BUSINESS SEGMENTS (TABLES)

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Operating information by segment was as follows (dollars in millions):

	Three months ended				Six months ended
	June 30,				June 30,
	2012		2011		2012		2011
Revenues:
Bankers Life:
Insurance policy income:
Annuities	$	7.9	$	8.7	$	15.1	$	17.1
Health	341.4		343.3		675.5		683.1
Life	69.7		57.6		134.9		109.4
Net investment income (a)	185.6		196.9		420.5		406.5
Fee revenue and other income (a)	3.3		3.3		6.2		5.6
Total Bankers Life revenues	607.9		609.8		1,252.2		1,221.7
Washington National:
Insurance policy income:
Health	143.2		141.7		285.6		281.9
Life	3.7		3.8		8.0		7.9
Other	.7		1.1		1.4		2.2
Net investment income (a)	51.0		46.7		101.0		93.0
Fee revenue and other income (a)	.3		.2		.5		.5
Total Washington National revenues	198.9		193.5		396.5		385.5
Colonial Penn:
Insurance policy income:
Health	1.3		1.5		2.7		3.1
Life	53.3		49.4		105.3		98.1
Net investment income (a)	10.2		10.5		20.2		20.8
Fee revenue and other income (a)	.2		.2		.4		.4
Total Colonial Penn revenues	65.0		61.6		128.6		122.4
Other CNO Business:
Insurance policy income:
Annuities	3.3		2.9		5.8		5.2
Health	6.4		7.1		13.1		14.4
Life	63.7		61.9		133.3		123.2
Other	.2		.6		.4		1.2
Net investment income (a)	79.8		86.7		172.5		181.4
Total Other CNO Business revenues	153.4		159.2		325.1		325.4
Corporate operations:
Net investment income	7.2		4.5		30.4		17.1
Fee and other income	.7		.5		1.3		1.1
Total corporate revenues	7.9		5.0		31.7		18.2
Total revenues	1,033.1		1,029.1		2,134.1		2,073.2

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	Three months ended						Six months ended
	June 30,						June 30,
	2012			2011			2012			2011
Expenses:
Bankers Life:
Insurance policy benefits	$	396.7		$	408.9		$	817.6		$	813.7
Amortization	50.5			46.9			107.4			115.4
Interest expense on investment borrowings	1.4			1.1			2.8			2.3
Other operating costs and expenses	83.2			80.8			177.8			156.0
Total Bankers Life expenses	531.8			537.7			1,105.6			1,087.4
Washington National:
Insurance policy benefits	113.7			118.3			229.4			230.5
Amortization	10.8			11.4			23.5			24.8
Interest expense on investment borrowings	.8			—			1.5			—
Other operating costs and expenses	39.7			42.0			83.5			84.1
Total Washington National expenses	165.0			171.7			337.9			339.4
Colonial Penn:
Insurance policy benefits	39.6			38.0			81.7			76.7
Amortization	3.9			3.5			7.6			7.5
Other operating costs and expenses	20.9			19.6			48.5			43.4
Total Colonial Penn expenses	64.4			61.1			137.8			127.6
Other CNO Business:
Insurance policy benefits	122.0			119.2			243.9			246.7
Amortization	7.1			9.4			14.6			18.0
Interest expense on investment borrowings	5.0			5.0			10.1			9.9
Other operating costs and expenses	17.4			20.5			56.9			38.3
Total Other CNO Business expenses	151.5			154.1			325.5			312.9
Corporate operations:
Interest expense on corporate debt	16.6			19.3			34.1			39.9
Interest expense on borrowings of variable interest entities	4.7			3.5			8.7			6.0
Interest expense on investment borrowings	.2			—			.3			—
Loss on extinguishment of debt	.5			.6			.7			2.0
Other operating costs and expenses	12.1			12.8			33.6			24.0
Total corporate expenses	34.1			36.2			77.4			71.9
Total expenses	946.8			960.8			1,984.2			1,939.2
Income (loss) before net realized investment losses and fair value changes in embedded derivative liabilities (net of related amortization) and income taxes:
Bankers Life	76.1			72.1			146.6			134.3
Washington National	33.9			21.8			58.6			46.1
Colonial Penn	.6			.5			(9.2		)	(5.2		)
Other CNO Business	1.9			5.1			(.4		)	12.5
Corporate operations	(26.2		)	(31.2		)	(45.7		)	(53.7		)
Income before net realized investment losses and fair value changes in embedded derivative liabilities (net of related amortization) and income taxes	$	86.3		$	68.3		$	149.9		$	134.0

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(a) It is not practicable to provide additional components of revenue by product or services.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

A reconciliation of segment revenues and expenses to consolidated revenues and expenses is as follows (dollars in millions):

	Three months ended						Six months ended
	June 30,						June 30,
	2012			2011			2012			2011
Total segment revenues	$	1,033.1		$	1,029.1		$	2,134.1		$	2,073.2
Net realized investment gains	31.9			2.9			54.8			8.0
Consolidated revenues	$	1,065.0		$	1,032.0		$	2,188.9		$	2,081.2
Total segment expenses	$	946.8		$	960.8		$	1,984.2		$	1,939.2
Insurance policy benefits - fair value changes in embedded derivative liabilities	17.7			—			6.1			—
Amortization related to fair value changes in embedded derivative liabilities	(7.1		)	—			(2.4		)	—
Amortization related to net realized investment gains	3.1			(.6		)	4.2			(.2		)
Consolidated expenses	$	960.5		$	960.2		$	1,992.1		$	1,939.0