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Asta Funding Inc  (ASFI)
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Asta Funding Inc's Customers Performance

ASFI

 
ASFI's Source of Revenues Asta Funding Inc's Customers have recorded a surge in their cost of revenue by 215.41 % in the 3 quarter 2019 year on year, sequentially costs of revenue were trimmed by -1.31 %, for the same period Asta Funding Inc recorded revenue increase by 58.05 % year on year, sequentially revnue fell by -0.51 %.

List of ASFI Customers




Asta Funding Inc's Customers have recorded a surge in their cost of revenue by 215.41 % in the 3 quarter 2019 year on year, sequentially costs of revenue were trimmed by -1.31 %, for the same period Asta Funding Inc recorded revenue increase by 58.05 % year on year, sequentially revnue fell by -0.51 %.

List of ASFI Customers


   
Customers Net Income grew in Q3 by Customers Net margin fell to %
39.48 % 6.65 %



Asta Funding Inc's Customers, Q3 2019 Revenue Growth By Industry
Customers in Consumer Financial Services Industry -1.2 %   
Customers in Accident & Health Insurance Industry      108.72 %
Customers in Life Insurance Industry      4.13 %
Customers in Insurance Brokerage Industry      5.22 %
Customers in Property & Casualty Insurance Industry      14 %
Customers in Money Center Banks Industry      4.26 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Asta Funding Inc's Comment on Sales, Marketing and Customers



All of the Company’s lines of business are principally conducted in the United States, with some investments overseas.
Consumer receivables


Prior to purchasing a portfolio, we perform a qualitative and quantitative analysis of the underlying receivables and calculate the purchase price which is intended to offer us an adequate return on our investment after servicing expenses. After purchasing a portfolio, we actively monitor performance and review and adjust our collection and servicing strategies accordingly.


We purchase receivables from credit grantors and others through privately negotiated direct sales, brokered transactions and auctions in which sellers of receivables seek bids from several pre-qualified debt purchasers. We fund portfolios through a combination of internally generated cash flow.
Our objective is to maximize our return on investment in acquired consumer receivable portfolios. As a result, before acquiring a portfolio, we analyze the portfolio to determine how to best maximize collections in a cost efficient manner and decide whether to use our internal servicing and collection department, third-party collection agencies, attorneys, or a combination of all three options.

When we outsource the servicing of receivables, our management typically determines the appropriate third-party collection agencies and attorneys based on the type of receivables purchased. Once a group of receivables is sent to third-party collection agencies and attorneys, our management actively monitors and reviews the third-party collection agencies’ and attorneys’ performance on an ongoing basis. Based on portfolio performance considerations, our management will either (i) move certain receivables from one third-party collection agency or attorney to another, or (ii) sell portions of the portfolio accounts. Our internal collection unit, which currently employs approximately five collection-related staff, including senior management, assists us in benchmarking our third-party collection agencies and attorneys, and provides us with greater flexibility for servicing a percentage of our consumer receivable portfolios in-house.


We have increased our focus on purchasing consumer receivables internationally from foreign banks via direct sales or auctions, similar to the domestic purchase process. We have established relationships with agencies and attorneys in our selected countries and we are committed to continue acquiring foreign consumer receivables to maximize our return on investment.

Personal injury claims
Pegasus conducts its business solely in the United States. Pegasus obtains its business from external brokers and internal sales professionals soliciting individuals with personal injury claims. Business is also obtained from the Pegasus web site and through attorneys.

Structured settlements
CBC purchases structured settlement and annuity policies through privately negotiated direct consumer purchases and brokered transactions across the United States. CBC funds the purchases primarily from cash, its line of credit and its securitized debt, issued through its BBR subsidiaries. Blue Bell Receivables I, LLC (“BBR I”), Blue Bells Receivables II, LLC (“BBR II”), Blue Bell Receivables III, LLC (“BBR III”), Blue Bell Receivables IV, LLC (“BBR IV”) and Blue Bell Receivables V, LLC (“BBR V”), collectively the “Blue Bell Entities”, are variable interest entities (“VIEs”). CBC is considered the primary beneficiary because it has the power to direct the significant activities of the VIEs via its ownership and service contract. It also has the rights to receive benefits from the collections that exceed the payments to the note holders.

Social security benefit advocacy
GAR Disability Advocates provides its disability advocacy services throughout the United States. It relies upon search engine optimization (“SEO”) to bring awareness to its intended market.


Asta Funding Inc's Comment on Sales, Marketing and Customers


All of the Company’s lines of business are principally conducted in the United States, with some investments overseas.
Consumer receivables


Prior to purchasing a portfolio, we perform a qualitative and quantitative analysis of the underlying receivables and calculate the purchase price which is intended to offer us an adequate return on our investment after servicing expenses. After purchasing a portfolio, we actively monitor performance and review and adjust our collection and servicing strategies accordingly.


We purchase receivables from credit grantors and others through privately negotiated direct sales, brokered transactions and auctions in which sellers of receivables seek bids from several pre-qualified debt purchasers. We fund portfolios through a combination of internally generated cash flow.
Our objective is to maximize our return on investment in acquired consumer receivable portfolios. As a result, before acquiring a portfolio, we analyze the portfolio to determine how to best maximize collections in a cost efficient manner and decide whether to use our internal servicing and collection department, third-party collection agencies, attorneys, or a combination of all three options.

When we outsource the servicing of receivables, our management typically determines the appropriate third-party collection agencies and attorneys based on the type of receivables purchased. Once a group of receivables is sent to third-party collection agencies and attorneys, our management actively monitors and reviews the third-party collection agencies’ and attorneys’ performance on an ongoing basis. Based on portfolio performance considerations, our management will either (i) move certain receivables from one third-party collection agency or attorney to another, or (ii) sell portions of the portfolio accounts. Our internal collection unit, which currently employs approximately five collection-related staff, including senior management, assists us in benchmarking our third-party collection agencies and attorneys, and provides us with greater flexibility for servicing a percentage of our consumer receivable portfolios in-house.


