Abacus Global Management, Inc.

ABXFinancial Services

Sentinellis Health Score

4.2/10

Moderate concerns

Market Cap

$890.4M

Revenue

$235.2M

P/E Ratio

24.4x

AI Summary

Abacus buys life insurance policies from original owners and sells them to investors, earning fees and spreads on these transactions [Company Overview]. The company also manages alternative investment funds and provides technology services like real-time mortality verification to the life insurance market [Company Overview]. It distributes through financial advisors, direct-to-consumer channels, and traditional life settlements intermediaries [Company Overview].

Abacus Global Management (formerly Abacus Life) is a $890M alternative asset manager specializing in life insurance policy settlements, where it acts as a market maker between original policy owners and investors [Yahoo Finance]. The company operates three segments: asset management (alternative investment funds), life solutions (buying and selling life insurance policies), and technology services (mortality verification and missing participant services) [Company Overview]. Revenue surged 110% year-over-year to $235M, though free cash flow remains negative and the balance sheet carries moderate debt at 2.5x net debt to EBITDA [Yahoo Finance].

Revenue growth is explosive at +110% year-over-year, but profitability is thin and cash flow is negative [Yahoo Finance].

Confidence3/10