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1. Organic Corporate Growth: LPHI has been growing its business within the rapidly expanding life settlement market. The company experienced quarterly earnings growth of 19 percent year-on-year, quarterly revenue growth of 25 percent year-on-year and an estimated 33 percent increase in market share.
2. Anticipated reinvestment: As LPHI clients experience payouts from policies, we expect a high percentage of these payouts will be reinvested in additional life settlement transactions as investors seek to rebuild their overall investment portfolios. Over the next five years, over $1 billion dollars could become available for reinvestment and would contribute to building LPHI's revenues.
3. New Product Designed Exclusively for Broker/Dealers: In response to broker/dealers looking for a securities product that is sponsored by an experienced life settlement provider, LPHI will be launching its own series of life settlement funds which can be marketed exclusively by broker/dealers in all 50 states. We expect this new transaction structure will substantially increase LPHI's exposure to accredited investors, provide broker/dealers with an exempt transaction structure that is familiar to securities dealers and regulators, and provide investors with the benefits of an alternative, asset-based investment that is not correlated to financial market performance.
Chairman Brian Pardo commented, "As we discussed with our shareholders today, we have experienced substantial growth in all of our key financial elements over last year and the growth drivers we have enumerated today will be the key to continuing our growth throughout the remainder of the year and beyond."
Life Partners is a U.S. company engaged in the secondary market for life insurance, commonly called "life settlements".
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