8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 8, 2016 (March 8, 2016)

THE J.G. WENTWORTH COMPANY

(Exact name of registrant as specified in its charter)

Delaware	001-36170	46-3037859
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
201 King of Prussia Road, Suite 501, Radnor, Pennsylvania		19087-5148
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (484) 434-2300

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1

Item 2.02 Results of Operations and Financial Condition.

On March 8, 2016, The J.G. Wentworth Company announced its results of operations for the quarter and year-ended December 31, 2015.  A copy of the related press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

At 10:00am EST on March 8, 2016, the Company will hold its earnings call discussing the results of operations for the quarter and year-ended December 31, 2015, as well as certain selected information from the current period.

The information set forth in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for any other purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section.

This information shall not be deemed to be incorporated by reference into any filing of the registrant under the Securities Act of 1933 or the Exchange Act regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release, dated March 8, 2016, issued by The J.G. Wentworth Company

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE J.G. WENTWORTH COMPANY
By:	/s/ Scott E. Stevens
	Name:	Scott E. Stevens
	Title:	Executive Vice President & Chief Financial Officer
Dated: March 8, 2016

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release, dated March 8, 2016, issued by The J.G. Wentworth Company

EX-99.1

Exhibit 99.1

The J.G. Wentworth Company® Reports Fourth Quarter and Full Year 2015 Results

Fourth Quarter Total Receivable Balances Purchased of $224.2 million & Closed Mortgage Loans of $490.3 million

Actions Implemented To Reduce Annual Operating Costs by $25 to $30 million

RADNOR, Pa.—(BUSINESS WIRE) - March 8, 2016 The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (NYSE: JGW), a diversified financial services company, today reports financial results for the fourth quarter and full year 2015. “Although we made significant advances in diversifying the company, the fourth quarter results were disappointing. We doubled our efforts to reduce costs and realign the Structured Settlements Payments business, while positioning Home Lending for growth. The actions taken should yield improvement to the Structured Settlement Payments business, and Home Lending is scaling in line with our expectations. Certain business indicators confirm that we are making progress, including an already achieved run rate cost savings of $20 million to be recognized in 2016,” said Stewart A. Stockdale, Chief Executive Officer, The J.G. Wentworth Company®.

The following are highlights from the fourth quarter and full year results:

GAAP Fourth Quarter 2015 Results:

• Consolidated Revenues were $84.3 million, a decrease of $43.0 million from the $127.3 million reported in the fourth quarter 2014. The decrease was due to a $57.6 million decline in the Structured Settlements & Annuity Purchasing segment’s (“Structured Settlements”) revenue that was primarily the result of a decline in unrealized gains on VIE and other finance receivables, long-term debt and derivatives. The decline was partially offset by $14.7 million in revenue generated by the Home Lending segment (“Home Lending”) that was acquired on July 31, 2015.

◦ The Company had $4.4 billion in VIE and other finance receivables, at fair value and $3.9 billion in VIE long-term debt issued by securitization and permanent financing trusts, at fair value as of December 31, 2015.

• Consolidated Net Loss was $107.4 million compared to Consolidated Net Income of $27.7 million in the fourth quarter 2014. The $135.1 million unfavorable change was principally due to a $145.9 million decline in Structured Settlement's pre-tax income due to: (i) a $57.6 million decline in revenue and (ii) a $91.7 million non-cash impairment charge in the fourth quarter of 2015 to write-down goodwill and intangible assets related to a prior year acquisition to their respective fair values. Partially offsetting the decline in Structured Settlement's pre-tax income was a $10.4 million favorable change in our consolidated provision (benefit) for income taxes.

Adjusted Non-GAAP* Fourth Quarter 2015 Results:

• Consolidated Adjusted Total Revenues* were $52.2 million, a decrease of $11.6 million from $63.8 million in the fourth quarter 2014. The decrease was primarily due to a $26.2 million decline in Structured Settlement's Adjusted Total Revenues* that was attributable to a $26.8 million decline in Spread Revenue* (i.e., Adjusted realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives, net of the gain (loss) on swap terminations) resulting from a decrease in Total Receivable Balances (“TRB”) purchases and a combination of changes in cost of funds and purchase yields. The $26.8 million decline in Spread Revenue* was comprised of a $31.8 million decline in Adjusted unrealized gains* partially offset by a $5.0 million increase in Adjusted realized gains*. Partially offsetting the decline in Structured Settlement's Adjusted Total Revenues* was $14.7 million in revenue generated by Home Lending.

▪ Structured Settlement's TRB purchases were $224.2 million in the fourth quarter of 2015, a $42.0 million decrease from TRB purchases of $266.2 million in the fourth quarter of 2014.

▪ Home Lending achieved mortgage lock volume of $705.2 million and closed loan volume of $490.3 million in the fourth quarter of 2015.

• Consolidated Adjusted Net Income (“ANI”)* was a loss of $10.5 million compared to ANI* of $9.1 million in the fourth quarter 2014. The $19.6 million unfavorable change was due to a $19.6 million decline in Structured Settlement's ANI* that was principally the result of the $26.8 million decline in Spread Revenue*.

▪ Consolidated Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”* was $3.0 million for the fourth quarter of 2015 compared to $23.0 million for the fourth quarter of 2014.

Exhibit 99.1

GAAP Full Year 2015 Results:

• Consolidated Revenues were $296.4 million, a decrease of $198.0 million from the $494.4 million for the full year 2014. The decrease was primarily due to a $224.7 million decline in Structured Settlement's revenue partially offset by $26.7 million in revenue generated by Home Lending. The decline in Structured Settlement's revenue was primarily due to a decline in unrealized gains on VIE and other finance receivables, long-term debt and derivatives that was principally the result of: (i) an unfavorable movement in the fair value interest rate used to value residual interest cash flows and (ii) a combination of changes in cost of funds and purchase yields.

