit -62.17% -47.29%
Other Income/Expense, Net
YoY Change
Pretax Income $146.2M $46.10M $356.8M
YoY Change -14720.0% -16.79% -31.03%
Income Tax $33.90M $9.800M $80.30M
% Of Pretax Income 23.19% 21.26% 22.51%
Net Earnings $112.3M $36.30M $276.5M
YoY Change -14137.5% -16.36% -30.32%
Net Earnings / Revenue 9.63% 3.07% 6.56%
Basic Earnings Per Share $1.03 $0.33 $2.44
Diluted Earnings Per Share $1.01 $0.32 $2.40
COMMON SHARES
Basic Shares Outstanding 109.0M shares 112.2M shares 113.3M shares
Diluted Shares Outstanding 110.8M shares 115.1M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $649.8M $889.0M $889.0M
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 $85.30M $85.30M
YoY Change 83.05% 83.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.30B $26.14B $26.14B
YoY Change 3.79% 7.39% 7.39%
Other Assets $886.1M $936.2M $936.2M
YoY Change -10.32% -19.67% -19.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $34.94B $35.10B $35.10B
YoY Change 2.72% 5.29% 5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $90.70M
YoY Change 82.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $90.70M
YoY Change 82.86%
LONG-TERM LIABILITIES
Long-Term Debt $3.896B $4.151B $4.151B
YoY Change -3.67% 6.89% 6.89%
Other Long-Term Liabilities $908.8M $848.8M $848.8M
YoY Change 30.03% 22.32% 31.74%
Total Long-Term Liabilities $4.804B $4.999B $4.999B
YoY Change 1.29% 9.23% 10.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.70M
Total Long-Term Liabilities $4.804B $4.999B $4.999B
Total Liabilities $32.57B $32.89B $32.89B
YoY Change 1.84% 2.97% 2.97%
SHAREHOLDERS EQUITY
Retained Earnings $1.996B $1.900B
YoY Change 19.22% 30.21%
Common Stock $1.852B $1.893B
YoY Change -8.4% -6.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.368B $2.216B $2.216B
YoY Change
Total Liabilities & Shareholders Equity $34.94B $35.10B $35.10B
YoY Change 2.72% 5.29% 5.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $112.3M $36.30M $276.5M
YoY Change -14137.5% -16.36% -30.32%
Depreciation, Depletion And Amortization $70.40M $267.4M
YoY Change 7.15% -22.56%
Cash From Operating Activities $94.60M $176.7M $582.9M
YoY Change 15.51% 9.82% 17.66%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $2.500M $73.00M $36.60M
YoY Change -82.01% -134.21% -40.2%
Cash From Investing Activities -$23.60M $73.00M -$872.3M
YoY Change -94.2% -134.21% -51.03%
FINANCING ACTIVITIES
Cash Dividend Paid $17.30M $68.10M
YoY Change 1.17% 5.09%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$310.2M 56.50M $533.5M
YoY Change -253.56% -60.74% -55.51%
NET CHANGE
Cash From Operating Activities $94.60M 176.7M $582.9M
Cash From Investing Activities -$23.60M 73.00M -$872.3M
Cash From Financing Activities -$310.2M 56.50M $533.5M
Net Change In Cash -$239.2M 306.2M $244.1M
YoY Change 94.79% 235.01% -381.22%
FREE CASH FLOW
Cash From Operating Activities $94.60M $176.7M $582.9M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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<div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting for Derivatives</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fixed indexed annuity products provide a guaranteed minimum rate of return and a higher potential return that is based on a percentage (the "participation rate") of the amount of increase in the value of a particular index, such as the Standard &amp; Poor's 500 Index, over a specified period.  We are generally able to change the participation rate at the beginning of each index period (typically on each policy anniversary date), subject to contractual minimums.  The Company accounts for the options attributed to the policyholder for the estimated life of the contract as embedded derivatives. We are required to record the embedded derivatives related to our fixed indexed annuity products at estimated fair value. </span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The value of the embedded derivative is based on the estimated cost to fulfill our commitment to fixed indexed annuity policyholders to purchase a series of annual forward options over the duration of the policy that back the potential return based on a percentage of the amount of increase in the value of the appropriate index. In valuing these options, we are required to make assumptions regarding: (i) future index values to determine both the future notional amounts at each anniversary date and the future prices of the forward starting options; (ii) future annual participation rates; and (iii) non-economic factors related to policy persistency. These assumptions are used to estimate the future cost to purchase the options.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The value of the embedded derivatives is determined based on the present value of estimated future option costs discounted using a risk-free rate adjusted for our non-performance risk and risk margins for non-capital market inputs. The non-performance risk adjustment is determined by taking into consideration publicly available information related to spreads in the secondary market for debt with credit ratings similar to ours. These observable spreads are then adjusted to reflect the priority of these liabilities and the claim paying ability of the issuing insurance subsidiaries. Changes in fair value of such embedded derivatives are included in the insurance policy benefits line item in the consolidated statement of operations.</span></div><div style="padding-left:45pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Risk margins are established to capture non-capital market risks which represent the additional compensation a market participant would require to assume the risks related to the uncertainties regarding the embedded derivatives, including future policyholder behavior related to persistency. The determination of the risk margin is highly judgmental given the lack of a market to assume the risks solely related to the embedded derivatives of our fixed indexed annuity products.