CNO: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

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

Cash Flow	2025-09-30	2025-06-30
Insurance policy income	1,781,000	1,182,400
Net investment income	1,120,400	748,200
Fee revenue and other income	134,600	98,500
Insurance policy benefits	1,228,800	822,900
Interest expense	159,300	114,400
Deferrable policy acquisition costs	377,800	244,800
Other operating costs	780,600	564,500
Income taxes	9,500	300
Net cash provided by operating activities	480,000	282,200
Sales of investments	2,315,400	1,716,900
Maturities and redemptions of investments	2,209,500	1,263,100
Purchases of investments	5,292,300	3,631,200
Net sales of trading securities	0	0
Other	-900	9,200
Net cash used by investing activities	-766,500	-660,400
Issuance of notes payable, net	0	0
Payments on notes payable	500,000	500,000
Issuance of common stock	9,600	7,100
Payments to repurchase common stock	271,200	210,600
Common stock dividends paid	50,000	33,600
Payments on financing arrangements	11,400	7,600
Amounts received for deposit products	2,189,500	1,234,100
Withdrawals from deposit products	1,866,600	1,402,100
Federal home loan bank	776,800	526,800
Federal home loan bank	523,700	273,800
Related to variable interest entities	222,600	143,800
Net cash provided (used) by financing activities	-469,600	-803,500
Net increase (decrease) in cash and cash equivalents	-756,100	-1,181,700
Cash and cash equivalents at end of period	1,241,600	-

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

CNO: the cashflow