CNO Financial Group, Inc.’s CNO reported first-quarter 2019 adjusted earnings per share of 41 cents missed the Zacks Consensus Estimate by 12.8%. Also, the bottom line declined 6.8% year over year. The company’s performance was negatively impacted by its Long-term care segment.However, in the quarter under review, CNO Financial’s total revenues increased 1.5% year over year to $1023 million. Moreover, the bottom line surpassed the Zacks Consensus Estimate by 6.8%, mainly owing to total realized gain as well as fee revenues and other income.Quarterly Operational UpdateTotal collected premiums were $945 million, up 1.4% from the prior-year quarter’s level, mainly driven by Bankers Life segment.New annualized premiums for life and health products amounted to $79.8 million, up 2.2% from the year-ago period.First-year collected premiums totaled $391.5 million, up 18% from the year-earlier quarter’s tally, primarily banking on the contribution from Bankers Life segment.CNO Financial Group, Inc. Price, Consensus and EPS Surprise CNO Financial Group, Inc. Price, Consensus and EPS Surprise | CNO Financial Group, Inc. QuoteQuarterly Segment UpdateBankers LifeTotal collected premiums were $683.9 million, up 9% year over year, mainly aided by annuity.New annualized premiums for life and health products decreased 6.2% year over year to $33.5 million.In the third quarter of 2018, the company ceded the Bankers Life legacy long-term care business under a 100% indemnity coinsurance agreement.Washington NationalTotal collected premiums of $176.8 million were up marginally 0.3% year over year.New Annualized premiums from life and health products were $23.9 million, up 0.4% from the year-ago quarter’s figure.Colonial PennTotal collected premiums were $77.2 million, up 2.5% year over year.New annualized premiums were $22.4 million, up 20.4% from the amount recorded in the comparable quarter last year.Long-Term Care in Run-OffTotal collected premiums were $3.6 million, down 92.7% year over year.Deteriorating Financial PositionUnrestricted cash and investments held by CNO Financial’s holding company were $243 million as of Mar 31, 2019, up 3% from the level at 2018 end.Debt-to-capital ratio was 19.3% as of Mar 31, 2019compared with 21.4% at 2018 end.Acquisition UpdateDuring the quarter under review, the company completed the buyout of Web Benefits Design.Securities Repurchase and Divided UpdateDuring the first quarter, the company bought back shares worth $47 million.Dividends paid on common stock totaled $16.4 million in the same period.Zacks Rank and Performance of Other PlayersCNO 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 first-quarter earnings so far, the bottom-line numbers of The Travelers Companies, Inc. TRV, Cincinnati Financial Corporation CINF and The Progressive Corporation PGR surpassed the respective Zacks Consensus Estimate.Is Your Investment Advisor Fumbling Your Financial Future?See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”Click to get it free >>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 The Travelers Companies, Inc. (TRV): Free Stock Analysis Report Cincinnati Financial Corporation (CINF): Free Stock Analysis Report The Progressive Corporation (PGR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research