</span></div><div style="padding-left:45pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The determination of the appropriate risk-free rate and non-performance risk is sensitive to the economic and interest rate environment. Accordingly, the value of the derivative is volatile due to external market sensitivities, which may materially affect net income. Additionally, changes in the judgmental assumptions regarding the appropriate risk margin can significantly impact the value of the derivative.</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We typically buy call options (including call spreads) referenced to the applicable indices in an effort to offset or hedge potential increases to policyholder benefits resulting from increases in the particular index to which the policy's return is linked.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We purchase certain fixed maturity securities that contain embedded derivatives that are required to be held at fair value on the consolidated balance sheet. We have elected the fair value option to carry the entire security at fair value with changes in fair value reported in net income.</span></div>
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AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1546400000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
12263300000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
10750300000 usd
CY2023Q4 cno Available For Sale Securities Debt Maturities Amortized Cost Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostExcludingStructuredSecurities
16384000000 usd
CY2023Q4 cno Available For Sale Securities Debt Maturities Fair Value Excluding Structured Securities
AvailableForSaleSecuritiesDebtMaturitiesFairValueExcludingStructuredSecurities
14681700000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
7315200000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
6824500000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
23699200000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
21506200000 usd
CY2023 cno Gross Investment Income Insurance Entity Fixed Maturities
GrossInvestmentIncomeInsuranceEntityFixedMaturities
1142900000 usd
CY2022 cno Gross Investment Income Insurance Entity Fixed Maturities
GrossInvestmentIncomeInsuranceEntityFixedMaturities
1084100000 usd
CY2021 cno Gross Investment Income Insurance Entity Equity Securities
GrossInvestmentIncomeInsuranceEntityEquitySecurities
4300000 usd
CY2023 cno Gross Investment Income Insurance Entity Mortgage Loans On Real Estate
GrossInvestmentIncomeInsuranceEntityMortgageLoansOnRealEstate
97400000 usd
CY2022 cno Gross Investment Income Insurance Entity Mortgage Loans On Real Estate
GrossInvestmentIncomeInsuranceEntityMortgageLoansOnRealEstate
63000000.0 usd
CY2021 cno Gross Investment Income Insurance Entity Mortgage Loans On Real Estate
GrossInvestmentIncomeInsuranceEntityMortgageLoansOnRealEstate
65000000.0 usd
CY2023 cno Gross Investment Income Insurance Entity Policy Loans
GrossInvestmentIncomeInsuranceEntityPolicyLoans
8600000 usd
CY2022 cno Gross Investment Income Insurance Entity Policy Loans
GrossInvestmentIncomeInsuranceEntityPolicyLoans
8400000 usd
CY2021 cno Gross Investment Income Insurance Entity Policy Loans
GrossInvestmentIncomeInsuranceEntityPolicyLoans
8200000 usd
CY2023 cno Gross Investment Income Insurance Entity Other Invested Assets
GrossInvestmentIncomeInsuranceEntityOtherInvestedAssets
8200000 usd
CY2022 cno Gross Investment Income Insurance Entity Other Invested Assets
GrossInvestmentIncomeInsuranceEntityOtherInvestedAssets
38000000.0 usd
CY2021 cno Gross Investment Income Insurance Entity Other Invested Assets
GrossInvestmentIncomeInsuranceEntityOtherInvestedAssets
124800000 usd
CY2023 cno Gross Investment Income Insurance Entity Cash And Cash Equivalents
GrossInvestmentIncomeInsuranceEntityCashAndCashEquivalents
20900000 usd
CY2022 cno Gross Investment Income Insurance Entity Cash And Cash Equivalents
GrossInvestmentIncomeInsuranceEntityCashAndCashEquivalents
5900000 usd
CY2021 cno Gross Investment Income Insurance Entity Cash And Cash Equivalents
GrossInvestmentIncomeInsuranceEntityCashAndCashEquivalents
300000 usd
CY2023 cno Gross Investment Income Insurance Entity Trading Securities
GrossInvestmentIncomeInsuranceEntityTradingSecurities
6500000 usd
CY2022 cno Gross Investment Income Insurance Entity Trading Securities
GrossInvestmentIncomeInsuranceEntityTradingSecurities
7700000 usd
CY2021 cno Gross Investment Income Insurance Entity Trading Securities
GrossInvestmentIncomeInsuranceEntityTradingSecurities
7200000 usd
CY2023 cno Gross Investment Income Insurance Entity Option Income Loss
GrossInvestmentIncomeInsuranceEntityOptionIncomeLoss
-48300000 usd
CY2022 cno Gross Investment Income Insurance Entity Option Income Loss
GrossInvestmentIncomeInsuranceEntityOptionIncomeLoss
-6300000 usd
CY2021 cno Gross Investment Income Insurance Entity Option Income Loss
GrossInvestmentIncomeInsuranceEntityOptionIncomeLoss
212000000.0 usd
CY2023 cno Gross Investment Income Insurance Entity Increase Decrease In Value Of Options
GrossInvestmentIncomeInsuranceEntityIncreaseDecreaseInValueOfOptions
177300000 usd
CY2022 cno Gross Investment Income Insurance Entity Increase Decrease In Value Of Options
GrossInvestmentIncomeInsuranceEntityIncreaseDecreaseInValueOfOptions
-200300000 usd
CY2021 cno Gross Investment Income Insurance Entity Increase Decrease In Value Of Options
GrossInvestmentIncomeInsuranceEntityIncreaseDecreaseInValueOfOptions
8900000 usd
CY2023 cno Gross Investment Income Insurance Entity Other Specialpurpose Portfolios
GrossInvestmentIncomeInsuranceEntityOtherSpecialpurposePortfolios
114000000.0 usd
