Abacus Life(US:ABL) Newsfilter·2024-06-06 21:10Core 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]