olivLaw · US equity research
Abacus Global Management, Inc. ABX
Investment Advice · SIC 6282 · Vertical: Investment Advice (SIC 6282)
Abacus Global Management is a financial services company that combines alternative asset management, the purchase of life insurance policies, longevity technology and wealth advisory. In the second quarter of 2026 revenue reached a record 73.0 million USD, and its longevity funds raised 544.2 million USD of new capital in the first half, showing how much the platform has grown this year.
At the close of 04 Nov 2026, Abacus Global Management, Inc. (ABX) stock was 9.05 USD (+4.99% on the day), with market capitalisation 885.0 m USD, P/E 32.5 on diluted EPS of 0.28 USD over the last 12 months, dividend yield 2.21%, beta 0.84, 52-week range 5.28–12.00 USD. Latest reported quarter (Q2 2026): revenue of 73.0 m USD (+29.9% YoY), net income of 6.6 m USD (−62.3% YoY), diluted EPS 0.07 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 63.3
- strong (55–70)
- Bollinger (20, 2)
- 7.67 – 8.94
- above the upper band · %B 1.08 · band width 15.3%
- SMA 50 / 200
- 8.67 / 9.14
- mixed trend
- MACD (12, 26, 9)
- 0.06 / -0.05
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +9.8% | −1.1% | +10.9 pp | — |
| 3 months | −14.3% | −0.5% | −13.8 pp | — |
| 6 months | −4.1% | +4.4% | −8.5 pp | — |
| Year to date | +5.8% | +12.3% | −6.5 pp | — |
| 1 year | +79.6% | +13.5% | +66.0 pp | −2.8% |
| 3 years | +36.5% | +76.4% | −39.9 pp | +24.7% |
| 5 years | −8.1% | +63.7% | −71.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.1 m | 33.2 m | 44.1 m | 56.2 m | 63.0 m | 71.9 m | 59.4 m | 73.0 m |
| Cost of revenue | 2.2 m | 3.7 m | 7.1 m | 6.1 m | 7.7 m | 8.0 m | 6.3 m | 9.1 m |
| Gross profit | 26.0 m | 29.5 m | 37.0 m | 50.2 m | 55.3 m | 63.9 m | 53.1 m | 64.0 m |
| Operating income | 6.8 m | -16.8 m | 21.0 m | 22.5 m | 22.4 m | 22.8 m | 18.3 m | 21.5 m |
| Depreciation & amortisation | 1.7 m | 2.7 m | 4.8 m | 5.2 m | 4.4 m | 4.3 m | 3.9 m | 4.0 m |
| Interest expense | 4.2 m | 5.9 m | 9.6 m | 8.8 m | 9.7 m | 10.7 m | 10.5 m | 8.3 m |
| Income tax | -250.4 k | 2.8 m | 2.3 m | 4.1 m | 4.7 m | 4.3 m | 3.8 m | 4.3 m |
| Net income | -5.1 m | -18.3 m | 4.6 m | 17.6 m | 7.1 m | 7.2 m | 7.3 m | 6.6 m |
| Diluted EPS | -0.07 | -0.22 ≈ | 0.05 | 0.18 | 0.07 | 0.07 ≈ | 0.07 | 0.07 |
| Operating cash flow | -52.3 m ≈ | -92.0 m | -61.6 m | 76.1 m ≈ | -32.8 m ≈ | -7.4 m | 91.7 m | 39.3 m ≈ |
| Capex | 242.5 k ≈ | 192.8 k | 224.4 k | 423.0 k ≈ | 171.6 k ≈ | 112.5 k | 133.9 k | 862.3 k ≈ |
| Share repurchases | 0 ≈ | 0 | 0 | 35.1 m ≈ | 3.2 m ≈ | 5.5 m | 14.5 m | 9.9 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 56 percentile of its own 9-quarter history (min 13.6, median 23.2, max 447.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | unavailable | 44.7 m | 66.4 m | 111.9 m | 235.2 m |
| Revenue YoY | unavailable | unavailable | +48.5% | +68.6% | +110.2% |
| Net income | 15.8 m | 31.7 m | 9.5 m | -24.0 m | 36.5 m |
| Net income YoY | unavailable | +100.0% | −70.0% | −351.8% | unavailable |
| Diluted EPS | unavailable | 0.63 | 0.16 | -0.34 | 0.36 |
| Diluted EPS YoY | unavailable | unavailable | −74.6% | −312.5% | unavailable |
| net % | unavailable | 70.9% | 14.3% | -21.4% | 15.5% |
| Free cash flow | unavailable | 10.7 m | -64.2 m | -209.6 m | -26.6 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 38.1 m USD
