CNO Financial (CNO) Q1 Earnings Miss Estimates, Revenues Up Y/Y (Revised)

CNO Financial Group, Inc. (CNO) reported first-quarter 2024 adjusted earnings per share (EPS) of 52 cents, which missed the Zacks Consensus Estimate by 18.8%. However, the bottom line rose 2% year over year.Total revenues increased 14.9% year over year to $1.2 billion in the first quarter. The top line beat the consensus mark by 23.6%.The first-quarter earnings were affected by unfavorable mark to market impacts on its real-estate alliances, which had a negative effect in its alternative investment portfoli ...