Abacus Life rebrands
Abacus Life has rebranded to Abacus Global Management, reflecting its expanded global presence and broader suite of services across life insurance, asset management, wealth management, and technology. The company’s new website is abacusgm.com.
Founded in 2004, Abacus has purchased more than $10 billion in life insurance policies and now operates through four business divisions:
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Abacus Life Solutions: Focuses on maximizing life insurance value for consumers and supporting insurers with liability management.
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Abacus Asset Group: Manages investments in longevity-based and uncorrelated assets for institutional and select private clients.
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ABL Wealth: Uses proprietary data to deliver personalized wealth strategies based on health and longevity.
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ABL Tech: Develops tools for mortality verification, missing participant tracking, and servicing the secondary life market.
In related news, Abacus reported a 40% increase in revenue to $33.2 million and more than doubled its adjusted net income to $13.4 million for the fourth quarter of 2024. Full-year revenue rose 69% to $111.9 million, with adjusted EBITDA up 57% to $61.6 million and adjusted net income increasing 58% to $46.5 million.
In 2024, the company originated over 1,000 life insurance policies, deploying $327.8 million in capital—up 50% from the prior year.
