CNO Financial Group, Inc.

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 6, 2026

CNO$57.16+3.1%Stored close · as of Nov 9, 2026

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Contents

Investments in Variable Interest Entities

The following table provides supplemental information about the revenues and expenses of the VIEs which have been consolidated in accordance with authoritative guidance, after giving effect to the elimination of our investment in the VIEs and investment management fees earned by a subsidiary of the Company (dollars in millions):

Three months ended · Six months ended
	June 30,		June 30,
	2026	2025	2026	2025
Revenues:
Net investment income – policyholder and other special-purpose portfolios	$4.2	$7.3	$8.2	$14.8
Fee revenue and other income	(0.4)	0.9	(0.6)	2.4
Total revenues	3.8	8.2	7.6	17.2
Expenses:
Interest expense	4.0	5.9	7.8	13.7
Other operating expenses	0.2	1.3	1.0	2.3
Total expenses	4.2	7.2	8.8	16.0
Income before net investment losses and income taxes	(0.4)	1.0	(1.2)	1.2
Net investment losses	(0.8)	(0.9)	(2.1)	(4.4)
Income (loss) before income taxes	$(1.2)	$0.1	$(3.3)	$(3.2)

Supplemental Information on Investments Held by VIEs

The following table summarizes the carrying values and gross unrealized losses of the investments held by the VIEs by category as of June 30, 2026 (dollars in millions):

	Carrying value	Percentof fixedmaturities	Grossunrealizedlosses	Percent ofgrossunrealizedlosses
Technology	$36.5	12.5%	$1.1	38.5%
Brokerage	31.7	10.8	0.3	9.3
Healthcare/pharmaceuticals	27.8	9.5	0.2	7.6
Building materials	20.7	7.1	0.1	2.3
Cable/media	20.5	7.0	0.4	14.5
Food/beverage	19.9	6.8	0.1	2.8
Paper	16.9	5.8	0.1	2.6
Chemicals	15.6	5.3	0.1	4.5
Aerospace/defense	14.7	5.0	—	1.7
Autos	13.2	4.5	—	1.1
Transportation	12.7	4.3	—	0.3
Insurance	12.2	4.2	0.2	7.8
Utilities	10.6	3.6	—	1.2
Capital goods	9.7	3.3	—	0.6
Business services	7.6	2.7	0.2	2.1
Consumer products	6.7	2.3	—	1.4
Retail	4.4	1.5	—	0.3
Energy/pipelines	3.5	1.2	—	0.1
Other	7.4	2.6	0.1	1.3
Total	$292.3	100.0%	$2.9	100.0%

The following table sets forth the amortized cost and estimated fair value of those investments held by the VIEs with unrealized losses at June 30, 2026, by contractual maturity. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Amortizedcost	Estimatedfairvalue
(Dollars in millions)
Due in one year or less	$—	$—
Due after one year through five years	117.6	114.8
Due after five years through ten years	97.2	95.5
Total	$214.8	$210.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.