Welcome to our dedicated page for Abacus Global Management news (Ticker: ABL), a resource for investors and traders seeking the latest updates and insights on Abacus Global Management stock.
Abacus Global Management, Inc. (NASDAQ: ABL) appears frequently in financial and corporate news as a company active in the alternative asset management space and broader financial services. Its news flow, based on recent press releases, covers topics such as longevity-based assets, capital markets transactions, shareholder capital programs, acquisitions, and investor outreach.
Recent announcements include the company’s plan to transfer the listing of its Class A common stock from the Nasdaq Stock Market to the New York Stock Exchange with a new ticker symbol "ABX", while its senior notes move to the NYSE under a different symbol. Abacus has also reported the sale of securitized life insurance assets structured as an above investment-grade rated collateralized note, which it describes as a way for institutional investors, banks, and insurance companies to gain exposure to life insurance assets through a rated structure.
Abacus’ news releases highlight its focus on longevity-based assets and data-driven wealth solutions, as well as shareholder-focused actions such as the approval of an annual cash dividend and a share repurchase program. The company has also announced the acquisition of AccuQuote, an online life insurance brokerage company, describing this transaction as expanding its financial services platform and supporting a lifecycle approach to client needs.
In addition, Abacus regularly issues updates on quarterly financial results, non-GAAP performance metrics, and participation in investor and industry conferences, including events focused on longevity-based investments and private credit. Readers following ABL news can expect coverage of earnings announcements, capital allocation decisions, corporate transactions, and events that reflect the company’s emphasis on longevity-linked investments and alternative asset management.
Abacus Global Management (NASDAQ: ABL) has highlighted its strong market position amid current volatility, according to CEO Jay Jackson. The company benefits from two key advantages: increased origination opportunities as clients seek alternative liquidity sources through life insurance policies, and growing investor interest in uncorrelated alternative assets for portfolio diversification.
The recent acquisition of Carlisle Management Company has enhanced Abacus' product lineup, with their GP/LP-style funds gaining significant traction among advisors. The company maintains a robust financial position with $128.8 million in cash and cash equivalents and $371.4 million in balance sheet policy assets as of December 31, 2024.
Abacus Global Management (NASDAQ: ABL) reported strong Q4 and full-year 2024 results, with notable growth across key metrics. Q4 total revenue increased 40% year-over-year to $33.2 million, while full-year revenue grew 69% to $111.9 million.
Q4 highlights include a 41% increase in origination capital deployment to $96.6 million and 214 policy originations. However, the company recorded a GAAP net loss of $18.3 million in Q4, primarily due to non-cash expenses related to stock compensation and acquisition costs.
Full-year 2024 saw policy originations grow 63% to 1,034, while adjusted EBITDA increased 57% to $61.6 million with a 55.0% margin. The company maintains a strong liquidity position with $128.8 million in cash and cash equivalents.
Looking ahead, Abacus projects 2025 adjusted net income between $70-78 million, representing 51-68% growth compared to 2024's $46.5 million.
Abacus Life (NASDAQ: ABL) has announced its rebranding to Abacus Global Management, reflecting its expanded global presence and comprehensive financial services. The company now operates through four key divisions:
- Abacus Life Solutions: Has purchased over $10B in life insurance policies since 2004, serving consumers and institutions
- Abacus Asset Group: Focuses on institutional investors, offering uncorrelated and longevity-based assets
- ABL Wealth: Provides data-driven wealth management using proprietary algorithms
- ABL Tech: Develops technology solutions for pension funds and insurance businesses
The rebranding will not affect existing client relationships or agreements, with enhanced offerings planned for the future.
Abacus Life (NASDAQ: ABL), a global alternative asset manager focused on longevity data and actuarial technology, has scheduled the release of its fourth quarter 2024 financial results on Thursday, March 27, 2025, after market close.