- Financial debt
- 405.8 m USD
- Net debt
- 367.7 m USD
- Equity
- 418.5 m USD
- Total assets
- 902.2 m USD
- Debt / equity
- 0.97x
- Current ratio
- 0.47x
- ROE
- 8.7%
- ROA
- 4.1%
- FCF margin
- -11.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | — | 44.7 m | 66.4 m | 111.9 m | 235.2 m | SEC (XBRL)· 13 Mar 2026verified |
| Cost of revenue | — | 5.9 m | 6.5 m | 11.4 m | 28.9 m | SEC (XBRL)· 13 Mar 2026verified |
| Gross profit | — | 38.8 m | 59.9 m | 100.6 m | 206.4 m | SEC (XBRL)· 13 Mar 2026verified |
| Operating income | — | 33.7 m | 24.1 m | -888.3 k | 88.8 m | SEC (XBRL)· 13 Mar 2026verified |
| Depreciation & amortisation | — | 4.3 k | 3.4 m | 7.9 m | 18.6 m | SEC (XBRL)· 13 Mar 2026verified |
| EBITDA | — | 33.7 m ≈ | 27.5 m ≈ | 7.0 m ≈ | 107.4 m ≈ | SEC (XBRL)· 13 Mar 2026derived |
| Interest expense | — | 42.8 k | 9.9 m | 18.3 m | 38.8 m | SEC (XBRL)· 13 Mar 2026verified |
| Pre-tax income | 15.8 m | -591.1 k | — | — | — | SEC (XBRL)· 18 Apr 2023verified |
| Income tax | — | 889.9 k | 1.5 m | 5.5 m | 15.4 m | SEC (XBRL)· 13 Mar 2026verified |
| Net income | 15.8 m | 31.7 m | 9.5 m | -24.0 m | 36.5 m | SEC (XBRL)· 13 Mar 2026verified |
| Diluted EPS | — | 0.63 | 0.16 | -0.34 | 0.36 | SEC (XBRL)· 13 Mar 2026verified |
| Weighted average diluted shares | — | 50.4 m | 57.8 m | 70.8 m | 99.2 m | SEC (XBRL)· 13 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | 102.4 k | 30.1 m | 25.6 m | 131.9 m | 38.1 m | SEC (XBRL)· 13 Mar 2026verified |
| Current assets | 944.8 k | 33.3 m | 31.8 m | 159.6 m | 69.6 m | SEC (XBRL)· 13 Mar 2026verified |
| Property, plant & equipment, net | — | 18.6 k | 400.7 k | 1.0 m | 1.6 m | SEC (XBRL)· 13 Mar 2026verified |
| Goodwill | — | 0 | 140.3 m | 238.3 m | 252.8 m | SEC (XBRL)· 13 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 0 | 29.6 m | 79.8 m | 66.4 m | SEC (XBRL)· 13 Mar 2026verified |
| Total assets | 346.0 m | 59.1 m | 331.8 m | 874.2 m | 902.2 m | SEC (XBRL)· 13 Mar 2026verified |
| Accounts payable | — | 40.0 k | 0 | — | — | SEC (XBRL)· 21 Mar 2024verified |
| Short-term debt | — | 0 | 0 | 38.4 m | 115.9 m | SEC (XBRL)· 13 Mar 2026verified |
| Long-term debt | — | — | — | 342.4 m | 289.9 m | SEC (XBRL)· 11 May 2026verified |
| Current liabilities | 1.6 m | 1.3 m | 23.3 m | 62.5 m | 148.6 m | SEC (XBRL)· 13 Mar 2026verified |
| Total liabilities | 29.2 m | 30.9 m | 167.8 m | 450.9 m | 478.7 m | SEC (XBRL)· 13 Mar 2026verified |
| Equity | 766.9 k | 28.1 m | 164.1 m | 423.3 m | 418.5 m | SEC (XBRL)· 13 Mar 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | -1.2 m | 10.7 m | -64.0 m | -208.8 m | -25.7 m | SEC (XBRL)· 13 Mar 2026verified |
| Capex | — | 0 | 189.7 k | 786.2 k | 931.4 k | SEC (XBRL)· 13 Mar 2026verified |
| Free cash flow | — | 10.7 m ≈ | -64.2 m ≈ | -209.6 m ≈ | -26.6 m ≈ | SEC (XBRL)· 13 Mar 2026derived |
| Investing cash flow | — | -3.7 m | 2.2 m | -5.0 m | -23.3 m | SEC (XBRL)· 13 Mar 2026verified |
| Financing cash flow | 1.5 m | 23.0 m | 57.3 m | 320.1 m | -44.9 m | SEC (XBRL)· 13 Mar 2026verified |
| Dividends paid | — | — | — | 0 | 19.6 m | SEC (XBRL)· 13 Mar 2026verified |
| Share repurchases | — | 0 | 1.3 m | 10.7 m | 43.8 m | SEC (XBRL)· 13 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 47 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 885.0 m USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet3
