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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Smith & Wesson Brands

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Friday.

Smith & Wesson Brands, Abacus Life And Other Big Stocks Moving Lower In Friday's Pre-Market Session

ORLANDO, Fla., June 06, 2024 (GLOBE NEWSWIRE) --  Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a pioneering alternative asset manager specializing in longevity and actuarial technology, announced today that it led the life settlement industry in funds paid to clients in 2023 with a 26% market share according to The Deal, once again bringing premier value to its clients.

The Deal's 2023 Annual Ranking Shows Abacus Life (ABL) Leads Life Settlement Industry with 26% Market Share in Funds Paid to Clients

Abacus Life, Inc. (NASDAQ:ABL ) Q1 2024 Earnings Conference Call May 13, 2024 9:00 AM ET Company Participants Garrett Edson - Investor Relations Jay Jackson - Chief Executive Officer Bill McCauley - Chief Financial Officer Conference Call Participants Wilma Burdis - Raymond James Andrew Kligerman - TD Cowen Matthew Howlett - B. Riley Securities Operator Greetings and welcome to Abacus Life First Quarter 2024 Earnings Call.

Abacus Life, Inc. (ABL) Q1 2024 Earnings Call Transcript

- First Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $21.5 Million - - Driven by 59% Year-over-Year Growth in Direct-to-Consumer Division - ORLANDO, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today reported results for the first quarter ended March 31, 2024.

Abacus Life Reports First Quarter 2024 Results

Launched in 2023, ABL Wealth has Aggressive Expansion Plans and Unique Lifespan-Driven Financial Planning and Investment Offerings Launched in 2023, ABL Wealth has Aggressive Expansion Plans and Unique Lifespan-Driven Financial Planning and Investment Offerings

Fei Xue Appointed as Vice President of ABL Wealth at Abacus Life

Abacus Life reported $79.6m of full-year revenue, growing 14% YoY, and $39.3m of adjusted EBITDA for the full year, growing 13% YoY. Abacus highlighted two key items coming in 2024 to drive growth: the launch of a 40 Act Fund and expansion into tangential markets. Abacus has made progress in its capital structure, authorizing a share buyback, placing an offering, and seeing warrant exercises.

Abacus Life: Leader In Life Settlement Space

ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Elena Plesco has joined Abacus as Chief Capital Officer.

Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer

Abacus Life, Inc. (ABL) Q4 2023 Earnings Call Transcript

- Fourth Quarter 2023 Total Revenue Grew 25% Year-over-Year to $23.6 Million - - Increased Originations Capital Deployment by 92% Year-over-Year to $68.3 Million - - Increased Originations Capital Deployment for Full Year 2023 by 46% to $218.9 Million - ORLANDO, Fla., March 21, 2024 (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 quarter and full year ended December 31, 2023.

Abacus Life Reports Fourth Quarter and Full Year 2023 Results

ORLANDO, Fla., March 12, 2024 (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 Fourth Quarter 2023 financial results after the market closes on Thursday, March 21, 2024.

Abacus Life to Announce Fourth Quarter 2023 Financial Results on Thursday, March 21, 2024

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Abacus Life, Inc. (Nasdaq: ABL) concerning the Company and its directors' and officers' possible violations of state laws. If you own Abacus Life stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at tkenned.

Glancy Prongay & Murray LLP Announces Investigation of Abacus Life, Inc. (ABL)

ORLANDO, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, is proud to announce the official expansion of ABL Tech, its technology division.

UPDATE – Abacus Life (ABL) Officially Launches Technology Sub-Division – ABL Tech

ORLANDO, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”) is a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products. The company is proud to announce the official expansion of its technology division, ABL Tech. This strategic move not only signifies growth but also a rebranding and evolution from the well-respected LMA Technologies. For years, LMA Technologies has been at the forefront of serving the life insurance sector, offering institutional investors comprehensive solutions including death audit tracking, valuation services, and critical data insights. ABL Tech is set to build on this legacy, redefining the technological landscape within the pension fund and financial services industry with a suite of tech-driven solutions.

Abacus Life (ABL) Officially Launches Technology Sub-Division – ABL Tech

ORLANDO, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).