The company will host a conference call to discuss these financial results at 5:00 pm Eastern Time on the same day. Investors and interested parties can participate through:
- A live webcast available on Abacus' investor relations website at ir.abacuslife.com
- Dial-in numbers: (877) 407-9716 (toll-free) or (201) 493-6779 (international)
Participants are advised to dial in 10 minutes before the scheduled start time. A replay of the webcast will remain available on the company's investor relations website for one year following the call.
Abacus Life (NASDAQ: ABL) has entered into warrant exchange agreements with certain holders of its outstanding publicly traded warrants. The agreement involves the exchange of 4,930,745 Public Warrants for 1,134,071 shares of newly issued Common Stock, at a ratio of 0.23 shares per warrant.
The Public Warrants were originally issued during the company's IPO, allowing holders to purchase up to 17,250,000 shares of Common Stock at an exercise price of $11.50 per share. These warrants trade on Nasdaq under the symbol 'ABLLW' and are legally detachable and separately exercisable from the underlying common shares.
Abacus Life (NASDAQ: ABL) has completed the rebranding of FCF Advisors to Abacus FCF Advisors, a subsidiary of ABL Wealth. The company announced several key initiatives including:
- Launch of the Abacus FCF Small Cap Leaders ETF (ABLS)
- Management fee reductions of 5-10 basis points across all ETFs
- 18-month fee waiver of 20 basis points on four ETFs
The rebranding emphasizes the company's leadership in free cash flow investing and analytics through the FCF Leaders Model, which identifies the most profitable companies through a quantitative investment process. The company's ETF lineup now includes ABFL, ABLG, ABLD, ABOT, ABLS, and ABHY funds. To mark this milestone, the Abacus FCF Advisors team rang the Cboe Global Markets Exchange opening bell on February 19, 2025.
Coventry has released a new study by Professors Daniel Bauer and Nan Zhu revealing significant flaws in Lapetus Solutions' life expectancy estimates. The study analyzed 4,378 underwritten reports and found that Lapetus substantially understates actual life expectancies of insureds, which could significantly impact life settlement investors.
The research showed that while Lapetus's calculations predicted 648 policyholder deaths during the study period, only 203 actual deaths occurred, resulting in a concerning 31% ratio of actual to expected deaths. This aligns with a July 2024 analysis showing Lapetus life expectancies were shorter by approximately 31 months compared to other underwriters.
The findings suggest that policies valued using Lapetus's estimates could be overvalued, potentially affecting companies like Abacus (NASDAQ: ABL) that rely on their life expectancy predictions for policy valuations.
Abacus Life (NASDAQ: ABL) has secured a $150 million debt financing facility, arranged and led by Sagard, with significant commitment from Värde Partners. The facility features flexible terms designed to support the company's long-term strategic objectives.
CEO Jay Jackson emphasized that this funding will meet inventory demand without requiring additional equity raises in the near future. Chief Capital Officer Elena Plesco highlighted this as a significant milestone providing financial flexibility for executing their strategic vision. The company plans to use the funds to strengthen operations and expand capabilities.
Abacus Life (NASDAQ: ABL) has completed the acquisition of FCF Advisors, a New York-based asset manager with approximately $850 million in assets under management. FCF specializes in free cash flow-focused investment strategies and is known for its free cash flow quality model and quantitative investment process. The acquisition marks a significant expansion of ABL Wealth's offerings, enhancing their ability to provide comprehensive lifespan-based financial services. FCF Advisors brings a suite of core and thematic free cash flow equity strategies, along with over 50 customizable free cash flow index strategies across 8 global equities allocation categories.
Abacus Life (NASDAQ: ABL) has completed the acquisition of Carlisle Management Company, a Luxembourg-based investment fund manager specializing in life settlements with over $2 billion in assets under management. The acquisition aligns with Abacus's strategy to drive long-term growth and diversify its alternative asset-management offerings. Jose Garcia, Carlisle's CEO, joins Abacus Life's Executive Leadership Team. The acquisition adds approximately $2.0 billion to Abacus's ABL Wealth division, providing Carlisle's investors access to Abacus Life's uncorrelated insurance product asset class.
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