Exhibit 99.1

Imperial Holdings, Inc. Announces Third Quarter 2012 Results

Boca Raton, FL, January 15, 2013 – Imperial Holdings, Inc. (NYSE: IFT) (“Imperial” or the “Company”), a specialty finance company with a focus on providing liquidity solutions to owners of illiquid financial assets, today announced financial results for its third quarter ended September 30, 2012.

Total income (loss) was ($14.2 million) for the three months ended September 30, 2012, compared to total income (loss) of ($1.8 million) for the three months ended September 30, 2011, an increase of $12.4 million. Total expenses were $17.3 million for the three months ended September 30, 2012, compared to $18.6 million for the three months ended September 30, 2011, a decrease of $1.3 million. A significant portion of the Company’s expenses during third quarter of 2012 is attributable to the proposed settlements of the class action and related litigation that arose in the wake of the now settled federal investigation of the Company’s legacy premium finance business. The Company established a reserve for the settlements with a corresponding receivable for insurance recoveries. The net expense of $5.1 million is included in the Company’s total expenses for the three months ended September 30, 2012. Included in this amount is a non-cash charge of $3.1 million associated with the future issuance of 2 million warrants and $500,000 associated with the future issuance of common stock, as contemplated in the proposed settlement terms. The final value of the warrants will be determined at issuance. The Company posted a net loss of $31.5 million or $1.48 per fully diluted share for the three ended September 30, 2012, compared to a net loss of $12.6 million, or $0.59 per fully diluted share, for the three months ended September 30, 2011.

In our life finance segment, income (loss) was ($17.0 million) during the third quarter of 2012 compared to income (loss) of ($5.5 million) for the third quarter of 2011, an increase of $11.5 million. Income (loss) was driven by a ($17.5 million) aggregate decline in the fair value of the Company’s portfolio of 212 life insurance policies to $102.3 million. This decline resulted from applying updated life expectancy reports, which the Company began procuring in anticipation of

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a capital raising transaction. At September 30, 2012, however, the Company only applied updated reports with respect to 143 of the 212 lives represented in its portfolio and believes that insureds who have deteriorated in health are generally less likely to be responsive to requests for updated medical information. As such, any deteriorations in the health of unresponsive insureds are not reflected in the fair value calculation for the third quarter. For the year ago quarter, the life finance segment posted income (loss) of ($5.5 million), inclusive of a $14.1 decline, to $92.0 million, in the fair value of the Company’s then portfolio of 170 life insurance policies. Fair value of the Company’s investment in life settlements compared to the prior year period was also negatively impacted by the increase in weighted average discount rate used in the Company’s fair value model to 24.61% at September 30, 2012 from 19.51% at September 30, 2011. Segment expenses were $3.7 million during the three months ended September 30, 2012 compared to $11.2 million during the three months ended September 30, 2011, a decline of $7.5 million. Segment operating loss was $20.7 million during the three months ended September 30, 2012, an increase of $4.0 million over segment operating loss of $16.7 million recorded during the three months ended September 30, 2011.

In our Structured Settlement business segment, income was $2.8 million for the three months ended September 30, 2012 compared to $3.4 million for the three months ended September 30, 2011. Segment expenses decreased by $1.6 million to $5.3 million during the third quarter of 2012 compared to $6.9 million in the year ago period, driven by a decrease in advertising expenses of $720,000 and payroll and related costs of $516,000 attributable to a reduction of head count. Segment operating loss was $2.5 million during the three months ended September 30, 2012 compared to segment operating losses of $3.5 million recorded during the three months ended September 30, 2011. The Company originated 253 transactions during the third quarter of 2012 compared to 211 during the same period of 2011, a 19.9% increase.

As of September 30, 2012, the Company had $40.6 million of cash and cash equivalents, and marketable securities. The Company has subsequently reported it has cash and cash equivalents, and marketable securities of $20.3 million at December 31, 2012. The aggregate face value of the Company’s portfolio of life insurance policies was $1.1 billion and the book value of the company at September 30, 2012 was $6.14 per share.

Antony Mitchell, Chief Executive Officer, commented, “Our financial results during the quarter were impacted adversely by non-cash adjustments to the fair value of our investments in life

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settlements. The decrease in portfolio value resulted from updating certain life expectancy reports in anticipation of a potential financing transaction. Moving forward, we are keenly focused on our cash position and are pursuing financing opportunities to ensure the preservation and maximization of the value of our balance sheet assets.”

“To that end, in our Structured Settlements business segment, we have better aligned our expenses with revenues and expect to operate that business segment near breakeven or better starting with the first quarter of 2013,” concluded Mr. Mitchell.

About Imperial Holdings, Inc.

Imperial is a leading specialty finance company that, through its operating subsidiaries, provides customized liquidity solutions to owners of illiquid financial assets. Imperial’s primary operating units are Life Finance and Structured Settlements. In its Life Finance unit, Imperial purchases and sells life insurance policies. In its Structured Settlements unit, Imperial purchases from individuals long-term annuity payments issued by highly rated U.S. insurance companies. More information about Imperial can be found at www.imperial.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Imperial Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, and involve known and unknown risks and uncertainties. Although Imperial believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Imperial’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company’s ability to resolve the previously disclosed issues relating to the delay in its ability to complete and file its periodic reports; unanticipated issues that require additional efforts, procedures or review; ability of the Company or its independent registered public accounting firm to confirm relevant information or data; the Company’s ability to design or improve internal controls to address identified issues; the impact upon operations of legal compliance matters or internal controls review; the investigation by the Securities and Exchange Commission, and potential adverse outcomes associated with the investigations, including payments or fines the Company may be required to make, restrictions placed upon the Company and legal proceedings that may relate to these matters; the possibility that payments due to the Company under certain policies may be delayed; the amount of legal expenses for which the Company is reimbursed under its directors and officers insurance policy; the accuracy of actuarial assumptions underlying the Company’s models; the effect of policy premium payments on the Company’s liquidity; the Company’s continued ability to pay policy premiums; unanticipated accounting issues or audit issues regarding the financial data for the affected periods and future periods; and expenses associated with the foregoing, including costs of legal compliance matters or matters relating to the ongoing internal investigation and additional matters discussed in Imperial’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at www.sec.gov. All forward-looking statements attributable to Imperial or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Imperial does not assume a duty to update these forward-looking statements.

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Contact:

David Sasso

Imperial Holdings, Inc.

Director- Investor Relations

561.672.6114

IR@imperial.com

www.imperial.com

-SELECTED FINANCIAL TABLES FOLLOW-

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Imperial Holdings, Inc. and Subsidiaries

CONSOLIDATED AND COMBINED BALANCE SHEETS

Imperial Holdings, Inc. and Subsidiaries

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (UNAUDITED)

Structured Settlements Business Segment Data

Life Finance Business Segment Data