• Consolidated Net Loss was $197.1 million, compared to Consolidated Net Income of $96.6 million for the full year 2014. The $293.7 million unfavorable change was principally due to a $335.1 million decline in Structured Settlement's pre-tax income due to: (i) a $224.7 million decline in revenues and (ii) $121.6 million in non-cash impairment charges in 2015 to write-down goodwill and intangible assets to their respective fair values. Partially offsetting the decline in Structured Settlement's pre-tax income was $2.0 million in pre-tax income generated by Home Lending from the date of acquisition and a $39.4 million favorable change in the consolidated provision (benefit) for income taxes.

Adjusted Non-GAAP* Full Year 2015 Results:

• Consolidated Adjusted Total Revenues* were $230.2 million, a decrease of $28.8 million from the $259.0 million in 2014. The decrease was due primarily to a $57.1 million decline in Structured Settlement's Spread Revenue* that was attributable to a decline in TRB purchases and a combination of changes in cost of funds and purchase yields. Partially offsetting this decrease was $26.7 million in revenue generated by Home Lending.

▪ Structured Settlement’s TRB purchases were $987.6 million in 2015, a $90.2 million decrease from TRB purchases of $1,077.8 million for the full year of 2014.

▪ Home Lending had mortgage lock volume of $1,290.6 million and closed loan volume of $843.2 million in 2015 from the July 31, 2015 acquisition date.

• Consolidated ANI* was $0.6 million compared to Consolidated ANI* of $43.6 million for the full-year 2014. The $43.0 million decline was due to a $45.0 million decline in Structured Settlement's ANI* that was principally the result of the $56.7 million decrease in Spread Revenue* partially offset by an $8.5 million decline in advertising expense and a $1.9 million decline in debt issuance costs. Home Lending generated $2.0 million in ANI* from the date we acquired the business line.

▪ Consolidated Adjusted EBITDA* was $52.3 million for the full year 2015 compared to $96.7 million for the full year 2014.

Scott Stevens, J.G. Wentworth’s Chief Financial Officer, said, “We have implemented aggressive actions across the operations to support revenue growth and improve the profitability of the enterprise. Despite volatile market conditions, we continue to access the capital market allowing us to generate cash and diversify our funding sources.”

Operating Highlights

• For the year ended December 31, 2015, the Company generated Adjusted EBITDA* of $52.3 million and as of December 31, 2015 had cash of $57.3 million.

• The following actions have been implemented to improve the Structured Settlements segment:

• Transitioned to a more cost effective digital marketing strategy;

• Improved operating efficiency and productivity through a strategic reorganization that specializes operations around key disciplines: lead management, contact center, payment purchasing, and overall transactional process;

• Increased the expense reduction plan from the initial $12 - $15 million objective that was conveyed in conjunction with our third quarter earnings release to a target of $25 - $30 million in 2016; and

• Severance payments of $1- $1.5 million are planned for actions taken in 2016.

• Implementing initiatives to profitably grow Home Lending, including the addition of a direct-to-consumer channel.

• Continue to maintain adequate liquidity through a keen focus on cash management, tightly managing expenses and diversifying the funding platforms.

Exhibit 99.1

* This earnings press release contains non-GAAP measures, which as calculated by the Company are not necessarily comparable to similarly titled measures reported by other companies. Results for the three and twelve month periods ended December 31, 2015 and 2014, as well as our reconciliation of non-GAAP measures and historic financial information from 2014 to the present, are included in the accompanying financial information.

About The J.G. Wentworth Company®

The J.G. Wentworth Company is a diversified financial services company that specializes in providing solutions to consumers in need of cash. Our direct-to-consumer businesses use the internet, television, direct mailing, and other channels to offer a variety of solutions including structured settlement payment purchasing, mortgage origination (both purchase and refinancing), prepaid cards, and access to personal lending. We warehouse, securitize, sell or otherwise finance the financial assets that we purchase in transactions that are structured to ultimately generate cash proceeds to us that exceed the purchase price we paid for those assets. For more information about The J.G. Wentworth Company, visit www.jgw.com or use the contact information provided below.

Conference Call and Webcast

Management will host a webcast to discuss the fourth quarter and fiscal year 2015 financial results today, March 8, 2016, at 10:00 AM Eastern time. The webcast will include remarks from J.G. Wentworth’s Chief Executive Officer, Stewart Stockdale, and Executive Vice President & Chief Financial Officer, Scott Stevens.

This call will be accompanied by a presentation and will be available via a webcast of the conference call live on the Investor Relations section of the Company’s website listed below.

The J.G. Wentworth Company® Fourth Quarter and Fiscal Year 2015 Webcast.

Interested parties unable to access the conference call and view the presentation via the webcast through this link: The J.G. Wentworth Company® Fourth Quarter and Fiscal Year 2015 Webcast, may dial the Participant conference number: (877) 201-0168,Conference ID: 24125258.

A playback will be available through Tuesday, March 15th, 2016.To participate, utilize the dial-in information listed below:

Playback conference number: (855) 859-2056, Conference ID: 24125258.The presentation will be posted to the Company’s website after the call.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as ‘‘plans,’’ ‘‘expects’’ or ‘‘does expect,’’ ‘‘budget,’’ ‘‘forecasts,’’ ‘‘anticipates’’ or ‘‘does not anticipate,’’ ‘‘believes,’’ ‘‘intends,’’ and similar expressions or statements that certain actions, events or results ‘‘may,’’ ‘‘could,’’ ‘‘would,’’ ‘‘might,’’ or ‘‘will,’’ be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.

