income (loss) (4), was 20.6%, compared to 17.3% at December 31, 2006
Operating results
Our segments reflect the addition of Colonial Penn as a separate segment. All prior period segment disclosures have been restated to conform to our new presentation. Results by segment for the quarter were as follows ($ in millions, except per share data):
Three Months Ended
September 30,
2007 2006
EBIT (2), excluding costs related to a
litigation settlement and loss related
to a coinsurance transaction:
Bankers Life $ 66.3 $ 68.4
Conseco Insurance Group (.4) 58.5
Colonial Penn. 7.0 4.6
Other Business in Run-off (2.9) (13.0)
Corporate Operations, excluding corporate
interest expense (.5) (8.1)
EBIT, excluding costs related to a
litigation settlement and loss related to a
coinsurance transaction 69.5 110.4
Costs related to a litigation settlement (16.4) -
Loss related to a coinsurance transaction (76.5) -
Total EBIT (23.4) 110.4
Corporate interest expense (20.2) (12.5)
Income (loss) before net realized
investment losses and taxes (43.6) 97.9
Tax expense (benefit) (18.0) 35.6
Net income (loss) before net realized
investment losses
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