MINNEAPOLIS, May 12, 2015 /PRNewswire/ -- GWG Holdings, Inc. (NASDAQ: GWGH) ("GWG" or the "Company"), a specialty finance company and leader in the life insurance secondary market today announced financial results for the three months ending March 31, 2015.
Highlights
•Reports basic earnings of $0.62 per share for the first quarter of 2015
•Recognized $29.4 million of gross policy benefits in 2015 through May 11, 2015
•Reports $46.7 million of gross policy benefits recognized in the twelve months ending March 31, 2015
•Reports senior credit facility three-year renewal extension with enhanced terms
•Reports total liquidity position of $92.7 million – cash, insurance receivables plus senior lending facility availability – at May 11, 2015
•Reports significant expansion of the network of financial advisors offering the Company's products and services
