interest expense (16.7) (17.8)
EBIT, excluding costs related to a
litigation settlement and a loss related
to a coinsurance transaction 110.6 377.0
Costs related to the proposed litigation settlement (64.4) (174.7)
Loss related to a coinsurance transaction (76.5) -
Total EBIT (30.3) 202.3
Corporate interest expense (53.2) (36.9)
Income (loss) before net realized investment
losses and taxes (83.5) 165.4
Tax expense (benefit) (32.2) 60.0
Net income (loss) before net realized investment
losses (51.3) 105.4
Preferred stock dividends:
5.50% Class B mandatorily convertible preferred stock (14.1) (28.5)
Net operating income (loss) (65.4) 76.9
Net realized investment losses, net of related
amortization and taxes (51.9) (14.7)
Net income (loss) applicable to common stock $(117.3) $ 62.2
Per diluted share:
Net operating income (loss) $ (.39) $ .50
Net realized investment losses, net of
related amortization and taxes (.30) (.09)
Net income (loss) applicable to common stock $ (.69) $ .41
CONSECO, INC. AND SUBSIDIARIES
COLLECTED PREMIUMS
(Dollars in millions)
Three months ended
September 30,
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