The document outlines the agenda for CNO Financial Group's 2012 Investor Day, including presentations on CNO's strategy, segment growth strategies, target markets and distribution, investments, and financial overview. Speakers include the CEO, CBO, presidents of the company's business segments, and CFO. The event was intended to provide investors with an update on CNO's business and strategic direction.
First Bank of Nigeria Full Year December 2011 & First Quarter 2012 Results Pr...FirstBank, Nigeria
The document is a presentation for First Bank of Nigeria's full year 2011 and first quarter 2012 results. It provides an overview of the bank's operating environment and macroeconomic considerations, followed by sections reviewing the bank's financial performance, risk management, and strategy. The presentation was intended to inform analysts and investors about First Bank of Nigeria's results and outlook.
The document discusses upcoming changes to the UK state pension age. It summarizes that:
- The state pension age will gradually increase to 67 for both men and women by 2028, affecting millions in their early fifties.
- For women, the changes mean more dramatic rises than initially feared, as the women's state pension age will now match the men's rise to 66 by late 2020s.
- The Autumn Statement in November 2011 announced the accelerated timeline, with the state pension age starting to rise to 67 for both sexes in 2026.
This document is the annual report letter to shareholders from Marshall & Ilsley Corporation regarding their 2008 financial results. It summarizes that 2008 was a disappointing year due to losses from housing market collapse and overexposure to construction loans. It outlines steps taken to reduce risks, such as selling loans, job cuts, and dividend reductions. It expresses hope that government economic stimulus plans will help stabilize the economy and banking industry.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
1. The document discusses new perspectives on developing mental toughness, breaking it down into four key types: turn-around toughness, critical moment toughness, endurance toughness, and risk management toughness.
2. It then provides an economic update, summarizing key economic data in the UK such as CPI, RPI, employment, unemployment, GDP growth, interest rates, oil and gold prices, and house price indexes.
3. The economic update notes that consumer focus remains on debt repayment, with mortgage lending lower than a year ago and credit card purchases stable as repayment levels match new spending.
Banco Pine - Institutional Presentation 1Q12Banco Pine
PINE is a Brazilian bank specialized in providing financial solutions for large corporations. It has a long history dating back to 1939 and extensive experience with Brazil's corporate credit cycles. The bank focuses on establishing long-term relationships with large corporate clients. Its business is structured along four primary lines: corporate credit, hedging, investment banking and distribution. Over half of PINE's credit portfolio consists of clients with annual revenues over $1 billion USD.
This document discusses Small Business Investment Companies (SBICs) and mezzanine financing. It provides an overview of the SBIC program, noting that it has provided over $60 billion to small US companies. SBICs make investments of $3 million to $15 million in areas like acquisitions and growth financing. Mezzanine financing sits between senior debt and equity in a company's capital structure, and is commonly used for transactions like acquisitions, growth capital, and dividend recapitalizations. The document provides contact information for Joe Burkhart at Saratoga Investment Corp to discuss SBICs and mezzanine financing further.
NorthStar Realty Finance is a commercial real estate finance company with three primary business lines: commercial real estate lending, real estate securities investment and management, and net leased corporate and healthcare properties. It has $6.8 billion of commercial real estate loans, securities, and properties under management. NorthStar focuses on senior loans, direct origination, and long-term capital raising. It has a seasoned management team with extensive experience and a strong credit track record through economic cycles. NorthStar prioritizes liquidity management, capital retention, and intensive credit risk management during the difficult market environment.
First Bank of Nigeria Full Year December 2011 & First Quarter 2012 Results Pr...FirstBank, Nigeria
The document is a presentation for First Bank of Nigeria's full year 2011 and first quarter 2012 results. It provides an overview of the bank's operating environment and macroeconomic considerations, followed by sections reviewing the bank's financial performance, risk management, and strategy. The presentation was intended to inform analysts and investors about First Bank of Nigeria's results and outlook.
The document discusses upcoming changes to the UK state pension age. It summarizes that:
- The state pension age will gradually increase to 67 for both men and women by 2028, affecting millions in their early fifties.
- For women, the changes mean more dramatic rises than initially feared, as the women's state pension age will now match the men's rise to 66 by late 2020s.
- The Autumn Statement in November 2011 announced the accelerated timeline, with the state pension age starting to rise to 67 for both sexes in 2026.
This document is the annual report letter to shareholders from Marshall & Ilsley Corporation regarding their 2008 financial results. It summarizes that 2008 was a disappointing year due to losses from housing market collapse and overexposure to construction loans. It outlines steps taken to reduce risks, such as selling loans, job cuts, and dividend reductions. It expresses hope that government economic stimulus plans will help stabilize the economy and banking industry.
This document discusses opportunities for growth at Bank of America's Global Wealth & Investment Management division. It notes that GWIM has strong momentum and returns, with solid client relationships. GWIM has a large existing client base and market presence that it can leverage for further growth. The document outlines strategies for growing different client segments, including expanding retirement capabilities and integrating the recently acquired U.S. Trust business. It highlights opportunities in areas like wealth structuring, alternatives, and international investments to better serve high-net-worth clients. Partnerships across Bank of America businesses will also help drive referrals and new opportunities.
1. The document discusses new perspectives on developing mental toughness, breaking it down into four key types: turn-around toughness, critical moment toughness, endurance toughness, and risk management toughness.
2. It then provides an economic update, summarizing key economic data in the UK such as CPI, RPI, employment, unemployment, GDP growth, interest rates, oil and gold prices, and house price indexes.
3. The economic update notes that consumer focus remains on debt repayment, with mortgage lending lower than a year ago and credit card purchases stable as repayment levels match new spending.
Banco Pine - Institutional Presentation 1Q12Banco Pine
PINE is a Brazilian bank specialized in providing financial solutions for large corporations. It has a long history dating back to 1939 and extensive experience with Brazil's corporate credit cycles. The bank focuses on establishing long-term relationships with large corporate clients. Its business is structured along four primary lines: corporate credit, hedging, investment banking and distribution. Over half of PINE's credit portfolio consists of clients with annual revenues over $1 billion USD.
This document discusses Small Business Investment Companies (SBICs) and mezzanine financing. It provides an overview of the SBIC program, noting that it has provided over $60 billion to small US companies. SBICs make investments of $3 million to $15 million in areas like acquisitions and growth financing. Mezzanine financing sits between senior debt and equity in a company's capital structure, and is commonly used for transactions like acquisitions, growth capital, and dividend recapitalizations. The document provides contact information for Joe Burkhart at Saratoga Investment Corp to discuss SBICs and mezzanine financing further.
NorthStar Realty Finance is a commercial real estate finance company with three primary business lines: commercial real estate lending, real estate securities investment and management, and net leased corporate and healthcare properties. It has $6.8 billion of commercial real estate loans, securities, and properties under management. NorthStar focuses on senior loans, direct origination, and long-term capital raising. It has a seasoned management team with extensive experience and a strong credit track record through economic cycles. NorthStar prioritizes liquidity management, capital retention, and intensive credit risk management during the difficult market environment.
Uni-Asia Finance Corporation reported financial results for the third quarter of FY2012. Total income increased 48% to $21.6 million compared to the same period last year, driven by growth across all business segments. Net profit was $2.1 million, up significantly from a loss last year. For the nine months, total income grew 57% to $59.6 million and net profit was $3.8 million, reversing last year's loss. The balance sheet remains healthy with a slight increase in net assets. Going forward, management expects continued earnings growth as business conditions improve across shipping, hotels, and investment management.
The document provides an economic update for February 2012 from Sri Lanka. It discusses the following key points in 3 sentences:
Commercial Bank of Ceylon achieved strong growth in 2011, with profits exceeding Rs. 10 billion. Standard & Poor's revised Sri Lanka's outlook to stable from positive due to external liquidity concerns and high public debt. Tourist arrivals to Sri Lanka rose 27% in February 2012 continuing growth from 2010, with the largest number coming from neighboring India.
Banco Pine - Institutional Presentation 4Q12Banco Pine
PINE is a Brazilian bank specialized in providing financial solutions to wholesale clients. In 2012:
- Total credit risk grew 12.5% to R$7.948 billion while total funding grew 7.9% to R$6.544 billion.
- Shareholders' equity increased 20.2% to R$1.015 billion.
- Fee income grew 96.7% to R$120 million and net income grew 15.4% to R$187 million.
- Return on average equity was 17.9%, an increase of 70 basis points from 2011.
This document provides an overview of basic financial concepts for members of the armed forces, including saving, using credit wisely, checking your credit report, insurance, avoiding inappropriate deals, budgeting, cash equivalent investments, creating an emergency fund, investing basics, asset classes like stocks and bonds, active and passive investment strategies, and basic investment products like stocks, bonds, mutual funds, and US savings bonds. The goal is to help service members take control of their finances and plan for both short- and long-term financial goals.
JPMorgan Chase Conference Call on Acquisition of Bear Stearnsfinance2
JPMorgan Chase is acquiring Bear Stearns in an all-stock transaction valued at approximately $236 million. The acquisition enhances JPMorgan Chase's investment banking and capital markets businesses. It provides significant prime brokerage, clearing, and other services. While there are risks, JPMorgan Chase expects the acquisition to be earnings accretive once fully integrated and generate approximately $1 billion in annual cost synergies. The acquisition requires shareholder and regulatory approval.
1) GE expects earnings of around $18 billion in 2008, below its previous forecast, but above the S&P 500's performance.
