10-Q 1 cno-20240331.htm 10-Q cno-20240331
000122460812/312024Q1falsetrue27600012246082024-01-012024-03-310001224608us-gaap:CommonStockMember2024-01-012024-03-310001224608cno:RightsToPurchaseSeriesFJuniorParticipatingPreferredStockMember2024-01-012024-03-310001224608cno:A5125SubordinatedDebenturesDue2060Member2024-01-012024-03-3100012246082024-04-23xbrli:shares00012246082024-03-31iso4217:USD00012246082023-12-31iso4217:USDxbrli:shares00012246082023-01-012023-03-310001224608us-gaap:CommonStockMember2022-12-310001224608us-gaap:AdditionalPaidInCapitalMember2022-12-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001224608us-gaap:RetainedEarningsMember2022-12-3100012246082022-12-310001224608us-gaap:RetainedEarningsMember2023-01-012023-03-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001224608us-gaap:CommonStockMember2023-01-012023-03-310001224608us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001224608us-gaap:CommonStockMember2023-03-310001224608us-gaap:AdditionalPaidInCapitalMember2023-03-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001224608us-gaap:RetainedEarningsMember2023-03-3100012246082023-03-310001224608us-gaap:CommonStockMember2023-12-310001224608us-gaap:AdditionalPaidInCapitalMember2023-12-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001224608us-gaap:RetainedEarningsMember2023-12-310001224608us-gaap:RetainedEarningsMember2024-01-012024-03-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310001224608us-gaap:CommonStockMember2024-01-012024-03-310001224608us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001224608us-gaap:CommonStockMember2024-03-310001224608us-gaap:AdditionalPaidInCapitalMember2024-03-310001224608us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001224608us-gaap:RetainedEarningsMember2024-03-310001224608us-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:USTreasuryAndGovernmentMember2024-03-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2024-03-310001224608us-gaap:AssetBackedSecuritiesMember2024-03-310001224608us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-03-310001224608us-gaap:CollateralizedDebtObligationsMember2024-03-310001224608us-gaap:CommercialMortgageBackedSecuritiesMember2024-03-310001224608us-gaap:FixedMaturitiesMember2024-03-310001224608us-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:USTreasuryAndGovernmentMember2023-12-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2023-12-310001224608us-gaap:AssetBackedSecuritiesMember2023-12-310001224608us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2023-12-310001224608us-gaap:CollateralizedDebtObligationsMember2023-12-310001224608us-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001224608us-gaap:FixedMaturitiesMember2023-12-310001224608us-gaap:ForeignGovernmentDebtMember2024-03-310001224608us-gaap:ForeignGovernmentDebtMember2023-12-310001224608us-gaap:CorporateDebtSecuritiesMember2024-01-012024-03-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2024-01-012024-03-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2024-01-012024-03-310001224608us-gaap:AssetBackedSecuritiesMember2024-01-012024-03-310001224608us-gaap:CorporateDebtSecuritiesMember2022-12-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2022-12-310001224608us-gaap:AssetBackedSecuritiesMember2022-12-310001224608us-gaap:CorporateDebtSecuritiesMember2023-01-012023-03-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2023-01-012023-03-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2023-01-012023-03-310001224608us-gaap:AssetBackedSecuritiesMember2023-01-012023-03-310001224608us-gaap:CorporateDebtSecuritiesMember2023-03-310001224608us-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310001224608us-gaap:ForeignGovernmentDebtSecuritiesMember2023-03-310001224608us-gaap:AssetBackedSecuritiesMember2023-03-310001224608cno:CommercialMortgageMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608cno:CommercialMortgageMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608us-gaap:FinancialAssetPastDueMember2024-01-012024-03-31cno:mortgage_loan0001224608us-gaap:FinancialAssetPastDueMembercno:CommercialMortgageMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001224608us-gaap:CommercialPortfolioSegmentMember2024-01-012024-03-310001224608us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ResidentialMortgageMember2024-03-310001224608us-gaap:ResidentialMortgageMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001224608us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2024-01-012024-03-31cno:loan0001224608us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2024-03-310001224608us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMembercno:ForeclosureMember2024-01-012024-03-310001224608us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMembercno:ForeclosureMember2024-03-310001224608srt:MaximumMembercno:DebtToValueRatioLessThan60PercentMember2024-03-31xbrli:pure0001224608cno:DebtToValueRatioLessThan60PercentMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608cno:DebtToValueRatio60ToLessThan70PercentMembersrt:MinimumMember2024-03-310001224608cno:DebtToValueRatio60ToLessThan70PercentMembersrt:MaximumMember2024-03-310001224608cno:DebtToValueRatio60ToLessThan70PercentMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608cno:DebtToValueRatio70ToLessThan80PercentMembersrt:MinimumMember2024-03-310001224608cno:DebtToValueRatio70ToLessThan80PercentMembersrt:MaximumMember2024-03-310001224608cno:DebtToValueRatio70ToLessThan80PercentMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608cno:DebtToValueRatio80ToLessThan90PercentMembersrt:MinimumMember2024-03-310001224608srt:MaximumMembercno:DebtToValueRatio80ToLessThan90PercentMember2024-03-310001224608cno:DebtToValueRatio80ToLessThan90PercentMemberus-gaap:CommercialPortfolioSegmentMember2024-03-310001224608us-gaap:CommercialPortfolioSegmentMember2024-03-310001224608cno:TotalFixedMaturitiesAvailableForSaleMember2024-01-012024-03-310001224608cno:TotalFixedMaturitiesAvailableForSaleMember2023-01-012023-03-310001224608cno:MarketableSecuritiesMember2024-01-012024-03-310001224608us-gaap:EquitySecuritiesMember2024-01-012024-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2024-01-012024-03-310001224608cno:CoinsuranceMembercno:ReinsuranceContractMember2024-01-012024-03-310001224608cno:MarketableSecuritiesMember2023-01-012023-03-310001224608us-gaap:EquitySecuritiesMember2023-01-012023-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMember2023-01-012023-03-310001224608cno:CoinsuranceMembercno:ReinsuranceContractMember2023-01-012023-03-31cno:investment0001224608us-gaap:CorporateDebtSecuritiesMember2024-01-012024-03-310001224608us-gaap:CommercialMortgageBackedSecuritiesMember2024-01-012024-03-310001224608us-gaap:OtherInvestmentsMember2024-01-012024-03-310001224608us-gaap:CorporateDebtSecuritiesMember2023-01-012023-03-310001224608us