A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause our actual results, performance and opportunities in future periods to differ materially from those expressed or implied by such forward-looking statements.  Consideration should also be given to the areas of risk set forth under the heading “Risk Factors” in our filings with the Securities and Exchange Commission, and as set forth more fully under “Part 1, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015, these risks and uncertainties include, among other things:  our ability to execute on our business strategy; our ability to successfully compete in the industries in which we operate; our dependence on the effectiveness of direct response marketing; our ability to retain and attract qualified senior management; any improper use of or failure to protect the personally identifiable information of past, current and prospective customers to which we have access; our ability to upgrade and integrate our operational and financial information systems, maintain uninterrupted access to such systems and adapt to technological changes in the industries in which we operate; our dependence on third parties, including our ability to maintain relationships with such third parties and our potential exposure to liability for the actions of such third parties; damage to our reputation and increased regulation of our industries which

Exhibit 99.1

could result from unfavorable press reports about our business model; the accuracy of the estimates and assumptions of our financial models; infringement of our trademarks or service marks; our ability to maintain our state licenses or obtain new licenses in new markets; changes in, and our ability to comply with, federal, state and local laws and regulations governing us; our business model being susceptible to litigation; our ability to continue to purchase structured settlement payments and other financial assets; the public disclosure of the identities of structured settlement holders maintained in our proprietary database; our dependence on the opinions of certain credit rating agencies of the credit quality of our securitizations; our ability to complete future securitizations or other financings on favorable terms; the insolvency of a material number of structured settlement issuers; adverse changes in the residential mortgage lending and real estate markets, including any increases in defaults or delinquencies, especially in geographic areas where our loans are concentrated; our ability to grow our loan origination volume, acquire MSRs and recapture loans that are refinanced; changes in the guidelines of government-sponsored entities, or GSEs, or any discontinuation of, or significant reduction in, the operation of GSEs; potential misrepresentations by borrowers, counterparties and other third-parties; changes in prevailing interest rates and our ability to mitigate interest rate risk through hedging strategies; our ability to obtain sufficient working capital at attractive rates; and our ability to remain in compliance with the terms of our substantial indebtedness.

Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to publicly revise any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.

Contacts:

The J.G. Wentworth Company®

Erik Hartwell, VP, Investor Relations

866-386-3853

investor@jgwentworth.com

or

Media Inquiries

The Glover Park Group

Ray Conger, 202-292-6961

rconger@gpg.com

Schedule A

The J.G. Wentworth Company

Consolidated Balance Sheets- Unaudited

(Dollars in thousands, except per share data)

	December 31, 2015			December 31, 2014
ASSETS
Cash and cash equivalents	$	57,322		$	41,648
Restricted cash and investments	136,780			198,206
VIE finance receivables, at fair value	4,376,458			4,422,033
Other finance receivables, at fair value	9,689			101,802
VIE finance receivables, net of allowances for losses of $8,659 and $7,674, respectively	99,874			113,489
Other finance receivables, net of allowances for losses of $1,707 and $2,454, respectively	10,468			17,803
Other receivables, net of allowances for losses of $273 and $204, respectively	16,285			14,165
Mortgage loans held for sale, at fair value	124,508			—
Mortgage servicing rights, at fair value	29,287			—
Premises and equipment, net of accumulated depreciation of $7,961 and $5,976, respectively	5,674			3,758
Intangible assets, net of accumulated amortization of $22,521 and $20,273, respectively	30,429			45,436
Goodwill	8,369			84,993
Marketable securities	84,994			103,419
Deferred tax assets, net	2,250			2,170
Other assets	82,577			33,787
Total Assets	$	5,074,964		$	5,182,709
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accrued expenses and accounts payable	$	21,548		$	19,256
Accrued interest	22,380			17,416
Term loan payable	440,181			437,183
VIE derivative liabilities, at fair value	66,519			75,706
VIE borrowings under revolving credit facilities and other similar borrowings	48,828			19,339
Other borrowings under revolving credit facilities and other similar borrowings	122,243			—
VIE long-term debt	199,363			181,558
VIE long-term debt issued by securitization and permanent financing trusts, at fair value	3,928,818			4,031,864
Other liabilities	65,106			6,677
Deferred tax liabilities, net	18,825			36,656
Installment obligations payable	84,994			103,419
Total Liabilities	5,018,805			4,929,074
Class A common stock, par value $0.00001 per share; 500,000,000 shares authorized, 16,076,444 and 15,534,372 issued and outstanding as of December 31, 2015, respectively, 15,021,147 and 14,420,392 issued and outstanding as of December 31, 2014, respectively	—			—
Class B common stock, par value $0.00001 per share; 500,000,000 shares authorized, 8,908,698 issued and outstanding as of December 31, 2015, 9,963,750 issued and outstanding as of December 31, 2014, respectively	—			—
Class C common stock, par value $0.00001 per share; 500,000,000 shares authorized, 0 issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	—			—
Additional paid-in-capital	104,713			95,453
(Accumulated deficit) retained earnings	(70,765		)	25,634
	33,948			121,087
Less: treasury stock at cost, 542,072 and 600,755 shares as of December 31, 2015 and 2014, respectively	(2,138		)	(2,443		)
Total stockholders’ equity, The J.G. Wentworth Company	31,810			118,644
Non-controlling interests	24,349			134,991
Total Stockholders’ Equity	56,159			253,635
Total Liabilities and Stockholders’ Equity	$	5,074,964		$	5,182,709

