Conseco Inc. (CNO:NYSE)

Conseco Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).

Conseco Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter the company reported $107.0 million of income before net realized investment losses, corporate interest and taxes, up 2%, compared to $104.8 million in third quarter of 2008. Net operating income of $54.3 million, down 7%, compared to $58.3 million in third quarter of 2008. Net operating income per diluted share: 29 cents, down 6%, compared to 31 cents in third quarter of 2008. Net income of $15.4 million, compared to a net loss of $183.3 million in third quarter of 2008(including $38.9 million of net realized investment losses and valuation allowance for deferred tax assets in third quarter of 2009 versus $241.6 million of net realized investment losses and losses related to discontinued operations in third quarter of 2008.) Net income per diluted share of 8 cents, compared to a net loss per diluted share of 99 cents in third quarter of 2008. For the quarter, the company reported total revenues of $1,118.6 million compared to total revenues of $1,021.9 million for the same period a year ago. For the nine months, the company reported $266.0 million of EBIT, up 25%, compared to $213.2 million in the first nine months of 2008. Net operating income of $126.5 million, up 22%, compared to $103.6 million in the first nine months of 2008 and net operating income per diluted share: 68 cents, up 21%, compared to 56 cents in the first nine months of 2008 and net income of $67.5 million, compared to a net loss of $679.0 million in the first nine months of 2008 (including $59.0 million of net realized investment losses and valuation allowance for deferred tax assets in the first nine months of 2009 vs. $782.6 million of net realized investment losses, valuation allowance for deferred tax assets and losses related to discontinued operations in the first nine months of 2008).--Net income per diluted share of 36 cents, compared to a net loss per diluted share of $3.68 in the first nine months of 2008. Book value per common share, excluding accumulated other comprehensive income (loss), was $18.82, up 2%, compared to $18.41 at December 31, 2008. For the nine months, the company reported total revenues of $3,283.7 million compared to total revenues of $3,144.1 million for the same period a year ago.

Conseco Inc., Q3 2009 Earnings Call, Nov-05 2009