-gaap:CommercialMortgageBackedSecuritiesMember2023-01-012023-03-310001224608us-gaap:OtherInvestmentsMember2023-01-012023-03-310001224608cno:SupplementalHealthMember2023-12-310001224608cno:MedicareSupplementMember2023-12-310001224608cno:LongTermCareMember2023-12-310001224608cno:TraditionalLifeMember2023-12-310001224608cno:OtherAnnuitiesMember2023-12-310001224608cno:SupplementalHealthMember2024-01-012024-03-310001224608cno:MedicareSupplementMember2024-01-012024-03-310001224608cno:LongTermCareMember2024-01-012024-03-310001224608cno:TraditionalLifeMember2024-01-012024-03-310001224608cno:OtherAnnuitiesMember2024-01-012024-03-310001224608cno:SupplementalHealthMember2024-03-310001224608cno:MedicareSupplementMember2024-03-310001224608cno:LongTermCareMember2024-03-310001224608cno:TraditionalLifeMember2024-03-310001224608cno:OtherAnnuitiesMember2024-03-310001224608cno:SupplementalHealthMember2022-12-310001224608cno:MedicareSupplementMember2022-12-310001224608cno:LongTermCareMember2022-12-310001224608cno:TraditionalLifeMember2022-12-310001224608cno:OtherAnnuitiesMember2022-12-310001224608cno:SupplementalHealthMember2023-01-012023-03-310001224608cno:MedicareSupplementMember2023-01-012023-03-310001224608cno:LongTermCareMember2023-01-012023-03-310001224608cno:TraditionalLifeMember2023-01-012023-03-310001224608cno:OtherAnnuitiesMember2023-01-012023-03-310001224608cno:SupplementalHealthMember2023-03-310001224608cno:MedicareSupplementMember2023-03-310001224608cno:LongTermCareMember2023-03-310001224608cno:TraditionalLifeMember2023-03-310001224608cno:OtherAnnuitiesMember2023-03-310001224608cno:OtherAnnuityMember2024-01-012024-03-310001224608cno:OtherAnnuityMember2023-01-012023-03-310001224608cno:OtherAnnuityMember2024-03-310001224608cno:OtherAnnuityMember2023-03-310001224608cno:FixedIndexedAnnuityMember2024-03-310001224608cno:FixedIndexedAnnuityMember2023-12-310001224608cno:FixedIndexedAnnuitiesMember2023-12-310001224608cno:FixedInterestAnnuitiesMember2023-12-310001224608us-gaap:InterestSensitiveLifeMember2023-12-310001224608cno:FundingAgreementBackedNotesMember2023-12-310001224608cno:OtherMember2023-12-310001224608cno:FixedIndexedAnnuitiesMember2024-01-012024-03-310001224608cno:FixedInterestAnnuitiesMember2024-01-012024-03-310001224608us-gaap:InterestSensitiveLifeMember2024-01-012024-03-310001224608cno:FundingAgreementBackedNotesMember2024-01-012024-03-310001224608cno:OtherMember2024-01-012024-03-310001224608cno:FixedIndexedAnnuitiesMember2024-03-310001224608cno:FixedInterestAnnuitiesMember2024-03-310001224608us-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:FundingAgreementBackedNotesMember2024-03-310001224608cno:OtherMember2024-03-310001224608cno:FixedIndexedAnnuitiesMember2022-12-310001224608cno:FixedInterestAnnuitiesMember2022-12-310001224608us-gaap:InterestSensitiveLifeMember2022-12-310001224608cno:FundingAgreementBackedNotesMember2022-12-310001224608cno:OtherMember2022-12-310001224608cno:FixedIndexedAnnuitiesMember2023-01-012023-03-310001224608cno:FixedInterestAnnuitiesMember2023-01-012023-03-310001224608us-gaap:InterestSensitiveLifeMember2023-01-012023-03-310001224608cno:FundingAgreementBackedNotesMember2023-01-012023-03-310001224608cno:OtherMember2023-01-012023-03-310001224608cno:FixedIndexedAnnuitiesMember2023-03-310001224608cno:FixedInterestAnnuitiesMember2023-03-310001224608us-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:FundingAgreementBackedNotesMember2023-03-310001224608cno:OtherMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membersrt:MinimumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membersrt:MaximumMember2024-03-310001224608srt:MinimumMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608srt:MaximumMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembersrt:MinimumMember2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMember2024-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMembercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMembercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:OtherAnnuityMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Memberus-gaap:InterestSensitiveLifeMember2024-03-310001224608us-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMemberus-gaap:InterestSensitiveLifeMember2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMember2024-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:ContractsExcludingFixedIndexAnnuitiesMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:ContractsExcludingFixedIndexAnnuitiesMember2024-03-310001224608cno:ContractsExcludingFixedIndexAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:ContractsExcludingFixedIndexAnnuitiesMember2024-03-310001224608cno:ContractsExcludingFixedIndexAnnuitiesMember2024-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membersrt:MinimumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membersrt:MaximumMember2023-03-310001224608srt:MinimumMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608srt:MaximumMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembersrt:MinimumMember2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:FixedInterestAnnuitiesMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:FixedInterestAnnuitiesMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:FixedInterestAnnuitiesMember2023-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:FixedInterestAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMembercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMembercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Membercno:OtherAnnuityMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:OtherAnnuityMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMembersrt:MinimumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Memberus-gaap:InterestSensitiveLifeMember2023-03-310001224608us-gaap:InterestSensitiveLifeMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMemberus-gaap:InterestSensitiveLifeMember2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:OtherMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:OtherMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:OtherMember2023-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608cno:OtherMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MinimumMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRangeRangeFrom0000To0299Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MinimumMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Membersrt:MaximumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Memberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0300To0499Member2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMembersrt:MinimumMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608cno:PolicyholderAccountBalanceGuaranteedMinimumCreditingRateRangeFrom0500AndGreaterMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAtGuaranteedMinimumCreditingRateMembercno:ContractsExcludingFixedIndexAnnuitiesMember2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0001To0050Membercno:ContractsExcludingFixedIndexAnnuitiesMember2023-03-310001224608cno:ContractsExcludingFixedIndexAnnuitiesMemberus-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0051To0150Member2023-03-310001224608us-gaap:PolicyholderAccountBalanceAboveGuaranteedMinimumCreditingRateRangeFrom0151AndGreaterMembercno:ContractsExcludingFixedIndexAnnuitiesMember2023-03-310001224608cno:ContractsExcludingFixedIndexAnnuitiesMember2023-03-310001224608cno:FundingAgreementBackedNoteMember2023-12-310001224608cno:FundingAgreementBackedNoteMember2024-01-012024-03-310001224608cno:FundingAgreementBackedNoteMember2024-03-310001224608cno:FundingAgreementBackedNoteMember2022-12-310001224608cno:FundingAgreementBackedNoteMember2023-01-012023-03-310001224608cno:FundingAgreementBackedNoteMember2023-03-310001224608cno:AnnuityMember2023-12-310001224608cno:AnnuityMember2024-01-012024-03-310001224608cno:AnnuityMember2024-03-310001224608cno:AnnuityMember2022-12-310001224608cno:AnnuityMember2023-01-012023-03-310001224608cno:AnnuityMember2023-03-31cno:product_line0001224608cno:InsuranceProductLinesSegmentMemberus-gaap:LifeAndAnnuityInsuranceProductLineMember2024-01-012024-03-310001224608cno:InsuranceProductLinesSegmentMemberus-gaap:LifeAndAnnuityInsuranceProductLineMember2023-01-012023-03-310001224608cno:InsuranceProductLinesSegmentMemberus-gaap:HealthInsuranceProductLineMember2024-01-012024-03-310001224608cno:InsuranceProductLinesSegmentMemberus-gaap:HealthInsuranceProductLineMember2023-01-012023-03-310001224608cno:InsuranceProductLinesSegmentMemberus-gaap:LifeInsuranceSegmentMember2024-01-012024-03-310001224608cno:InsuranceProductLinesSegmentMemberus-gaap:LifeInsuranceSegmentMember2023-01-012023-03-310001224608cno:NetInvestmentIncomeNotAllocatedToProductLinesMember2024-01-012024-03-310001224608cno:NetInvestmentIncomeNotAllocatedToProductLinesMember2023-01-012023-03-310001224608cno:FeeAndOtherRevenueSegmentMember2024-01-012024-03-310001224608cno:FeeAndOtherRevenueSegmentMember2023-01-012023-03-310001224608cno:ExpensesNotAllocatedToProductLinesMember2024-01-012024-03-310001224608cno:ExpensesNotAllocatedToProductLinesMember2023-01-012023-03-310001224608cno:InsuranceProductLinesSegmentMember2024-01-012024-03-310001224608cno:InsuranceProductLinesSegmentMember2023-01-012023-03-310001224608cno:InsuranceProductLinesSegmentMembercno:AllocatedExpensesMember2024-01-012024-03-310001224608cno:InsuranceProductLinesSegmentMembercno:AllocatedExpensesMember2023-01-012023-03-310001224608us-gaap:OperatingSegmentsMember2024-01-012024-03-310001224608us-gaap:OperatingSegmentsMember2023-01-012023-03-310001224608us-gaap:MaterialReconcilingItemsMember2024-01-012024-03-310001224608us-gaap:MaterialReconcilingItemsMember2023-01-012023-03-310001224608us-gaap:NondesignatedMembercno:OtherInvestedAssetsMemberus-gaap:EquityContractMember2024-03-310001224608us-gaap:NondesignatedMembercno:OtherInvestedAssetsMemberus-gaap:EquityContractMember2023-12-310001224608cno:ReinsuranceReceivablesEmbeddedDerivativeMemberus-gaap:NondesignatedMembercno:ReinsuranceReceivablesMember2024-03-310001224608cno:ReinsuranceReceivablesEmbeddedDerivativeMemberus-gaap:NondesignatedMembercno:ReinsuranceReceivablesMember2023-12-310001224608us-gaap:NondesignatedMember2024-03-310001224608us-gaap:NondesignatedMember2023-12-310001224608cno:PolicyholderAccountBalancesMemberus-gaap:NondesignatedMembercno:EquityIndexAnnuitiesEmbeddedDerivativeMember2024-03-310001224608cno:PolicyholderAccountBalancesMemberus-gaap:NondesignatedMembercno:EquityIndexAnnuitiesEmbeddedDerivativeMember2023-12-310001224608us-gaap:NondesignatedMembercno:FuturePolicyBenefitsMembercno:EquityIndexAnnuitiesEmbeddedDerivativeMember2024-03-310001224608us-gaap:NondesignatedMembercno:FuturePolicyBenefitsMembercno:EquityIndexAnnuitiesEmbeddedDerivativeMember2023-12-310001224608us-gaap:EquityContractMember2024-03-310001224608us-gaap:EquityContractMember2023-12-310001224608us-gaap:EquitySwapMemberus-gaap:InvestmentIncomeMember2024-01-012024-03-310001224608us-gaap:EquitySwapMemberus-gaap:InvestmentIncomeMember2023-01-012023-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMembercno:CoinsuranceMemberus-gaap:GainLossOnInvestmentsMember12024-01-012024-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMembercno:CoinsuranceMemberus-gaap:GainLossOnInvestmentsMember12023-01-012023-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMembercno:FixedIndexedAnnuitiesMember2024-01-012024-03-310001224608us-gaap:EmbeddedDerivativeFinancialInstrumentsMembercno:FixedIndexedAnnuitiesMember2023-01-012023-03-310001224608us-gaap:DomesticCountryMember2024-03-310001224608cno:CarryforwardExpiration2026Member2024-03-310001224608cno:CarryforwardExpiration2027Member2024-03-310001224608cno:CarryforwardExpiration2028Through2035Member2024-03-310001224608cno:NoExpirationDateMember2024-03-310001224608cno:SeniorNote5.250PercentMemberus-gaap:SeniorNotesMember2024-03-310001224608cno:SeniorNote5.250PercentMemberus-gaap:SeniorNotesMember2023-12-310001224608cno:SeniorNote5.250PercentMay2029Memberus-gaap:SeniorNotesMember2024-03-310001224608cno:SeniorNote5.250PercentMay2029Memberus-gaap:SeniorNotesMember2023-12-310001224608cno:A5125SubordinatedDebenturesDue2060Memberus-gaap:SubordinatedDebtMember2024-03-310001224608cno:A5125SubordinatedDebenturesDue2060Memberus-gaap:SubordinatedDebtMember2023-12-310001224608us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-310001224608us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2023-12-310001224608us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-07-160001224608cno:CreditSpreadAdjustmentSOFRMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-07-162021-07-160001224608us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMembercno:SecuredOvernightFinancingRateSOFRMembersrt:MinimumMember2021-07-162021-07-160001224608srt:MaximumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMembercno:SecuredOvernightFinancingRateSOFRMember2021-07-162021-07-160001224608us-gaap:BaseRateMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMembersrt:MinimumMember2021-07-162021-07-160001224608us-gaap:BaseRateMembersrt:MaximumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-07-162021-07-16cno:subsidiary0001224608us-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueJuly2024RateMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueAugust2024RateOneMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueMay2025Member2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJune2025RateOneMember2024-03-310001224608cno:BorrowingsDueJune2025RateTwoMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueSeptember2025Memberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueOctober2025RateOneMember2024-03-310001224608cno:BorrowingsDueOctober2025RateTwoMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueOctober2025RateThreeMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueNovember2025Member2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueDecember2025RateOneMember2024-03-310001224608cno:BorrowingsDueJanuary2026RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2026RateTwoMember2024-03-310001224608cno:BorrowingsDueJanuary2026RateThreeMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2026RateFourMember2024-03-310001224608cno:BorrowingsDueMay2026RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueMay2026RateTwoMember2024-03-310001224608cno:BorrowingsDueDecember2026RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2027RateOneMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2027RateTwoMember2024-03-310001224608cno:BorrowingsDueJanuary2027RateThreeMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueJanuary2027RateFourMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueFebruary2027RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueApril2027Member2024-03-310001224608cno:BorrowingsDueMay2027Memberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJune2027RateOneMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJune2027RateTwoMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJuly2027RateOneMember2024-03-310001224608cno:BorrowingsDueJuly2027RateTwoMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueAugust2027RateOneMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2028RateOneMember2024-03-310001224608cno:BorrowingsDueJanuary2028RateTwoMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueJanuary2028RateThreeMember2024-03-310001224608cno:BorrowingsDueFebruary2028RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueFebruary2028RateTwoMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueFebruary2028RateThreeMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:FederalHomeLoanBankAdvancesMembercno:BorrowingsDueFebruary2028RateFourMember2024-03-310001224608cno:BorrowingsDueFebruary2028RateFiveMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueJuly2028RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608cno:BorrowingsDueAugust2028RateOneMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-03-310001224608us-gaap:SubsequentEventMember2024-04-012024-04-020001224608us-gaap:CommonStockMemberus-gaap:SubsequentEventMember2024-05-012024-05-0600012246082022-03-252022-03-25cno:policyholder0001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ReportableLegalEntitiesMember2024-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ConsolidationEliminationsMember2024-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ReportableLegalEntitiesMember2023-12-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:ConsolidationEliminationsMember2023-12-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-12-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2024-01-012024-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2023-01-012023-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CorporateDebtSecuritiesMember2023-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Member2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-03-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedDebtObligationsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2024-03-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-03-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Member2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedDebtObligationsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608cno:TotalFixedMaturitiesAvailableForSaleMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001224608us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedDebtObligationsMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TotalFixedMaturitiesAvailableForSaleMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TradingSecuritiesMortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TradingSecuritiesMortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:TradingSecuritiesMortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:OtherInvestedAssetsResidualTranchesMember2023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2022-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2024-01-012024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2023-01-012023-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercno:InterestSensitiveProductsFixedIndexAnnuityProductsMember2023-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedPurchasePriceMemberus-gaap:CorporateDebtSecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:MarketApproachValuationTechniqueMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMemberus-gaap:EquitySecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedPurchasePriceMemberus-gaap:EquitySecuritiesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedThirdPartyPriceSourceMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMembersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Member2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembersrt:MaximumMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2024-03-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2024-03-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:CorporateDebtSecuritiesMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedPurchasePriceMemberus-gaap:CorporateDebtSecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMemberus-gaap:EquitySecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercno:ValuationTechniqueRecoveryMethodMembercno:MeasurementInputExpectedRecoveryPercentageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedPurchasePriceMemberus-gaap:EquitySecuritiesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationUnadjustedThirdPartyPriceSourceMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputLapseRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMembersrt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputUtilizationRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Member2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembersrt:MaximumMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputProjectedPortfolioYieldsMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:MinimumMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membersrt:MaximumMembercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMember2023-12-310001224608us-gaap:FairValueInputsLevel3Membercno:MeasurementInputsSurrenderRatesMembercno:ValuationTechniqueDiscountedProjectedEmbeddedDerivativesMembersrt:WeightedAverageMember2023-12-310001224608cno:MichaelE.MeadMember2024-01-012024-03-310001224608cno:MichaelE.MeadMember2024-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2024
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___ to ___ 