We have increased our focus on purchasing consumer receivables internationally from foreign banks via direct sales or auctions, similar to the domestic purchase process. We have established relationships with agencies and attorneys in our selected countries and we are committed to continue acquiring foreign consumer receivables to maximize our return on investment.

Personal injury claims
Pegasus conducts its business solely in the United States. Pegasus obtains its business from external brokers and internal sales professionals soliciting individuals with personal injury claims. Business is also obtained from the Pegasus web site and through attorneys.

Structured settlements
CBC purchases structured settlement and annuity policies through privately negotiated direct consumer purchases and brokered transactions across the United States. CBC funds the purchases primarily from cash, its line of credit and its securitized debt, issued through its BBR subsidiaries. Blue Bell Receivables I, LLC (“BBR I”), Blue Bells Receivables II, LLC (“BBR II”), Blue Bell Receivables III, LLC (“BBR III”), Blue Bell Receivables IV, LLC (“BBR IV”) and Blue Bell Receivables V, LLC (“BBR V”), collectively the “Blue Bell Entities”, are variable interest entities (“VIEs”). CBC is considered the primary beneficiary because it has the power to direct the significant activities of the VIEs via its ownership and service contract. It also has the rights to receive benefits from the collections that exceed the payments to the note holders.

Social security benefit advocacy
GAR Disability Advocates provides its disability advocacy services throughout the United States. It relies upon search engine optimization (“SEO”) to bring awareness to its intended market.








ASFI's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Asta Funding Inc ASFI 67 21 3 149
Atlantic American Corp AAME 40 195 -1 147
Ambac Financial Group, Inc. ABK 0 0 0 0
Aetna Inc AET 70,069 60,705 3,503 48,800
Aflac Incorporated AFL 38,657 21,832 3,048 9,235
American International Group, Inc. AIG 45,015 50,491 2,740 65,000
Assurant, Inc. AIZ 8,345 9,083 431 17,600
Allstate Corp ALL 39,078 42,684 2,805 38,800
American Independence Corp. AMIC 0 0 0 268
American National Insurance Co ANAT 3,027 3,651 413 4,736
Aon Plc AON 50,895 10,898 1,544 69,000
Bb&t Corporation BBT 42,079 11,293 3,316 33,400
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Cigna Corporation CI 76,034 129,657 4,283 37,200
Citizens, Inc. CIA 336 246 0 620
Cincinnati Financial Corp CINF 17,538 8,397 919 4,305
Cno Financial Group, Inc. CNO 2,840 4,262 -412 3,500
Consumer Portfolio Services Inc CPSS 84 359 12 935
China United Insurance Service, Inc. CUII 88 89 8 2,239
First American Financial Corp FAF 7,054 5,891 578 17,955
Fbl Financial Group, Inc. FFG 1,419 725 95 1,637
Fidelity & Guaranty Life FGL 1,532 1,585 243 220
Firstmerit Corp FMER 0 956 185 4,112
Fidelity National Financial, Inc. FNF 13,379 7,800 778 54,091
First Trinity Financial Corp. FTFC 0 47 6 9
Genworth Financial Inc GNW 2,150 8,393 179 5,300
Triple-s Management Corp GTS 423 3,201 16 3,257
Hartford Financial Services Group Inc HIG 21,256 18,955 1,801 17,500
Horace Mann Educators Corporation HMN 1,822 1,378 131 1,350
International Bancshares Corporation IBOC 2,685 570 212 2,822
Investors Heritage Capital Corp IHRC 49 63 1 1
Investors Title Co ITIC 311 171 24 237
Kansas City Life Insurance Co KCLI 355 484 30 436
Loews Corp L 15,423 14,342 449 17,510
Lincoln National Corporation LNC 10,651 17,444 853 9,627
Mb Financial Inc MBFI 3,598 955 331 2,980
Mbia Inc MBI 725 224 -123 252
Metlife Inc MET 47,875 65,750 6,108 66,000
Midwest Holding Inc. MIDH 0 2 -6 19
National Security Group Inc NSEC 38 66 1 1
National Western Life Group, Inc. NWLI 970 626 116 261
Onebeacon Insurance Group, Ltd. OB 1,734 1,242 147 1,150
Old National Bancorp ONB 3,117 788 232 2,652
Old Republic International Corporation ORI 7,046 6,565 674 8,200
Principal Financial Group, inc PFG 15,036 15,946 1,361 14,873
Protective Life Corporation PL 0 5,799 457 2,541
Patriot National, Inc. PN 0 0 0 1,145
Phoenix Companies Inc PNX 0 0 0 630
Partnerre Ltd. PRE 0 5,590 -86 1,035
Prudential Financial Inc PRU 37,712 64,623 3,462 48,331
Safeco Corporation SAFC 0 0 0 0
Security National Financial Corporation SNFCA 99 267 9 1,271
Stewart Information Services Corp STC 988 1,848 53 6,900
Symetra Financial Corporation SYA 0 2,111 210 1,400
Trustmark Corp TRMK 2,157 600 153 2,941
United Fire Group Inc UFCS 1,134 1,154 22 1,057
Unum Group UNM 5,668 11,845 1,053 9,500
Utg Inc UTGN 112 27 3 42
Voya Financial, Inc. VOYA 8,805 8,962 640 7,000
White Mountains Insurance Group, Ltd WTM 3,470 1,292 228 2,973
Xl Group Ltd XL 15,041 11,388 -543 4,663
SUBTOTAL 627,960 643,517 42,692 975,666


             
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