Ritter Insurance Marketing, Craig Ritter

Daily Archives: Monday, March 2, 2009

Conseco’s Auditors May Raise “Going Concern” Doubts; Conseco posts $400 Million Loss in Q4 2008; Stock Falls 50%; Conseco Delays Final Filing for 2008 by 2 Weeks

Posted by & filed under Conseco Insurance Company.

Conseco announced preliminary numbers for the 4th quarter of 2008.  They estimated a loss of $400+ million for the 4th quarter, primarily relating to their transfer of legacy Long Term Care business from Conseco to a Trust for the benefit of their LTCi insured.  The Transfer cost Conseco $367.5 million in Q4 2008.  The larger…

© Ritter Insurance Marketing