CY2022 cno Gross Investment Income Insurance Entity Other Specialpurpose Portfolios
GrossInvestmentIncomeInsuranceEntityOtherSpecialpurposePortfolios
35800000 usd
CY2021 cno Gross Investment Income Insurance Entity Other Specialpurpose Portfolios
GrossInvestmentIncomeInsuranceEntityOtherSpecialpurposePortfolios
52400000 usd
CY2023 cno Gross Investment Income Insurance Entity
GrossInvestmentIncomeInsuranceEntity
1529200000 usd
CY2022 cno Gross Investment Income Insurance Entity
GrossInvestmentIncomeInsuranceEntity
1042200000 usd
CY2021 cno Gross Investment Income Insurance Entity
GrossInvestmentIncomeInsuranceEntity
1445700000 usd
CY2023 cno Investment Income Insurance Entity Investment Expense
InvestmentIncomeInsuranceEntityInvestmentExpense
29500000 usd
CY2022 cno Investment Income Insurance Entity Investment Expense
InvestmentIncomeInsuranceEntityInvestmentExpense
26300000 usd
CY2021 cno Investment Income Insurance Entity Investment Expense
InvestmentIncomeInsuranceEntityInvestmentExpense
25000000.0 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
1499700000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
1015900000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
1420700000 usd
CY2023Q4 cno Carrying Value Of Fixed Maturity Investments Not Accruing Investment Income
CarryingValueOfFixedMaturityInvestmentsNotAccruingInvestmentIncome
10000000 usd
CY2023Q4 cno Carrying Value Mortgage Loans Not Accruing Investment Income
CarryingValueMortgageLoansNotAccruingInvestmentIncome
2500000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-69300000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
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CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
21300000 usd
CY2023 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
8100000 usd
CY2022 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
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CY2021 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
12200000 usd
CY2023 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
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CY2022 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
-2900000 usd
CY2021 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
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CY2023 cno Increase Decrease In Fair Value Of Other Securities
IncreaseDecreaseInFairValueOfOtherSecurities
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CY2022 cno Increase Decrease In Fair Value Of Other Securities
IncreaseDecreaseInFairValueOfOtherSecurities
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CY2021 cno Increase Decrease In Fair Value Of Other Securities
IncreaseDecreaseInFairValueOfOtherSecurities
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CY2023 cno Other Investments Gain Loss
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CY2022 cno Other Investments Gain Loss
OtherInvestmentsGainLoss
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CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
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CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
19100000 usd
CY2023 cno Variable Interest Entities Change In Allowance For Current Expected Credit Losses
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CY2022 cno Variable Interest Entities Change In Allowance For Current Expected Credit Losses
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CY2021 cno Variable Interest Entities Change In Allowance For Current Expected Credit Losses
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CY2023 cno Increase Decrease In Equity Securities Fvni Held At End Of Period
IncreaseDecreaseInEquitySecuritiesFVNIHeldAtEndOfPeriod
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CY2022 cno Increase Decrease In Equity Securities Fvni Held At End Of Period
IncreaseDecreaseInEquitySecuritiesFVNIHeldAtEndOfPeriod
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CY2021 cno Increase Decrease In Equity Securities Fvni Held At End Of Period
IncreaseDecreaseInEquitySecuritiesFVNIHeldAtEndOfPeriod
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CY2023 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
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CY2022 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
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CY2021 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
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CY2023 us-gaap Gain Loss On Investments
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CY2023 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
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CY2022 us-gaap Gain Loss On Investments
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CY2022 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
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CY2021 us-gaap Gain Loss On Investments
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19100000 usd
CY2021 cno Debt Securities Available For Sale And Other Investments Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAndOtherInvestmentsAllowanceForCreditLossPeriodIncreaseDecrease
12200000 usd
CY2023 cno Available For Sale Securities Value Of Securities Sold
AvailableForSaleSecuritiesValueOfSecuritiesSold
712200000 usd
CY2022 cno Available For Sale Securities Value Of Securities Sold
AvailableForSaleSecuritiesValueOfSecuritiesSold
1651500000 usd
CY2021 cno Available For Sale Securities Value Of Securities Sold
AvailableForSaleSecuritiesValueOfSecuritiesSold