Abacus Life Repurchases Total of $6 Million of Stock in First 60 Days of Program

ORLANDO, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL; ABLLL) today announced that it has priced an underwritten public offering of $25 million in aggregate principal amount of its additional 9.875% notes due 2028 (the “New Notes”). The New Notes will have the same terms (except with respect to issue date and the date from which interest will accrue) as, will be fully fungible with and will be treated as a single series of debt securities as, the 9.875% notes due 2028 the Company issued on November 10, 2023 in an aggregate principal amount of $35,650,000 (the “Existing Notes” and together with the New Notes, the “Notes”). When issued, the New Notes will bring the aggregate amount of Notes outstanding to $60,650,000. The Company has granted the underwriters an option to purchase up to an additional $3,750,000 in aggregate principal amount of New Notes solely to cover overallotments, if any. The offering is expected to close on February 15, 2024, subject to customary closing conditions. Piper Sandler & Co., A.G.P. / Alliance Global Partners, and Ladenburg Thalmann & Co. Inc. are serving as joint book-running managers for the offering.

Abacus Life, Inc. Prices Public Offering of $25 Million Additional 9.875% Notes Due 2028

ORLANDO, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced today that Abacus Life CEO Jay Jackson appears as a guest on the Wealthion Podcast hosted by Eric Chemi. On the podcast, CEO Jackson discusses, among other things, the misconceptions about life insurance and the changing financial planning landscape.

Abacus Life CEO Jay Jackson Discusses Misconceptions About Life Insurance on the Wealthion Podcast

ORLANDO, Fla., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced today that Abacus Life CEO Jay Jackson appears as a guest on the SPACInsider Podcast hosted by Nicholas Clayton and Marlena Haddad. On the podcast, CEO Jackson discusses, among other things, the de-SPAC process and the undervalued importance of longevity data.

Abacus Life CEO Jay Jackson Discusses Lifespan Data and Financial Planning on SPAC Insider Podcast

ORLANDO, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).

Abacus Life Repurchases $1.9 Million of Stock in First 30 Days of Program

ORLANDO, Fla., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced today that its Board of Directors has authorized a new stock repurchase program of up to $15 million of the Company's outstanding common stock over a period of up to 18 months.

Abacus Life Announces $15 Million Stock Repurchase Program

TCG BDC

Edison

New Mountain Finance

New Exchange Preferred Stock And Traded Debt IPOs, November 2023

Abacus Life Settlements has emerged as a profitable opportunity in the SPAC wreckage, trading down about 35% since its merger. Abacus operates differently from its predecessor, Emergent Capital, by originating policies and selling them to investors or its subsidiary. Abacus has a proven track record of generating significant returns on investment and has attracted capital from major firms like KKR and Apollo.

Abacus Life: Have They Cracked Life Settlements?

- Total Revenue Grew 20% Year-over-Year to $21.1 Million - - Increased Originations Capital Deployment by 43% Year-over-Year to $51 Million - - GAAP Net Income of $0.9 Million; non-GAAP Adjusted Net Income of $9.2 Million - - Non-GAAP Adjusted EBITDA Grew 26% Year-over-Year to $10.8 Million - ORLANDO, Fla., Nov. 13, 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 quarter ended September 30, 2023.

Abacus Life Reports Third Quarter 2023 Results

ORLANDO, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced that its Chief Executive Officer, Jay Jackson, will participate in a fireside chat at the Stephens Investment Conference on Tuesday, November 14, 2023 at 4pm Eastern Time.

Abacus Life to Participate in the Stephens Investment Conference

ORLANDO, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) today announced that it has priced an underwritten public offering of $31.0 million in aggregate principal amount of its 9.875% notes due 2028 (the “Notes”). The Notes will bear interest at a rate of 9.875% per year. The Company has granted the underwriters an option to purchase up to an additional $4.65 million in aggregate principal amount of notes solely to cover overallotments, if any. The offering is expected to close on November 10, 2023, subject to customary closing conditions. Piper Sandler & Co., Ladenburg Thalmann & Co. Inc. and InspereX LLC are serving as joint book-running managers for the offering. A.G.P. / Alliance Global Partners is serving as co-manager for the offering.

Abacus Life, Inc. Prices Public Offering of $31.0 Million 9.875% Notes Due 2028

ORLANDO, Fla., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced it will release its Third Quarter 2023 financial results before the market opens on Monday, November 13, 2023.

News for Abacus Life Inc Stock (ABL)