Conseco Directors and Officers Complete Expanded Stock Purchase Plan; Company Reiterates "Comfort" with Analyst Estimates for 1998 and 1999.CARMEL, Ind.--(BUSINESS WIRE)--Aug. 26, 1998--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today announced the completion of the previously announced stock purchase program designed to encourage long-term shareholdings among its directors, executive officers and key employees. Approximately 170 Conseco directors and managers, including all nine executive officers of the company and approximately 80 managers of the company's Green Tree Financial subsidiary, participated in the program. The program was expanded from 4 million to approximately 4.5 million shares in order to accommodate the demand from participants. Stephen C. Hilbert, Conseco's chairman, president and chief executive officer, acquired 600,000 shares through the program, and bought an additional 400,000 shares in separate open market purchases. Conseco also said today that both of its principal businesses - insurance and finance - are performing at or above expectations so far in 3Q98, and that management remains comfortable with the current consensus analyst estimates (according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. First Call) of operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share for 3Q98, 4Q98 and for full-year 1999. Headquartered in Carmel, Ind., Conseco is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization dedicated to providing its customers with solutions for both wealth protection and wealth creation. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities, universal life insurance and consumer and commercial finance products and services. World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO Fax-on-Demand 800.344.6452
CONTACT: Conseco, Inc.
Jim Rosensteele, 317/817-2893
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