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CY2023Q4 cno Available For Sale Securities Debt Maturities Within One Year Amortized Cost Basis With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities Within One Year Fair Value With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost Basis With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After One Through Five Years Fair Value With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost Basis With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value With Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValueWithUnrealizedLosses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After Ten Years Amortized Cost Basis With Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCostBasisWithUnrealizedLosses
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CY2023Q4 cno Available For Sale Securities Debt Maturities After Ten Years Fair Value With Unrealized Losses
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValueWithUnrealizedLosses
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CY2023Q4 cno Available For Sale Securities Debt Maturities Amortized Cost With Unrealized Losses Subtotal
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostWithUnrealizedLossesSubtotal
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CY2023Q4 cno Available For Sale Securities Debt Maturities Fair Value With Unrealized Losses Subtotal
AvailableForSaleSecuritiesDebtMaturitiesFairValueWithUnrealizedLossesSubtotal
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CY2023Q4 cno Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost Basis With Unrealized Losses
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CY2023Q4 cno Available For Sale Securities Debt Maturities Amortized Cost Basis With Unrealized Losses Total
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisWithUnrealizedLossesTotal
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CY2023Q4 cno Available For Sale Securities Debt Maturities Fair Value With Unrealized Losses Total
AvailableForSaleSecuritiesDebtMaturitiesFairValueWithUnrealizedLossesTotal
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1169900000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q4 us-gaap Assets Held By Insurance Regulators
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
10886400000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1365000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1389500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7636900000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
835200000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1897500000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
471600000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
9534400000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1306800000 usd
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
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CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
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CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
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CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
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CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
7600000 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
50400000 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
10300000 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
12300000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
56000000.0 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
7700000 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
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CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
12900000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
42900000 usd
CY2023Q4 cno Available For Sale Securities Structured Securities Fair Value
AvailableForSaleSecuritiesStructuredSecuritiesFairValue
6800000000 usd
CY2023Q4 cno Available For Sale Securities Structured Securities Fair Value Percentage Of All Fixed Maturity Securities
AvailableForSaleSecuritiesStructuredSecuritiesFairValuePercentageOfAllFixedMaturitySecurities
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CY2023Q4 cno Available For Sale Securities Structured Securities Amortized Cost Basis
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7315200000 usd
CY2023Q4 cno Available For Sale Securities Structured Securities Fair Value
AvailableForSaleSecuritiesStructuredSecuritiesFairValue
6824500000 usd
CY2023Q4 cno Available For Sale Securities Structured Securities Fair Value Percentage Of All Fixed Maturity Securities
AvailableForSaleSecuritiesStructuredSecuritiesFairValuePercentageOfAllFixedMaturitySecurities
0.317
CY2023Q4 cno Number Of Additional States Greater Than Specified Percentage Of Mortgage Loan Balance
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FinancingReceivableAllowanceForCreditLosses
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023 us-gaap Provision For Loan Losses Expensed
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CY2022Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
37200000 usd
CY2022Q4 cno Number Of Fixed Maturity Investments In Excess Of10 Of Shareholders Equity
NumberOfFixedMaturityInvestmentsInExcessOf10OfShareholdersEquity
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CY2023Q4 cno Number Of Fixed Maturity Investments In Excess Of10 Of Shareholders Equity
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CY2023 cno Fair Value Fixed Maturity Securities Valued Using Broker Quotes Percentage
FairValueFixedMaturitySecuritiesValuedUsingBrokerQuotesPercentage
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CY2023Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
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CY2023Q4 cno Available For Sale Fixed Maturities With Significant Unobservable Inputs Investment Grade Percent
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0.79
