OverviewSuggest Edit

GWG Holdings is a specialty finance company conducting its life insurance related business through its subsidiaries GWG Life, Life Epigenetics and LifeCare Xchange. The Company specializes in acquiring life insurance policies in the secondary market from seniors who no longer want, need or can afford their policies. It has developed a suite of options LifeCare Xchange, which provides seniors with the exchange value of their life insurance policies they can apply to long-term care and other post-retirement needs. The Company also develops an M-Panel and related epigenetic technology that is focused changing the life insurance industry’s ability to underwrite insurance risk to more accurately predict human life expectancy.

TypePublic
Founded2006
HQMinneapolis, US
Websitegwgh.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Sep 2017)40
Revenue (FY, 2018)($390.3 K)(-100%)
Share Price (Oct 2019)$9

Key People/Management at GWG Holdings

William Acheson

William Acheson

CFO
David H. Abramson

David H. Abramson

Director
Thomas J. Donohue

Thomas J. Donohue

Director
Shawn R. Gensch

Shawn R. Gensch

Director
Jeffrey L. McGregor

Jeffrey L. McGregor

Director
Steven F. Sabes

Steven F. Sabes

Director
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GWG Holdings Office Locations

GWG Holdings has an office in Minneapolis
Minneapolis, US (HQ)
220 South 6th St #1200
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GWG Holdings Financials and Metrics

GWG Holdings Revenue

GWG Holdings's revenue was reported to be ($390.29 k) in FY, 2018
USD

Revenue (FY, 2018)

(390.3k)

Net income (FY, 2018)

(119.5m)

Market capitalization (11-Oct-2019)

296.3m

Closing stock price (11-Oct-2019)

9.0

Cash (31-Dec-2018)

114.6m
GWG Holdings's current market capitalization is $296.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

33.1m30.5m39.6m69.5m64.1m(390.3k)

Revenue growth, %

(8%)30%75%

Sales and marketing expense

5.0m5.0m8.0m11.8m14.9m17.4m

Operating expense total

31.1m5.0m50.5m68.8m86.9m119.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

5.5m5.5m5.1m16.8m8.6m8.3m17.9m20.8m13.9m20.1m11.7m14.7m14.5m38.9m

Sales and marketing expense

968.7k1.2m1.4m1.7m2.1m2.3m2.5m3.1m2.9m3.2m3.7m3.8m3.7m7.0m

Operating expense total

8.4m1.2m1.4m1.7m2.1m2.3m2.5m3.1m2.9m3.2m21.1m21.5m23.7m48.1m

Interest expense

6.3m6.6m6.8m7.2m7.3m8.7m9.7m10.4m12.0m13.2m12.2m13.3m16.1m33.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

33.4m30.7m34.4m78.5m114.4m114.6m

Accounts Receivable

4.1m

Total Assets

275.4m323.1m398.2m643.2m818.9m1.5b

Accounts Payable

839.9k1.2m1.5m2.2m6.4m9.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

28.1m23.1m29.5m36.2m38.2m28.5m11.0m17.4m18.8m49.9m52.3m115.3m141.2m124.4m

Total Assets

287.6m296.6m311.5m351.3m356.7m371.5m441.6m475.0m527.4m660.7m691.5m766.7m866.5m895.0m

Accounts Payable

1.3m1.7m2.9m2.1m3.1m2.1m2.5m2.4m2.7m4.2m3.7m3.6m2.6m

Total Liabilities

270.0m577.6m635.1m702.8m723.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(195.0k)(6.0m)(7.4m)391.9k(20.6m)(119.5m)

Accounts Payable

369.8k363.7k313.9k709.3k4.2m2.9m

Cash From Investing Activities

(30.4m)(8.1m)(34.4m)(90.1m)(69.8m)(114.0m)

Interest Paid

34.6m46.0m67.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(1.9m)(2.6m)(3.4m)3.3m(2.3m)(3.6m)1.1m1.9m(3.0m)(45.1k)(5.7m)(4.1m)(9.2m)(9.2m)

Accounts Payable

1.7m9.8m2.9m2.1m3.1m2.1m2.5m2.4m2.7m3.7m

Cash From Investing Activities

(8.3m)(15.8m)(22.0m)(20.1m)(44.3m)

