GWG Reports 56 Percent Year-Over-Year Revenue Growth in 2Q15

GWG Holdings Inc. (NASDAQ: GWGH), a specialty finance company in the life insurance secondary market, announced financial results for the three and six months ending June 30, 2015.

Below are highlights from GWG’s earning’s report:

• Quarterly revenue growth of 56 percent and 131 percent compared to the three and six month periods one year ago.

• Portfolio growth of $51.3 million in face value to more than $806 million in face value of policy benefits, net of matured policy benefit payments as of June 30, 2015.

• Direct policy-sourcing efforts grew significantly, with 28 percent of the life insurance policies in the company’s origination pipeline coming from direct sources as of August 3, 2015.

• Financial professionals approved to source life insurance policies for the company increased to more than 850 as of June 30, 2015.

• Financial professionals approved to sell the company’s $1 billion high yield, non-correlated L Bond Offering increased by 1,700, bringing the total to approximately 3,100 as of August 3, 2015.

• Total liquidity position of $82.0 million – cash, policy benefit receivables plus senior lending facility surplus – was available for life insurance policy acquisitions and premium payments as of June 30, 2015.

GWG Holdings Inc. is a specialty finance company in the life insurance secondary market. GWG, through its subsidiaries, purchases life insurance policies from seniors who no longer want, need or can afford their policies. Since 2006, GWG has purchased more than $1.7 billion in life insurance policy benefits and paid seniors in excess of $283 million for their policies – approximately $266 million more than the surrender or lapse value offered by insurance carriers.