康塞科 2026年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 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. 75-3108137 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 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"in Rule 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act):Yes☐No☒ Shares of common stock outstanding as of April30, 2026:93,348,503 TABLE OF CONTENTS Consolidated Balance Sheet as of March 31, 2026 and December 31, 20253Consolidated Statement of Operations for the three months ended March 31, 2026 and 20255Consolidated Statement of Comprehensive Income for the three months ended March 31, 2026 and 20256Consolidated Statement of Shareholders' Equity for the three months ended March 31, 2026 and 20257Consolidated Statement of Cash Flows for the three months ended March 31, 2026 and 20258Notes to Consolidated Financial Statements9Item 2.Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations58Cautionary Statement Regarding Forward-Looking Statements58Overview60Governmental Regulation63Critical Accounting Estimates64Results of Operations652026 Outlook76Liquidity and Capital Resources77Investments82Investments in Variable Interest Entities88New Accounting Standards90Item 3.Quantitative and Qualitative Disclosures About Market Risk90Item 4.Controls and Procedures90 PART I - FINANCIAL INFORMATION CNO FINANCIAL GROUP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEET(Dollars in millions)(unaudited)ASSETSMarch 31,2026December 31,2025 LIABILITIES AND SHAREHOLDERS' EQUITY CNO FINANCIAL GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF OPERATIONS(Dollars in millions, except per share data) CNO FINANCIAL GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY(Dollars in millions, shares in thousands) CNO FINANCIAL GROUP, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements(unaudited)___________________ 1. BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES 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 and financial services products.The terms "CNOFinancial Group, Inc.", "CNO", the "Company", "we", "us", and "our" as used in these financial statements refer to CNO and itssubsidiaries.Such terms, when used to describe insurance business and products, refer to the insurance business and products of CNO'sinsurance subsidiaries. We focus on serving middle-income pre-retiree and retired Americans, which we believe are attractive, underserved, high growthmarkets.We sell our products through exclusive agents, independent producers (some of whom sell one or more of our product linesexclusively) and direct marketing. Our unaudited consolidated financial statements reflect normal recurring adjustments that, in the opinion of management, are necessaryfor a fair statement of our financial position, results of operations and cash flows for the periods presented.As permitted by rules andregulations of the Securities and Exchange Commission (the "SEC") applicable to quarterly reports on Form 10-Q, we have condensed oromitted certain information and disclosures normally included in financial statements prepared in accordance with accounting principlesgenerally accepted in the United States of America ("GAAP").Results for interim periods are not ne