WEALTH UNIVERSITY

[Ned Serious]

CNO Posts 4Q, to file 10K today:

ARMEL, Ind., March 31 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO - News) today reported results for the fourth quarter and year-end 2008. "We are pleased to report our final results for the fourth quarter 2008 today, along with the successful renegotiation of our credit facility with our lenders," Conseco CEO Jim Prieur said. "Renegotiating our debt gives us greater financial flexibility during times of market volatility, as we focus on the continued growth of our core insurance businesses. Our businesses produced significant operating earnings, sales, and cash flow in the fourth quarter. We will file our Annual Report on Form 10-K for the year ended December 31, 2008 with the SEC later today, with an unqualified opinion from our auditors."

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Symbol Price Change
CNO 0.69 +0.01

Fourth Quarter 2008 results:

Total New Annualized Premium ("NAP") (1): $101.6 million, up 16% from 4Q07 ($100.7 million, excluding Private-Fee-For-Service ("PFFS"), up 12% from 4Q07)
Income before net realized investment losses, discontinued operations resulting from the transfer of Senior Health Insurance Company of Pennsylvania ("Senior Health," formerly known as Conseco Senior Health Insurance Company prior to its name change in October 2008) (the "Transfer") to an independent trust, corporate interest and taxes ("EBIT") (2): $78.1 million, compared to $64.8 million in 4Q07

Net operating income before valuation allowance for deferred tax assets (3): $48.7 million, compared to $27.2 million in 4Q07
Net operating income before valuation allowance for deferred tax assets per diluted share: 26 cents, compared to 15 cents in 4Q07
Net loss applicable to common stock: $451.8 million, compared to $71.5 million in 4Q07 (including $500.5 million of net realized investment losses, valuation allowance for deferred tax assets and losses related to discontinued operations in 4Q08 vs. $98.7 million of such losses in 4Q07)

Net loss per diluted share: $2.45 compared to 38 cents in 4Q07 (including $2.71 of net realized investment losses, valuation allowance for deferred tax assets and losses related to discontinued operations in 4Q08 vs. 53 cents of such losses in 4Q07)

from: http://finance.yahoo.com/news/Conseco-Reports-Fourth-prnews-14798937.html