Commission File Number 001-31792

CNO Financial Group, Inc.
Delaware 75-3108137
State of Incorporation IRS Employer Identification No.
  
11299 Illinois Street  
Carmel,Indiana46032 (317)817-6100
Address of principal executive offices Telephone

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.01 per shareCNONew York Stock Exchange
Rights to purchase Series F Junior Participating Preferred StockNew York Stock Exchange
5.125% Subordinated Debentures due 2060CNOpANew York Stock Exchange

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:  Yes   No

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes   No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act.  Large accelerated filer   Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):  Yes No

Shares of common stock outstanding as of April 23, 2024:  108,259,664






TABLE OF CONTENTS
PART I - FINANCIAL INFORMATIONPage
   
Item 1.Financial Statements (unaudited) 
   
Item 2.
Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations
Item 3.
Item 4.
PART II - OTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Item 5.
Item 6.

2


PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.



CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Dollars in millions)
(unaudited)

ASSETS
March 31,
2024
December 31,
2023
 
Investments:  
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: March 31, 2024 - $39.0 and December 31, 2023 - $42.9; amortized cost: March 31, 2024 - $23,950.8 and December 31, 2023 - $23,699.2)
$21,648.1 $21,506.2 
Equity securities at fair value118.4 96.9 
Mortgage loans (net of allowance for credit losses: March 31, 2024 - $16.6 and December 31, 2023 - $15.4)
2,087.1 2,064.1 
Policy loans130.3 128.5 
Trading securities222.8 222.7 
Investments held by variable interest entities (net of allowance for credit losses: March 31, 2024 - $4.3 and December 31, 2023 - $3.1; amortized cost: March 31, 2024 - $547.2 and December 31, 2023 - $787.6)
533.4 768.6 
Other invested assets1,471.3 1,353.4 
Total investments26,211.4 26,140.4 
Cash and cash equivalents - unrestricted566.3 774.5 
Cash and cash equivalents held by variable interest entities83.5 114.5 
Accrued investment income252.0 251.5 
Present value of future profits175.5 180.7 
Deferred acquisition costs1,992.3 1,944.4 
Reinsurance receivables (net of allowance for credit losses: March 31, 2024 - $3.0 and December 31, 2023 - $3.0)
3,969.0 4,040.7 
Market risk benefit asset84.1 75.4 
Income tax assets, net886.1 936.2 
Assets held in separate accounts3.3 3.1 
Other assets716.2 641.1 
Total assets$34,939.7 $35,102.5 

(continued on next page)







The accompanying notes are an integral part
of the consolidated financial statements.
3



CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET, continued
(Dollars in millions)
(unaudited)

LIABILITIES AND SHAREHOLDERS' EQUITY
March 31,
2024
December 31,
2023
 
Liabilities:  
Liabilities for insurance products:  
Policyholder account balances$15,736.7 $15,667.8 
Future policy benefits11,736.5 11,928.2 
Market risk benefit liability3.8 7.4 
Liability for life insurance policy claims65.1 62.1 
Unearned and advanced premiums226.0 218.9 
Liabilities related to separate accounts3.3 3.1 
Other liabilities905.0 848.8 
Investment borrowings2,189.1 2,189.3 
Borrowings related to variable interest entities565.5 820.8 
Notes payable – direct corporate obligations1,141.0 1,140.5 
Total liabilities32,572.0 32,886.9 
Commitments and Contingencies
Shareholders' equity:  
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: March 31, 2024 – 108,568,594; December 31, 2023 – 109,357,540)
1.1 1.1 
Additional paid-in capital1,851.2 1,891.5 
Accumulated other comprehensive loss(1,480.3)(1,576.8)
Retained earnings1,995.7 1,899.8 
Total shareholders' equity2,367.7 2,215.6 
Total liabilities and shareholders' equity$34,939.7 $35,102.5 
















The accompanying notes are an integral part
of the consolidated financial statements.

4

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in millions, except per share data)
(unaudited)
Three months ended
March 31,
 20242023
Revenues:
Insurance policy income$628.4 $625.5 
Net investment income:  
General account assets301.9 292.2 
Policyholder and other special-purpose portfolios167.3 50.8 
Investment gains (losses):
Realized investment losses(10.0)(14.6)
Other investment gains17.8  
Total investment gains (losses)7.8 (14.6)
Fee revenue and other income51.1 52.1 
Total revenues1,156.5 1,006.0 
Benefits and expenses:
Insurance policy benefits631.4 609.7 
Liability for future policy benefits remeasurement (gain) loss(6.4).6 
Change in fair value of market risk benefits(13.7)14.8 
Interest expense60.2 54.7 
Amortization of deferred acquisition costs and present value of future profits 60.5 55.5 
Other operating costs and expenses278.3 271.7 
Total benefits and expenses1,010.3 1,007.0 
Income (loss) before income taxes146.2 (1.0)
Income tax expense (benefit) on period income (loss)33.9 (.2)
Net income (loss)$112.3 (.8)
Earnings per common share:
Basic:
Weighted average shares outstanding108,964,000 114,545,000 
Net income (loss)$1.03 $(.01)
Diluted:  
Weighted average shares outstanding110,845,000 114,545,000 
Net income (loss)$1.01 $(.01)











The accompanying notes are an integral part
of the consolidated financial statements.
5

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(Dollars in millions)
(unaudited)
Three months ended
March 31,
20242023
Net income (loss)$112.3 $(.8)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on investments(114.6)626.1 
Adjustment to discount rate for liability for future policy benefits231.7 (263.3)
Adjustment to instrument-specific credit risk for market risk benefits(1.4).9 
Reclassification adjustments:
For net realized investment losses included in net income (loss)7.3 10.9 
Other comprehensive income before tax123.0 374.6 
Income tax expense related to items of accumulated other comprehensive income(26.5)(81.7)
Other comprehensive income, net of tax96.5 292.9 
Comprehensive income$208.8 $292.1 




























The accompanying notes are an integral part
of the consolidated financial statements.

