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."

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access