Financial Ratings

CNO's financial strength and stability is rated as investment grade by all four leading ratings agencies-A.M. Best, Moddy's, Fitch and S&P. The primary insurance company subsidiaries of CNO are also rated A- (Excellent) by A.M. Best, the global rating agency for the insurance industry.

Subsidiary Claims-Paying/ Financial Strength	A.M. Best	Standard & Poor's	Fitch	Moody's
Bankers Life and Casualty Company	A- Outlook: Positive	A- Outlook: Stable	A- Outlook: Stable	A3 Outlook: Stable
Washington National Insurance Company	A- Outlook: Positive	A- Outlook: Stable	A- Outlook: Stable	A3 Outlook: Stable
Colonial Penn Life Insurance Company	A- Outlook: Stable	A- Outlook: Stable	A- Outlook: Stable	A3 Outlook: Stable
Bankers Conseco Life Insurance Company	A- Outlook: Positive	A- Outlook: Stable	A- Outlook: Stable	A3 Outlook: Stable

_{Bankers Conseco Life Insurance Company (formerly Conseco Life Insurance Company of New York) is the only company listed above that is licensed in or solicits business in the state of New York.}

_{Ratings are provided for informational purposes only and are solely the opinions of the rating agencies. A rating is an opinion of the rating agency, only, and not a statement of fact or recommendation to purchase, sell or hold any security, policy or contract. The ratings may be changed, superseded or withdrawn by the rating agencies at any time. For more information about a rating or the rating agency, please visit the website of the relevant agency.}