Schedule B

The J.G. Wentworth Company

Consolidated Statements of Operations - Unaudited

(Dollars in thousands, except per share data)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2015			2014			2015			2014
REVENUES
Interest income	$	50,074		$	47,854		$	190,203		$	186,958
Realized and unrealized gains on VIE and other finance receivables, long-term debt, and derivatives	17,061			79,343			79,620			300,702
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	9,645			—			18,590			—
Changes in mortgage servicing rights, net	1,101						1,649
Gain (loss) on swap terminations, net	85			—			(190		)	(628		)
Servicing, broker, and other fees	3,526			928			8,016			4,149
Loan origination fees	1,511			—			2,543			—
Realized and unrealized gains (losses) on marketable securities, net	1,316			(853		)	(4,641		)	888
Realized gain on notes receivable, at fair value	—			—			—			2,098
Gain on extinguishment of debt, net	—			—			593			270
Other	(3		)	2			(16		)	(61		)
Total Revenues	84,316			127,274			296,367			494,376
EXPENSES
Advertising	14,092			16,148			63,820			68,489
Interest expense	54,036			50,055			208,545			200,798
Compensation and benefits	16,233			10,243			52,656			41,108
General and administrative	6,377			4,626			21,057			18,567
Professional and consulting	5,644			4,970			21,486			18,452
Debt issuance	1,649			2,727			6,741			8,683
Securitization debt maintenance	1,459			1,489			5,912			6,161
Provision for losses	965			1,533			5,576			4,806
Direct subservicing costs	612			—			948			—
Depreciation and amortization	1,652			1,005			4,613			4,168
Installment obligations expense (income), net	3,076			1,755			(1,225		)	5,322
Impairment charges and loss on disposal of assets	91,734			69			121,594			69
Total Expenses	197,529			94,620			511,723			376,623
(Loss) income before income taxes	(113,213		)	32,654			(215,356		)	117,753
(Benefit) provision for income taxes	(5,793		)	4,971			(18,216		)	21,140
Net (loss) income	(107,420		)	27,683			(197,140		)	96,613
Less: Net (loss) income attributable to non-controlling interests	(52,446		)	15,854			(101,828		)	65,402
Net (loss) income attributable to The J.G. Wentworth Company	$	(54,974	)	$	11,829		$	(95,312	)	$	31,211
Weighted average shares of Class A common stock outstanding:
Basic	15,443,362			14,636,520			14,690,746			12,986,058
Diluted	15,443,362			14,640,860			14,690,746			12,988,781
Net (loss) income per share attributable to stockholders of Class A common stock of The J.G. Wentworth Company
Basic	$	(3.56	)	$	0.81		$	(6.49	)	$	2.40
Diluted	$	(3.56	)	$	0.81		$	(6.49	)	$	2.40

Schedule C

Unaudited

The J.G. Wentworth Company

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA and other Non-GAAP Measures Used in this Release and the Related Presentation

We use the Non-GAAP financial measures of Adjusted (Loss) Net Income (“ANI”) and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) as measures of our results from operations. We define ANI as our net (loss) income under U.S. GAAP before non-cash compensation expenses, certain other expenses, provision for or benefit from income taxes, and for our Structured Settlement and Annuity Purchasing ("Structured Settlements") segment, amounts related to the consolidation of the securitization and permanent financing trusts we use to finance the segment’s business. We define Adjusted EBTIDA as ANI before term loan interest expense, debt issuance costs and depreciation and amortization. The Company believes ANI and Adjusted EBTIDA are useful to investors and management as measures of our operating performance, as the operations of the associated variable interest entities do not impact the Structured Settlements segment's performance. In addition, the add-backs described above are consistent with adjustments permitted under our term loan agreement.

We also use the non-GAAP measures of Total Adjusted Revenue and adjusted unrealized gains on VIE and other finance receivables, long term debt and derivatives, net of the loss on swap termination, net (“Spread Revenue”), as measures of our revenues, which we define as those measures under U.S. GAAP before the amounts related to the consolidation of the securitization and permanent financing trusts we use to finance our Structured Settlements business. We use these measures to measure our revenues because we believe they represent useful measures of our revenues, as the operations of these variable interest entities also do not impact business performance.

You should not consider Adjusted Net (Loss) Income, Adjusted EBITDA, Total Adjusted Revenue, or Spread Revenue in isolation or as a substitute for analysis of our results as reported under U.S. GAAP. Because not all companies use identical calculations, our presentation of Adjusted Net (Loss) Income, Adjusted EBITDA, Total Adjusted Revenue and Spread Revenue may not be comparable to other similarly titled measures of other companies.

A reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA, which includes line items for Total Adjusted Revenue and Spread Revenue for the three and twelve months ended December 31, 2015 and 2014 is provided below.  Certain prior period numbers have been reclassified to conform with current period's presentation.

Schedule C

The J.G. Wentworth Company

Consolidated

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA - Unaudited

(In thousands)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2015			2014			2015			2014
Net (loss) income	$	(107,420	)	$	27,683		$	(197,140	)	$	96,613
Adjustments to reflect deconsolidation of securitizations:
Elimination of unrealized gain/loss on finance receivables, long-term debt and derivatives from post securitization due to changes in interest rates	8,548			(25,306		)	75,802			(84,955		)
Elimination of interest income from securitized finance receivables permanent financing trusts	(44,714		)	(41,356		)	(171,773		)	(166,888		)
Interest income on retained interests in finance receivables	5,783			5,177			21,652			20,315
Servicing income on securitized finance receivables	1,317			1,306			5,284			5,129
Elimination of interest expense on long-term debt related to securitization and permanent financing trusts	37,800			35,247			147,723			142,907
Professional fees relating to securitizations	1,459			1,489			5,913			6,161
Other adjustments:
Share based compensation	(98		)	653			1,291			2,384
Income tax (benefit) provision	(5,793		)	4,971			(18,216		)	21,140
Impact of 2014-3 prefunding on unsecuritized finance receivables	24			(1,566		)	1,618			(1,566		)
Severance, mergers and acquisitions, and consulting expenses	813			765			6,041			3,736
Impairment charges and loss on disposal of assets	91,734			—			121,594			—
Other adjustments	25			18			817			(1,383		)
Adjusted Net (Loss) Income	$	(10,522	)	$	9,081		$	606		$	43,593
Term loan interest expense	10,193			10,209			40,386			40,281
Debt issuance	1,649			2,727			6,741			8,683
Depreciation & amortization	1,652			1,005			4,613			4,168
Adjusted EBITDA	$	2,972		$	23,022		$	52,346		$	96,725

