Conseco Reports Third Quarter Results(expenses 1262.0 1041.6...),Health

Income (loss) before

income taxes (86.8) 76.7 (163.3) 142.9

Income tax expense

(benefit) on

period income (33.1) 28.3 (60.1) 52.2

Net income (loss) (53.7) 48.4 (103.2) 90.7

Preferred stock

dividends - 9.5 14.1 28.5

Net income (loss)

applicable to

common stock $ (53.7) $ 38.9 $ (117.3) $ 62.2

Earnings per common

share:

Basic:

Weighted average

shares outstanding 187,733,000 151,663,000 169,270,000 151,566,000

Net income (loss) $ (.29) $ .26 $ (.69) $ .41

Diluted:

Weighted average

shares outstanding 187,733,000 152,529,000 169,270,000 152,547,000

Net income (loss) $ (.29) $ .26 $ (.69) $ .41

CONSECO, INC. AND SUBSIDIARIES

OPERATING RESULTS

Results by segment for the nine months ended September 30 were as follows ($ in millions):

Nine Months Ended

September 30,

2007 2006

EBIT (2), excluding costs related to a

litigation settlement and loss related

to a coinsurance transaction:

Bankers Life $ 174.6 $ 189.3

Conseco Insurance Group 101.4 173.9

Colonial Penn 18.3 16.2

Other Business in Run-off (167.0) 15.4

Corporate Operations, excludin
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