NPH, Conseco

National Planning Holdings Inc. posted strong results for 2007, while Conseco Inc. posted a write-down for the fourth quarter. National Planning Holdings posted a 22% increase in annual revenue in 2007, while its roster of registered representatives grew 12.8%. The Santa Monica, Calif.-based broker-dealer holding company and an affiliate of Lansing, Mich.-based Jackson National Life Insurance Co. said revenue totaled $599.9 million, up from $492.7 million in the year-ago period. The number of registered reps increased to 2,996, up from the 2,655 registered reps during the previous year. Total sales increased 20.5% to $14.3 billion, compared to $11.8 billion in 2006. Conseco, the Carmel, Ind.-based insurer lost $72.2 million, or 39 cents per share, including $23 million in net realized investment losses and $68 million in valuation for deferred tax assets. The company said net operating income before valuation allowance for deferred tax assets was $18.8 million, or 10 cents per share. In February, the company said it would restate certain financials at the request of the Securities and Exchange Commission, after overstating shareholders' fourth-quarter equity by $15 million to $35 million. Conseco also plans to restate results for 2005 and 2006, as well as certain results from 2003 and 2004 and the first three quarters of 2007.