Abacus Life Inc

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Abacus Life Inc reports robust Q3 performance and eyes growth

Abacus Life Inc delivered strong financial results, showcased program advancements, and expanded its asset base through strategic acquisitions.
The company's focus on innovation, partnerships, and financial strength positions it well for future growth and market expansion.
Challenges in integration, competition, and capital management exist but can be addressed through strategic planning and operational efficiency.

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Abacus Life, Inc. is an integrated alternative asset manager, which engages in the business of investing in inforce life insurance products. The firm is involved in purchasing outstanding life insurance policies to connect buyers and sellers through an origination process. It operates through the following segments: Portfolio Servicing, Active Management, and Originations. The Portfolio servicing segment offers policy services to customers on a contract basis. The Active Management segment is involved in buying, selling, and trading policies and maintaining policies through to death benefit. The Origination segment originates life insurance policy settlement contracts as a licensed life settlement provider on behalf of third-party institutional investors interested in investing in the life settlement asset class. The company was founded by Matthew Ganovsky, Kevin Scott Kirby, and Todd Sean McNealy on May 22, 2020 and is headquartered in Orlando, FL.

- Revenue Grew 30% Year-over-Year to $18.3 Million - - Increased Originations Capital Deployment by 88% Year-over-Year to $59.7 Million - - Net Income Increased 40% Year-over-Year to $6.4 Million - - Adjusted EBITDA Grew 33% Year-over-Year to $8.8 Million - ORLANDO, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the second quarter ended June 30, 2023.

Abacus Life Reports Second Quarter 2023 Results

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ORLANDO, Fla., July 24, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced it will release its Second Quarter 2023 financial results before the market opens on Monday, August 14, 2023.

Abacus Life to Announce Second Quarter 2023 Financial Results on Monday, August 14, 2023

ORLANDO, Fla., July 07, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, will participate in a virtual webinar with ICR on Tuesday, July 11, 2023 from 12 PM – 1 PM ET.

Abacus Life to Participate in ICR Webinar Series Tuesday, July 11, 2023 at 12 PM ET

East Resources Acquisition

Listing Follows Completion of Business Combination with East Resources Acquisition Company Listing Follows Completion of Business Combination with East Resources Acquisition Company

Abacus Life Begins Trading on Nasdaq Under New Ticker Symbol “ABL”

News for Abacus Life Inc Stock (ABL)