April 21, 2018 12:50 PM ET

Diversified Financial Services

Company Overview of GWG Holdings, Inc.

Company Overview

GWG Holdings, Inc., a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company also purchases policies in the secondary market through financial advisors and appointed agents. In addition, it focuses on applying proprietary M-Panel epigenetic technology to disrupt traditional life insurance underwriting practices. Further, it provides secured loans to merchant cash advance funders, as well as merchant cash advances directly to small businesses. GWG Holdings, Inc. was founded in 2006 and is h...

220 South Sixth Street

Suite 1200

Minneapolis, MN 55402

United States

Founded in 2006

65 Employees

Phone:

612-746-1944

Key Executives for GWG Holdings, Inc.

GWG Holdings, Inc. does not have any Key Executives recorded.

GWG Holdings, Inc. Key Developments

GWG Holdings, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

GWG Holdings, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenue of $17,680,945 against $16,874,982 a year ago. Loss before income taxes was $6,445,821 against $2,864,905 a year ago. Net loss attributable to common shareholders was $16,085,685 or $2.77 basic and diluted per share against $3,103,644 or $0.52 basic and diluted per share a year ago. Total adjusted non-GAAP net income attributable to common shareholders was $1,094,000 or $0.21 diluted per share against $3,824,000 or $0.53 diluted per share a year ago. For the year, the company reported total revenue of $64,133,918 against $69,477,334 a year ago. Loss before income taxes was $22,729,594 against income before income taxes of $725,312 a year ago. Net loss attributable to common shareholders was $33,334,564 or $5.72 basic and diluted per share against $3,145,378 or $0.53 basic and diluted per share a year ago. Total adjusted non-GAAP net income attributable to common shareholders was $24,658,000 or $3.16 diluted per share against $30,964,000 or $4.04 diluted per share a year ago.

GWG Holdings, Inc. to Report Q4, 2017 Results on Mar 29, 2018

GWG Holdings, Inc. announced that they will report Q4, 2017 results at 9:00 AM, Eastern Standard Time on Mar 29, 2018

GWG Holdings, Inc., Q4 2017 Earnings Call, Mar 29, 2018

GWG Holdings, Inc., Q4 2017 Earnings Call, Mar 29, 2018

Similar Private Companies By Industry

Company Name Region
1199 S.E.I.U. Federal Credit Union United States
121 Financial Credit Union United States
123 LumpSum Holdings, LLC United States
12five Capital, LLC United States
167th TFR Federal Credit Union United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 18, 2018
--
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact GWG Holdings, Inc., please visit www.gwgh.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.