Alpha Growth Plc (GB:ALGW) has released an update.
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Alpha Growth Plc, a specialist in the longevity asset class, has released its 2023 Annual Report, highlighting significant cash reserves, the repayment of all borrowings rendering the company debt-free, and the advancement towards managing over $2 billion in assets by 2025. The report reflects a stable financial position with assets under administration and management at $619 million, and the company has received positive industry feedback on its life insurance linked wealth management ‘ecosystem.’ Alpha Growth Plc is actively pursuing acquisition opportunities and has achieved an investment grade rating for its insurance companies, signaling a strong position for future growth.
For further insights into GB:ALGW stock, check out TipRanks’ Stock Analysis page.
