Conseco Inc. is the holding company for a group of insurance companies. Through its subsidiaries, the company develops, markets and administers supplemental health insurance, annuity, individual life insurance and other insurance products. Conseco focuses on the senior and middle-income markets. Products are distributed through career agents, independent agents and direct marketing. Its three primary business segments are Bankers Life and Casualty, Colonial Penn Life and Conseco Insurance Group. The company is based in Carmel, Ind., and operates throughout the U.S.
Conseco sponsors the Conseco Fieldhouse, home to the professional basketball's Indiana Pacers and the Indiana Fever of the Women's National Basketball Association.
Conseco has felt the impact of the credit crunch. Market turmoil has hurt many insurers and decreased their ability to access the credit markets.