Abacus Global Management(NASDAQ) ABL

Abacus helps people sell life insurance plans they no longer need. It manages these assets for large professional investment firms. Seniors receive cash payouts to help fund their retirement years.

What Does Abacus Do?

• Life Solutions: Purchasing life insurance policies from consumers to help them fund retirement or medical bills; includes a digital marketplace for insurance quotes.
• Asset Management: Managing alternative investment funds and exchange-traded funds, which are collections of stocks that trade like a single share, focused on insurance settlements and cash flow.
• Technology Services: Offering tools to verify if people have passed away or to find missing participants for pension funds and insurance companies.
• Portfolio Servicing: Providing management and tracking for bundles of insurance policies owned by third-party institutional investors for a fee.
• Private Wealth: Developing custom financial plans for clients based on their specific health and life expectancy data.

Growing the Business Through New Deals

• Completed the acquisition of Carlisle Management Company and FCF Advisors in December 2024 to expand its asset management reach.
• Acquired the online life insurance brokerage AccuQuote in October 2025 to increase its digital distribution capabilities.
• Launched an asset-based finance strategy in January 2026 to deploy capital into loans backed by physical and financial assets.
• Transferred its stock listing to the New York Stock Exchange in December 2025 to increase visibility with institutional investors.

Smart Data Drives Better Decisions

The firm uses a proprietary risk-rating tool to value life insurance contracts accurately based on health and longevity data. This technology helps manage complex assets for large pension funds and government agencies that need precise mortality verification.

Performance by the Numbers

• Revenue grew to $71.9 million in Q4 2025, up 116.5% from Q4 2024.
• Net income turned positive at $7.2 million in Q4 2025, an improvement from an $18.3 million loss in Q4 2024.
• Operating income reached $21.1 million in Q4 2025, up from a loss of $16.8 million the previous year.
• Assets under management reached approximately $3.33 billion by the end of 2025.
• Free cash flow hit negative $29.8 million in Q4 2025, which narrowed from a negative $92.1 million in Q4 2024.

Bottom Line

Abacus has evolved from a specialized insurance buyer into a diversified alternative asset manager. Its expansion into technology and wealth services creates a more recurring and data-driven business model.