Conseco Reports Preliminary Fourth Quarter and Year-E...( (4) The calculation of this non-GAAP ...),Health

(4) The calculation of this non-GAAP measure differs from the

corresponding GAAP measure because accumulated other comprehensive

income (loss) has been excluded from the value of capital used to

determine this measure. Management believes this non-GAAP measure is

useful because it removes the volatility that arises from changes in

the unrealized appreciation (depreciation) of our investments. The

corresponding GAAP measures for debt-to-total capital and book value

per common share were 22.1% and $22.80, respectively, at December 31,

2007.

Cautionary Statement Regarding Forward-Looking Statements. Our statements, trend analyses and other information contained in this press release relative to markets for Conseco's products and trends in Conseco's operations or financial results, as well as other statements, contain forward- looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically are identified by the use of terms such as "anticipate," "believe," "plan," "estimate," "expect," "project," "intend," "may," "will," "would," "contemplate," "possible," "attempt," "seek," "should," "could," "goal," "target," "on track," "comfortable with," "optimistic" and similar words, although some forward-looking statements are expressed differently. You should consider statements that contain these words carefully because they describe our expectations, plans, strategies and goals and our beliefs concerning future business conditions, our results of operations, financial position, and our business outlook or they state other "forward-looking" information based on currently available information. Assumptions and other important factors that could cause our actual results to differ materially from those anticipated in our forward-looking statements include, among other things: (i) our abil
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