Growth in life, annuity and supplemental health revenue was strong at Conseco Inc. during the second quarter.

Here is a summary of Conseco’s latest earnings:

Conseco Inc., Carmel, Ind.

2 Q 2008 Results

NET INCOME: $487 million loss

REVENUE: $1 billion

NET REALIZED INVESTMENT CHANGE: $235 million loss

NET OPERATING INCOME BEFORE VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS: $54 million

2 Q 2007 Results

NET INCOME: $55 million loss

REVENUE: $1.2 billion

NET REALIZED INVESTMENT CHANGE: $28 million loss

NET OPERATING INCOME BEFORE VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS: $46 million loss

- The closed block of long term care insurance business was profitable.

- Initial claims for Bankers Life LTC insurance policies were higher than expected.

- Bankers Life annuity revenue increased to $258 million, from $200 million, and its supplemental health revenue increased to $471 million, from $357 million.

- Colonial Penn life revenue increased to $44 million, from $28 million.

- Run-off LTC insurance revenue fell to $74 million, from $76 million.

- Unrestricted cash and cash equivalents decreases to $295 million, from $407 million.