Schedule D

The J.G. Wentworth Company

Consolidated

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA - Unaudited

For the Three Months Ended December 31, 2015

(In thousands)

	GAAP Results			Deconsolidation of securitizations			Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Impairment Charges			Reclassification for Installment Obligation Payable			ANI			Term Loan Interest Expense			Debt Issuance Costs			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	50,074		$	(44,714	)	$	—	$	5,783	$	—		$	—		$	—		$	—		$	(1,760	)	$	9,383		$	—		$	—		$	—		$	9,383
Realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives	17,061			8,548			24																			25,633												25,633
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	9,645																									9,645												9,645
Changes in mortgage servicing rights, net	1,101																									1,101												1,101
Gain on swap terminations, net	85																									85												85
Servicing, broker, and other fees	3,526			1,317																						4,843												4,843
Loan origination fees	1,511																									1,511												1,511
Realized and unrealized gains on marketable securities, net	1,316																						(1,316		)	—												—
Other	(3		)																							(3		)										(3		)
Total Revenues	$	84,316		$	(34,849	)	$	24	$	5,783	$	—		$	—		$	—		$	—		$	(3,076	)	$	52,198		$	—		$	—		$	—		$	52,198
EXPENSES
Advertising	$	14,092																								$	14,092											$	14,092
Interest expense	54,036			(37,800		)																				16,236			(10,193		)							6,043
Compensation and benefits	16,233										98															16,331												16,331
General and administrative	6,377																(5		)							6,372												6,372
Professional and consulting	5,644																(808		)							4,836												4,836
Debt issuance	1,649																									1,649						(1,649		)				—
Securitization debt maintenance	1,459			(1,459		)																				—												—
Provision for losses	965			(25		)																				940												940
Direct subservicing costs	612																									612												612
Depreciation and amortization	1,652																									1,652									(1,652		)	—
Installment obligations expense, net	3,076																						(3,076		)	—												—
Impairment charges and loss on disposal of assets	91,734																			(91,734		)				—												—
Total Expenses	$	197,529		$	(39,284	)	$	—	$	—	$	98		$	—		$	(813	)	$	(91,734	)	$	(3,076	)	$	62,720		$	(10,193	)	$	(1,649	)	$	(1,652	)	$	49,226
(Loss) Income before income taxes	$	(113,213	)	$	4,435		$	24	$	5,783	$	(98	)	$	—		$	813		$	91,734		$	—		$	(10,522	)	$	10,193		$	1,649		$	1,652		$	2,972
(Benefit) Provision for income taxes	(5,793		)											5,793												—												—
Net (Loss) Income	$	(107,420	)	$	4,435		$	24	$	5,783	$	(98	)	$	(5,793	)	$	813		$	91,734		$	—		$	(10,522	)	$	10,193		$	1,649		$	1,652		$	2,972

Schedule E

The J.G. Wentworth Company

Structured Settlement and Annuity Purchasing Segment

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA - Unaudited

For the Three Months Ended December 31, 2015

(In thousands)

	GAAP Results			Deconsolidation of securitizations			Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Impairment Charges			Reclassification for Installment Obligation Payable			ANI			Term Loan Interest Expense			Debt Issuance Costs			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	49,641		$	(44,714	)	$	—	$	5,783	$	—		$	—		$	—		$	—		$	(1,760	)	$	8,950		$	—		$	—		$	—		$	8,950
Realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives	17,061			8,548			24																			25,633												25,633
Gain on swap terminations, net	85																									85												85
Servicing, broker, and other fees	1,566			1,317																						2,883												2,883
Loan origination fees																										—												—
Realized and unrealized gains on marketable securities, net	1,316																						(1,316		)	—												—
Other	(3		)																							(3		)										(3		)
Total Revenues	$	69,666		$	(34,849	)	$	24	$	5,783	$	—		$	—		$	—		$	—		$	(3,076	)	$	37,548		$	—		$	—		$	—		$	37,548
EXPENSES
Advertising	$	12,162																								$	12,162											$	12,162
Interest expense	53,124			(37,800		)																				15,324			(10,193		)							5,131
Compensation and benefits	8,092										98															8,190												8,190
General and administrative	4,976																(5		)							4,971												4,971
Professional and consulting	5,310																(808		)							4,502												4,502
Debt issuance	1,649																									1,649						(1,649		)				—
Securitization debt maintenance	1,459			(1,459		)																				—												—
Provision for losses	377			(25		)																				352												352
Depreciation and amortization	961																									961									(961		)	—
Installment obligations expense, net	3,076																						(3,076		)	—												—
Impairment charges and loss on disposal of assets	91,734																			(91,734		)				—												—
Total Expenses	$	182,920		$	(39,284	)	$	—	$	—	$	98		$	—		$	(813	)	$	(91,734	)	$	(3,076	)	$	48,111		$	(10,193	)	$	(1,649	)	$	(961	)	$	35,308
(Loss) Income before income taxes	$	(113,254	)	$	4,435		$	24	$	5,783	$	(98	)	$	—		$	813		$	91,734		$	—		$	(10,563	)	$	10,193		$	1,649		$	961		$	2,240
(Benefit) Provision for income taxes	(5,465		)											5,465												—												—
Net (Loss) Income	$	(107,789	)	$	4,435		$	24	$	5,783	$	(98	)	$	(5,465	)	$	813		$	91,734		$	—		$	(10,563	)	$	10,193		$	1,649		$	961		$	2,240

