Abacus Global Management blends technology and tradition to transform the life insurance marketplace

Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors. With $5 billion in face value of policies purchased since 2004, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products, available on the Nasdaq Exchange under ticker symbol ABL.

Abacus Global Management (NASDAQ:ABL) on Tuesday firmly rejected allegations raised in a June 4 short-seller report, calling the claims “false and uninformed” and defending the integrity of its asset valuation practices.

The Orlando-based alternative asset manager said the short report’s two central assertions—that Abacus relies excessively on a single life expectancy provider, Lapetus Solutions, and that this inflates its balance sheet—are both incorrect.

Abacus clarified that its portfolio valuation does not depend on Lapetus, and to demonstrate this, it commissioned independent actuarial firm Lewis and Ellis to conduct a review excluding all Lapetus estimates.

Lewis and Ellis’s analysis, covering over 700 life settlement policies, valued the portfolio at $449 million as of March 31, 2025, closely matching Abacus’s previously reported $446 million. The review used a discount rate methodology and inputs including premium streams, policy face values, and discount rates, with all work performed by American Academy of Actuaries-qualified professionals.

Abacus Global Management (NASDAQ:ABL) said on Friday it has authorized a $20 million share repurchase program, underscoring its confidence in the company’s fundamentals and future performance.

The repurchase program, approved by Abacus’s Board of Directors, will be in effect for up to 18 months.

Abacus Global Management (NASDAQ:ABL) more than doubled its revenue and adjusted earnings in the first quarter of 2025, driven by increased capital deployment and rising demand for alternative assets, the company said on Thursday.

The New York-based asset manager posted total revenue of $44.1 million for the quarter ended March 31, up from $21.5 million a year earlier, fueled by gains in its Life Solutions business and a full quarter of fees from acquisitions completed late last year.

Abacus Global Management (NASDAQ:ABL) is quickly proving its mettle in the alternative asset management space, delivering strong first-quarter earnings that exceeded Wall Street expectations and showcased the firm’s growing dominance in life settlements and adjacent financial services.

The company posted adjusted earnings per share (EPS) of $0.18 for the first quarter of fiscal 2025, beating consensus estimates of $0.16 and driven by record capital deployment and strong performance in its Life Solutions and Asset Management businesses.

“Abacus reported a core beat driven by revenues and adjusted EBITDA highlighted by a record in capital deployed,” wrote Piper Sandler analysts, who raised their 2025 and 2026 EPS estimates and increased their price target to $12 from $11.50.

Abacus Global Management (NASDAQ:ABL) CEO Jay Jackson takes Proactive's Stephen Gunnion through the company’s strong financial performance in 2024 and its strategic outlook for 2025.

The pioneering alternative asset manager reported 69% year-over-year revenue growth for 2024, with the fourth quarter alone seeing a 40% increase. Jackson noted that 2023 was already a record year, and 2024 surpassed that benchmark by over 50%. The company has issued guidance for 2025 that anticipates adjusted net income to rise by between 51% and 68%, driven by continued demand for non-correlated assets.

Founded over 20 years ago, Abacus recently rebranded from Abacus Life to better reflect its identity as an alternative asset manager. Jackson explained, “We're an asset manager... and we also own a large institutional asset manager in Luxembourg,” underlining the firm’s expanding global footprint.