Sponsor of non-traded life settlement investment offerings GWG Holdings, Inc (GWG) recently announced its fourth quarter results. GWG trades on the NASDAQ under the symbol GWGH and offers its unique investment offerings through the independent broker-dealer channel.
During the quarter, the company launched its $1 billion follow-on of a publicly registered L Bond offering which was declared effective in January 2015. In addition, according to a company statement, “[GWG] continued to enhance its service offerings to independent broker dealers and registered investment advisors resulting in both increased capital flows and a growing source of direct life insurance policy purchases.”
Financially speaking, the company reported basic earnings of $.36 per share for Q4 2014 and recognized gross policy benefits of $14.7 million during the same period.
“We are at the beginning of a business cycle of consistent, sustainable earnings and cash flows derived from a truly non-correlated asset class that ultimately benefits consumers owning life insurance policies, providing unparalleled value,” commented Michael Freedman, President of GWG Holdings, Inc.
GWG offers financial opportunities on both ends of the spectrum.
For seniors that no longer need, want or can afford their life insurance policies, GWG provides an opportunity to sell for five to eight times more than the cash surrender values insurance companies typically pay.
For investors, GWG offers an investment in a yield generating, non-correlated asset.
The company has purchased over $1.7 billion in life insurance policy benefits since 2006. Seniors have earned $283 million through life settlements from GWG, which is about $266 million more than the surrender value offered, according to the company.
For more information or to review the entire financial report, visit GWG here.