Conseco Inc. says it will delay filing of a financial statement for 2007 because it found it had overstated its shareholders’ equity.
Conseco, Carmel, Ind., expects to file its 2007 Form 10-K around March 17. It asked the Securities and Exchange Commission for the extension to correct errors it identified while it was attempting to fix flawed internal controls it disclosed in previous filings with the SEC.
The company says it will restate its financial reports for 2005 and 2006, along with other statements for 2003, 2004 and 2007.