2) For 2009, GE projects Industrial segment growth of 0-5%, Financial Services earnings of around $5 billion, and flat performance for Corporate/C&I.
3) GE will maintain its $1.24 per share dividend for 2009 and expects long-term earnings growth to return to 10% after the recession ends.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides concise summaries of its business in investor presentations. This 3-sentence summary covers the key points:
Ladder has a diversified portfolio of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in highly-rated CMBS; it maintains a conservative leverage ratio of 3.1x and focuses on unsecured debt and non-recourse financing; and the company is led by an experienced management team that has been with Ladder since inception.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides a presentation on its business. It has a diversified portfolio consisting of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in investment grade CRE securities. It has a conservative leverage ratio of 3.1x adjusted debt to equity and focuses on using unsecured debt and non-recourse financing. The company is led by an experienced management team that has been with the company since inception.
Banco Pine - Institutional Presentation 3Q12Banco Pine
PINE is a specialized wholesale bank that provides financial solutions to corporate clients. It has four primary business lines: corporate credit, foreign exchange and commodities trading (FICC), investment banking, and distribution of banking products. Some highlights include maintaining a positive liquidity gap, strong capital ratios, and diversified funding sources. PINE continues to receive recognition from rating agencies through several rating upgrades in recent years due to its solid financial position and recurring revenue streams across business lines.
If you’re like many Americans, you’ve been setting aside money for your retirement. Now that you’re nearing retirement age, it may soon be time to start drawing money from your qualified retirement plans. When it comes to taking distributions, you face a number of important decisions, including which money to use first.
CIT is a bank holding company that provides financial products and advisory services to small and middle market businesses operating in over 50 countries, with over $60 billion in finance and leasing assets. It maintains leadership positions in areas like small business lending, retail finance, aerospace leasing, and vendor finance. The document provides an overview of CIT's financial performance and segments, including corporate finance, trade finance, transportation finance, and vendor finance.
Trends Affecting Today's Investor - Chris McDermottPhilip Taylor
The document discusses trends affecting today's investors including over a decade of difficult market conditions, an aging population with low retirement readiness, underfunded pensions, high consumer debt levels, and pessimistic investor sentiment. It also outlines how financial advisors can help investors by focusing on key questions related to markets and financial planning, providing education through various channels, and positively influencing investor behavior.
This document provides an agenda for the "ILS Asia - An Introduction to Life Settlements and Cat Bonds for Asia-Pacific Investors" conference taking place from October 13-15, 2010 in Hong Kong. The agenda outlines the schedule of presentations and workshops over the 3 days covering topics such as life settlements, catastrophe bonds, medical underwriting of life expectancy, and trends in Asian life expectancy. It lists over 35 industry speakers from areas including life settlements, insurance, asset management, and modeling agencies. The document promotes registering by July 16th to save up to $2,196 on attendance fees.
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría la importación de petróleo ruso a la UE y también impediría el acceso de buques rusos a puertos europeos. Sin embargo, Hungría se opone firmemente al embargo al petróleo, argumentando que su economía depende en gran medida de las importaciones de energía rusa.
Lesson 2 introduces the app "BrainPOP" which teaches about blogs. Blogs are short for web logs, where people post updates about their interests and activities. The lesson discusses what kinds of things people post on blogs and gives an example of a cook posting recipes. Students are asked to discuss different types of blogs and the importance of being careful about what is posted. They are also encouraged to come up with their own blog ideas.
Danny Alkassmi "Advance Sales Strategies for Today's Dealership"Sean Bradley
This document discusses strategies for improving a car dealership's advance sales process. It notes that current processes often break down due to a lack of clear direction, shortcuts, weak resources, and inconsistencies. The goal is to master a consistent selling method that enhances the dealership's image, promotes its products effectively, measures customer commitment, and satisfies customers, managers and salespeople. It outlines developing commitment, making counteroffers, creating movement, and focusing on the "big 3" of estimated monthly installment, sales tax savings, and potential equity investment.
Edmodo is a free education platform that allows teachers to create classes, distribute assignments, send announcements, and communicate with students. Teachers can post assignments, files, links, questions, and polls to engage students in online discussions or collaborations. Students can access course content and materials, submit assignments digitally, communicate with teachers and peers, and receive grades and feedback on their work.
The document discusses classroom layout. Effective classroom design can impact student engagement and learning by facilitating interaction and collaboration. Proper furniture arrangement allowing for both individual and group work can optimize the classroom environment.
Nobre Norte Clube Residencial, RJZ Cyrella, Apartamentos ao lado do Norte Sho...Suely Maia
Ao lado da Nova Expansão do Norte Shopping
Condomínio residencial fechado composto por 3 edifícios ( ed. Duque, Ed, Barão e Ed. Conde), com 470 apartamentos de 2 e 3 quartos com suíte, vaga de garagem e uma área de lazer para todas as idades. As unidades tipo de 2 quartos medem 55,03m² até 59,35m², as unidades tipo de 3 quartos medem 65m² e 66m² e as unidades Garden de 2 quartos 90,22m² e 93,80m². A unidades Garden de 3 quartos medem 75,53m², 89,78m² e 105,43m².
Com um hall social belíssimo com um pé direito duplo dando todo requinte para o Nobre Norte Clube Residencial.
O Ed. Duque contém 10 unidades por pavimentos e nos Ed. Barão e Conde 12 unidades por pavimentos. Cada edifício com 14 pavimentos, sendo que o 1º pavimento fica localizado no mesmo nível do PUC.
Temos 472 vagas de garagens sendo que 324 cobertas e 148 descobertas.
A área de lazer completa para todas as idades.
Área do Terreno: 9.217,38 m²
Vendas e Informações: (21) 2556-5838
Autotask's IT business management solution automates 10 essential business processes for IT service providers:
1) Centralizing all customer and operational data in a single platform for improved efficiency, quality, and insight.
2) Managing customer information through an integrated CRM module to improve sales opportunities and reporting.
3) Capturing alerts and service requests automatically and converting them into tickets for tracking and resolution.
4) Implementing automated workflow, escalation, and service level agreements to ensure commitments are met.
We Zhengzhou Dearye specialized in supplying turnkey projects of production lines for manufacturing AAC blocks and autoclaved fly ash/sand-lime bricks for more than 15 years in China.Due to the complicated nature of low activity and difficult in moulding of fly ash,as for our brick project,we specially designed DY&DYS series large-tonnage full automatic hydraulic brick presses for forming and adopt high temperature and pressure autoclave steam curing method for the brick bodies hardening,thus it could ensure our production line applicable for good quality brick production by high utilization(60-65%) of fly ash.
As for the raw materials for our autoclaved fly ash brick production line,they are mainly fly ash,sand(slag,stone wastes),lime,moderate gypsum and a certain ratio of water,if we adopts fly ash+carbide slag+stone wastes for brick making,the utilization rate of wastes could reach 100%.Welcome your factory visit and sincere inquiry.Contact Email:brickmachine999@yahoo.com
Uni-Asia Finance Corporation reported financial results for the third quarter of FY2012. Total income increased 48% to $21.6 million compared to the same period last year, driven by growth across all business segments. Net profit was $2.1 million, up significantly from a loss last year. For the nine months, total income grew 57% to $59.6 million and net profit was $3.8 million, reversing last year's loss. The balance sheet remains healthy with a slight increase in net assets. Going forward, management expects continued earnings growth as business conditions improve across shipping, hotels, and investment management.
The document provides an economic update for February 2012 from Sri Lanka. It discusses the following key points in 3 sentences:
Commercial Bank of Ceylon achieved strong growth in 2011, with profits exceeding Rs. 10 billion. Standard & Poor's revised Sri Lanka's outlook to stable from positive due to external liquidity concerns and high public debt. Tourist arrivals to Sri Lanka rose 27% in February 2012 continuing growth from 2010, with the largest number coming from neighboring India.
Banco Pine - Institutional Presentation 4Q12Banco Pine
PINE is a Brazilian bank specialized in providing financial solutions to wholesale clients. In 2012:
- Total credit risk grew 12.5% to R$7.948 billion while total funding grew 7.9% to R$6.544 billion.
- Shareholders' equity increased 20.2% to R$1.015 billion.
- Fee income grew 96.7% to R$120 million and net income grew 15.4% to R$187 million.
- Return on average equity was 17.9%, an increase of 70 basis points from 2011.
This document provides an overview of basic financial concepts for members of the armed forces, including saving, using credit wisely, checking your credit report, insurance, avoiding inappropriate deals, budgeting, cash equivalent investments, creating an emergency fund, investing basics, asset classes like stocks and bonds, active and passive investment strategies, and basic investment products like stocks, bonds, mutual funds, and US savings bonds. The goal is to help service members take control of their finances and plan for both short- and long-term financial goals.
JPMorgan Chase Conference Call on Acquisition of Bear Stearnsfinance2
JPMorgan Chase is acquiring Bear Stearns in an all-stock transaction valued at approximately $236 million. The acquisition enhances JPMorgan Chase's investment banking and capital markets businesses. It provides significant prime brokerage, clearing, and other services. While there are risks, JPMorgan Chase expects the acquisition to be earnings accretive once fully integrated and generate approximately $1 billion in annual cost synergies. The acquisition requires shareholder and regulatory approval.
1) GE expects earnings of around $18 billion in 2008, below its previous forecast, but above the S&P 500's performance.
2) For 2009, GE projects Industrial segment growth of 0-5%, Financial Services earnings of around $5 billion, and flat performance for Corporate/C&I.
