Total EBIT 19.0 257.9
Corporate interest expense (72.3) (52.9)
Loss on extinguishment of debt -- (.7)
Income (loss) before net realized investment
losses and taxes (53.3) 204.3
Tax expense (benefit) on period income (19.2) 74.2
Income (loss) before net realized investment
losses and valuation allowance for deferred
tax assets (34.1) 130.1
Valuation allowance for deferred tax assets 68.0 --
Net income (loss) before net realized
investment losses (102.1) 130.1
Preferred stock dividends:
5.50% Class B mandatorily convertible
preferred stock (14.1) (38.0)
Net operating income (loss) (116.2) 92.1
Net realized investment losses, net of
related amortization and taxes (77.8) (24.1)
Net income (loss) applicable to
common stock $(194.0) $68.0
Per diluted share:
Net operating income (loss) before
valuation allowance for deferred tax
assets $(.28) $.61
Valuation allowance for deferred tax assets (.39) --
Net operating income (loss) (.67) .61
Net realized investment losses, net of
related amortization and taxes (.45) (.16)
Net income (loss) applicable to common stock $(1.12) $.45
CONSECO, INC. AND SUBSIDIARIES
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