- Valuation51
- Quality60
- Growth50
- Returns91
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.14 – 37.17 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)20.89 – 37.17 (Mid 26.88)WACC 8.1% · starting FCFF 122.4 m USD · terminal value share of EV 78%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -22.0%
- Peers: EV/EBITDA3.14 – 11.15 (Mid 8.67)7 companies used · median multiple 11.4x · quartiles 6.0x – 13.8xAPAM, BEN, GCMG, LAZ, MORN, VCTR, VRTS
- Peers: P/E3.30 – 8.03 (Mid 5.95)29 companies used · median multiple 21.4x · quartiles 11.9x – 28.9xAAMI, AMG, AMP, APAM, APO, ARES, BEN, BVC, BX, CG, EVR, FHI, GCMG, GROW, HLI, HNNA, KKR, LAZ, MORN, NOAH, PAX, PJT, RILY, RPC, TROW, VALU, VCTR, VRTS, WHG
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 47/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.2% | 50 (vs peers) | 10% |
| Net margin · Quality | 10.5% | 38 (vs peers) | 6% |
| FCF conversion · Quality | 317.3% | 100 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | 73.9% | 100 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -17.0% | 0 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | 3.0x | 0 (vs peers) | 10% |
| Interest coverage · Balance sheet | 2.2x | 10 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 32.5x | 21 (vs peers) | 10% |
| EV/EBITDA · Valuation | 11.7x | 43 (vs peers) | 10% |
| FCF yield · Valuation | 10.1% | 100 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 5.9% | 85 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 21.9% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet3/100 · 3/3 factors with a value
- Growth50/100 · 2/2 factors with a value
- Quality60/100 · 3/3 factors with a value
- Returns91/100 · 2/2 factors with a value
- Valuation51/100 · 3/3 factors with a value
Memo
Abacus Global Management, Inc. (ABX). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 235.2 m USD in 2025; YoY growth 110.2%; net margin 10.5%; ROE 6.6%; net debt/EBITDA 3.0x.
The estimated value range is 3.30–11.15 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 8.67 USD, the price of 9.05 USD leaves a potential of -4.2% (value / price − 1) and a margin of safety of -4.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 47/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 317.3%
- Revenue CAGR 3Y: 73.9%
- FCF yield: 10.1%
- Shareholder yield (distributions): 5.9%
- Payout ratio (FCF): 21.9%
What contradicts it
- EPS CAGR 3Y: -17.0%
- Net debt / EBITDA: 3.0x
- Interest coverage: 2.2x
- Current ratio: 0.7x
- P/E (TTM): 32.5x
- The valuation methods diverge
Versus the vertical median
Investment Advice (SIC 6282) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BXBlackstone Inc. | 94.3 bn | 28.1 | 40.5% | 21.8% | +9.2% | −14% / +12% |
| KKRKkr & Co. Inc. | 91.0 bn | 28.9 | 10.6% | 14.8% | −11.0% | −17% / +34% |
| APOApollo Global Management, Inc. | 72.5 bn | 43.8 | 9.3% | 5.2% | +22.7% | −7% / +33% |
| AMPAmeriprise Financial, Inc. | 45.8 bn | 11.9 | 72.0% | 20.7% | +5.5% | +16% / +49% |
| TROWPrice T Rowe Group Inc | 24.0 bn | 11.3 | 19.7% | 28.4% | +3.1% | +10% / +12% |
| BENFranklin Resources Inc | 17.2 bn | 22.8 | 6.8% | 8.7% | +3.5% | +50% / +37% |
| CGCarlyle Group Inc. | 15.2 bn | 44.6 | 5.2% | 10.1% | −11.9% | −22% / +25% |