3) GE will maintain its $1.24 per share dividend for 2009 and expects long-term earnings growth to return to 10% after the recession ends.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides concise summaries of its business in investor presentations. This 3-sentence summary covers the key points:
Ladder has a diversified portfolio of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in highly-rated CMBS; it maintains a conservative leverage ratio of 3.1x and focuses on unsecured debt and non-recourse financing; and the company is led by an experienced management team that has been with Ladder since inception.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides a presentation on its business. It has a diversified portfolio consisting of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in investment grade CRE securities. It has a conservative leverage ratio of 3.1x adjusted debt to equity and focuses on using unsecured debt and non-recourse financing. The company is led by an experienced management team that has been with the company since inception.
Banco Pine - Institutional Presentation 3Q12Banco Pine
PINE is a specialized wholesale bank that provides financial solutions to corporate clients. It has four primary business lines: corporate credit, foreign exchange and commodities trading (FICC), investment banking, and distribution of banking products. Some highlights include maintaining a positive liquidity gap, strong capital ratios, and diversified funding sources. PINE continues to receive recognition from rating agencies through several rating upgrades in recent years due to its solid financial position and recurring revenue streams across business lines.
If you’re like many Americans, you’ve been setting aside money for your retirement. Now that you’re nearing retirement age, it may soon be time to start drawing money from your qualified retirement plans. When it comes to taking distributions, you face a number of important decisions, including which money to use first.
CIT is a bank holding company that provides financial products and advisory services to small and middle market businesses operating in over 50 countries, with over $60 billion in finance and leasing assets. It maintains leadership positions in areas like small business lending, retail finance, aerospace leasing, and vendor finance. The document provides an overview of CIT's financial performance and segments, including corporate finance, trade finance, transportation finance, and vendor finance.
Trends Affecting Today's Investor - Chris McDermottPhilip Taylor
The document discusses trends affecting today's investors including over a decade of difficult market conditions, an aging population with low retirement readiness, underfunded pensions, high consumer debt levels, and pessimistic investor sentiment. It also outlines how financial advisors can help investors by focusing on key questions related to markets and financial planning, providing education through various channels, and positively influencing investor behavior.
This document provides an agenda for the "ILS Asia - An Introduction to Life Settlements and Cat Bonds for Asia-Pacific Investors" conference taking place from October 13-15, 2010 in Hong Kong. The agenda outlines the schedule of presentations and workshops over the 3 days covering topics such as life settlements, catastrophe bonds, medical underwriting of life expectancy, and trends in Asian life expectancy. It lists over 35 industry speakers from areas including life settlements, insurance, asset management, and modeling agencies. The document promotes registering by July 16th to save up to $2,196 on attendance fees.
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría la importación de petróleo ruso a la UE y también impediría el acceso de buques rusos a puertos europeos. Sin embargo, Hungría se opone firmemente al embargo al petróleo, argumentando que su economía depende en gran medida de las importaciones de energía rusa.
Lesson 2 introduces the app "BrainPOP" which teaches about blogs. Blogs are short for web logs, where people post updates about their interests and activities. The lesson discusses what kinds of things people post on blogs and gives an example of a cook posting recipes. Students are asked to discuss different types of blogs and the importance of being careful about what is posted. They are also encouraged to come up with their own blog ideas.
Danny Alkassmi "Advance Sales Strategies for Today's Dealership"Sean Bradley
This document discusses strategies for improving a car dealership's advance sales process. It notes that current processes often break down due to a lack of clear direction, shortcuts, weak resources, and inconsistencies. The goal is to master a consistent selling method that enhances the dealership's image, promotes its products effectively, measures customer commitment, and satisfies customers, managers and salespeople. It outlines developing commitment, making counteroffers, creating movement, and focusing on the "big 3" of estimated monthly installment, sales tax savings, and potential equity investment.
Edmodo is a free education platform that allows teachers to create classes, distribute assignments, send announcements, and communicate with students. Teachers can post assignments, files, links, questions, and polls to engage students in online discussions or collaborations. Students can access course content and materials, submit assignments digitally, communicate with teachers and peers, and receive grades and feedback on their work.
The document discusses classroom layout. Effective classroom design can impact student engagement and learning by facilitating interaction and collaboration. Proper furniture arrangement allowing for both individual and group work can optimize the classroom environment.
Nobre Norte Clube Residencial, RJZ Cyrella, Apartamentos ao lado do Norte Sho...Suely Maia
Ao lado da Nova Expansão do Norte Shopping
Condomínio residencial fechado composto por 3 edifícios ( ed. Duque, Ed, Barão e Ed. Conde), com 470 apartamentos de 2 e 3 quartos com suíte, vaga de garagem e uma área de lazer para todas as idades. As unidades tipo de 2 quartos medem 55,03m² até 59,35m², as unidades tipo de 3 quartos medem 65m² e 66m² e as unidades Garden de 2 quartos 90,22m² e 93,80m². A unidades Garden de 3 quartos medem 75,53m², 89,78m² e 105,43m².
Com um hall social belíssimo com um pé direito duplo dando todo requinte para o Nobre Norte Clube Residencial.
O Ed. Duque contém 10 unidades por pavimentos e nos Ed. Barão e Conde 12 unidades por pavimentos. Cada edifício com 14 pavimentos, sendo que o 1º pavimento fica localizado no mesmo nível do PUC.
Temos 472 vagas de garagens sendo que 324 cobertas e 148 descobertas.
A área de lazer completa para todas as idades.
Área do Terreno: 9.217,38 m²
Vendas e Informações: (21) 2556-5838
Autotask's IT business management solution automates 10 essential business processes for IT service providers:
1) Centralizing all customer and operational data in a single platform for improved efficiency, quality, and insight.
2) Managing customer information through an integrated CRM module to improve sales opportunities and reporting.
3) Capturing alerts and service requests automatically and converting them into tickets for tracking and resolution.
4) Implementing automated workflow, escalation, and service level agreements to ensure commitments are met.
We Zhengzhou Dearye specialized in supplying turnkey projects of production lines for manufacturing AAC blocks and autoclaved fly ash/sand-lime bricks for more than 15 years in China.Due to the complicated nature of low activity and difficult in moulding of fly ash,as for our brick project,we specially designed DY&DYS series large-tonnage full automatic hydraulic brick presses for forming and adopt high temperature and pressure autoclave steam curing method for the brick bodies hardening,thus it could ensure our production line applicable for good quality brick production by high utilization(60-65%) of fly ash.
As for the raw materials for our autoclaved fly ash brick production line,they are mainly fly ash,sand(slag,stone wastes),lime,moderate gypsum and a certain ratio of water,if we adopts fly ash+carbide slag+stone wastes for brick making,the utilization rate of wastes could reach 100%.Welcome your factory visit and sincere inquiry.Contact Email:brickmachine999@yahoo.com
Los niños definieron el amor de diferentes formas basadas en sus propias experiencias, como cuando alguien se preocupa por los sentimientos de otra persona a pesar de estar enojado, ayudar a un familiar enfermo a pesar de tener la misma enfermedad, compartir comida con alguien sin esperar nada a cambio, y permanecer apoyando a alguien incluso después de conocer sus defectos.
Cassie Lukas completed her senior project which involved recording a demo of two songs - a country song and a Broadway song. She worked with her project facilitator Charles Baugh, a music teacher, for vocal coaching over a year and a half. Cassie recorded her demo at a recording studio owned by Linda Uzlac. For her research paper, Cassie examined how illegal music downloads affect artists. Although pursuing a music career will be difficult, music will always be an important part of Cassie's life due to her grandfather's inspiration. Cassie will attend college to become a nurse.
This document contains samples of art lesson plans for different grade levels ranging from kindergarten to 5th grade. It includes brief descriptions of projects focused on different art mediums like printmaking, drawing, painting, sculpture and clay. Example lessons cover topics like dreamcatchers, clay mosaics, modes of transportation, coil pots, and more. The document also lists art exhibits and family arts night events the educator has participated in.
The document summarizes the forces involved in the Fall of Constantinople in 1453, when the Ottoman Empire conquered the city. It lists that the Ottoman commander was Mehmed II with 50,000-80,000 infantry and 130 ships. The Byzantine defenders were led by Constantine IX, Giovanni Giustiniani, and Loukas Notaras, with only around 8,000 infantry and 26 ships. The document also maps out the key locations and events of the Ottoman siege and eventual breach of the city's defenses, including how the Turkish fleet entered the Golden Horn and the Emperor's death at St. Romanus Gate.
Little league: Professional Development PresentationCory Massei
Simi Valley Little League started their Challenger Division in the late 1990s to provide an opportunity for children with disabilities to play baseball. The Challenger Division serves players ages 4 to 20 from across Simi Valley and allows those who cannot play competitively elsewhere to participate and improve at their own pace in a relaxed environment. The division would not exist without support from the Amanda McPherson Foundation, which was started in memory of a girl with disabilities and aims to improve lives of children with special needs through initiatives like Amanda's Corners in local schools.
This document advertises an auto loan company that works with all credit types and promises quick loan approval within minutes. It encourages customers to visit any of their offices to get assistance obtaining an auto loan and says they are the best source for auto loans.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
The document outlines the agenda for CNO Financial Group's 2014 Investor Day, including presentations on strategy opportunities in the middle market, investments in business growth and infrastructure, managing investments to generate risk-adjusted yield, and managing the long-term care business. It provides background on several CNO executives who will present, discusses CNO's focus on the middle-income market and track record of execution, and outlines capital allocation priorities going forward to grow the business and deliver value to shareholders.
The document outlines the agenda for CNO Financial Group's 2014 Investor Day, including presentations on strategy opportunities in the middle market, investments in business growth and infrastructure, managing investments to generate risk-adjusted yield, and managing the long-term care business. It provides background on several CNO executives who will present, discusses CNO's focus on the middle-income market and track record of execution, and outlines capital allocation priorities going forward to grow the business and deliver value to shareholders.
BNY Mellon is a global investment company established in 1784. It provides investment management, investment services, and wealth management. In 2019, BNY Mellon reported revenues of $16.5 billion, net income of $4.4 billion, and assets under management of $1.9 trillion. It operates in over 35 countries and has over 51,000 employees. BNY Mellon faces competition from other large financial institutions but maintains a leading position in custody banking and asset servicing.
This document summarizes the business wealth management process for one quarter. It focuses on cash flow planning this quarter and estate and legacy planning for the next quarter. Cash flow planning can address future needs like retirement contributions and business obligations. Though planning requires initial time, future adjustments can be easily made. The next quarter will focus on estate and legacy planning.
An Understanding Of Financial Communications And Investor RelationsMSL
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The document discusses CNO Financial Group's presentation at the 2013 Citi US Financial Services Conference. It notes that the presentation contains forward-looking statements and non-GAAP financial measures, and provides an overview of CNO Financial Group's fundamentals, strengths, growth strategies, and financial trends. Specifically, it highlights CNO's focus on the middle-income market, track record of execution, investments in productivity and growth, expanding business lines, and stable and growing segment earnings.
Jp morgan -_032113_presentation_-_finalCNOServices
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This document provides details on CNO Financial Group's second quarter 2018 earnings results and a long-term care reinsurance transaction. Some key points:
- CNO entered an agreement to cede approximately $2.7 billion of long-term care reserves to Wilton Re, reducing risk. An $825 million ceding commission was paid.
- The transaction reduces CNO's exposure to risks under stress scenarios and improves various financial metrics like RBC ratios and debt-to-capital.
- For Q2 2018, CNO reported operating EPS growth of 9% and book value per share growth. Various business metrics like annuity account values and fee revenue increased.
- Going forward, CNO
This document provides an overview of CNO Financial Group's financial and operating results for the first quarter of 2018 compared to the first quarter of 2017. Some key highlights include:
- Net operating income per share increased 29% to $0.44. Excluding significant items, net operating EPS increased 6% to $0.43.
- Book value per share, excluding AOCI, increased 2% sequentially to $21.94.
- Health margins were in line with expectations, with the supplemental health benefit ratio at 54.4% and the long-term care benefit ratio at 72.6%.
- Total collected premiums decreased 1.3% while annuity account values increased 3.8%.
-
This document provides a summary of CNO Financial Group's financial and operating results for the fourth quarter of 2017. Some key points:
- Net operating income per share was $0.51 for Q4 2017, up from $0.49 in Q4 2016. Excluding significant items, net operating income was $0.47 per share, a 34% increase.
- Bankers Life collected premiums decreased 2% for Q4 2017 compared to a year ago, while annuity account values increased 5%.
- Washington National collected premiums increased 2% for Q4 2017, with supplemental health premiums up 4%.
- The company recognized a $172 million GAAP charge in Q4 2017 related
This document provides an overview of CNO Financial Group's financial and operating results for the third quarter of 2017 compared to the third quarter of 2016. Some key highlights include:
- Operating EPS increased 22% year-over-year. Book value per share increased 11%.
- Sales results were mixed with declines in some new business metrics but growth in annuity account values and fee revenue.
- Segment results were positive overall with higher margins in many insurance products.
- Investment income remained strong with higher than expected call/prepayment income.
- Capital levels remained high with estimated RBC of 450% and leverage of 21%.
This document summarizes CNO Financial Group's financial and operating results for the second quarter of 2017. Some key highlights include:
- Total collected premiums were up 7% compared to the prior year period. First-year collected premiums were up 16%.
- Net operating income per share increased 29% to $0.45 compared to the second quarter of 2016. Excluding significant items, net operating income per share was up 24% to $0.42.
- Segment results were positive across most insurance product lines, with favorable margins in long-term care, supplemental health, and Medicare supplement.
- Investment income increased due to higher call and prepayment income from bonds in the portfolio.
2017 investor day presentation final no_animationCNOServices
The document outlines the agenda for CNO Financial Group's 2017 Investor Day, which was held on June 5, 2017. The agenda included presentations on CNO's positioning in the middle-income market, managing its long-term care business, investments and finance, and a compelling case for investing in CNO. The document provides an overview of the speakers and timing for each presentation. It also includes forward-looking statements, information on non-GAAP measures, and introductions by the Director of Investor Relations and CEO.
- The document provides financial and operating results for CNO Financial Group for the first quarter of 2017 compared to the first quarter of 2016.
- Key metrics like total collected premiums and operating EPS increased year-over-year, demonstrating the strength of CNO's business model.
- Segment results were mixed, with Bankers Life and Colonial Penn showing favorable underwriting margins, while Washington National's supplemental health margins declined.
- Overall, CNO reported improved financial results for the first quarter compared to the same period last year.
CNO Financial Group reported financial and operating results for the fourth quarter of 2016 ending December 31, 2016. Key highlights included net income per diluted share of $1.34, net operating income per diluted share of $0.49, and net operating income excluding significant items of $0.35 per diluted share. Segment results were mixed, with Bankers Life and Washington National showing higher expenses partially offset by favorable health margins. The investment portfolio continued to perform well. Capital levels remained strong with book value per share up 10% from 2015.
- CNO Financial Group reported financial and operating results for 3Q16 with comparisons to 3Q15.
- Key highlights included continued franchise growth with collected premiums up 2% and policies in-force up 1%. Operating EPS excluding significant items was up 6% from $0.33 to $0.35.
- The company recaptured its closed block long-term care business, recording a $53 million after-tax charge as expected. Administrative functions have transitioned smoothly with no disruption to policyholders.
- CNO Financial Group reported second quarter 2016 operating earnings per share of $0.35, flat compared to the prior year quarter. Operating earnings excluding significant items were also $0.34, flat with 2Q15.
- Key metrics included continued growth in collected premiums and policies in force across most business lines. However, Washington National experienced lower sales and higher claims that impacted results.
- Segment results were largely in-line with expectations except for Washington National which struggled with persistency and an elevated benefit ratio in the quarter.
1. CNO Financial Group reported operating earnings per share of $0.27 for 1Q16, down from $0.30 in 1Q15, with unfavorable alternative investment returns impacting results.
2. Key metrics like new annualized premiums, collected premiums, and policies in force grew compared to prior year. The company also repurchased $90 million in stock and paid $89 million in dividends to the holding company during the quarter.
3. Health margins for Medicare supplement and supplemental health businesses were in line with expectations, while long-term care interest-adjusted benefit ratio declined from prior year due to policy lapses following rate increases.
- The document provides financial and operating results for CNO Financial Group for the quarter ended December 31, 2015. Key highlights included continued franchise growth, solid financial results including double digit operating EPS growth, and returning $67 million to shareholders through repurchases. CNO also completed its year-end assumption review which resulted in aggregate GAAP margins increasing to $3.8 billion.
- CNO Financial Group reported financial and operating results for Q3 2015 with comparisons to Q3 2014. Key highlights included continued growth in new annualized premiums and third party product sales, as well as increased collected premiums and annuity account values. Operating EPS excluding significant items increased 3% to $0.33 per share. Capital levels remained strong with a risk-based capital ratio of 440% and leverage ratio of 20.2%.
- CNO Financial Group reported financial and operating results for the second quarter of 2015 ending June 30, 2015.
- Key highlights included operating earnings per share excluding significant items increasing 6% compared to the prior year, strong capital measures including an estimated RBC ratio of 443% and holding company leverage of 19.7%, and returning $115 million to shareholders through share buybacks and dividends.
- Segment results were positive, with Bankers Life impacted by a long-term care future loss reserve offset by strength in other blocks, and Washington National impacted by supplemental health claims experience.
- CNO Financial Group reported financial and operating results for 1Q15, with comparisons made to 1Q14.
- Operating EPS excluding significant items increased 11% to $0.31 per share compared to $0.28 in 1Q14, driven by strength in annuity spreads at Bankers Life and lower average diluted shares outstanding.
- Sales growth was mixed across business segments, with Colonial Penn sales up 26% due to improved marketing effectiveness and sales productivity.
This document provides an overview of CNO Financial Group's corporate governance and business initiatives. It discusses CNO's focus on the middle-income market in the US, which represents 53% of the population. Half of near-retirees receive no professional retirement guidance and many lack confidence in their ability to address critical illnesses. CNO takes a proactive approach to understanding customers and succeeding in the middle market through strategic alignment of distribution, products/advice, and operations/administration. The document outlines CNO's track record of execution including management actions, stock price outperformance, capital returned to shareholders, and proactive shareholder engagement. It discusses CNO's governance including board structure, executive compensation aligned with shareholders, and
- The document provides financial and operating results for CNO Financial Group for the 4th quarter of 2014, including earnings highlights and sales results.
- Key highlights included continued growth in the franchise, strong capital ratios, and $376.5 million spent on share repurchases for the full year.
- Sales growth outlook for 2015 is estimated at 3-6% overall, with individual segment expectations ranging from 3-8% growth.
