ORLANDO, Fla., June 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 announced that it has commenced an underwritten public offering of 10,000,000 shares of its common stock. In connection with the offering, Abacus intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price. All of the sha ...

Core Viewpoint - Abacus Life, Inc. has initiated an underwritten public offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares [1][2] Group 1: Offering Details - The public offering is subject to general market conditions, and there are no assurances regarding its completion or terms [2] - A registration statement on Form S-1 has been filed with the SEC, but it has not yet become effective [3] Group 2: Use of Proceeds - Abacus plans to use the net proceeds from the offering for operations, including purchasing life settlement policies, supporting its business strategy, working capital, and potentially repaying or refinancing its debt [1] Group 3: Company Overview - Abacus is a leading alternative asset manager specializing in longevity and actuarial technology, with over $5 billion in face value of life insurance policies purchased since 2004 [5] - The company operates three channels: ABL Tech, ABL Wealth, and ABL Longevity Funds, and is the only public life settlement company listed on the Nasdaq Exchange under the ticker symbol ABL [5]

Core Insights - Abacus Life, Inc. led the life settlement industry in 2023 with a 26% market share, paying clients $220 million in life settlement funds, which is over 20% of policy face value on average, significantly higher than competitors [1][2] - The company acquired 640 policies in 2023 with a total face value of nearly $1.1 billion, representing a 31.4% increase from 2022, while the overall industry growth was only 4% [1][3] Company Overview - Abacus is a pioneering alternative asset manager specializing in longevity and actuarial technology, with over $5 billion in face value of policies purchased since its inception in 2004 [3][4] - The company operates through three innovative channels: ABL Tech, ABL Wealth, and ABL Longevity Growth & Income Funds, aiming to democratize the life insurance space [3][4] - Abacus has established a robust origination and portfolio management process supported by a team of over 100 professionals and long-term relationships with 78 institutional partners and 30,000 financial advisors [4] Market Position - The company is recognized as the only public life settlement company, trading on the Nasdaq Exchange under the ticker symbol ABL, and has built a strong reputation with a BBB Accreditation and an A+ rating [3][4]

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. For 2023, the Company paid clients $220 million in life settlement funds, corresponding to a 26% market share and equating ...

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. [Operator Instructions] As a reminder, this conference is being recorded. I would now ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-39403 Abacus Life, Inc. (Exact name of registrant as specified in its charter) Delaware 85-1210472 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 8-K __________________ CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2024 __________________ Abacus Life, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39403 85-1210472 (State or other jurisdiction of incorporation (Commission (I.R.S. Employer or organization) File Number) Identific ...

Core Insights - Abacus Life, Inc. has appointed Fei Xue as Vice President of ABL Wealth, bringing nearly 20 years of experience in asset and wealth management [1][2] - The launch of ABL Wealth is a strategic growth area for Abacus Life, aiming to revolutionize wealth management through data-driven decision making [2] - Abacus Life specializes in longevity and actuarial technology, with over $5 billion in face value of life insurance policies purchased since 2004 [3][4] Company Overview - Abacus Life is a leading alternative asset manager and market maker, focusing on longevity and actuarial technology [3] - The company has developed a robust origination and portfolio management process supported by a team of over 100 professionals and long-term relationships with 78 institutional partners and 30,000 financial advisors [4] - Abacus Life is the only public life settlement company, trading on the Nasdaq under the ticker symbol ABL [3] Leadership and Strategic Goals - Fei Xue's previous experience includes serving as a strategic advisor at Dynasty Financial Partners and Director of RIA National Account at CNL Financial Group [1][2] - The partnership with Dynasty Financial Partners is expected to significantly enhance the development and growth of ABL Wealth [2] - Abacus Life aims to maximize the value of life insurance for clients through innovative channels such as ABL Tech, ABL Wealth, and ABL Longevity Growth & Income Funds [3]

ORLANDO, Fla., April 11, 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 First Quarter 2024 financial results before the market opens on Monday, May 13, 2024. Abacus will hold a conference call to discuss the financial results at 9:00 am Eastern Time on May 13, 2024. A live webcast of the conferen ...

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. Based in New York, Ms. Plesco has over a decade of investing experience in the financial services and assets sectors. Ms. Plesco is joining Abacus from KKR, where she served as the Co ...