CY2023Q4 cno Available For Sale Maturities With Significant Unobservable Inputs Corporate Securities Percent
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CY2023Q4 cno Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
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CY2022Q4 cno Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
2619800000 usd
CY2023Q4 cno Liability For Future Policy Benefit Deferred Profit Liability
LiabilityForFuturePolicyBenefitDeferredProfitLiability
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CY2022Q4 cno Liability For Future Policy Benefit Deferred Profit Liability
LiabilityForFuturePolicyBenefitDeferredProfitLiability
55200000 usd
CY2023Q4 cno Liability For Future Policy Benefit Fas Reserves Excluding Policyholder
LiabilityForFuturePolicyBenefitFASReservesExcludingPolicyholder
260200000 usd
CY2022Q4 cno Liability For Future Policy Benefit Fas Reserves Excluding Policyholder
LiabilityForFuturePolicyBenefitFASReservesExcludingPolicyholder
491900000 usd
CY2023Q4 cno Liability For Future Policy Benefits Payment For Benefits Reserve
LiabilityForFuturePolicyBenefitsPaymentForBenefitsReserve
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CY2022Q4 cno Liability For Future Policy Benefits Payment For Benefits Reserve
LiabilityForFuturePolicyBenefitsPaymentForBenefitsReserve
34700000 usd
CY2023Q4 cno Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
PolicyholderAccountBalanceLiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
11928200000 usd
CY2022Q4 cno Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
PolicyholderAccountBalanceLiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
11240200000 usd
CY2022Q4 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2021Q4 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
86200000 usd
CY2022Q4 cno Market Risk Benefit Effect Of Changes In Instrument Specific Credit Risk
MarketRiskBenefitEffectOfChangesInInstrumentSpecificCreditRisk
12200000 usd
CY2021Q4 cno Market Risk Benefit Effect Of Changes In Instrument Specific Credit Risk
MarketRiskBenefitEffectOfChangesInInstrumentSpecificCreditRisk
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CY2022Q4 us-gaap Market Risk Benefit Before Reinsurance And Cumulative Increase Decrease From Instrument Specific Credit Risk Change
MarketRiskBenefitBeforeReinsuranceAndCumulativeIncreaseDecreaseFromInstrumentSpecificCreditRiskChange
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CY2023 cno Market Risk Benefit Issuance Net
MarketRiskBenefitIssuanceNet
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CY2022 cno Market Risk Benefit Issuance Net
MarketRiskBenefitIssuanceNet
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CY2023 us-gaap Market Risk Benefit Interest Expense
MarketRiskBenefitInterestExpense
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CY2022 us-gaap Market Risk Benefit Interest Expense
MarketRiskBenefitInterestExpense
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MarketRiskBenefitAttributedFeeCollected
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MarketRiskBenefitAttributedFeeCollected
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MarketRiskBenefitBenefitPayment
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CY2022 us-gaap Market Risk Benefit Benefit Payment
MarketRiskBenefitBenefitPayment
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CY2023 us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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CY2022 us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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CY2023 us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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CY2022 us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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CY2023 us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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CY2022 us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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CY2023 us-gaap Market Risk Benefit Increase Decrease From Actual Policyholder Behavior Different From Expected
MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected
3800000 usd
CY2022 us-gaap Market Risk Benefit Increase Decrease From Actual Policyholder Behavior Different From Expected
MarketRiskBenefitIncreaseDecreaseFromActualPolicyholderBehaviorDifferentFromExpected
1100000 usd
CY2023 cno Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption Other
MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumptionOther
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LITIGATION AND OTHER LEGAL PROCEEDINGS<div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Legal Proceedings</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 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="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On April 9, 2019, Bankers Conseco Life Insurance Company ("BCLIC") and Washington National commenced an action entitled</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%"> Bankers Conseco Life Insurance Company and Washington National Insurance Company v. Wilmington Trust, National Association</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">, in the Supreme Court of the State of New York, County of New York, Commercial Division (the "Wilmington Action").  