Schedule F

The J.G. Wentworth Company

Home Lending Segment

Reconciliation of Net Income to Adjusted Net Income and Adjusted EBITDA - Unaudited

For the Three Months Ended December 31, 2015

(In thousands)

	GAAP Results			Deconsolidation of securitizations		Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation		Income Tax			Severance M&A and Consulting		Impairment Charges		Reclassification for Installment Obligation Payable		ANI		Term Loan Interest Expense		Debt Issuance Costs		Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	433		$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	433	$	—	$	—	$	—		$	433
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	9,645																				9,645									9,645
Changes in mortgage servicing rights, net	1,101																				1,101									1,101
Servicing, broker, and other fees	1,960			—																	1,960									1,960
Loan origination fees	1,511																				1,511									1,511
Total Revenues	$	14,650		$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	14,650	$	—	$	—	$	—		$	14,650
EXPENSES
Advertising	$	1,930																			$	1,930								$	1,930
Interest expense	912																				912									912
Compensation and benefits	8,141																				8,141									8,141
General and administrative	1,401																				1,401									1,401
Professional and consulting	334																				334									334
Provision for losses	588																				588									588
Direct subservicing costs	612																				612									612
Depreciation and amortization	691																				691						(691		)	—
Total Expenses	$	14,609		$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	14,609	$	—	$	—	$	(691	)	$	13,918
Income before income taxes	$	41		$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	41	$	—	$	—	$	691		$	732
(Benefit) Provision for income taxes	(328		)									328									—									—
Net Income	$	369		$	—	$	—	$	—	$	—	$	(328	)	$	—	$	—	$	—	$	41	$	—	$	—	$	691		$	732

Schedule G

The J.G. Wentworth Company

Consolidated

Reconciliation of Net Income to Adjusted Net Income and Adjusted EBITDA - Unaudited

For the Three Months Ended December 31, 2014

(In thousands)

	GAAP Results			Adjustments to reflect deconsolidation of securitizations			Impact of Prefunding on Unsecuritized Finance Receivables			Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Reclassification Associated with Installment Obligation Payable			Other Adjustments			ANI		Interest Expense			Debt Issuance Cost			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	47,854		$	(41,356	)	$	—		$	5,177	$	—		$	—		$	—		$	(2,608	)	$	—		$	9,067	$	—		$	—		$	—		$	9,067
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	79,343			(25,306		)	(1,566		)																		52,471											52,471
Servicing, broker, and other fees	928			1,306																							2,234											2,234
Realized and unrealized losses on marketable securities, net	(853		)																		853						—											—
Other	2																										2											2
Total Revenues	$	127,274		$	(65,356	)	$	(1,566	)	$	5,177	$	—		$	—		$	—		$	(1,755	)	$	—		$	63,774	$	—		$	—		$	—		$	63,774
EXPENSES
Advertising	$	16,148																									$	16,148										$	16,148
Interest expense	50,055			(35,247		)																					14,808		(10,209		)							4,599
Compensation and benefits	10,243											(653		)				(62		)							9,528											9,528
General and administrative	4,626																							(18		)	4,608											4,608
Professional and consulting	4,970																	(703		)							4,267											4,267
Debt issuance	2,727																										2,727					(2,727		)				—
Securitization debt maintenance	1,489			(1,489		)																					—											—
Provision for losses	1,533																										1,533											1,533
Depreciation and amortization	1,005																										1,005								(1,005		)	—
Installment obligations expense, net	1,755																				(1,755		)				—											—
Impairment charges and loss on disposal of assets	69																										69											69
Total Expenses	$	94,620		$	(36,736	)	$	—		$	—	$	(653	)	$	—		$	(765	)	$	(1,755	)	$	(18	)	$	54,693	$	(10,209	)	$	(2,727	)	$	(1,005	)	$	40,752
Income before income taxes	$	32,654		$	(28,620	)	$	(1,566	)	$	5,177	$	653					$	765		$	—		$	18		$	9,081	$	10,209		$	2,727		$	1,005		$	23,022
Provision for income taxes	4,971														(4,971		)										—											—
Net Income	$	27,683		$	(28,620	)	$	(1,566	)	$	5,177	$	653		$	4,971		$	765		$	—		$	18		$	9,081	$	10,209		$	2,727		$	1,005		$	23,022

Schedule H

The J.G. Wentworth Company

Consolidated

Reconciliation of Net (Loss) Income to Adjusted Net Income and Adjusted EBITDA - Unaudited

For the Twelve Months Ended December 31, 2015

(In thousands)

