Core Viewpoint - CNO Financial's recent earnings report shows strong performance in Q3 2025, with adjusted EPS beating estimates and revenues exceeding expectations, despite a slight decline in share price over the past month [1][2][16]. Financial Performance - CNO Financial reported Q3 2025 adjusted EPS of 96 cents, surpassing the Zacks Consensus Estimate by 1.1%, and an increase from 92 cents a year ago [2]. - Operating revenues reached $1.2 billion, reflecting a year-over-year growth of 5.3% and exceeding the consensus mark by 26.3% [2]. - Total insurance policy income rose 2.1% year over year to $658.4 million, beating the Zacks Consensus Estimate of $653 million [4]. Premiums and Revenues - Collected premiums from annuity, life, and health products contributed to the revenue growth, with total collected premiums increasing 2.1% year over year to $1.1 billion [6]. - Annuity collected premiums improved 1.6% to $472.5 million, health collected premiums rose 2.4% to $412.6 million, and life product premiums increased 2.5% to $247 million [6]. Expenses and Losses - Total benefits and expenses escalated 3% year over year to $1.2 billion, influenced by higher operating costs [7]. - Net investment losses were reported at $8.8 million, a slight improvement from the previous year's loss of $11.1 million [5]. Financial Position - As of September 30, 2025, CNO Financial had unrestricted cash and cash equivalents of $1.2 billion, down 26.5% from the end of 2024 [8]. - Total assets increased by 1.2% to $38.3 billion, while total shareholders' equity grew 3.8% to $2.6 billion [8]. Shareholder Returns - The company returned $60 million to shareholders through share buybacks and $16.4 million in dividends during Q3 [11]. - CNO Financial has a remaining repurchase capacity of $480.4 million as of September 30, 2025 [11]. Guidance and Estimates - CNO Financial revised its operating EPS guidance for 2025 to a range of $3.75-$3.85, up from the previous range of $3.70-$3.90 [12]. - The company now anticipates excess cash flow of $365-$385 million, an increase from the earlier estimate of $200-$250 million [12]. Industry Context - CNO Financial is part of the Zacks Insurance - Multi line industry, where competitor Prudential reported a revenue decline of 16.6% year over year [17]. - Prudential's EPS for the same period was $4.26, compared to $3.48 a year ago, indicating a different performance trajectory within the industry [17].