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

ss, net

of planned increases to associated policyholder charges.

-- Our benefit ratios increased in the fourth quarter of 2007 on our

specified disease and Medicare supplement business. These increases

negatively affected fourth quarter 2007 earnings by approximately

$8 million compared to the same period of the prior year.

-- Earnings in the fourth quarter of 2007 were also negatively affected by

$4.2 million of trading losses related to the termination of interest

rate swap agreements held in our trading portfolio.

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

costs and expenses of approximately $3.0 million related to operational

initiatives and consolidation activities.

-- Earnings in the fourth quarter of 2006 were negatively affected by

$16.1 million related to the segment's life insurance results in

connection with management's intent regarding the administration of

certain policies. This compares to a similar charge in the fourth

quarter of 2007 of $2.0 million.

In our Other Business in Run-off segment, we recognized a pre-tax operating loss of $10.0 million in the fourth quarter of 2007, compared to a loss of $45.1 million in the fourth quarter of 2006. Earnings in the fourth quarter of 2006 were negatively impacted by claim reserve strengthening resulting from adverse claim experience on claims incurred in previous quarters. In the fourth quarter of 2007, there were no comparable significant adjustments for claim experience related to previous quarters.

The Corporate Operations segment includes our investment advisory subsidiary and corporate expenses.

Net realized losses of $23.0 million (net of taxes) in the fourth quarter of 2007 consisted of losses from market value declines and from sales of mortgage-backed securities collateralized by sub-prime residential mortgage loans.
'/>"/>

SOURCE Conseco, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Related medicine news :