CNO Financial Group reported financial and operating results for the third quarter of 2014. Key highlights included growth in business and operating earnings per share despite weakness in sales at Bankers Life. Capital ratios remained strong and the company continued returning capital to shareholders through stock repurchases and dividends. However, supplemental health benefit ratios increased which impacted results at Washington National. Overall, the company demonstrated compelling per share growth and remains focused on execution.
This document provides an overview of CNO Financial Group's financial and operating results for the third quarter of 2014. It highlights growth in operating EPS compared to the prior year period. It notes sales results for Bankers Life, Washington National and Colonial Penn segments. Bankers Life sales were down slightly due to weakness in agent recruiting, while the other segments experienced sales growth. The document also summarizes capital levels, liquidity, earnings results and health margins for the quarter.
- CNO Financial Group reported financial and operating results for the second quarter of 2014, ending June 30, 2014.
- Key highlights included growth in business metrics like net collected premiums and annuity account values, continued strength in capital ratios, and ongoing return of capital to shareholders through stock repurchases.
- They also closed the sale of Conseco Life Insurance Company on July 1st, which led to an additional credit rating upgrade from S&P.
2. Agenda
Time Topic Speaker
12:15 Introductions Erik Helding – SVP Investor Relations & Treasury
12:20 CNO Strategy Ed Bonach – CEO
12:50 Segment Growth Strategy Scott Perry – CBO
1:05 Target Market & Distribution Scott Perry – CBO & President, Bankers Life
Mike Buckley – SVP Sales, Bankers Life
Steve Stecher – President, Washington National
Gerardo Monroy – President, Colonial Penn
y ,
1:50 Break
2:00 Investments Eric Johnson – CIO, President, 40|86
2:30 Financial Overview Fred Crawford – CFO
3:00 Q&A
3:25 Concluding Remarks Ed Bonach - CEO
CNO Financial Group | Investor Day | December 13, 2012 2
4. Forward-Looking Statements
Certain statements made in this presentation should be considered
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. These include statements about future results of
operations and capital plans. We caution investors that these forward-
looking statements are not guarantees of future performance, and actual
results may differ materially. Investors should consider the important
risks and uncertainties that may cause actual results to differ, including
those included in our Quarterly Reports on Form 10-Q, our 2011 Annual
Report on Form 10-K and other filings we make with the Securities and
Exchange C
E h Commission. W assume no obligation t update thi
i i We bli ti to d t this
presentation, which speaks as of today’s date.
CNO Financial Group | Investor Day | December 13, 2012 4
5. Non-GAAP Measures
This presentation contains financial measures that differ from the comparable measures
under Generally Accepted Accounting Principles (GAAP). Reconciliations between those
non-GAAP measures and th comparable GAAP measures are i l d d i th A
GAAP d the bl included in the Appendix.
di
While management believes these measures are useful to enhance understanding and
comparability of our financial results, these non-GAAP measures should not be
considered substitutes for the most directly comparable GAAP measures.
id d b tit t f th t di tl bl
Additional information concerning non-GAAP measures is included in our periodic filings
with the Securities and Exchange Commission that are available in the “Investors – SEC
Filings” section of CNO’s website, www.CNOinc.com.
Fili ” ti f CNO’ b it CNOi
CNO Financial Group | Investor Day | December 13, 2012 5
6. CNO Strategy
gy
Ed Bonach - CEO
CNO Financial Group | Investor Day | December 13, 2012 6
7. Ed Bonach – Chief Executive Officer
Ed Bonach (58) was appointed chief executive officer and a director of
CNO Financial Group effective October 1, 2011.
Ed formerly served as executive vice president and chief financial officer
of CNO from May 2007 through September 2011. His areas of
responsibility included actuarial, accounting, controlling, risk management,
treasury, tax, facilities and investor relations. This role included partnering
with the CEO in strategically leading the organization.
Bonach joined CNO from National Life Group, where he served as
executive vice president and chief financial officer. Before joining National
Life in 2002, he was with Allianz Life for 23 years, where his positions
included President - Reinsurance Division and chief financial officer.
Bonach holds a bachelor of arts degree (cum laude) in mathematics from
St. Johns University in Collegeville, Minnesota. He is a fellow of the
Society of Actuaries (FSA), a member of the American Academy of
Actuaries (MAAA), and a Chartered Enterprise Risk Analyst (CERA).
Other outside involvement includes Board Member and Immediate Past
Chair, Medical Information Bureau (MIB), Board Member, Indianapolis
Chamber of Commerce, Board Member, Indiana Sports Corporation
(ISC), and Board Member, Boy Scouts of America-Crossroads of America
Council.
CNO Financial Group | Investor Day | December 13, 2012 7
8. Track Record of Execution
86%
Return Value
To Shareholders Stock Performance
Since YE2009*
Invest in Growth
26%
15%
Financial Foundation
CNO Peers S&P Insurance
*As of market close on 12/07/12
As
Reset Business Mix
Peers - AFL, AIZ, AMP, GNW, HIG, LNC, MET, PFG, PL, PNX, PRI, PRU, SFG, SYA, TMK, UNM
CNO Financial Group | Investor Day | December 13, 2012 8
9. What Differentiates CNO?
Focus on serving the needs of our middle-income
target market
g
Exclusive distribution
‒ Consistent with market focus
‒ We have “pricing” influence
‒ Track record of stable customer base
Alignment
Distribution Products Service Culture
CNO Financial Group | Investor Day | December 13, 2012 9
10. CNO’s Target Market
We enrich lives by providing financial security to middle-income
American working families and retirees.
200
s
Millions
Population Growth in
180
Our Market
160
140
120
The Opportunity
100 Fast Growing
80 Underserved
Unprepared for Retirement
60
0
40
20
0
2010 2020 2030 2040 2050
Age 45 - 54 Age 55 - 64 Age 65+
Source: Census Data and Center for a Secure Retirement
CNO Financial Group | Investor Day | December 13, 2012 10
11. Strategic Investment – Driving ROE
Investing in our business segments
Agent Growth and Development Distribution Growth New Markets
Office Locations Worksite Platform Expanded Products
Investing in the Customer Experience and operational
g p p
efficiency
‒ Hired Bruce Baude to head IT & Operations
CNO Financial Group | Investor Day | December 13, 2012 11
12. Focused On Customer Service and Operational
Effectiveness
Where We Have Opportunity...
Sourcing Rationalization
Fundamentals of Great Service I a
F d t l f G t S i In
Business Like Ours
Additional Platform
Consolidation/Optimization
Consistency
“I know what to expect and my expectations are met”
Leveraging Customer Data
Accuracy
“Things get done right the first time”
Process Efficiency
Simplicity
“Interacting is easy and efficient”
Advancing a Service
Empathy Culture
“They get what it’s like to be in my shoes”
Service Quality
Measurement
CNO Financial Group | Investor Day | December 13, 2012 12
13. CNO: Value Proposition
Uniquely Reinvesting in
Positioned Business
Business Growth
Model
Opportunities
O t iti
Capital Management
Generating
Stabilized Significant
Run-Off Engineering
Earnings & Excess
Operational Efficiencies
Capital Rapidly GGrowing Target Capital
C it l
Market
Distribution Expansion
Management team focused on
advancing returns
g
CNO Financial Group | Investor Day | December 13, 2012 13
14. Next Steps – Continue to Drive Shareholder Value
2015 Milestones
Capitalize on Opportunities
Invest $80-$85mm in strategic business initiatives
Accelerate run-on and run-off
run on run off
Enhance customer experience and operational
efficiency
ROE run-rate of 9%
Drive to investment grade
Target dividend payout ratio of 20%
CNO Financial Group | Investor Day | December 13, 2012 14
16. Segment Growth Strategy
Scott Perry - CBO
CNO Financial Group | Investor Day | December 13, 2012 16
17. Scott Perry – Chief Business Officer
Scott Perry (50) is chief business officer of CNO Financial Group, Inc. and continues
to hold the title of president for Bankers Life and Casualty Company.
Perry joined Bankers as a field vice president and has held the titles of senior vice
p
president of distribution and chief operating officer.
p g
During his tenure, Perry has helped to transform Bankers into a performance-driven,
values-based organization with high accountability at all levels. He developed a
distinctive business model focused on serving America’s middle market pre-and
post-retirees through a unique career distribution system. Under Perry’s leadership,
Bankers has developed best in class practices in lead generation, performance
best-in-class generation
management, agent recruitment, training, and field leadership development. Perry
spearheaded a seven-year strategy that involved aggressive expansion into new
locations, doubling the size of the agent force and producing consistent sales and
earnings growth.
As president of Bankers, Perry has delivered improved bottom-line financial results
while establishing consistent top line growth. Through pricing discipline, expense
rigor and operational efficiencies, the company has achieved financial improvements
in both in force blocks of business and in the margins of new business. These
achievements have resulted in a strengthened balanced sheet and steady
improvements in return on allocated capital
capital.
Before joining Bankers, Perry spent 17 years in sales, marketing and management
roles at Presideo, Premera Blue Cross, Anthem Blue Cross Blue Shield and Golden
Rule. He is on the Board of Trustees of the American College and is a Board
Member of the Greater Illinois Chapter of the Alzheimer’s Association, the Illinois Life
Insurance Council and LL Global, Inc., the parent organization of LIMRA and LOMA
I C il d Gl b l I th t i ti f d LOMA.
He holds a bachelor of arts degree in political science from Ripon College.
