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Conseco: NAIC Rule Change Helped

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Conseco Inc. says its capital position was improved by a recent National Association of Insurance Commissioners action.

At its summer meeting in Minneapolis that concluded June 16, the NAIC changed its mortgage experience adjustment factor for 2009, effective March 31. Conseco, Carmel, Ind., says the change improved the capital position of some of its subsidiaries that had commercial mortgage loans in their investment portfolios.

As a result of the NAIC’s action, Conseco increased its consolidated risk-based capital ratio by more than 25 points, the company reports.

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