Founded in December 2006 as a Florida limited liability company, Imperial
Holdings, LLC, converted into Imperial Holdings, Inc. (with its subsidiaries,
the �Company� or �Imperial�) on February 3, 2011, in connection with the
Company�s initial public offering.
Incorporated in Florida, Imperial owns and manages a portfolio of 612 life
insurance policies, also referred to as life settlements, with a fair value of
$303.0 million and an aggregate death benefit of approximately $3.0 billion at
December 31, 2013. The Company primarily earns income on these policies from
changes in their fair value and through death benefits when a policy matures.
The Company has historically operated in two reportable business segments: life
finance and structured settlements. On October 25, 2013, the Company sold its
structured settlements business. See �Discontinued Operations� below.