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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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3. Conseco Declines Partnerships Request for Board Seats; Review of Strategic Alternatives Underway
4. Conseco Files to Formally Extend Due Date for Annual Report on Form 10-K to March 17 and Reschedules Earnings Release and Investor Call
5. Hacker Joins Conseco as Senior Vice President and Treasurer
6. Tongson Joins Conseco as Senior Vice President, Corporate Actuarial
7. Conseco to Implement Systems and Operational Solution From Long Term Care Group
8. Conseco Reports Third Quarter Results
9. Conseco Sets Earnings Release Date
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11. Barta joins Conseco as Senior Vice President, Financial Planning & Analysis; Barra named Senior Vice President, Internal Audit; Clarke to head Investor Relations
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