BCLIC and Washington National seek an unspecified amount of damages, costs, attorney's fees, and other relief as the court deems appropriate. In the Wilmington Action, BCLIC and Washington National assert claims against Wilmington Trust, National Association ("Wilmington") for breaching its express contractual obligations under four trust agreements pursuant to which Wilmington was the trustee in regard to trust assets ceded as part of reinsurance agreements with Beechwood Re Ltd. ("BRe"), as well as for breaching its fiduciary duties to BCLIC and Washington National. The Court granted Wilmington's motion to dismiss this litigation. BCLIC and Washington National appealed the Court's decision. On April 20, 2021, the New York Appellate Division of the Supreme Court, First Judicial Department unanimously reversed the trial court and reinstated breach of contract and breach of fiduciary duty claims against Wilmington. The case has been resolved by settlement and dismissed.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On June 7, 2019, the Joint Official Liquidators of Platinum Partners Value Arbitrage Fund L.P. (in Official Liquidation) and Principal Growth Strategies, LLC, commenced suit against, among others, CNO Financial Group, Inc., BCLIC, Washington National and 40|86 Advisors, Inc. (collectively, the "CNO Parties") in Delaware Chancery Court.  Plaintiffs seek an unspecified amount of damages, costs, attorney's fees, and other relief as the court deems appropriate. Plaintiffs allege that the CNO Parties were unjustly enriched when they terminated BCLIC and Washington National's reinsurance agreements with BRe and recaptured assets from reinsurance trusts, in particular, Agera securities.  Plaintiffs contend that the Agera securities were fraudulently transferred to the reinsurance trusts by other Platinum-related entities and they are seeking to claw back those Agera securities, or the value of those assets, from the CNO Parties.  The CNO Parties had removed the case to the United States District Court for the District of Delaware but on April 6, 2020, the District Court granted the plaintiff's motion to remand the case back to the Delaware Chancery Court. Plaintiffs have filed an Amended Complaint and the CNO Parties have moved to dismiss the Amended Complaint. The Delaware Chancery Court denied the CNO Parties’ motions to dismiss the Amended Complaint on the basis of forum non conveniens, but granted the CNO Parties’ motion to stay the case pending the conclusion of a related matter. On December 1, 2023, the Delaware Chancery Court lifted the stay as of November 30, 2023. On January 25, 2024, the Delaware Chancery Court granted in part and denied in part the CNO Parties’ motion to dismiss the Amended Complaint. The CNO Parties are vigorously contesting the plaintiffs’ claims.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On June 28, 2019, BCLIC and Washington National commenced an action entitled </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Bankers Conseco Life Insurance Company and Washington National Insurance Company v. KPMG LLP</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">, in the Supreme Court of the State of New York, County of New York, Commercial Division (the "KPMG Action"). BCLIC and Washington National seek an unspecified amount of damages, costs, attorney's fees, and other relief as the court deems appropriate. In the KPMG Action, BCLIC and Washington National assert claims against KPMG LLP ("KPMG") for aiding and abetting fraud, constructive fraud and negligent misrepresentation arising from KPMG's alleged role in the Platinum Partners' scheme to defraud BCLIC and Washington National into reinsuring its long-term care business with BRe. The Court granted KPMG’s motion to dismiss this litigation. BCLIC and Washington National appealed the Court's decision. On December 1, 2020, the New York Appellate Division of the Supreme Court, First Judicial Department unanimously reversed the trial court and reinstated the aiding and abetting claim against KPMG. The case has been resolved by settlement and dismissed.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On October 5, 2012, plaintiffs William Jeffrey Burnett and Joe H. Camp commenced an action entitled Burnett v. Conseco Life Ins. Co. against, among others, CNO Financial Group, Inc. and CNO Services, LLC (collectively, the "CNO Entities") in the United States District Court for the Central District of California on behalf of a putative class of former interest-sensitive whole life insurance policyholders who surrendered their policies or let them lapse. Plaintiffs' first amended complaint alleges that the CNO Entities are liable under an alter ego theory for Conseco Life Insurance Company's purported breach of the optional premium payment provision (the "Optional Premium Payment") of plaintiffs' insurance policies. In January 2018, the case was transferred to the United States District Court for the Southern District of Indiana. On August 17, 2020, the Court denied the CNO Entities' motions to dismiss. On January 13, 2021, the Court granted final approval of a class action settlement between plaintiffs and co-defendant Conseco Life Insurance Company (n/k/a Wilco Life Insurance Company). The case remains pending against the CNO Entities. On March 25, 2022, the Court certified a Rule 23(b)(3) class of under 2,000 policyholders who invoked the policy's Optional Premium Payment prior to October 2008 and who surrendered their policies between October 7, 2008 and September 1, 2011. The Court's certification order acknowledged the existence of individualized issues of causation and damages, which the Court stated could be addressed in individualized proceedings following a class trial on the alter ego allegations and the meaning of the subject insurance policy language. The CNO Entities continue to vigorously defend the case.