CNO Financial Group, Inc.’s CNO reported third-quarter 2019 adjusted earnings per share of 45 cents, missing the Zacks Consensus Estimate of 47 cents by 4.3%. The bottom line also declined 15.1% year over year, mainly due to lower revenues.In the quarter under review, CNO Financial’s total revenues plunged 36.3% year over year to $944 million, mainly due to lower net investment income and no realized investment gains. However, the same beat the Zacks Consensus Estimate by 6.9%.Quarterly Operational UpdateTotal collected premiums of $949.3 million were up 2.9% from the prior-year quarter’s level, mainly driven by Bankers Life segment.New annualized premiums for life and health products amounted to $84 million, up 2.8% from the year-ago period.First-year collected premiums of $405.3 million rose 16% from the year-earlier quarter, primarily banking on the contribution from Bankers Life segment.CNO Financial Group, Inc. Price, Consensus and EPS Surprise CNO Financial Group, Inc. price-consensus-eps-surprise-chart | CNO Financial Group, Inc. QuoteQuarterly Segment UpdateBankers LifeTotal collected premiums of $692.8 million were up 9% year over year, aided by annuity.New annualized premiums for life and health products were unchanged at $37.3 million.Washington NationalTotal collected premiums of $176.1 million were up 5.1% year over year.New Annualized premiums from life and health products were $27.5 million, up 8.7% from the year-ago quarter’s figure.Colonial PennTotal collected premiums were $77.1 million, up 4.2% year over year.New annualized premiums from life and health products were $19.2 million, up 0.5% from the amount recorded in the comparable quarter last year.Long-Term Care in Run-OffTotal collected premiums were $3.3 million, down 92.7% year over year.The long-term care business was ceded under a 100% indemnity coinsurance agreement in the third quarter of 2018.Financial UpdateUnrestricted cash and investments held by CNO Financial’s holding company were $260 million as of Sep 30, 2019, up 18.2% from 2018 end.Debt-to-capital ratio was 17.8% as of Sep 30, 2019 compared with 21.4% at the end of 2018.Securities Repurchase and Divided UpdateIn the third quarter of 2019, the company returned shares worth $75.3 million and dividend payout of $16.8 million.Zacks Rank and Performance of Other InsurersCNO Financial carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other players from the insurance industry, having reported third-quarter earnings so far, the bottom-line results of The Progressive Corporation PGR, MGIC Investment Corporation MTG and RLI Corp. RLI outpaced the respective Zacks Consensus Estimate. Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CNO Financial Group, Inc. (CNO): Free Stock Analysis Report MGIC Investment Corporation (MTG): Free Stock Analysis Report RLI Corp. (RLI): Free Stock Analysis Report The Progressive Corporation (PGR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research