	GAAP Results			Adjustments to reflect deconsolidation of securitizations			Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Impairment Charges			Reclassification Associated with Installment Obligation Payable			Other Adjustments			ANI			Interest Expense			Debt Issuance Cost			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	190,203		$	(171,773	)	$	—	$	21,652	$	—		$	—		$	—		$	—		$	(3,416	)	$	—		$	36,666		$	—		$	—		$	—		$	36,666
Realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives	79,620			75,802			1,618																						157,040												157,040
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	18,590																												18,590												18,590
Changes in mortgage servicing rights, net	1,649																												1,649												1,649
Loss on swap terminations, net	(190		)																										(190		)										(190		)
Servicing, broker, and other fees	8,016			5,284																									13,300												13,300
Loan origination fees	2,543																												2,543												2,543
Realized and unrealized losses on marketable securities, net	(4,641		)																				4,641						—												—
Gain on extinguishment of debt, net	593																												593												593
Other	(16		)																										(16		)										(16		)
Total Revenues	$	296,367		$	(90,687	)	$	1,618	$	21,652	$	—		$	—		$	—		$	—		$	1,225		$	—		$	230,175		$	—		$	—		$	—		$	230,175
EXPENSES
Advertising	$	63,820																											$	63,820											$	63,820
Interest expense	208,545			(147,723		)																							60,822			(40,386		)							20,436
Compensation and benefits	52,656										(1,291		)				(2,272		)										49,093												49,093
General and administrative	21,057																(23		)										21,034												21,034
Professional and consulting	21,486																(3,746		)							(792		)	16,948												16,948
Debt issuance	6,741																												6,741						(6,741		)				—
Securitization debt maintenance	5,912			(5,913		)																							(1		)										(1		)
Provision for losses	5,576			(25		)																							5,551												5,551
Direct subservicing costs	948																												948												948
Depreciation and amortization	4,613																												4,613									(4,613		)	—
Installment obligations (income), net	(1,225		)																				1,225						—												—
Impairment charges and loss on disposal of assets	121,594																			(121,594		)							—												—
Total Expenses	$	511,723		$	(153,661	)	$	—	$	—	$	(1,291	)	$	—		$	(6,041	)	$	(121,594	)	$	1,225		$	(792	)	$	229,569		$	(40,386	)	$	(6,741	)	$	(4,613	)	$	177,829
(Loss) Income before income taxes	$	(215,356	)	$	62,974		$	1,618	$	21,652	$	1,291					$	6,041		$	121,594					$	792		$	606		$	40,386		$	6,741		$	4,613		$	52,346
(Benefit) Provision for income taxes	(18,216		)											18,216															—												—
Net (Loss) Income	$	(197,140	)	$	62,974		$	1,618	$	21,652	$	1,291		$	(18,216	)	$	6,041		$	121,594		$	—		$	792		$	606		$	40,386		$	6,741		$	4,613		$	52,346

Schedule I

The J.G. Wentworth Company

Structured Settlement and Annuity Purchasing Segment

Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income and Adjusted EBITDA - Unaudited

For the Twelve Months Ended December 31, 2015

(In thousands)

	GAAP Results			Adjustments to reflect deconsolidation of securitizations			Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Impairment Charges			Reclassification Associated with Installment Obligation Payable			Other Adjustments			ANI			Interest Expense			Debt Issuance Cost			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	189,394		$	(171,773	)	$	—	$	21,652	$	—		$	—		$	—		$	—		$	(3,416	)	$	—		$	35,857		$	—		$	—		$	—		$	35,857
Realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives	79,620			75,802			1,618																						157,040												157,040
Loss on swap terminations, net	(190		)																										(190		)										(190		)
Servicing, broker, and other fees	4,875			5,284																									10,159												10,159
Realized and unrealized losses on marketable securities, net	(4,641		)																				4,641						—												—
Gain on extinguishment of debt, net	593																												593												593
Other	(16		)																										(16		)										(16		)
Total Revenues	$	269,635		$	(90,687	)	$	1,618	$	21,652	$	—		$	—		$	—		$	—		$	1,225		$	—		$	203,443		$	—		$	—		$	—		$	203,443
EXPENSES
Advertising	$	59,961																											$	59,961											$	59,961
Interest expense	207,099			(147,723		)																							59,376			(40,386		)							18,990
Compensation and benefits	38,997										(1,291		)				(2,272		)										35,434												35,434
General and administrative	18,679																(23		)										18,656												18,656
Professional and consulting	20,801																(3,746		)							(792		)	16,263												16,263
Debt issuance	6,741																												6,741						(6,741		)				—
Securitization debt maintenance	5,912			(5,913		)																							(1		)										(1		)
Provision for losses	4,546			(25		)																							4,521												4,521
Depreciation and amortization	3,878																												3,878									(3,878		)	—
Installment obligations (income), net	(1,225		)																				1,225						—												—
Impairment charges and loss on disposal of assets	121,594																			(121,594		)							—												—
Total Expenses	$	486,983		$	(153,661	)	$	—	$	—	$	(1,291	)	$	—		$	(6,041	)	$	(121,594	)	$	1,225		$	(792	)	$	204,829		$	(40,386	)	$	(6,741	)	$	(3,878	)	$	153,824
(Loss) Income before income taxes	$	(217,348	)	$	62,974		$	1,618	$	21,652	$	1,291		$	—		$	6,041		$	121,594		$	—		$	792		$	(1,386	)	$	40,386		$	6,741		$	3,878		$	49,619
(Benefit) Provision for income taxes	(18,614		)											18,614															—												—
Net (Loss) Income	$	(198,734	)	$	62,974		$	1,618	$	21,652	$	1,291		$	(18,614	)	$	6,041		$	121,594		$	—		$	792		$	(1,386	)	$	40,386		$	6,741		$	3,878		$	49,619

Schedule J

The J.G. Wentworth Company

Home Lending Segment

Reconciliation of Net Income to Adjusted Net Income and Adjusted EBITDA - Unaudited

For the Twelve Months Ended December 31, 2015

(In thousands)

	GAAP Results		Adjustments to reflect deconsolidation of securitizations		Impact of Prefunding on Unsecuritized Finance Receivables		Interest Income on Retained Interests		Share Based Compensation		Income Tax			Severance M&A and Consulting		Impairment Charges		Reclassification Associated with Installment Obligation Payable		ANI		Interest Expense		Debt Issuance Cost		Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	809	$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	809	$	—	$	—	$	—		$	809
Realized and unrealized gains on sale of mortgage loans held for sale, net of direct costs	18,590																			18,590									18,590
Changes in mortgage servicing rights, net	1,649																			1,649									1,649
Servicing, broker, and other fees	3,141																			3,141									3,141
Loan origination fees	2,543																			2,543									2,543
Total Revenues	$	26,732	$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	26,732	$	—	$	—	$	—		$	26,732
EXPENSES
Advertising	$	3,859																		$	3,859								$	3,859
Interest expense	1,446																			1,446									1,446
Compensation and benefits	13,659																			13,659									13,659
General and administrative	2,378																			2,378									2,378
Professional and consulting	685																			685									685
Provision for losses	1,030																			1,030									1,030
Direct subservicing costs	948																			948									948
Depreciation and amortization	735																			735						(735		)	—
Total Expenses	$	24,740	$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	24,740	$	—	$	—	$	(735	)	$	24,005
Income before income taxes	$	1,992	$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	1,992	$	—	$	—	$	735		$	2,727
Provision for income taxes	398										(398		)							—									—
Net Income	$	1,594	$	—	$	—	$	—	$	—	$	398		$	—	$	—	$	—	$	1,992	$	—	$	—	$	735		$	2,727