</span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Regulatory Examinations and Fines</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Guaranty Fund Assessments</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The balance sheet at December 31, 2023, included: (i) accruals of $6.0 million, representing our estimate of all known assessments that will be levied against the Company's insurance subsidiaries by various state guaranty associations based on premiums written through December 31, 2023; and (ii) receivables of $9.5 million that we estimate will be recovered through a reduction in future premium taxes as a result of such assessments. At December 31, 2022, such guaranty fund assessment accruals were $6.2 million and such receivables were $10.6 million. These estimates are subject to change when the associations determine more precisely the losses that have occurred and how such losses will be allocated among the insurance companies. We recognized expense for such assessments of $2.0 million, $2.1 million and $2.7 million in 2023, 2022 and 2021, respectively.</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Guarantees</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with the terms of the employment agreements of two of the Company's former chief executive officers, certain wholly-owned subsidiaries of the Company are the guarantors of the former executives' nonqualified supplemental retirement benefits. The liability for such benefits was $19.8 million and $20.5 million at December 31, 2023 and 2022, respectively, and is included in the caption "Other liabilities" in the consolidated balance sheet.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Leases and Certain Other Long-Term Commitments</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company leases office space, equipment and computer software under contractual commitments or noncancellable operating lease agreements. Total expense pursuant to these agreements was $96.3 million, $86.4 million and $76.3 million in 2023, 2022 and 2021, respectively.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company leases office space for certain administrative operations under agreements that expire between 2024 and 2034. We lease sales offices in various states which are generally short-term in length with remaining lease terms expiring between 2024 and 2030. Many leases include an option to extend or renew the lease term. The exercise of the renewal option is at the Company's discretion. The operating lease liability includes lease payments related to options to extend or renew the lease term only if the Company is reasonably certain of exercising those options. In determining the present value of lease payments, the Company uses its incremental borrowing rate for borrowings secured by collateral commensurate with the terms of the underlying lease. </span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Information related to our right of use assets are as follows (dollars in millions):</span></div><div style="text-indent:27pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"><tr><td style="width:1.0%"></td><td style="width:67.536%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.051%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.860%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating lease expense</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash paid for operating lease liability</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23.8 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25.5 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Right of use assets obtained in exchange for lease liabilities (non-cash transactions)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62.4 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.7 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><span style="-sec-ix-hidden:f-3207"><span style="-sec-ix-hidden:f-3208">Total right of use assets</span></span></span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85.3 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46.6 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Maturities of our operating lease liabilities as of December 31, 2023 are as follows (dollars in millions):</span></div><div style="text-indent:27pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:61.403%"><tr><td style="width:1.0%"></td><td style="width:77.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.091%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.8 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.4 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.3 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34.6 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total undiscounted lease payments</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105.5 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less interest</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14.8)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><span style="-sec-ix-hidden:f-3220"><span style="-sec-ix-hidden:f-3221">Present value of lease liabilities</span></span></span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90.7 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:61.403%"><tr><td style="width:1.0%"></td><td style="width:77.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.091%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average remaining lease term (in years)</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.0</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average discount rate</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.79 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div>
CY2019Q2 cno Number Of Trust Agreements
NumberOfTrustAgreements
4 trust_agreement
CY2022Q1 cno Number Of Policyholders
NumberOfPolicyholders
2000 policyholder
CY2021 cno Deferred Compensation Arrangement With Individual Gain Loss Recognized
DeferredCompensationArrangementWithIndividualGainLossRecognized
8900000 usd
CY2023Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
202900000 usd
CY2022Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
199100000 usd
CY2023 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
