As a reminder, effective January 1 st, 2012, we adopted ASU 2010-26, which modified the definition of the types of acquisition costs that can be deferred by insurance companies. We elected to adopt a new guidance on a retrospective basis, and accordingly, all prior periods presented have been retrospectively adjusted. The new guidance impacts the timing of the recognition of profits on our business, but has no impact on cash flows, statutory financial results or the ultimate profitability of the business.Throughout this presentation, we will be making performance comparisons and, unless otherwise specified, any comparisons made will be referring to the changes between Q2 2011 as we stated for the DAC renouncement, and Q2 2012. And now, I’d like to turn the call over to our CEO, Ed Bonach. Ed?
CNO Financial Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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