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CNO Financial Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript

CNO Financial Group, Inc. (CNO)

Q2 2012 Earnings Call

July 26, 2012, 12:00 p.m. ET


Scott Galovic – VP IR

Edward J. Bonach – CEO

Scott R. Perry – CBO, President Bankers Life

Eric R. Johnson – CIO

Frederick J. Crawford –CFO


Ryan Krueger – Dowling & Partners Securities, LLC

Randy Binner – Friedman, Billings, Ramsey

Paul Sarran – Evercore Partners

Chris Giovanni – Goldman Sachs

Erik Bass – JP Morgan Securities, Inc.

Sean Dragan – Macquarie




Good morning. My name is Hatty and I will be your conference operator today. At this time, I would like to welcome everyone to the CNO Financial Group’s Second Quarter 2012 Earnings Results Conference Call. (Operator Instructions)

Mr. Galovic, you may begin your conference.

Scott Galovic

Thank you, Operator, and good afternoon and thank you for joining us on CNO Financial Group’s second quarter 2012 earnings conference call. Today’s presentation will include remarks from Ed Bonach, Chief Executive Officer, Scott Perry, Chief Business Officer and President of Bankers Life, Eric Johnson, our Chief Investment Officer and Fred Crawford, Chief Financial Officer. Following the presentation, we will also have several business leaders available for the question and answer period.

During todays’ conference call, we will be referring to information contained in yesterday’s press release. You can obtain the release by visiting the media section of our website at The presentation is also available in the investor section of the website, and was filed in a form 8-K this morning. We expect to file our second quarter 2012 form 10-Q, and post it on our website, on or before July 30 th.

Let me remind you that any forward-looking statements we make today are subject to a number of factors which may cause actual results to be materially different than those contemplated by the forward-looking statements. Today’s presentation does contain a number of non-GAAP measures, which should not be considered as substitutes for the most directly comparable GAAP measures. You will find a reconciliation of the non-GAAP measures to the corresponding GAAP measures in the appendix to the presentation.

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