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Abacus Life, Inc. appoints Fei Xue as Vice President of ABL Wealth, bringing nearly two decades of experience in asset and wealth management. ABL Wealth aims for aggressive expansion with unique lifespan-driven financial planning and investment offerings. Fei Xue's background includes strategic advisory roles at Dynasty Financial Partners and CNL Financial Group, with a focus on alternative assets and the RIA community. The partnership between ABL Wealth and Dynasty Financial Partners is set to drive exponential growth in the independent wealth management space.
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0.42%
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Abacus Life, Inc. (ABL) will release its First Quarter 2024 financial results on May 13, 2024, followed by a conference call. The company specializes in buying life insurance policies and alternative asset management. Investors can access the webcast on Abacus' investor relations website.
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-3.28%
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Abacus Life, Inc. (ABL) appoints Elena Plesco as Chief Capital Officer to enhance capital management and global expansion. Ms. Plesco brings extensive investing experience from KKR and J.P. Morgan, aiming to optimize financial structure and drive long-term growth for Abacus.
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Abacus Life, Inc. reported strong financial results for the fourth quarter and full year 2023, with total revenue growing 25% year-over-year to $23.6 million in Q4 and $79.6 million for the full year. Originations capital deployment increased by 92% to $68.3 million in Q4 and by 46% to $218.9 million for the full year. The company also authorized a $15 million stock repurchase program and completed a public bond offering to reduce debt and lower interest rates. Despite a GAAP net loss in Q4 due to non-cash expenses, the company remains optimistic about sustained growth and value creation for stockholders.
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Abacus Life, Inc. (NASDAQ: ABL) announces the release of its Fourth Quarter 2023 financial results on March 21, 2024. The company specializes in buying life insurance policies and managing specialty insurance products. A conference call will be held to discuss the results at 5:00 pm Eastern Time on the same day.
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-1.2%
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Abacus Life, Inc. (NASDAQ: ABL) announces the official expansion of ABL Tech, its technology division, redefining the technological landscape within the pension fund and financial services industry. ABL Tech offers innovative solutions in mortality verification, valuation services, an enhanced life settlement marketplace, and blockchain technology.
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Abacus Life, Inc. (ABL) announces the official expansion of its technology division, ABL Tech, revolutionizing the pension fund and financial services industry with innovative tech-driven solutions. ABL Tech offers services like DeathTrac & LifeTrac, Valuation Services, Abacus Marketplace, and Blockchain Technology, aiming to simplify processes and enhance security.
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Abacus Life, Inc. (NASDAQ: ABL) updates its $15 million stock repurchase program, repurchasing 553,150 shares at an average price of $10.92, totaling $6.0 million. The company has $9.0 million remaining under the program, expiring on June 10, 2025. Chairman and CEO Jay Jackson expresses satisfaction with the progress, highlighting long-term growth opportunities to create value for stockholders.
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Abacus Life, Inc. announced a public offering of $25 million in 9.875% notes due 2028, bringing the total outstanding to $60,650,000. The Company aims to use the proceeds for debt refinancing and general corporate purposes.
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Abacus Life, Inc. CEO Jay Jackson appeared on the Wealthion Podcast hosted by Eric Chemi to discuss the company's role as a leading buyer of life insurance policies and alternative asset manager. The podcast aims to address misconceptions about the industry and highlight Abacus Life's expertise in specialty insurance products.
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0.4%
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Abacus Life, Inc. Warrant
Nasdaq:ABLLW
ABLLW Rankings
ABLLW Stock Data
63.24M
Insurance Agencies and Brokerages
Finance and Insurance
United States of America
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