6

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
(Dollars in millions, shares in thousands)
(unaudited)
Common stock
Additional
paid-in
Accumulated other comprehensiveRetained
 SharesAmountcapitalincome (loss)earningsTotal
Balance, December 31, 2022114,343 $1.1 $2,033.8 $(1,957.3)$1,691.2 $1,768.8 
Net loss— — — — (.8)(.8)
Other comprehensive income, net of tax— — — 292.9 — 292.9 
Common stock repurchased(633)— (15.1)— — (15.1)
Dividends on common stock— — — — (16.4)(16.4)
Employee benefit plans, net of shares used to pay tax withholdings1,195 — 2.4 — — 2.4 
Balance, March 31, 2023114,905 $1.1 $2,021.1 $(1,664.4)$1,674.0 $2,031.8 
Balance, December 31, 2023109,358 $1.1 $1,891.5 $(1,576.8)$1,899.8 $2,215.6 
Net income— — — — 112.3 112.3 
Other comprehensive income, net of tax— — — 96.5 — 96.5 
Common stock repurchased(1,483)— (40.0)— — (40.0)
Dividends on common stock— — — — (16.4)(16.4)
Employee benefit plans, net of shares used to pay tax withholdings694 — (.3)— — (.3)
Balance, March 31, 2024108,569 $1.1 $1,851.2 $(1,480.3)$1,995.7 $2,367.7 



























The accompanying notes are an integral part
of the consolidated financial statements.



7

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Dollars in millions)
(unaudited)
Three months ended
March 31,
 20242023
Cash flows from operating activities:  
Insurance policy income$582.1 $582.2 
Net investment income334.4 315.0 
Fee revenue and other income53.6 50.4 
Insurance policy benefits(408.0)(410.9)
Interest expense(50.4)(38.6)
Deferrable policy acquisition costs(103.2)(89.8)
Other operating costs(303.8)(320.2)
Income taxes(10.1)(6.2)
Net cash from operating activities94.6 81.9 
Cash flows from investing activities:  
Sales of investments671.0 486.5 
Maturities and redemptions of investments368.3 276.8 
Purchases of investments(1,064.7)(1,147.7)
Net sales (purchases) of trading securities4.3 (8.4)
Other(2.5)(13.9)
Net cash used by investing activities(23.6)(406.7)
Cash flows from financing activities:  
Issuance of common stock2.8 8.1 
Payments to repurchase common stock(58.8)(25.8)
Common stock dividends paid(17.3)(17.1)
Payments on financing arrangements(3.5) 
Amounts received for deposit products523.9 498.3 
Withdrawals from deposit products(505.5)(422.1)
Issuance of investment borrowings:
Federal Home Loan Bank222.0 620.5 
Payments on investment borrowings:
Federal Home Loan Bank(222.1)(420.4)
Related to variable interest entities(251.7)(39.5)
Net cash provided (used) by financing activities(310.2)202.0 
Net decrease in cash and cash equivalents(239.2)(122.8)
Cash and cash equivalents - unrestricted and held by variable interest entities, beginning of period889.0 644.9 
Cash and cash equivalents - unrestricted and held by variable interest entities, end of period$649.8 $522.1 










The accompanying notes are an integral part
of the consolidated financial statements.
8

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________


BUSINESS AND BASIS OF PRESENTATION

CNO Financial Group, Inc., a Delaware corporation ("CNO"), is a holding company for a group of insurance companies that develop, market and administer health insurance, annuity, individual life insurance and other insurance products.  The terms "CNO Financial Group, Inc.", "CNO", the "Company", "we", "us", and "our" as used in these financial statements refer to CNO and its subsidiaries.  Such terms, when used to describe insurance business and products, refer to the insurance business and products of CNO's insurance subsidiaries.

We focus on serving middle-income pre-retiree and retired Americans, which we believe are attractive, underserved, high growth markets.  We sell our products through exclusive agents, independent producers (some of whom sell one or more of our product lines exclusively) and direct marketing.

Our unaudited consolidated financial statements reflect normal recurring adjustments that, in the opinion of management, are necessary for a fair statement of our financial position, results of operations and cash flows for the periods presented.  As permitted by rules and regulations of the Securities and Exchange Commission (the "SEC") applicable to quarterly reports on Form 10-Q, we have condensed or omitted certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").  Results for interim periods are not necessarily indicative of the results that may be expected for a full year.

The December 31, 2023 consolidated balance sheet data was derived from the audited consolidated financial statements included in our 2023 Annual Report on Form 10-K. Accordingly, these interim consolidated financial statements should be read together with the consolidated financial statements included in our 2023 Annual Report on Form 10-K.

When we prepare financial statements in conformity with GAAP, we are required to make estimates and assumptions that significantly affect reported amounts of various assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.  For example, we use significant estimates and assumptions to calculate values for deferred acquisition costs, the present value of future profits, fair value measurements of certain investments (including derivatives), allowance for credit losses and other-than-temporary impairments of investments, assets and liabilities related to income taxes, liabilities for insurance products, liabilities related to litigation and guaranty fund assessment accruals.  If our future experience differs from these estimates and assumptions, our financial statements could be materially affected.

The accompanying financial statements are unaudited and include the accounts of the Company and its subsidiaries. Our consolidated financial statements exclude transactions between us and our consolidated affiliates, or among our consolidated affiliates.

9

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

RECENTLY ISSUED ACCOUNTING STANDARDS

In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"). ASU 2023-07 is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. Such requirements include: (i) disclosures on significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss on an annual and interim basis; (ii) disclosures of an amount for other segment items by reportable segment and a description of its composition on an annual and interim basis (the other segment items category is the difference between segment revenues less the segment expenses disclosed pursuant to the new guidance); (iii) providing all annual disclosures on a reportable segment’s profit or loss and assets currently required by FASB ASC Topic 280, Segment Reporting in interim periods; and (iv) specifying the title and position of the CODM and an explanation of how the CODM uses the reported measures to assess segment performance and make decisions about allocating resources. ASU 2023-07 is effective for annual periods beginning January 1, 2024 and interim periods beginning January 1, 2025, to be applied on a retrospective basis (with early adoption permitted). The adoption of ASU 2023-07 will expand our disclosures but will not have an impact on our financial position or results of operations.

