At Colonial Penn (direct distribution), total NAP was $17.4 million, up 67% over 1Q07 as we continue to benefit from our investment in marketing.
At Conseco Insurance Group (independent distribution), total NAP was $16.6 million, down 21% from 1Q07 primarily due to our continued focus on producing more profitable business.
The company will host a conference call to discuss results at 8:00 a.m. Eastern Daylight Time on May 8, 2008. The webcast can be accessed through the Investors section of the company's website as follows: http://investor.conseco.com . Listeners should go to the website at least 15 minutes before the event to register and download any necessary audio software. During the call, we will be referring to a presentation that will be available Thursday morning through the investors section of the company's website.
Conseco, Inc.'s insurance companies help protect working American
families and seniors from financial adversity: Medicare supplement,
long-term care, cancer, heart/stroke and accident policies protect people
against major unplanned expenses; annuities and life insurance products
help people plan for their financial futures. For more information, visit
Conseco's web site at http://www.conseco.com.
(1) Measured by new annualized premium, which includes 6% of annuity and
10% of single premium whole life deposits and 100% of all other
premiums, PDP sales equal $310 per enrolled policy, PFFS sales equal
$2,100 per enrolled policy.
(2) Management believes that an analysis of earnings or loss before net
realized investment gains (losses), corporate interest and taxes
("EBIT," a non-GAAP financial measure) provides a clearer comparison
|SOURCE Conseco, Inc.|
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