13000000 usd
CY2022 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
-4400000 usd
CY2023 us-gaap Loss Contingency Undiscounted Amount Of Insurance Related Assessment Liability
LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability
6000000 usd
CY2023Q4 us-gaap Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
9500000 usd
CY2022 us-gaap Loss Contingency Undiscounted Amount Of Insurance Related Assessment Liability
LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability
6200000 usd
CY2022Q4 us-gaap Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
10600000 usd
CY2023 cno Loss Contingency Insurance Related Assessment Expense Recognized
LossContingencyInsuranceRelatedAssessmentExpenseRecognized
2000000 usd
CY2022 cno Loss Contingency Insurance Related Assessment Expense Recognized
LossContingencyInsuranceRelatedAssessmentExpenseRecognized
2100000 usd
CY2021 cno Loss Contingency Insurance Related Assessment Expense Recognized
LossContingencyInsuranceRelatedAssessmentExpenseRecognized
2700000 usd
CY2023 cno Operating Leases And Sponsorship Agreements Expense
OperatingLeasesAndSponsorshipAgreementsExpense
96300000 usd
CY2022 cno Operating Leases And Sponsorship Agreements Expense
OperatingLeasesAndSponsorshipAgreementsExpense
86400000 usd
CY2021 cno Operating Leases And Sponsorship Agreements Expense
OperatingLeasesAndSponsorshipAgreementsExpense
76300000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
26300000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
24300000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
23800000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
25500000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
62400000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21700000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85300000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
46600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
34600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
105500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14800000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
90700000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0379
CY2023Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
130900000 usd
CY2022Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
128800000 usd
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CY2023 cno Deferred Compensation Arrangement With Individual Gain Loss Recognized
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CY2022Q4 cno Deferred Compensation Arrangement With Individual Assumptions Used Calculating Recorded Liability Benefit Obligation Discount Rate
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CY2023Q4 cno Deferred Compensation Arrangementwith Individual Expected Future Payments Next Twelve Months
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CY2023Q4 cno Deferred Compensation Arrangementwith Individual Expected Future Payments Year Two
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CY2023Q4 cno Deferred Compensation Arrangementwith Individual Expected Future Payments Year Four
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CY2023Q4 cno Deferred Compensation Arrangementwith Individual Expected Future Payments Year Five
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CY2023Q4 cno Deferred Compensation Arrangementwith Individual Expected Future Payments Thereafter
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CY2023 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
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10900000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2023Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Net
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CY2023 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2023 us-gaap Stock Repurchased And Retired During Period Shares
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CY2022 us-gaap Stock Repurchased And Retired During Period Shares
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CY2021 us-gaap Stock Repurchased And Retired During Period Shares
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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19.43
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11800000 usd
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2023Q4 cno Accumulated Other Comprehensive Income Loss Deferred Income Tax Liabilities
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 cno Operating Costs And Expenses Other
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548800000 usd
CY2021 cno Operating Costs And Expenses Other
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CY2022 cno Variable Interest Entities Investments Sold
VariableInterestEntitiesInvestmentsSold
69200000 usd
CY2021 cno Variable Interest Entities Net Realized Gain Loss On Investments
VariableInterestEntitiesNetRealizedGainLossOnInvestments
3600000 usd
CY2021 cno Variable Interest Entities Net Gain Loss From Sale Of Fixed Maturity Investments
VariableInterestEntitiesNetGainLossFromSaleOfFixedMaturityInvestments
-7800000 usd
CY2021 cno Variable Interest Entities Change In Allowance For Current Expected Credit Losses
VariableInterestEntitiesChangeInAllowanceForCurrentExpectedCreditLosses
11400000 usd
CY2021 cno Variable Interest Entity Investments Gross Investment Losses From Sale Before Tax
VariableInterestEntityInvestmentsGrossInvestmentLossesFromSaleBeforeTax
8100000 usd
CY2021 cno Variable Interest Entities Investments Sold
VariableInterestEntitiesInvestmentsSold
70000000 usd
CY2023Q4 cno Number Of Investments Held By Variable Interest Entities In Default
NumberOfInvestmentsHeldByVariableInterestEntitiesInDefault
0 investment
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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