CNO Financial Group | Investor Day | December 13, 2012 17
18. CNO: Distribution Strategy to Reach Middle Market
CNO Financial Group | Investor Day | December 13, 2012 18
19. Bankers Life Growth Levers
Career Agents
Agent Retention/
g
Productivity
Agent
Recruiting
Manager Trainee
Program
Satellite Expansion
Medicare
Cross-Sales Supplement
Prospecting Life Insurance
Brand Building Medium-Term
Care
Affinity Medicare
Marketing Partnerships
CNO Financial Group | Investor Day | December 13, 2012 19
20. Washington National Growth Levers
PMA and WN Independent Partners
Workplace
Solutions
Worksite Agencies
WNezBillSM
Expand Sales Management
& St t E
State Expansion
i WNezApp2.0SM
Increase Active Care
Recruiting Capacity
Enhance
Claims Processing
Award-winning Website
Washington National Institute
for Health and Wellness
CNO Financial Group | Investor Day | December 13, 2012 20
21. Colonial Penn Growth Levers
Direct to Consumer
Lead Mix
(higher % non-TV)
Sales Productivity
Additional Sales / Cross-Sell
(CRM & Others)
Hispanic Market New Term Life
Product
Younger New Whole
Life Product
Web
Expansion
CNO Financial Group | Investor Day | December 13, 2012 21
22. LTC Strategy
Keys for Success
Conservative and affordable product design
Ability to underwrite
Pricing, re-pricing and ALM discipline
Active risk management and stable reinsurance partnerships
Business model affords ability to strike this balance with exclusive distribution
and focus on middle-income retirees
Short term care coverage serves an important need; our market can afford it,
and the benefit structure has a lower risk profile
Target IRR of 14% with annual review of pricing models and assumptions
New product re-pricing and updates in 2013; underwriting modifications to
existing p
g products
CNO Financial Group | Investor Day | December 13, 2012 22
23. Healthcare Reform - CNO Well Positioned
Healthcare Reform CNO Impact
Does not apply to Med Supp, LTC, Specified
“Excepted Benefits” Disease, Critical Illness are
not directly impacted
Attempts to reduce fraud May see favorable Medigap
and waste and promote claims experience in time
wellness in Medicare
Reduces funding and
raises minimum loss ratios Active seller of Med Supp
for Medicare Advantage and Medicare Advantage
Gaps, complexity and
Opportunity for supplemental uncertainty require
products to fill gaps face-to-face advice
CNO Financial Group | Investor Day | December 13, 2012 23
24. Target Market & Distribution
Scott P
S tt Perry – CBO President, B k
CBO, P id t Bankers Lif Life
Mike Buckley – SVP Sales, Bankers Life
Steve Stecher – President Washington National
President,
Gerardo Monroy – President, Colonial Penn
CNO Financial Group | Investor Day | December 13, 2012 24
25. Three distinct franchises with unique
value propositions and di ib i models
l ii d distribution d l
• Focuses on middle-income • Focuses on middle-income • Focuses on lower to middle-
Boomers and retirees working Americans income urban/metro retirees
• Offers Medicare Supplement, life, • Offers supplemental health and • Offers simple, low-cost life
annuity, LTC, Medicare Part D and protection products insurance products
Medicare Advantage products
• Distributes through independent • Employs direct response model
• E l
Employs “kit h t bl ” sales
“kitchen-table” l agents and owned di t ib ti
t d d distribution with DRTV and mail-based l d
ith d il b d lead
model generation
• Over 2,000 PMA and independent
• Over 5,600 career agents and agents • ~300 telesales (Philadelphia / at-
sales managers Home / mid-west vendor) reps.
• Serves over 25,000 worksite supporting sales efforts
pp g
• Over 275 locations nationwide groups including small business,
education, government, and
healthcare
Common f
C focus on middle market through controlled di t ib ti
iddl k t th h t ll d distribution
CNO Financial Group | Investor Day | December 13, 2012 25
26. Mike Buckley – SVP Sales, Bankers Life and Casualty
Michael Buckley (61) joined Bankers Life in 2004 as territory vice
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president, responsible for the company's northeast sales territory.
Since 2009, he has served as senior vice president of sales, leading
the company's entire sales organization, comprised of 5 200 career
organization 5,200
sales agents in more than 275 branch and satellite offices nationwide,
and overseeing the Bankers Learning Network, the primary training
resource for field agents and managers.
Buckley's
B kl ' career spans 36 years, 20 of which h
f hi h have b been spent i
t in
senior executive leadership roles. Prior to joining Bankers, Buckley
was executive director of special markets at Kroll Inc. Risk Consulting,
executive vice president and chief marketing officer at AIG/American
General, and senior vice president of northeastern operations for
Prudential Insurance, where h b
P d ti l I h he began hi career as a sales agent i
his l t in
1973.
Buckley holds a B.S. degree in marketing from LaSalle University and
has earned the Chartered Life Underwriter, Chartered Financial
Consultant and Life Underwriting Training C
C f Council Fellow
designations.
CNO Financial Group | Investor Day | December 13, 2012 26
27. Bankers Life – Target Market and Alignment
Target Customer Product
Market Needs Offering
g
Middle Market Personalized Advice at Life, Health and Annuities
Home
• Near and In-Retirement • Retirement Planning • Life Insurance
• Middle Income • Medicare Planning • Fixed Annuities
($25k - $75k)
• Fi l E
Final Expenses • L
Long-Term Care
T C
• Modest Investible Assets
• Legacy Giving • Medicare Supplement/
Advantage
CNO Financial Group | Investor Day | December 13, 2012 27
28. Bankers Life – Distribution Model
• Management Employees
• Career Agents
Managers
• Customer Access Processes Branch and
Manager
Satellite
Development
• Face-to-Face Advice and Counsel Expansion
• Service and Relationship Skills
Bankers Life
Locations Agents
Customer
Source of New Sales
Direct Marketing
Cross Sales
Referrals Successful
New Agents
Prospecting Sales
Other
CNO Financial Group | Investor Day | December 13, 2012 28
29. Bankers Life Key Value Drivers
Selling Locations Agents
300 CAGR: +4% 275 CAGR: +3%
250 223 6,000 5,200
5,000
4,482
200
4,000
150
3,000
3 000
100
2,000
50 1,000
0 -
2007 2008 2009 2010 2011 YTD2012 2007 2008 2009 2010 2011 YTD2012
52 additional locations over five years Higher successful new agent conversion rates
Agent Recruits New Sales from Cross-Sales
CAGR: -1% 40% +15 points
10,000
9,000 31%
8,000
7,579 7,385 30%
7,000
6,000
5,000 20% 16%
4 000
4,000
3,000
10%
2,000
1,000
- 0%
2007 2008 2009 2010 2011 YTD2012 2007 2008 2009 2010 2011 YTD2012
Return to pre-recession recruiting levels Increased volume and share of applications from
cross-sales
CNO Financial Group | Investor Day | December 13, 2012 29
30. Steve Stecher – President, Washington National
Steven M. Stecher (52) joined CNO as executive vice president of operations and
information technology for the Conseco Insurance Group in September 2004. He
became chief operating officer for the company's Carmel-based insurance
companies in February 2005, executive vice president of operations for CNO in
December 2006, and president of Conseco Insurance Group (now Washington
National) in August 2008.
Before joining CNO, he served for two years as senior vice president and chief
information officer for ORIX Financial Services.
From 1997 to 2002 Stecher served in various management positions including
2002, positions,
Chief Information Officer, with ING Americas, the U.S./Canada/Latin America unit of
international financial services/insurance company ING Group. His ING career
culminated with his service as head of shared services, which included responsibility
for human resources, information technology infrastructure, corporate systems,
enterprise p g
p program management, real estate management and p
g , g procurement.
Before ING, Stecher worked with Equitable/AXA, where he held management
positions in marketing, agency operations and brokerage sales management. He
also served as an associate in the insurance group at Perot Systems, program
director of insurance services at IDC, and director of strategic planning and research
in the insurance and healthcare units at EDS.
Stecher earned a B.A. degree in economics and finance from the University of
Texas (Dallas), and a master's degree in management from National University (San
Diego). He completed the Finance for Senior Executives Program at the Harvard
Business School.
School
CNO Financial Group | Investor Day | December 13, 2012 30
31. Washington National – Target Market and Distribution
*Source: Eastbridge Consulting
CNO Financial Group | Investor Day | December 13, 2012 31
32. Washington National Key Value Drivers
• Expanded product availability % = Growth over same quarter prior year
• Collected premium from 560 new
worksite groups YTD 2012 18%
14% 9%
20%
• Added PMA sales leaders to
support sales expansion in nine 14%*
underserved states
• Increased agent recruiting capacity
* Percentage increase over Oct-Nov 2011
Distribution Growth
• New producing WN Independent Partners increased 29% over prior year through October
• PMA producing agent count increased 6% over prior year through October
Back Office Efficiency—Electronic App (WNezApp 2.0) Utilization
• Worksite electronic apps increased from 61% in 3Q 2011 to 88% in 3Q 2012
• Rolling out electronic application to PMA individual business in 2013, targeting
an overall adoption rate of 75+%
CNO Financial Group | Investor Day | December 13, 2012 32
33. Gerardo Monroy – President, Colonial Penn
Gerardo Monroy (45) was named president of CNO’s Colonial Penn business
segment in August 2012, after serving as the vice president of long-term care
for CNO’s Bankers Life business segment since 2008.
