Mr. Hilbert is currently the Chairman, CEO, and President of SILAC, Inc.
SILAC, Inc., an insurance holding company he formed in 2015. SILAC is focused on the Life Insurance industry and marketing Life, Annuity and Supplemental Health products in all states except New York. SILAC, Inc. owns SILAC Insurance Company, Sterling National Life, both Utah Life Insurance companies, and Triad Insurance Administrators, a third party administration business, all of which were acquired in April 2017.
SILAC also purchased Sterling Investors Life as its original acquisition in August of 2015. Focused on organic growth and strategic acquisitions, in less than three years, SILAC increased its assets under management from approximately $17 Million to over $400 Million.
From 1979 to 2000, Mr. Hilbert was President, Chairman of the Board, and Chief Executive Officer of Conseco, Inc. (“Conseco”). Mr. Hilbert founded Conseco with $10,000 to capitalize on an opportunity he identified in the life insurance industry. Mr. Hilbert took Conseco public in 1985, when it had $100 Million of assets. In 1986, he took Conseco from the NASDAQ to the New York Stock Exchange. In 1994,
Mr. Hilbert was CEO of four New York Stock Exchange listed companies. Under Mr. Hilbert’s leadership, Conseco grew to a NYSE financial services company with $23 Billion of equity market capital and $100 Billion of assets under management.
Mr. Hilbert formed two life insurance specific funds targeting life insurance acquisitions and developing life and health products. CCP was formed in 1990 and was one of the best performing funds where investors received over 100% IRR. CCP was distributed in 1994. CCPII was the second insurance fund formed in 1994. Investors received approximately 80% IRR on the fund, which was distributed in 1995.
Mr. Hilbert also formed and managed a private equity fund, MH Equity, from 2005 through 2013. Mr. Hilbert helped endow a Baccalaureate insurance program at Indiana State University, where he served as a Director of the Indiana State University Foundation. He also was a member of the Board of Governors for the Indianapolis Museum of Art and the Board of Directors of the St. Vincent Hospital Foundation, the Indianapolis Zoo and the Indianapolis Convention and Visitors’ Association.
Through 2005 Mr. Hilbert served as Director of Vail Resorts Inc., a New York Stock Exchange Company, which owns Vail, Beaver Creek, Breckenridge and Keystone Ski Resorts. He served as a trustee of Park Tudor School, the Central Indiana Council on Aging Foundation, and the Marion County (Indiana) Sheriff’s Police Athletic League. He has chaired corporate campaigns for the United Way of Hamilton County (Indiana).
Mr. Hilbert has been recognized as one of the leaders in giving back to the Indianapolis community, including the Hilbert Circle Theatre, home of the Indianapolis Symphony Orchestra, the Hilbert Conservatory, at the Indianapolis Zoo, the Hilbert Early Education Center at Park Tudor, the Hilbert Pediatric Emergency Room at St. Vincent Hospital and numerous other worthy organizations which benefit the Indianapolis community.