Conseco

Go To Fortune 500 Job Source Indiana Job Source Add Your Resume

Headquarters: 11825 N. Pennsylvania Street Carmel, IN  46032 Employees: 4,000 CEO: James Prieur Stock Symbol: CNO Website: http://www.conseco.com Career Site Conseco, Inc. is one of middle America's leading sources for supplemental health insurance, life insurance and annuities. Through its subsidiaries and a nationwide network of distributors, Conseco has nearly 5 million customers. The company's major subsidiaries include Bankers Life and Casualty and Colonial Penn Life Insurance. Conseco's insurance companies distribute their products in three ways: - Conseco Insurance group companies distribute through independent insurance agents - Bankers Life and Casualty distributes through career Bankers insurance agents - Colonial Penn Life distributes direct to customers via television, internet and direct mail There are 2,300 employees at Conseco's Carmel headquarters, 600 employees in Chicago at Bankers Life and Casualty and 300 employees working in Philadelphia at Colonial Penn Life. In 2006, Conseco reported revenues of $4.46 billion and net income of $96.5 million. History 1979 - The company is incorporated as Security National of Indiana Corp. (SNI). The primary activity of the company until 1982 is raising capital. Its offices are located in Carmel, IN. 1982 - The company begins insurance operations by acquiring Executive Income Life Insurance Co. (which was later renamed Security National Life Insurance Co.--SNL). 1983 - The company acquires Consolidated National Life Insurance Co. (CNL) and combines its operations with those of SNL. 1984 - SNI changes its name to Conseco, Inc 1985 - Conseco acquires Lincoln American Life Insurance Co. (LAL). 1986 - Conseco acquires Bankers National Life Insurance Co. (BNL) and stock begins trading on the NYSE. Conseco filed for Chapter 11 bankruptcy in 2002 and emerged in 2003. Updated December 18, 2007