CONSECO EARNINGS IMPROVING

November 6, 2000

In its third quarter earnings release, Conseco announced improved earnings from operations and a series of one-time charges as new management continues to execute the turnaround of the Indianapolis-based company.

Conseco continued to show improvement in its two core business segments — insurance and finance. It reported pre-tax operating earnings from its continuing insurance operations of $192.3 million — the highest in the last four quarters and up 18 percent over the second quarter.