Schedule K

The J.G. Wentworth Company

Consolidated

Reconciliation of Net Income to Adjusted Net Income and Adjusted EBITDA - Unaudited

For the Twelve Months Ended December 31, 2014

(In thousands)

	GAAP Results			Adjustments to reflect deconsolidation of securitizations			Impact of 2014-3 Prefunding on Unsecuritized Finance Receivables			Interest Income on Retained Interests		Share Based Compensation			Income Tax			Severance M&A and Consulting			Reclassification Associated with Installment Obligation Payable			Other Adjustments			ANI			Interest Expense			Debt Issuance Cost			Depreciation & Amortization			Adjusted EBITDA
REVENUES
Interest income	$	186,958		$	(166,888	)	$	—		$	20,315	$	—		$	—		$	—		$	(4,434	)	$	6		$	35,957		$	—		$	—		$	—		$	35,957
Realized and unrealized gains on VIE and other finance receivables, long-term debt and derivatives	300,702			(84,955		)	(1,566		)																		214,181												214,181
Loss on swap terminations, net	(628		)																								(628		)										(628		)
Servicing, broker, and other fees	4,149			5,129																							9,278												9,278
Realized and unrealized gains on marketable securities, net	888																				(888		)				—												—
Realized gain on notes receivable, at fair value	2,098																							(2,098		)	—												—
Gain on debt extinguishment	270																										270												270
Other	(61		)																								(61		)										(61		)
Total Revenues	$	494,376		$	(246,714	)	$	(1,566	)	$	20,315	$	—		$	—		$	—		$	(5,322	)	$	(2,092	)	$	258,997		—			—			—			$	258,997
EXPENSES
Advertising	$	68,489																									$	68,489											$	68,489
Interest expense	200,798			(142,907		)																					57,891			(40,281		)							17,610
Compensation and benefits	41,108											(2,384		)				(1,962		)							36,762												36,762
General and administrative	18,567																	(234		)				(18		)	18,315												18,315
Professional and consulting	18,452																	(1,540		)				(691		)	16,221												16,221
Debt issuance	8,683																										8,683						(8,683		)				—
Securitization debt maintenance	6,161			(6,161		)																					—												—
Provision for losses	4,806																										4,806												4,806
Depreciation and amortization	4,168																										4,168									(4,168		)	—
Installment obligations expense, net	5,322																				(5,322		)				—												—
Impairment charges and loss on disposal of assets	69																										69												69
Total Expenses	$	376,623		$	(149,068	)	$	—		$	—	$	(2,384	)	$	—		$	(3,736	)	$	(5,322	)	$	(709	)	$	215,404		(40,281		)	(8,683		)	(4,168		)	$	162,272
Income before income taxes	$	117,753		$	(97,646	)	$	(1,566	)	$	20,315	$	2,384		$	—		$	3,736		$	—		$	(1,383	)	$	43,593		40,281			8,683			4,168			$	96,725
Provision for income taxes	21,140														(21,140		)										—												—
Net Income	$	96,613		$	(97,646	)	$	(1,566	)	$	20,315	$	2,384		$	21,140		$	3,736		$	—		$	(1,383	)	$	43,593		40,281			8,683			4,168			$	96,725

Schedule L

The J.G. Wentworth Company

Consolidated Key Metrics Statistics

Unaudited

(In thousands, except shares and per share data)

	Three Months Ended December 31,					Twelve Months Ended December 31,
	2015			2014		2015			2014
Consolidated
Net Income (Loss)	$	(107,420	)	$	27,683	$	(197,140	)	$	96,613
Net Income (Loss) Attributable to The J.G. Wentworth Company	$	(54,974	)	$	11,829	$	(95,312	)	$	31,211
ANI	$	(10,522	)	$	9,081	$	606		$	43,593
Weighted Average Diluted Shares	15,443,362			14,640,860		14,690,746			12,988,781
All-in Shares (1)	28,742,707			29,019,913		28,422,016			29,347,498
Diluted EPS	$	(3.56	)	$	0.81	$	(6.49	)	$	2.40
ANI EPS (2)	$	(0.37	)	$	0.31	$	0.02		$	1.49
Structured Settlement and Annuity Purchasing Segment
Total Receivables Balance (TRB) Purchases
Guaranteed structured settlements, annuities and lotteries	$	200,708		$	234,084	$	879,159		$	939,050
Life contingent structured settlements and annuities	23,499			25,107		97,696			111,590
Pre-settlement fundings	—			7,021		10,763			27,155
Total TRB Purchases	$	224,207		$	266,212	$	987,618		$	1,077,795
Home Lending segment
Locked - Units	2,751			N/A		5,085			N/A
Locked - Loan Volume	$	705,189		N/A		$	1,290,587		N/A
Closed - Units	1,887			N/A		3,291			N/A
Closed - Loan Volume	$	490,285		N/A		$	843,208		N/A

(1) Represents the weighted average number of outstanding shares of Class A common stock if all Common Interests in The J.G. Wentworth Company, LLC were exchanged. Calculated as the sum of: (a) the weighted average number of Common Interests outstanding and (b) the impact of dilutive potential common shares.

(2) ANI EPS is defined as ANI / All-in Shares

N/A Not applicable