Conseco’s fourth quarter operating profits rose 5 percent, beating expectations, as the struggling U.S. life insurance and loan firm continued its efforts to shore up its finances. The Carmel, Ind.-based company reported fourth-quarter operating profits, excluding one-time items, of $41.1 million, or 13 cents per share compared with a profit of $39.3 million, or 12 cents per share, in the same quarter last year. Analysts expected 8 cents per share profit. Conseco’s fourth-quarter net result, including one-time charges totaling $420 million, was a loss of $378.7 million, or $1.16 per share, compared with a loss of $62.6 million, or 19 cents per share, in the same quarter 1999.
Was this article valuable?
Here are more articles you may enjoy.
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain From This Issue