1. Conseco Files 10-K and Sets Earnings Release Date
2. Conseco Reports Preliminary Fourth Quarter and Year-End Results
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
10. Conseco Completes Divestiture of Old Block of Fixed and Equity-Indexed Annuities
11. Barta joins Conseco as Senior Vice President, Financial Planning & Analysis; Barra named Senior Vice President, Internal Audit; Clarke to head Investor Relations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2014)... Scientists have identified new pain relief targets that ... pain. BBSRC-funded researchers at King,s College London made ... nerves in the periphery of the body. , ... and identifying mechanisms underlying pain generation and our ... related side effects." , One potential side effect ...
(Date:4/17/2014)... the April issue of Experimental Biology and ... Drs. Rex Gaskins and Paul Kenis in the ... of the University of Illinois Urbana-Champaign describe their ... reactions underlie a variety of cell functions including ... these crucial roles in regulating normal cellular behavior, ...
(Date:4/17/2014)... a review published in the April issue of ... Feinstein Institute for Medical Research, says it,s time to ... approach to treating sepsis, which kills millions worldwide ... occurs when molecules released into the bloodstream to fight ... Inflammation is necessary for maintaining good health without ...
(Date:4/17/2014)... personnel who served in Iraq and Afghanistan and ... (TBI) were compared to military personnel without TBI ... in measures of overall disability, cognitive function, post-traumatic ... reported in an article in Journal of ... Liebert, Inc., publishers. The article is available free ...
(Date:4/17/2014)... The cause of neuronal death in Parkinson,s disease is ... may be mistaken for foreign invaders and killed by ... autoimmune diseases like type I diabetes, celiac disease, and ... published April 16, 2014, in Nature Communications . ... in Parkinson,s disease; but if true, it could lead ...
Breaking Medicine News(10 mins):Health News:New pain relief targets discovered 2Health News:Live cell imaging reveals distinct alterations of subcellular glutathione potentials 2Health News:Feinstein Institute researcher publishes new perspective on sepsis 2Health News:Long-term effects of battle-related 'blast plus impact' concussive TBI in US military 2Health News:Is Parkinson's an autoimmune disease? 2
... women may be genetically predisposed to giving birth prematurely, ... ,The research is an important first step ... early and eventually could lead to treatments. ... between 1989 and 1997 kept by the Missouri Department ...
... the country’s health scenario unless drastic measures are taken// to ... by the health ministry of Malaysia, the country will have ... 2015. ,Of a population of 30 million, 73 ... The figures show an increase of the AIDS causing virus ...
... to reduce the risks of further outbreaks of the deadly// ... poultry farms in the north. ,"The season ... sufficient monitoring and surveillance arrangements in place to check and ... a spokesman for Pakistan's Ministry of Food, Agriculture and Livestock, ...
... southeast of the country on Thursday; a year after the H5N1 ... ,The Agriculture Ministry said in a statement on ... in the province of Batman. The ministry said it believed wild ... flu-like symptoms from the village were taken into hospital for observation ...
... Trichomonas vaginalis significantly increases a woman’s risk of becoming ... the March 1st edition of The Journal of Infectious ... established that several sexually transmitted infections increase the risk ... 173 million cases of Trichomonas vaginalis per year worldwide, ...
... state Department of Health is investigating a tuberculosis case at ... Montezuma and working// to prevent the spread of the disease. ... the Department of Health that a student was hospitalized with ... a form of bacterial infection that can affect the lungs ...
Cached Medicine News:Health News:Genes May Trigger Repeated Premature Birth In Blacks 2Health News:Pakistan: Authorities Plays Down Bird Flu Risk 2Health News:Vaginalis Increases the Risk of Becoming Infected With HIV 2Health News:Vaginalis Increases the Risk of Becoming Infected With HIV 3Health News:Tuberculosis Case Alarms Health Officials 2
(Date:1/15/2014)... 2014 BreedIT Corp (OTC: BRDT), through ... of highly sophisticated agro-breeding solutions for plant breeders and ... Company,s board of directors appointed chemistry and pharmaceutical industry ... member of the board. From 1975 to ...
(Date:1/15/2014)... is very pleased to announce the appointment of Mr. ... Mark was promoted from his current role of Chief Operating ... in Massachusetts , Mississippi ... 2012 with 20+ years of broad-based operations, sales, engineering and ...
(Date:1/15/2014)... 2014 The Cadence Fitness & Health Center has ... Medical Fitness Association, a non-profit organization assisting medically integrated ... The Cadence Fitness & Health Center is the only ... in the Chicagoland area. "The certification means ...
Breaking Medicine Technology:BreedIT (OTC: BRDT) Appoints Chemistry and Pharmaceutical Industry Expert Dr. Ben-Zion Weiner to Its Board of Directors 2BreedIT (OTC: BRDT) Appoints Chemistry and Pharmaceutical Industry Expert Dr. Ben-Zion Weiner to Its Board of Directors 3Tegra Medical Appoints New Chief Executive Officer 2Tegra Medical Appoints New Chief Executive Officer 3Cadence Fitness & Health Center Certified as Medical Fitness Facility 2Cadence Fitness & Health Center Certified as Medical Fitness Facility 3
... AUSTIN, Texas, June 29, 2011 Ascension Orthopedics, Inc., the ... the PyroTITAN™ Humeral Resurfacing Implant in Geelong, Australia by Richard ... "The patient was a 57-year-old, active male with ... by a fall from a mountain bike and not improved ...
... 2011 Medicines can cure disease, relieve symptoms, and ... a lot of damage if taken incorrectly, when not ... http://photos.prnewswire.com/prnh/20090824/FDALOGO ) Studies estimate that up ... be prevented. Learn how FDA—through its Safe ...
Cached Medicine Technology:Ascension Orthopedics Implants PyroTITAN™ in Geelong, Australia 2
... Durable ergonomic chairs with concave ... support • Select options like seats, ... • Choose the BE Series for ... environments including: industry, education, laboratory, clean ...
... chairs with concave seats and large ... options like seats, backrests, armrests, and ... BE Series for top performance in ... education, laboratory, clean room, static control, ...
... Durable ergonomic chairs with concave ... support • Select options like seats, ... • Choose the BE Series for ... environments including: industry, education, laboratory, clean ...
... ergonomic chairs with concave seats and ... Select options like seats, backrests, armrests, ... the BE Series for top performance ... industry, education, laboratory, clean room, static ...
Medicine Products: