康塞科 2024年度报告

☑Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year endedDecember 31, 2024☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from______ to ______ Delaware75-3108137 Carmel,Indiana46032(317)817-6100Address of principal executive officesTelephone Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒ 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 1934during 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 filingrequirements 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 ofRegulation S-T (§ 232.405 of this chapter) 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 anemerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" inRule 12b-2 of the Exchange Act.Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growthcompany☐ 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 newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared orissued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☒ Table of Contents Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ At June30, 2024, the last business day of the Registrant's most recently completed second fiscal quarter, the aggregate market value of the Registrant'scommon equity held by non-affiliates was approximately $2.9billion. Shares of common stock outstanding as of February 5, 2025:100,877,837 DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant's definitive proxy statement for the 2025 annual meeting of shareholdersare incorporated by reference into Part III of this report. TABLE OF CONTENTS PART IPageItem 1.Business of CNO6Item 1A.Risk Factors31Item 1B.Unresolved Staff Comments46Item 1C.Cybersecurity46Item 2.Properties47Item 3.Legal Proceedings48Item 4.Mine Safety Disclosures48Executive Officers of the Registrant49 Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities50Item 6.Selected Consolidated Financial Data52Item 7.Management's Discussion and Analysis of Consolidated Financial Condition and Results ofOperations53Item 7A.Quantitative and Qualitative Disclosures About Market Risk91Item 8.Consolidated Financial Statements92Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure189Item 9A.Controls and Procedures189Item 9B.Other Information191Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections191 Item 10.Directors, Executive Officers and Corporate Governance192Item 11.Executive Compensation192Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters192Item 13.Certain Relationships and Related Transactions, and Director Independence192Item 14.Principal Accountant Fees and Services192 Item 15.Exhibits and Financial Statement Schedules193Item 16.Form 10-K Summary197 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Our statements, trend analyses and other information contained in this report and elsewhere (such as in filings by CNO with the SEC,press releases, presentations by CNO or its management or oral statements) relative to markets for CNO's products an