Monroy began his career with CNO in 2001 as a vice president in the
corporate marketing group and, in 2002, joined Bankers Life as vice president,
distribution strategy and field support. In 2004, he was named vice president,
career distribution and operations strategy and chief of staff to the company’s
company s
chief operating officer. He became vice president of field administration and
analysis with Bankers in 2006 and was then named vice president of Bankers’
long-term care business in 2008.
Before joining CNO, Monroy worked for international corporations in Mexico
and Italy, including Procter & Gamble, and Carrier Corporation (part of United
Technologies).
He holds an MBA from Harvard University and a bachelor's degree in public
accounting from the Universidad Iberoamericana in Mexico City.
Monroy served as board chairman of the Latino Education Alliance (LEA), a
Chicago-based nonprofit organization from 2008-10.
CNO Financial Group | Investor Day | December 13, 2012 33
34. Colonial Penn – Target Market and Alignment
Target Customer Product
Market Needs Offering
Middle – Low-Mid Market Over the phone personalized Life Insurance
advice
• Seniors • Final Expenses / Funeral Planning p
• Final Expense Insurance
• Average 65 years old • Easy to understand products • Term Life
• Urban / Metro • Basic money management • Whole Life
• Female • Premium collection timing tied to SS • Life Products Pipeline
checks deposits
• Single
• Quick Claims Processing
• Diverse
CNO Financial Group | Investor Day | December 13, 2012 34
35. Colonial Penn
Integrated Marketing and Sales Process
Buyers Additional Sales
Reactivate
R ti t
Reactivate
Campaigns Leads Prospects CPL Sales
Customer
Non-Buyers
Non Buyers Referrals Service
(shared with BLC Agents)
• DRTV / Direct Mail / Web leads New Sales
e Sa es
• CPL Telesales connect with most Prospect Identif. 60%
prospects Prospect Reactiv. 15%
• During call, telesales rep explains
g p p Customer Reactiv. 12%
product features and assesses Service Sales 8%
product fit and affordability
Agent & Test Sales 5%
Prospect Identification: Sales from new leads (mainly TV)
Prospect Reactivation: TV lead non-buyers targeted via direct mail programs
Customer Reactivation: Additional sales to existing customers with less than max coverage
Service Sales: After completing service calls -> Additional sales / referrals
BLC Agent & Test Sales: TV lead non-buyers made available to BLC agents + tests
CNO Financial Group | Investor Day | December 13, 2012 35
36. Colonial Penn Key Value Drivers
Acquisition Cost/NAP Ratios
Leads by Source
1,000,000 961,000
909,356 1.19
1.20 1.10
1.07
0.97
732,981
750,000
0.80
538,561
500,000
0.40
250,000
‐ ‐
2009 2010 2011 2012 F 2009 2010 2011 2012 F
TV Leads DM Leads Web Leads
Phone Contact Rate
Phone Contact Rate
100% Increasing i
I i investment i l d generation
in lead i
75% 78% 78% 77% 78%
Higher phone contact rates = Higher
conversion rates
50%
Acquisition cost / NAP ratios are higher
25% when investing in growth; new markets
and/or new products
0%
2009 2010 2011 2012 F
2012 F
Achieving increased sales and improved
direct marketing efficiencies
CNO Financial Group | Investor Day | December 13, 2012 36
37. Executing on Strategies Projected to Lead to 8-10%
Growth in Sales ($ in millions)
Sales - 7% CAGR* Across All Segments since 2010
$245.4 $245.9 $245.7
$199.8
$184.7 $186.7
*
$83.6
$70.5 $75.4
$60.5
$46.3 $51.4
2010 2011 LTM 3Q2012 2010 2011 LTM 3Q2012 2010 2011 LTM 3Q2012
4% CAGR* 9% CAGR** 14% CAGR
* Excluding Annuities
CNO Financial Group | Investor Day | December 13, 2012 ** Core Products (Supplemental Health and Life) 37
39. Investments
Eric Johnson – CIO & President, 40|86
CNO Financial Group | Investor Day | December 13, 2012 39
40. Eric Johnson – Chief Investment Officer & President, 40|86
Eric R. Johnson
President, 40|86 Advisors, Inc.
Chief Investment Officer, CNO Financial Group, INC
p
Eric Johnson (52) has been the President of 40|86 Advisors
(CNO’s registered investment adviser subsidiary) for 9 years.
He has more than 20 years of financial markets and
investment experience, beginning with a predecessor bank of
experience
J.P. Morgan and Co.
He holds a B.A. in American history from Harvard University,
where he graduated cum laude. He is a board member of
WFYI, INC. and The Julian Center.
CNO Financial Group | Investor Day | December 13, 2012 40
41. Key Takeaways
Disciplined approach to investing and asset-liability management
Emphasis on stable and predictable investment performance meeting
corporate objectives
Current tactical priority: sustaining book yield and investment income
Active risk management
Investments are a key CNO core competency contributing to the stability
of CNO’s operating results
CNO Financial Group | Investor Day | December 13, 2012 41
42. Culture Leads to Quality and Competency
Experience and
track record
Strong CNO
Breadth of investment portfolio
capabilities quality
Active
Strong alignment with Management
business strategies
C lt
Culture
Disciplined approach to Core CNO
investing and asset- competency
liability
li bilit management t
Tested risk controls
CNO Financial Group | Investor Day | December 13, 2012 42
43. Cycle of Low Yields
The Fed is likely to continue
to provide substantial liquidity
The choices in the bond market The ECB and other
are more about relative value instrumentalities have
rather than absolute returns committed to ‘do what it takes’
to support an orderly Euro
Virtuous circle of low yields
incentivizing increased risk taking
which promotes economic growth
Probably a credit compression
trade, or intermediate term
maturities offer the best Returns on cash are likely to
risk/return trade-offs stay near zero
(with tail risk to higher levels)
The main risk to bonds is a It’s a low growth, high
g g
substantial rise in inflation liquidity world
CNO Financial Group | Investor Day | December 13, 2012 43
44. Strategic Insights
Modestly increase risk – “Compression Trade”
Emphasize U.S. domestic sectors
Transition from macro (correlated) to micro market
Call on housing market bottom
Energy as a beneficiary of global demand
CNO Financial Group | Investor Day | December 13, 2012 44
45. Our Outlook
6%
10 Y U S T
Yr. U.S. Treasury
Risky credit has outperformed as Fed policy 4%
has diminished returns on risk-free assets and
pushed investors out on the risk curve
2%
An environment of modest growth with
household and business deleveraging is not 0%
inhospitable to the credit markets 2007 2008 2009 2010 2011 2012
Increasing depth of empirical evidence that the (bps)
Corporate A Credit Spread
housing market has bottomed and is 800
recovering 600
Corporate credit quality is increasingly affected 400
by slow revenue growth, shareholder pressure
for di t ib ti
f distributions, uncertain U S fi
t i U.S. fiscal policy
l li 200
Liquidity likely to remain abundant amidst 0
2007 2008 2009 2010 2011 2012
global central bank stimulus – defaults to Source: Barclays
remain constrained 8%
Composite Insurance Index
Life Industry Average Yields
While there is a non-trivial level of tail risk, our 7%
base case is low for longer 6%
Most structured credit markets face ongoing 5%
supply/demand imbalance
y 4%
3%
2002 2004 2006 2008 2010 2012
Source: SNL
CNO Financial Group | Investor Day | December 13, 2012 45
46. Our Asset Allocation
($ millions)
( )
$24 8bn of Invested Assets*
$24.8bn
CLO
Highly diversified Govt/Agency
1.4%
CMO Cash &
3.7% Ot e
Other
90% investment grade 4.8%
ABS
3.4%
< 0.72% equity
Municipals
Integrated with Asset-Liability
Asset Liability 7.3%
7 3%
Management discipline (i.e. CMBS
duration, convexity, key rate 5.8% IG
Corporates
duration) HY 54.4%
Corporates
p
4.6%
Recent Allocation Changes Mortgage
Loans
$1,800 6.4%
Non-Agency
$ ,
$1,240
RMBS
8.2%
$440
$328
$134 * Book value as of 9/30/12
$11
CLO BIG RMBS Munis
2008 2012
CNO Financial Group | Investor Day | December 13, 2012 46
47. Investment Ratings Profile
CCC and
Lower
Allocation to ‘High Risk’ Assets* 3%
B
2% AAA
15.98% BB 10%
13.29%
5%
12.61% 12.20% 11.77% AA
9%
2008 2009 2010 2011 YTD-3Q12
A
BIG** Equity Real Estate BIG Ratio 23%
BBB
48%
90% investment grade
Yields successfully defended while
overall quality sustained
* ‘High Risk’ assets defined as high yield assets, real estate, equity and alternatives
** BIG based on Moody’s
CNO Financial Group | Investor Day | December 13, 2012 47
48. Corporate Securities $
$14.6bn of Invested Assets*
14.8%
Energy/Pipelines
10.5%
Overweights: Utilities 11.8%
7.9%
Energy/Pipelines Insurance
