1. Reorganization Design Objectives
Consolidating non-LTC Back Office to Carmel, Indiana under a single leader (Steve Stecher)
Agent licensing and commission administration remain part of distribution organizations
Long-term care operations combined under a single leader (John Wells)
Finance and IT further clarified as enterprise functions
Expected savings of $25MM annually, commencing in 2008
2007 savings expected to offset reorganization costs

2. Old Conseco Organization Structure

3. New Conseco Organization Structure