Abacus Global Management, Inc. Class A (ABL)

In February 2025, the company changed its name from Abacus Life, Inc. to Abacus Global Management, Inc. In June 2025, Morpheus Research published a report accusing Abacus of manipulating its life settlements portfolio, leading to a significant stock drop, which Abacus denied and announced legal action. In November 2025, Abacus reported strong third-quarter results, announced a dividend and share repurchase program. Abacus completed the acquisition of AccuQuote and executed a securitization of life insurance assets in October/November 2025.

There is an indication that the fourth quarter is expected to be productive for originations due to seasonal advertising spend, suggesting some level of seasonality in the demand for their life insurance policy origination services.

Abacus Global Management, Inc. (ABL) is a financial services company specializing in alternative asset management and market making within the United States. The company operates across five key segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. The Active Management segment focuses on the buying, selling, and trading of life insurance policies. The Originations segment originates life insurance policy settlements. The Asset Management segment provides asset management services to investors. The Portfolio Servicing segment offers policy services to customers on a contract basis. The Technology Services segment provides specialized technology services for the life insurance market. Abacus sells its products through various channels, including financial advisors, agents, direct-to-consumer approaches, and traditional life settlement intermediaries.

Abacus Global Management, Inc. primarily operates in the United States and is licensed to operate in 49 states.

Abacus Global Management's brand reputation was significantly impacted in June 2025 by reports from Morpheus Research alleging accounting irregularities, leading to a stock price decline and investigations. Abacus refuted the claims and initiated legal action. Positive third-quarter 2025 financial results and the initiation of a dividend and share repurchase program in November 2025 are efforts to restore investor confidence.

Institutions hold 30.55% of the company's shares, with major holders including BlackRock, Inc., and Vanguard Group Inc. Abacus Global Management insiders own 56.99% of the company. Retail investors account for 12.46% of the ownership. Key individual shareholders include Sean McNealy, Kevin Scott Kirby, and Terrence M. Pegula.