In December 2023, the FASB issued Accounting Standards Update 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"). ASU 2023-09 is intended to improve the effectiveness of income tax disclosures by requiring, among other things, the disclosure on an annual basis of: (i) specific categories in the rate reconciliation; and (ii) additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires disclosure (on an annual basis) of the following information about income taxes paid: (i) the amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes; and (ii) the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). ASU 2023-09 is effective for annual periods beginning January 1, 2025, to be applied prospectively with an option for retrospective application (with early adoption permitted). The adoption of ASU 2023-09 will modify our disclosures but will not have an impact on our financial position or results of operations.
10

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

INVESTMENTS

We classify our fixed maturity securities into one of two categories: (i) "available for sale" (which we carry at estimated fair value with any unrealized gain or loss, net of tax and related adjustments, recorded as a component of shareholders' equity); or (ii) "trading" (which we carry at estimated fair value with changes in such value recognized as either net investment income (classified as investment income from policyholder and other special-purpose portfolios) or investment gains (losses)).

Trading securities include: (i) investments purchased with the intent of selling in the near term to generate income; and (ii) certain fixed maturity securities containing embedded derivatives for which we have elected the fair value option.  The change in fair value of the income generating investments is recognized in income from policyholder and other special-purpose portfolios (a component of net investment income). The change in fair value of securities with embedded derivatives is recognized in other investment gains (losses).

We review our available for sale fixed maturity securities with unrealized losses to determine whether such impairments are the result of credit losses. We analyze various factors to make such determinations including, but not limited to: (i) actions taken by rating agencies; (ii) default by the issuer; (iii) the significance of the decline; (iv) an assessment of our intent to sell the security before recovering the security's amortized cost; (v) an economic analysis of the issuer's industry; and (vi) the financial strength, liquidity, and recoverability of the issuer. We perform a security by security review each quarter to evaluate whether a credit loss has occurred.

In determining the credit loss component, we discount the estimated cash flows on a security by security basis. We consider the impact of macroeconomic conditions on inputs used to measure the amount of credit loss. For most structured securities, cash flow estimates are based on bond-specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity, prepayment speeds and structural support, including overcollateralization, excess spread, subordination and guarantees. For corporate bonds, cash flow estimates are derived by considering asset type, rating, time to maturity, and applying an expected loss rate.

If a portion of the decline is due to credit-related factors, we separate the credit loss component of the impairment from the amount related to all other factors. The credit loss component is recorded as an allowance and reported in other investment gains (losses) (limited to the difference between estimated fair value and amortized cost). The impairment related to all other factors (non-credit factors) is reported in accumulated other comprehensive income (loss) along with unrealized gains (losses) related to fixed maturity investments, available for sale, net of tax and related adjustments. The allowance is adjusted for any additional credit losses and subsequent recoveries. When recognizing an allowance associated with a credit loss, the cost basis is not adjusted. When we determine a security is uncollectable, the remaining amortized cost will be written off.
  
If we intend to sell an impaired fixed maturity security, available for sale, or identify an impaired fixed maturity security, available for sale, for which it is more likely than not we will be required to sell before anticipated recovery, the difference between the fair value and the amortized cost is included in other investment gains (losses) and the fair value becomes the new amortized cost. The new cost basis is not adjusted for any subsequent recoveries in fair value.

The Company reports accrued investment income separately from fixed maturities, available for sale, and has elected not to measure an allowance for credit losses for accrued investment income. Accrued investment income is written off through net investment income at the time the issuer of the bond defaults or is expected to default on payments.


11

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

At March 31, 2024, the amortized cost, gross unrealized gains, gross unrealized losses, allowance for credit losses and estimated fair value of fixed maturities, available for sale, were as follows (dollars in millions):
Amortized costGross unrealized gainsGross unrealized lossesAllowance for credit lossesEstimated fair value
Corporate securities$13,132.7 $50.5 $(1,506.6)$(37.7)$11,638.9 
United States Treasury securities and obligations of United States government corporations and agencies232.8  (18.4) 214.4 
States and political subdivisions3,054.5 26.4 (376.9)(.6)2,703.4 
Foreign governments94.8 .6 (12.5)(.6)82.3 
Asset-backed securities1,546.1 3.3 (95.4)(.1)1,453.9 
Agency residential mortgage-backed securities683.3 6.7 (2.3) 687.7 
Non-agency residential mortgage-backed securities1,670.4 33.6 (144.2) 1,559.8 
Collateralized loan obligations1,151.0 4.6 (10.0) 1,145.6 
Commercial mortgage-backed securities2,385.2 1.8 (224.9) 2,162.1 
Total fixed maturities, available for sale$23,950.8 $127.5 $(2,391.2)$(39.0)$21,648.1 

At December 31, 2023, the amortized cost, gross unrealized gains, gross unrealized losses, allowance for credit losses and estimated fair value of fixed maturities, available for sale, were as follows (dollars in millions):
Amortized costGross unrealized gainsGross unrealized lossesAllowance for credit lossesEstimated fair value
Corporate securities$13,186.9 $74.7 $(1,382.4)$(41.7)$11,837.5 
United States Treasury securities and obligations of United States government corporations and agencies207.6 .1 (13.3) 194.4 
States and political subdivisions2,896.8 31.3 (360.7)(.7)2,566.7 
Foreign governments92.7 1.2 (10.4)(.4)83.1 
Asset-backed securities1,476.2 4.1 (107.8)(.1)1,372.4 
Agency residential mortgage-backed securities639.0 9.5 (.5) 648.0 
Non-agency residential mortgage-backed securities1,670.1 35.8 (152.7) 1,553.2 
Collateralized loan obligations1,042.5 3.3 (13.0) 1,032.8 
Commercial mortgage-backed securities2,487.4 .7 (270.0) 2,218.1 
Total fixed maturities, available for sale$23,699.2 $160.7 $(2,310.8)$(42.9)$21,506.2 


