Carmel, Ind.-based Conseco Inc. is back in the black for first quarter 2009. The insurer reported net income of $24.5 million for the quarter, compared to a net loss of $7.2 million in the same period a year ago.
"Conseco showed continued improvement and profitability in all three insurance businesses for the first quarter, which is a seasonally low quarter for our earnings,” Conseco CEO Jim Prieur said in a statement. “Core sales increased by 4% overall. We set records in the quarter for new agent contracts in our wholly owned distribution channels, and new agency appointments rose 73% in our independent channel, all key to future sales growth."
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