- Overall, the number of transactions declined by 11.8% to 1,187 in 2012 from 1,346 in 2011.
- The total face value of policies sold declined to $2.12 billion from $5.06 billion.
- Top five settlement buyers:
- Coventry First remained the largest life settlement provider. Policies it purchased had an average face value of $659,000 each in 2012, compared with $3.79 million in 2011. Coventry bought 597 policies in 2012 for a total of $72.4 million.
- Magna Life Settlements, Inc. of Austin, Texas, was the second largest provider with 85 transactions. This represented a decline of 21% from its 107 transactions in 2011. It paid $24 million for $209.2 million in death benefits in 2012, compared with $22.9 million for $194.3 million in face value in 2011.
- Legacy Benefits, LLC of New York was the third-largest buyer with 54 transactions. Legacy's business tripled in 2012, as far as transaction volume. Its 54 settlements compared to 18 in 2011. It paid $10.2 million for $41 million in face value in 2012 compared to $3.77 million for $29.9 million in face value the year before.
- Settlement Group, Inc. of St Mary's, Ga. was the fourth-most-active buyer with 53 transactions, up 26% from 2011. The firm paid $24.7 million to sellers representing $149.7 million in face value.
- Life Equity, LLC of Hudson, Ohio was the fifth largest provider with 50 transactions, 22% more than in 2011. It paid $12 million for $137.7 million in face value.
Investors Finding Quality Deal Flow In Life Settlement Market
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