The Deal’s 2023 Annual Ranking Shows Abacus Life (ABL) Leads Life Settlement Industry with 26% Market Share in Funds Paid to Clients
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: GlobeNewswire
ORLANDO, Fla., June 06, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a pioneering alternative asset manager specializing in longevity and actuarial technology, announced today that it led the life settlement industry in funds paid to clients in 2023 with a 26% market share according to The Deal, once again bringing premier value to its clients. For 2023, the Company paid clients $220 million in life settlement funds, corresponding to a 26% market share and equating to paying over 20% of policy face value to sellers on average, nearly 32% higher than its closest competitor. Additionally, the Company acquired 640 policies in 2023 with a collective face value of nearly $1.1 billion, marking an impressive 31.4% increase in policies purchased from 2022, and well ahead of annual total industry growth of 4%. “We are thrilled to be able to place $220 million directly into our clients’ hands, once again providing incredible value to our clients,”
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ABL
News
- Abacus Life, Inc. (NASDAQ: ABL) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $12.00 price target on the stock.MarketBeat
- Abacus Life, Inc. (NASDAQ: ABL) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $12.00 price target on the stock.MarketBeat
- Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common Stock [Yahoo! Finance]Yahoo! Finance
- Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common StockGlobeNewswire
- Abacus Life, Inc. (NASDAQ: ABL) had its price target lowered by analysts at B. Riley Financial, Inc. from $16.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
ABL
Sec Filings
- 6/28/24 - Form S-8
- 6/24/24 - Form 8-K
- 6/21/24 - Form 424B1
- ABL's page on the SEC website