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Conseco's Net Income Surges by 20 Percent
Conseco's net income surges by 20 percent. Bankers Life excels, but insurance unit struggles.
J.K. Wall
Indianapolis Star
March 15, 2005
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Conseco Inc. issued modest surprises Monday, beating the expectations of Wall Street analysts
with its fourth-quarter profits and reporting that it now is compliant with a strict new federal
law.
The Carmel-based insurance company saw strong performance from its Bankers Life & Casualty unit
and rising investment income, although its Conseco Insurance Group continued to struggle.
Conseco's somewhat unexpected compliance with the internal reporting requirements of the
Sarbanes-Oxley Act of 2002 is an encouraging sign, analysts said.
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