| ARESAres Management Corporation | 14.1 bn | 22.2 | 15.3% | 12.0% | +28.9% | −13% / +22% |
| IVZInvesco Ltd. | 12.9 bn | — | -0.6% | -1.2% | +5.1% | +20% / +106% |
| AMGAffiliated Managers Group, Inc. | 9.4 bn | 17.8 | 18.9% | 26.9% | +1.6% | +36% / +169% |
| MORNMorningstar, Inc. | 9.1 bn | 21.4 | 35.1% | 17.0% | +7.5% | +14% / −14% |
| VCTRVictory Capital Holdings, Inc. | 7.4 bn | 20.6 | 19.0% | 29.6% | +46.2% | +91% / +274% |
| MAASMAASE Inc. | 4.9 bn | — | -7.2% | -102.1% | −75.2% | +182% / −95% |
| LAZLazard, Inc. | 4.5 bn | 24.4 | 20.6% | 5.5% | +1.5% | −19% / +36% |
| PJTPJT Partners Inc. | 3.9 bn | 19.7 | 83.2% | 10.6% | +14.8% | −6% / +76% |
| APAMArtisan Partners Asset Management Inc. | 3.3 bn | 9.3 | 73.1% | 24.5% | +7.6% | −2% / +7% |
| AAMIAcadian Asset Management Inc. | 3.3 bn | 32.4 | — | 15.2% | +11.5% | +104% / +425% |
| NOAHNoah Holdings Ltd | 2.4 bn | 30.7 | 5.8% | 21.4% | +4.8% | −31% / −45% |
| ABXAbacus Global Management, Inc. | 885.0 m | 32.5 | 6.6% | 10.5% | +110.2% | +80% / +37% |
| VRTSVirtus Investment Partners, Inc. | 853.6 m | 7.4 | 12.6% | 14.0% | −6.0% | −19% / −34% |
| GCMGGCM Grosvenor Inc. | 550.6 m | 30.0 | 682.1% | 7.8% | +8.5% | +19% / +61% |
| VALUValue Line, Inc. | 416.6 m | 21.0 | 18.7% | 60.3% | −4.7% | +20% / +6% |
| WHGWestwood Holdings Group, Inc. | 182.5 m | 21.9 | 6.4% | 7.8% | +3.2% | +14% / +75% |
| RILYBRC Group Holdings, Inc. | 154.0 m | 0.3 | — | 35.9% | +29.6% | −12% / −79% |
| BVCBitVentures Limited | 138.6 m | 39.8 | 28.9% | 687.6% | unavailable | +1,203% / −76% |
1- and 3-year price returns: for ABX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 6.13 Total return -32% · Per year -32% | 10.79 Total return 19% · Per year 19% | 16.18 Total return 79% · Per year 79% |
| 3 years | 7.27 Total return -20% · Per year -7% | 14.26 Total return 58% · Per year 16% | 23.30 Total return 157% · Per year 37% |
| 5 years | 8.62 Total return -5% · Per year -1% | 18.86 Total return 108% · Per year 16% | 33.55 Total return 271% · Per year 30% |
- Exit P/E± 3.57
- Net margin± 2.50
- Annual revenue growth± 1.86
- Annual dilution± 0.21
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Abacus Global Management is a financial services company that combines alternative asset management, the purchase of life insurance policies, longevity technology and wealth advisory. In the second quarter of 2026 revenue reached a record 73.0 million USD 3, and its longevity funds raised 544.2 million USD of new capital in the first half 3, showing how much the platform has grown this year.
SWOT
Strengths
- The company holds a significant share of the life policy industry, a broad network of financial advisors and a fast-growing base of managed assets 1.
- The platform generates meaningful operating cash flow and revenue has grown from quarter to quarter 3.
- The company operates in many states with licences that are hard to obtain, creating a barrier for competitors 1.
Weaknesses
Opportunities
- The secondary policy market has large growth potential, and the company could gain share if client education advances 1.
- Launching a registered fund for individual investors could open access to a new client base 3.
- The partnership with Manning & Napier could bring a new network of advisors to the LifeARC platform 3.
