CNO: the cash flow

MyFinsight

For the year ending 2025-12-31, CNO had -$1,014,200K decrease in cash & cash equivalents over the period.

Cash Flow	2025-12-31
Insurance policy income	2,402,500
Net investment income	1,502,900
Fee revenue and other income	179,600
Insurance policy benefits	1,628,500
Interest expense	230,300
Deferrable policy acquisition costs	499,300
Other operating costs	1,013,500
Income taxes	37,700
Net cash provided by operating activities	675,700
Sales of investments	3,274,500
Maturities and redemptions of investments	3,520,900
Purchases of investments	8,459,500
Net purchases of trading securities	0
Other, net	3,200
Net cash used by investing activities	-1,667,300
Issuance of notes payable, net	0
Payments on notes payable	500,000
Issuance of common stock	11,600
Payments to repurchase common stock	331,400
Common stock dividends paid	66,200
Amounts received for deposit products	3,234,100
Withdrawals from deposit products	2,385,700
Proceeds from financing arrangements	0
Payments on financing arrangements	15,400
Federal home loan bank	776,800
Related to variable interest entities	0
Federal home loan bank	523,800
Related to variable interest entities and other	222,600
Net cash (used) provided by financing activities	-22,600
Net (decrease) increase in cash and cash equivalents	-1,014,200
Cash and cash equivalents - unrestricted and held by variable interest entities, beginning of year	1,997,700
Cash and cash equivalents - unrestricted and held by variable interest entities, end of year	983,500

Unit: Thousand (K) dollars (except for numbers of shares and EPS).