Dividends Paid

(2.0m)(3.5m)
USDY, 2018

Financial Leverage

5.3 x
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GWG Holdings Online and Social Media Presence

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GWG Holdings News and Updates

GWG Holdings, Inc. Reports Results for the Second Quarter Ended June 30, 2019

MINNEAPOLIS, Sept. 03, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services holding company committed to transforming the alternative asset industry through innovative liquidity products and related services for the owners of illiquid alternative investments, today anno…

GWG Holdings, Inc. Prereleases Selected Preliminary Financial Results for the Second Quarter Ended June 30, 2019

GWG Holdings, Inc. Announces Transition of Chief Financial Officer and Other Matters GWG Holdings, Inc. Announces Transition of Chief Financial Officer and Other Matters

GWG Holdings, Inc. Reports Results for the First Quarter Ended March 31, 2019

MINNEAPOLIS, Aug. 05, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services holding company committed to transforming the alternative asset industry through innovative liquidity products and related services for the owners of illiquid alternative investments, today annou…

GWG Holdings, Inc. Reports Results for the Fourth Quarter and Full Year Ended December 31, 2018

MINNEAPOLIS, July 09, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services holding company committed to transforming the alternative asset industry through innovative liquidity products and related services for the owners of illiquid alternative investments, today annou…

Jenniffer Daigle Joins GWG Holdings as Senior Vice President of Business Development

MINNEAPOLIS, June 19, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), announced that Jenniffer Daigle has joined GWGH as Senior Vice President of Business Development. Daigle, who brings more than 18 years of experience in the financial services industry with a focus on alternative inv…

GWG Holdings Adds Three New Directors to its Deeply Experienced Board

MINNEAPOLIS, June 12, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) announced that it has expanded its Board of Directors to 14 members, with the addition of three new members. The new members join an existing board whose directors’ backgrounds range from the highest executive levels …
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GWG Holdings Blogs

GWG Holdings Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

GWG Holdings Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Content Import Mon, 08/19/2019 - 16:45 GWG Holdings Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) August 19, 2019 at 4:45 PM EDT This release…

GWG Holdings to Conduct its 2018 and Q1 2019 Earnings Webcast/Conference Call on Tuesday, August 13, 2019

GWG Holdings to Conduct its 2018 and Q1 2019 Earnings Webcast/Conference Call on Tuesday, August 13, 2019 Content Import Wed, 08/07/2019 - 16:30 GWG Holdings to Conduct its 2018 and Q1 2019 Earnings Webcast/Conference Call on Tuesday, August 13, 2019 August 7, 2019 at 4:30 P…

GWG Holdings Added to the Russell 2000 Index

GWG Holdings Added to the Russell 2000 Index Content Import Wed, 07/17/2019 - 16:16 GWG Holdings Added to the Russell 2000 Index July 17, 2019 at 4:15 PM EDT This release is a backfill from a News Wire General MINNEAPOLIS, July 17, 2…

A Flattening Yield Curve Gives Investors Another Trend to Worry About

With this market, it’s always something. First it was inflation. Then it was technology companies, and then North Korea and then the Federal Reserve’s policy on interest rates. And a trade war? It’s enough to make your head spin. Prepare for more dizziness as the latest economic worry is the inverte…

Machines Know You’re Eating a Hot Dog: What AI, ML and DS Mean to You

By Dr. Randal S. Olson Whether it’s reducing the time you wait at a traffic light, allowing your phone to respond to your voice, or preventing fraudulent charges to your credit card, it’s becoming apparent that our systems are increasingly being managed by the machines we built to operate them. And …

GWG Holdings Frequently Asked Questions

  • When was GWG Holdings founded?

    GWG Holdings was founded in 2006.

  • Who are GWG Holdings key executives?

    GWG Holdings's key executives are William Acheson, David H. Abramson and Thomas J. Donohue.

  • How many employees does GWG Holdings have?

    GWG Holdings has 40 employees.

  • Who are GWG Holdings competitors?

    Competitors of GWG Holdings include Emergent Capital, ReAssure and Reinsurance Group of America.

  • Where is GWG Holdings headquarters?

    GWG Holdings headquarters is located at 220 South 6th St #1200, Minneapolis.

  • Where are GWG Holdings offices?

    GWG Holdings has an office in Minneapolis.

  • How many offices does GWG Holdings have?

    GWG Holdings has 1 office.