Abacus Life Inc
NASDAQ:ABL
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Abacus Life Inc
Abacus Life Inc is a US-based company operating in Insurance industry. The company is headquartered in Orlando, Florida and currently employs 84 full-time employees. The company went IPO on 2020-07-23. Abacus Life, Inc. is a buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products. The firm purchases life insurance policies from consumers seeking liquidity and manages those policies over time through trading, holding, and/or servicing. The firm offers a full turn-key solution to agents and brokers, including medical records retrieval, illustration requests, and licensing support. The company provides online tools to qualify and an easy on-boarding process with single-page application, HIPAA, and insurance release. The company conducts life settlement business in the green states. The company helps clients to maximize the value of their life insurance. The firm has an institutionalized origination and portfolio management process. The firm manages assets for asset managers and third-party investment funds. The company operates in about 49 states.
Abacus Life Inc is a US-based company operating in Insurance industry. The company is headquartered in Orlando, Florida and currently employs 84 full-time employees. The company went IPO on 2020-07-23. Abacus Life, Inc. is a buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products. The firm purchases life insurance policies from consumers seeking liquidity and manages those policies over time through trading, holding, and/or servicing. The firm offers a full turn-key solution to agents and brokers, including medical records retrieval, illustration requests, and licensing support. The company provides online tools to qualify and an easy on-boarding process with single-page application, HIPAA, and insurance release. The company conducts life settlement business in the green states. The company helps clients to maximize the value of their life insurance. The firm has an institutionalized origination and portfolio management process. The firm manages assets for asset managers and third-party investment funds. The company operates in about 49 states.
Record Quarter: Abacus delivered its 10th straight quarter beating consensus, with record revenue and profit growth.
Revenue Growth: Revenue surged 124% year-over-year to $63 million, outpacing public alternative asset manager peers.
Profitability: Adjusted net income rose 60% to $23.6 million, and adjusted EBITDA jumped 127% to $37.9 million, maintaining a strong 60.2% margin.
Raised Guidance: Full-year adjusted net income guidance was raised to $80–84 million, representing 72–81% growth.
Capital Returns: Initiated an annual $0.20 per share dividend and a $10 million share repurchase program.
Securitization Milestone: Completed a $50 million investment-grade securitization, unlocking new funding and fee streams.
AccuQuote Acquisition: Acquired AccuQuote to expand digital origination and support long-term growth.
Strong Balance Sheet: Record cash levels and efficient portfolio turnover support continued growth and capital returns.
