Conseco Rises on Quarterly Profit, Loan Compliance

Conseco Inc., the Carmel, Indiana- based life insurer, gained 36 percent and led the gainers on the Russell 3000 Index after saying it had a second-quarter profit and results complied with credit agreement covenants.

The insurer rose 68 cents to $2.58 at 4:15 p.m. in New York Stock Exchange Composite trading. Conseco’s net income was between $15.8 million and $27.8 million, compared with a net loss of $488.5 million a year earlier, the firm said late yesterday in a statement. Operating income was 22 cents a share, matching the average estimate of 5 analysts surveyed by Bloomberg...

Bloomberg: Conseco Rises on Quarterly Profit, Loan Compliance