The J.G. Wentworth Company reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, total Revenues were $127.274 million against $106.556 million a year ago. Income before income taxes was $32.654 million against loss before income taxes of $4.117 million a year ago. Net income attributable to The J.G. Wentworth Company was $11.829 million or $0.81 per basic and diluted share against net loss attributable to The J.G. Wentworth Company of $5.577 million or $0.54 per basic and diluted share a year ago. Adjusted Net Income was $9.081 million against $11.164 million a year ago. Revenues increase was due to primarily to the impact of decreasing cost of funds on unrealized gains on VIE and other finance receivables, long-term debt and derivatives. Net income increased to $27.7 million, as compared to a loss of $5.4 million in the fourth quarter of 2013, due primarily to an increase in revenues, lower interest expense, and the loss on disposal/impairment of fixed assets in 2013.

For the year, total Revenues were $494.376 million against $459.563 million a year ago. Income before income taxes was $117.753 million against $64.364 million a year ago. Net income attributable to The J.G. Wentworth Company was $31.211 million or $2.40 per basic and diluted share against net loss attributable to The J.G. Wentworth Company of $5.577 million or $0.54 per basic and diluted share a year ago. Adjusted Net Income was $43.593 million against $46.614 million a year ago. Net income increased to $96.6 million, as compared to $61.8 million in 2013, primarily due to an increase in unrealized gains on VIE and other finance receivables, long-term debt and derivatives that resulted from a more favorable movement in the fair value interest rate used to value finance receivables. These increases were offset by an increase in interest expense.