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Conseco Expects Higher Third-Quarter Operating Income

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NU Online News Service, Oct. 24, 4:40 p.m. – Conseco Inc., Carmel, Ind., says operating earnings will be 18 cents per share for the third quarter, up 50% from operating earnings for the comparable quarter in 2000.

Company operations should generate $700 million in cash flow before interest and dividends this year, and cash flow should continue to grow in 2002 despite the gloomy economy, Conseco says.

Conseco also denied speculation that it might face problems in 2002 with finding the cash to pay off its debts.

Conseco has excellent and predictable cash flow and multiple sources of additional cash, the company says.

Conseco will release third quarter earnings on Oct. 30.