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Conseco Reports Fourth Quarter and Year-End Results
Date:3/31/2008

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Net income (loss) applicable to common stock $ (71.5) $5.7

Per diluted share:

Net operating income before valuation

allowance for deferred tax assets $.11 $.10

Valuation allowance for deferred tax assets (.37) --

Net operating income (loss) (.26) .10

Net realized investment losses, net of

related amortization and taxes (.12) (.06)

Net income (loss) applicable to common stock $(.38) $.04

In our Bankers Life segment, pre-tax operating earnings were $58.3 million in the fourth quarter of 2007, compared to $67.5 million in the fourth quarter of 2006. Results for the fourth quarter of 2007 were adversely affected by an $11 million reduction in earnings from our equity-indexed products primarily due to hedging ineffiencies. This adverse variance was partially offset by higher income from our marketing and quota-share agreements with Coventry in the fourth quarter of 2007 compared to the same period of the prior year.

In our Colonial Penn segment, the pre-tax operating loss was $.2 million in the fourth quarter of 2007, compared to pre-tax earnings of $5.4 million in the fourth quarter of 2006. Results in this segment were negatively impacted by $8.4 million of expenses in the fourth quarter of 2007 related to the introduction of Medicare Advantage products through this distribution channel.

In our Conseco Insurance Group segment, pre-tax operating earnings were $7.7 million in the fourth quarter of 2007, compared to $27.9 million in the fourth quarter of 2006. Significant factors affecting the segment's earnings in these periods included:

-- During the fourth quarter of 2007, we recognized additional

amortization expense of $14.8 million to reflect changes in our

estimates of future mortality rates on our universal life busine
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SOURCE Conseco, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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1. Conseco Files 10-K and Sets Earnings Release Date
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5. Hacker Joins Conseco as Senior Vice President and Treasurer
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