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Conseco Inc. said this morning that its auditors are considering including a clause in the company’s annual report expressing uncertainty about whether it can remain a “going concern.”
The Carmel-based insurer also said preliminary fourth-quarter results indicate it lost $406.8 million or $2.20 a share. Driving down results was an $88 million loss in its investment portfolio.
Conseco said PricewaterhouseCoopers was concerned about the company’s liquidity and debt-covenant margins, particularly those that could be affected by further investment losses.
This story will be updated at www.IBJ.com.
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