Threats
- Securities and insurance regulation could impose extra requirements and limit investments 1.
- Negative public perception of the industry and opposition from insurance carriers could affect the value and liquidity of investments 1.
- Rising premium costs or changes in life expectancy estimates could lower returns on policies held 1.
Risks
- Uncertain policy valuationhigh
The value of policies depends on life expectancy estimates, and errors could lead to adjustments of reported asset values 1.
- High indebtednesshigh
Debt and interest costs could limit financial flexibility, especially if revenue falls 3.
- Credit risk of insurance carriersmedium
The company depends on insurance carriers paying policies, and a default could affect profits 1.
- Regulation and litigationmedium
Lawsuits in various states question insurable interest, and an adverse ruling could have a significant effect 1.
- Share price volatilitylow
The share price has been volatile and could continue to move with factors outside the company's control 1.
Investment thesis
What would need to be true (bull case)
- If capital inflows into longevity funds continue and shift toward individual investors, management revenue could return to growth.
- The adjusted EBITDA margin remains high, showing the platform can grow without losing operating efficiency 3.
- Tokenisation of policies and distribution partnerships could widen the market the company can reach.
What would break the thesis
What to watch
- Development of asset management revenue after the second quarter 2026 declineQ3 2026
- Delivery of the 2026 adjusted EPS guidance2026
- Capital raised by the ABX Longevity Growth and Income Fund2026
- Debt levels and cash flow in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Abacus builds its activity around buying and managing life insurance policies on the secondary market, where the company presents itself as one of the largest buyers in the United States 1. Its revenue model combines origination fees based on the face value of the policy, spreads from selling policies to institutional investors and fees for servicing third-party portfolios 1. The company is organized into four divisions: Life Solutions, Asset Management, Intel and Wealth Advisors 1.
On the capital side, the company reported cash of 23.4 million USD and total debt of 330.6 million USD at June 30, 2026 3, and operating cash flow for the first half reached 130.9 million USD 3. These figures show the platform generating more cash as its longevity fund assets grow.
Segments
Market context
The secondary life insurance policy market is valued at about 224 billion USD a year, according to a 2025 study cited by the company 1. Abacus says it held about 26% of industry capital invested in 2023 1, yet in 2024 the industry captured only about 2% of the annual market of lapsed policies 1, leaving room for growth.
The market is strictly regulated in each state and entry barriers are high, which could protect licensed companies but could also limit how fast a newcomer expands in certain segments 1.
Trends
- Growth of longevity fundstailwind
Longevity funds attracted 544.2 million USD in the first half of 2026 3, which could support management revenue if capital inflows continue in the coming quarters.
- Institutional demand for uncorrelated assetsmixed
Institutional investors seek assets weakly correlated with the market, and the company says this demand has supported favorable prices for policies it sold 1. If demand falls, realized margins could fall as well.
- Pressure on management revenueheadwind
Lower assets in some funds reduced management revenue in the second quarter of 2026 2, showing that this segment can be sensitive to investor capital flows.
- Digitalisation and tokenisationtailwind
The company began tokenising in-force policies, which could bring more transparency to the secondary market, although the effect on revenue is still uncertain 3.
Competitive position
Competitive risks include insurance carriers that originate policies, life insurance brokers and investment funds that may buy the same assets 1. Competition could push purchase prices of policies down and compress margins.
The market is fragmented among several players, and partnerships such as the one with Manning & Napier show Abacus trying to differentiate itself through its own distribution channels 3.
- Life insurance carriers that originate policies
Direct competition for acquiring policies, cited as a risk in the annual report 1.
- Life insurance brokers
Intermediaries that can take policies before the company does, a risk noted in the annual report 1.
- Alternative asset investment funds
Investors that can compete for the same policy portfolios 1.
- Wealth management firms
Competition in financial advisory and longevity products, an area where Abacus has expanded 3.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Abacus Worldwide adds WSP Biz Advisory to international networkYahoo Finance — News · 24 Aug 2026 · EN
SEC filings
- Current report24 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report13 Aug 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report06 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report02 Jul 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Current report10 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report04 Jun 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Current report27 May 2026Other events · Financial statements and exhibits
- Quarterly report11 May 2026
- Current report07 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Abacus Global Management, Inc. · 13 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Abacus Global Management, Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Abacus Global Management, Inc. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.