Total new annualized premiums up 7%
Capital and liquidity remain above target levels

CARMEL, Ind., May 1, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported a net loss of $0.8 million, or $0.01 per diluted share, in 1Q23 compared to net income of $183.4 million, or $1.52 per diluted share, in 1Q22.  Non-economic accounting impacts of market volatility often result in significant increases and decreases to our non-operating income and drove the net loss in 1Q23.  Net operating income ⁽¹⁾, which excludes these non-economic accounting impacts, was $58.6 million, or $0.51 per diluted share, in 1Q23 compared to $64.5 million, or $0.54 per diluted share, in 1Q22.