5.7%
9.2%
9 2%
9.0%
Utilities Telecom & Media 10.3%
7.4%
Food/Beverage
Insurance Healthcare &
5.2%
7.1%
7 1%
Pharmaceuticals 7.3%
Food/Beverage Banks & Brokerage
6.9%
24.5%
REITS Other 5.6%
11.1%
5.6%
REITS
Underweights: 2.1%
4.8%
Chemicals & Metals/Mining 4.8%
Banks & Brokerage 4.2%
Transportation/Autos 3.7%
E
Europe Capital Goods 4.1%
3.9%
4.1%
Consumer Products & Paper
1.8%
Textiles & Building Mat'ls 2.8% CNO Allocation
0.3%
2.6% Barclays Corporate Index
Aerospace/Defense Allocation
1.1%
Sources: Barclays Corporate Index, Other includes: Technology, Entertainment and Gaming, Retail, other Industrial, Tobacco, Services and other Finance
CNO Financial Group | Investor Day | December 13, 2012 * Book value as of 9/30/12 48
49. Structured Securities $5.4bn of Invested Assets*
3.0%
76% investment grade Agency
CMO
9.3%
91% NAIC 1 rated
Non- 8.2%
Strong analytical disciplines around Agency
RMBS 4.1%
collateral and cash flow
5.8%
Structured Securities Invested Assets ($mm) CMBS
5.9%
$5 232
$5,232
$4,762
$4,260
3.4%
$3,460 ABS
3.1%
CNO
Allocation
1.4% Peer
CLO Allocation
0.7%
1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 3Q11 1Q12 3Q12
IG BIG Sources: Goldman Sachs Portfolio Management, Peer Allocation based on
Largest 25 Life Insurance Companies
CNO Financial Group | Investor Day | December 13, 2012 * Book value as of 9/30/12 49
50. RMBS $2bn of Invested Assets*
8.2% of invested assets
98% NAIC 1 rated
61% BIG NRSRO ratings; purchased at significant
discount to opportunistically capture yield Alt A
Alt-A
Stable collateral performance trends 22%
Strong analytical process to stress test collateral, Prime
Jumbo
using market consistent assumptions 49%
∆ BIG RMBS Allocation
All ti Subprime
$1,240
29%
$954
$443 $517
$11
2008 2009 2010 2011 2012 * Book value as of 9/30/12
2004 & 2008 &
2005 2006 2007 Total
($ millions) Prior Later
AAA/AA $88 $67 $- $- $60 $215
A 56 69 - - 292 417
BBB 84 69 - 5 - 158
BIG 199 478 334 228 - 1,239
Total $427 $683 $334 $233 $352 $2,029
CNO Financial Group | Investor Day | December 13, 2012 50
51. CMBS $1.4bn of Invested Assets*
Stable, highly rated portfolio Agency
2%
100% investment grade: 87% AAA/AA
AJ
0%
98% NAIC 1 Mezz
14%
Long-term buy and hold strategy based on property
fundamentals Senior
49%
Very strong collateral performance AM
35%
Average delinquency rate of 7% compared to market
average of 10%
Stress tested using market consistent values for cap
rates, collateral performance, etc. * Book value as of 9/30/12
2004 & 2008 &
2005 2006 2007 Total
($ millions) Prior Later
AAA $142 $249 $152 $211 $119 $873
AA 31 27 118 149 60 385
A/BBB 32 7 2 26 115 182
Total $205 $283 $272 $386 $294 $1,440
CNO Financial Group | Investor Day | December 13, 2012 51
52. CLOs Are a Significant Commitment & Opportunity
$0.4bn of Owned Assets* 3 CLOs with $0.8bn AUM
• 40|86 acts as asset manager
AAA on th
three sponsored CLO’s
d CLO’
9%
AA
• Leverages CLO competency
61%
NR
16% • Drives corporate fee income
• CNO investment $79mm
CCC
3% A
B 6%
1%
BB Mill Creek - $273mm
BBB
1%
3%
* Book value as of 9/30/12 Sugar Creek - $280mm
Stable and highly-rated
79% Investment grade; 70% AAA/AA Eagle Creek - $276mm
81% NAIC 1
Strong credit support
CNO Financial Group | Investor Day | December 13, 2012 52
53. Commercial Mortgage Loans $1.6bn of Invested Assets*
Focus on ‘A’ quality properties which are diversified by Other Multi-Family
4% 6%
geography and sector
Mixed Use
3%
q y
No’s: mezzanine or real estate equity investments, construction
or condo loans, pro-forma underwriting
Industrial
Retail
17%
37%
Limited near-term maturities ($135mm in 2013)
63.4% Loan-to-Value
Office
1.49 Average DSCR 33%
0.01% delinquency rate DSCR
* Book value as of 9/30/12
($ millions)
LTV >1.25 1.00x-1.25x <1.00 Total
65%
<65% $602 $40 $- $642
65% - 75% 253 15 - 268
75% - 80% 100 8 - 108
80%
>80% - 170 40 210
Total $955 $233 $40 $1,228 **
** Table excludes $371 million of Credit Tenant Loans
CNO Financial Group | Investor Day | December 13, 2012 53
54. Peripheral Europe*
($ millions)
Total
Book Fair
Value Value
Financials $- $59.8
$59 8 $27.9
$27 9 $87.7
$87 7 $94.9
$94 9
Utilities - 30.1 - 30.1 29.6
Industrials - 61.1 - 61.1 66.0
Telephone 26.1 - 64.6 90.7 82.3
Total $26.1 $151.0 $92.5 $269.6 $272.8
* As of 9/30/12
CNO Financial Group | Investor Day | December 13, 2012 54
55. Declining Impairment Losses*
($ in millions)
$195.4
$162.3
$79.2
$23.1
$8.5
2008 2009 2010 2011 YTD - 3Q12
Corporates Structured Securities Commercial Real Estate Other
*Excludes net investment income losses and impairments related to IGA legacy investments
CNO Financial Group | Investor Day | December 13, 2012 55
56. Dealing with Low Interest Rates
Credit at short end of curve (includes CLOs, Non-Agency RMBS, Esoteric ABS, selected
High Yield)
Quality at long end of curve – take advantage of significant LTC duration (includes US
Corporates, Core EM IG Corporates)
Slowing portfolio turnover – each reduction of 1% in asset turnover is worth approximately
$2 5mm in investment income
$2.5mm
Demonstrated tactical capability to sustain new money rate around 4.75%
Maintain our ALM disciplines New Money Rate Trend
(including duration/convexity and key 5.96%
rate duration guidelines) 5.60%
5.24%
5.55%
5.29% 5.32% 5.25%
4.71%
M d
Modest iincrease i i
in investment
leverage supporting stable structured
credit
M i t i emphasis on credit risk
Maintain h i dit i k
fundamentals 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12
CNO Financial Group | Investor Day | December 13, 2012 56
57. Our HoldCo Investment Strategy
HoldCo
3 CLO structures in
place totaling $829mm
p ace tota g $8 9 Returns on alternative Returns on corporate
AUM investments liquidity
$47mm invested in Cash equivalents,
Investment advisory CLO equity, liquid core and core plus
and success fees equity, private
q y, p strategies, with
equity limited leverage
li it d l
CNO Financial Group | Investor Day | December 13, 2012 57
59. Financial Overview
Fred Crawford – CFO
CNO Financial Group | Investor Day | December 13, 2012 59
60. Fred Crawford – Chief Financial Officer
Frederick J. Crawford
EVP and Chief Financial Officer
Fred Crawford (49) was named executive vice p
( ) president and chief
financial officer for CNO Financial Group, Inc., effective January 23,
2012.
Crawford formerly served as executive vice president and head of
Corporate Development and Investments for Lincoln Financial Group.
p p p
He joined Lincoln Financial Group in 2001 as vice president and
corporate treasurer and went on to serve as senior vice president and
chief financial officer in 2005 and executive vice president and chief
financial officer in 2008.
Prior to joining Lincoln Financial, Crawford was with Bank One
Corporation where his roles included President, Bank One Cincinnati
and Northern Kentucky.
Crawford earned a Bachelor of Arts degree in marketing from Indiana
State University and an MBA from the University of Iowa.
CNO Financial Group | Investor Day | December 13, 2012 60
61. CNO’s Financial Strategy
Grow Earnings & ROE
p p
• Investments in distribution and product expansion
• Diverse margins drive stable growth
• Active in-force management
Optimize Cash Flows
• Balanced mix of protection business with disciplined return hurdles
• Maximize value of significant tax assets
B l
Balanced C it l M
d Capital Management
t
• Balancing cost of capital with ratings improvement
• Excess capital guided by our view of risk
Effectively Deploy Excess Capital
• Capital deployment a significant driver of future EPS and ROE build
• Bias towards opportunistic repurchase with steady dividend build
pp p y
CNO Financial Group | Investor Day | December 13, 2012 61
62. Segment Earnings Trend - Stable & Growing
($ millions)
)
Segment EBIT Excluding Significant Items*
$344.3
$309.4 $322.7 Tailwinds
$106.6
$248.8
$100.4 $92.5
• Favorable health benefit ratios
$73.3
• Annuity persistency & spreads
• Corporate investment results
$250.2 • Free cash flow & capital deployment
$221.0 $212.6
$184.0
Headwinds
$17.8 $28.3 $28.3 $30.0
$4.2
$(34.0)
$(4.7) $(6.5) $(11.8) • Low new money investment rates
$(36.1) $(30.3) $(0.6)
• Natural run-off blocks of business
2010 2011 YTD 3Q2011 YTD 3Q2012
Q Q
CP OCB BLC WN Corporate • Normalizing LTC benefit ratios
Diluted Share Count (mm) • Pace of growth investment
Average 301.9 304.1 306.1 293.0
EOP 306.7 296.6 299.0 250.8
* A non-GAAP measure. See the Appendix for a reconciliation to the corresponding GAAP measure.
CNO Financial Group | Investor Day | December 13, 2012 62