The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Oct 15, 2020. Its latest SEC filing is a SC 13D/A from Apr 28, 2021.
10-Q for Q3 FY2020, filed Oct 15, 2020
The sections below describe the company as of the FY2019 annual report.
Holds life insurance policies and an equity stake in a life-settlement portfolio, earning income from changes in their value, policy benefits and portfolio distributions.
10-K for FY2019, filed Mar 13, 2020Emergent Capital, through its subsidiaries owns two life insurance policies, also referred to as life settlements, with a fair value of…View ↗
It earns income as the value of its life insurance policies and White Eagle investment changes, and receives death benefits on its policies and distributions from White Eagle.
10-K for FY2019, filed Mar 13, 2020Emergent Capital, through its subsidiaries owns two life insurance policies, also referred to as life settlements, with a fair value of…View ↗
$41.5M
10-K for FY2019, filed Mar 14, 2020
$41.5M ↗
Yes. It kept 35 cents of every revenue dollar as net income in FY2019, but spent more cash than it brought in: free cash flow was −$12.4M.
10-K for FY2019, filed Mar 14, 2020
10-Q for Q3 FY2020, filed Oct 16, 2020
−$1MView ↗
8-K, filed Apr 8, 2021
The effective date of the Plan of Reorganization (the “Effective Date”) was April 7, 2021, when the Plan of Reorganization was effected…View ↗
8-K, filed Jan 4, 2021
On December 18, 2020, the Company filed a Second Amended Chapter 11 Plan of Reorganization (the “Plan of Reorganization”). On December 30…View ↗
8-K, filed Oct 15, 2020
On October 15, 2020 (the "Petition Date"), Emergent Capital, Inc. ("Emergent" or the "Company") and its wholly-owned subsidiary Red Reef…View ↗
8-K, filed Sep 18, 2020
On September 15, 2020, Emergent Capital, Inc. (“Emergent”) sold its wholly-owned subsidiary, Imperial Life Settlements, LLC (“ILS”), to an…View ↗
Shrank. Revenue fell 11% in 4 years, from $46.9M in FY2015 to $41.5M in FY2019, about 3% a year.
From direct portfolio ownership to an equity stake
The older report described Emergent as owning a portfolio of life insurance policies. The latest describes direct policy ownership alongside an equity investment in White Eagle, which holds a portfolio of life settlements.
10-K for FY2016, filed Mar 21, 2017 10-K for FY2019, filed Mar 13, 2020Incorporated in Florida, Emergent Capital, through its subsidiary companies, owns a portfolio of 621 life insurance policies, also referred…View ↗
Emergent Capital, through its subsidiaries owns two life insurance policies, also referred to as life settlements, with a fair value of…View ↗
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