12

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

The following table sets forth the amortized cost and estimated fair value of fixed maturities, available for sale, at March 31, 2024, 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.  Structured securities (such as asset-backed securities, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, collateralized loan obligations and commercial mortgage-backed securities, collectively referred to as "structured securities") frequently include provisions for periodic principal payments and permit periodic unscheduled payments.
Amortized
cost
Estimated
fair
value
 (Dollars in millions)
Due in one year or less$324.8 $314.6 
Due after one year through five years2,278.8 2,175.7 
Due after five years through ten years1,529.8 1,450.2 
Due after ten years12,381.4 10,698.5 
Subtotal16,514.8 14,639.0 
Structured securities7,436.0 7,009.1 
Total fixed maturities, available for sale$23,950.8 $21,648.1 

Gross Unrealized Investment Losses

Our investment strategy is to maximize, over a sustained period and within acceptable parameters of quality and risk, investment income and total investment return through active strategic asset allocation and investment management. Accordingly, we may sell securities at a gain or a loss to enhance the projected total return of the portfolio as market opportunities change, to reflect changing perceptions of risk, or to better match certain characteristics of our investment portfolio with the corresponding characteristics of our insurance liabilities.


13

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

The following table summarizes the gross unrealized losses and fair values of our investments with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that such securities have been in a continuous unrealized loss position, at March 31, 2024 (dollars in millions):

 Less than 12 months12 months or greaterTotal
Description of securitiesFair
value
Unrealized
losses
Fair
value
Unrealized
losses
Fair
value
Unrealized
losses
Corporate securities$508.6 $(7.4)$5,339.7 $(719.3)$5,848.3 $(726.7)
United States Treasury securities and obligations of United States government corporations and agencies72.9 (3.3)119.0 (15.1)191.9 (18.4)
States and political subdivisions272.4 (4.0)959.2 (166.4)1,231.6 (170.4)
Foreign governments12.0 (.5)18.2 (1.1)30.2 (1.6)
Asset-backed securities110.5 (.8)1,064.1 (93.7)1,174.6 (94.5)
Agency residential mortgage-backed securities249.8 (1.9)11.5 (.4)261.3 (2.3)
Non-agency residential mortgage-backed securities117.7 (.9)1,064.4 (143.3)1,182.1 (144.2)
Collateralized loan obligations233.1 (1.9)334.2 (8.1)567.3 (10.0)
Commercial mortgage-backed securities96.3 (.6)1,851.1 (224.3)1,947.4 (224.9)
Total fixed maturities, available for sale$1,673.3 $(21.3)$10,761.4 $(1,371.7)$12,434.7 $(1,393.0)

The following table summarizes the gross unrealized losses and fair values of our investments with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that such securities have been in a continuous unrealized loss position, at December 31, 2023 (dollars in millions):

 Less than 12 months12 months or greaterTotal
Description of securitiesFair
value
Unrealized
losses
Fair
value
Unrealized
losses
Fair
value
Unrealized
losses
Corporate securities$332.0 $(5.3)$5,199.0 $(640.6)$5,531.0 $(645.9)
United States Treasury securities and obligations of United States government corporations and agencies126.7 (10.2)34.5 (3.1)161.2 (13.3)
States and political subdivisions236.9 (3.8)990.0 (181.2)1,226.9 (185.0)
Foreign governments6.2  21.1 (2.3)27.3 (2.3)
Asset-backed securities46.9 (.8)1,066.8 (106.0)1,113.7 (106.8)
Agency residential mortgage-backed securities73.4 (.4)7.1 (.1)80.5 (.5)
Non-agency residential mortgage-backed securities69.0 (1.3)1,062.9 (151.4)1,131.9 (152.7)
Collateralized loan obligations75.0 (.3)590.9 (12.7)665.9 (13.0)
Commercial mortgage-backed securities203.8 (2.4)1,914.1 (267.6)2,117.9 (270.0)
Total fixed maturities, available for sale$1,169.9 $(24.5)$10,886.4 $(1,365.0)$12,056.3 $(1,389.5)

14

CNO FINANCIAL GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(unaudited)
___________________

Based on management's current assessment of investments with unrealized losses at March 31, 2024, the Company believes the issuers of the securities will continue to meet their obligations.  While we do not have the intent to sell securities with unrealized losses and it is not more likely than not that we will be required to sell securities with unrealized losses prior to their anticipated recovery, our intent on an individual security may change, based upon market or other unforeseen developments. In such instances, if a loss is recognized from a sale subsequent to a balance sheet date due to these unexpected developments, the loss is recognized in the period in which we had the intent to sell the security before its anticipated recovery.

The following table summarizes changes in the allowance for credit losses related to fixed maturities, available for sale, for the three months ended March 31, 2024 (dollars in millions):

Corporate securitiesStates and political subdivisionsForeign governmentsAsset-backed securitiesTotal
Allowance at December 31, 2023$41.7 $.7 $.4 $.1 $42.9 
Additions for securities for which credit losses were not previously recorded2.2 (.1).1  2.2 
Additions (reductions) for securities where an allowance was previously recorded(6.1) .1  (6.0)
Reduction for securities sold during the period(.1)   (.1)
Allowance at March 31, 2024$37.7 $.6 $.6 $.1 $39.0 

The following table summarizes changes in the allowance for credit losses related to fixed maturities, available for sale, for the three months ended March 31, 2023 (dollars in millions):

Corporate securitiesStates and political subdivisionsForeign governmentsAsset-backed securitiesTotal
Allowance at December 31, 2022$54.4 $.9 $.4 $.3 $56.0 
Additions for securities for which credit losses were not previously recorded3.0    3.0 
Additions (reductions) for securities where an allowance was previously recorded.5 (.1).1 .3 .8 
Reduction for securities sold during the period(.7)   (.7)
Allowance at March 31, 2023$57.2 $.8 $.5 $.6 $