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Abacus Life, Inc. operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -0.05M | 1.00M | 1.44M |
| Net income | -0.05M | 1.00M | 1.44M |
| Selling general administrative | 8.67M | 7.39M | 6.45M |
| Gross profit | 8.64M | - | - |
| Reconciled depreciation | 0.11M | 0.03M | 0.02M |
| Ebit | 34.80M | 0.35M | - |
| Operating income | -0.04M | - | - |
| Interest expense | 0.01M | - | - |
| Tax provision | 0.00M | 0.00M | 0.00M |
| Interest income | 0.00M | 0.01M | 0.02M |
| Net interest income | -0.01M | 0.01M | 0.02M |
| Income tax expense | 0.89M | - | - |
| Total revenue | 25.20M | 22.59M | 27.37M |
| Total operating expenses | 25.25M | 21.59M | 25.93M |
| Cost of revenue | 16.56M | - | - |
| Total other income expense net | 18.15M | 17.69M | 20.13M |
| Net income from continuing ops | -0.05M | 1.00M | 1.44M |
| Net income applicable to common shares | - | 0.01M | 0.01M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 331.83M | 3.22M | 5.29M | 3.74M |
| Intangible assets | 29.62M | 0.15M | 0.21M | - |
| Other current assets | 0.70M | 0.02M | - | - |
| Total liab | 167.76M | 1.20M | 2.57M | 1.66M |
| Total stockholder equity | 163.93M | 2.01M | 2.72M | 2.08M |
| Other current liab | 3.40M | 0.04M | 0.02M | - |
| Common stock | - | 0.05M | 0.05M | - |
| Capital stock | 0.01M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -34.73M | 25.49M | 0.21M | 2.00M |
| Other liab | - | 1.36M | - | - |
| Good will | 140.29M | - | - | - |
| Other assets | - | 23.42M | - | - |
| Cash | 25.59M | 1.46M | 2.60M | 1.85M |
| Total current liabilities | 23.33M | 1.30M | 1.00M | - |
| Net debt | 114.23M | - | - | - |
| Short long term debt | 13.03M | - | - | - |
| Property plant equipment | - | 0.10M | 0.15M | - |
| Total current assets | 31.78M | 2.22M | 0.19M | - |
| Long term investments | 126.85M | 0.26M | - | - |
| Net tangible assets | - | - | 0.92M | - |
| Short term investments | 2.25M | - | - | - |
| Net receivables | 2.23M | 3.11M | 0.07M | - |
| Long term debt | 126.79M | - | - | - |
| Accounts payable | 0.00M | 0.04M | - | - |
| Non currrent assets other | 1.00M | 0.01M | - | - |
| Non current assets total | 300.05M | 1.00M | - | - |
| Capital lease obligations | 1.91M | 0.30M | 0.37M | 0.07M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -0.06M | -0.25M | -0.25M |
| Change to liabilities | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | -3.70M | -0.28M | -0.28M |
| Net borrowings | 29.36M | 0.78M | 0.78M |
| Total cash from financing activities | -0.69M | 0.38M | 0.38M |
| Change to operating activities | -1.23M | -0.01M | -0.01M |
| Net income | 31.68M | 0.01M | 1.44M |
| Change in cash | 29.95M | -0.03M | -0.03M |
| Begin period cash flow | 2.60M | 1.85M | 1.26M |
| End period cash flow | 1.46M | 2.60M | 1.85M |
| Total cash from operating activities | 10.69M | -0.14M | -0.14M |
| Depreciation | 0.11M | 0.00M | 0.00M |
| Dividends paid | 6.40M | 0.40M | 0.40M |
| Change to account receivables | -0.01M | -0.01M | -0.01M |
| Change to netincome | -19.79M | -19.79M | -19.79M |
| Capital expenditures | 0.08M | 0.03M | 0.03M |
| Change in working capital | -0.45M | 0.31M | -0.55M |
| Other non cash items | 0.00M | - | - |
| Free cash flow | -0.46M | 1.12M | 0.90M |
Sector: Financial Services Industry: Insurance - Life
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ABL Abacus Life Inc. |
-0.30 3.51% |
8.25 | - | - | 13.61 | 4.04 | 22.73 | 9716.00 |
| PIAIF Ping An Insurance |
- -% |
5.96 | 5.78 | 5.15 | 0.13 | 0.85 | 1.31 | - |
| CILJF China Life Insurance Co Ltd |
-0.16 4.62% |
3.30 | 2.96 | 5.06 | 0.23 | 1.11 | 1.10 | - |
| AAGIY AIA Group Ltd ADR |
0.28 0.70% |
40.39 | 12.84 | 11.34 | 3.88 | 2.47 | 2.22 | - |
| AAIGF AIA Group Ltd |
- -% |
10.08 | 12.45 | 10.93 | 3.86 | 2.38 | 2.21 | - |
Abacus Life, Inc. operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jay Jackson | CEO, President & Chairman | 1972 |
| Mr. Todd McNealy | Co-Founder, President, Managing Partner & Director | 1967 |
| Mr. William Hugh McCauley Jr. | Chief Financial Officer | 1972 |
| Mr. Matthew A. Ganovsky | Co-Founder, President & Managing Partner | 1965 |
| Mr. Kevin Scott Kirby | Co-Founder, President & Managing Partner | 1967 |
| Krissy Lubrano | Managing Director of Operations & HR | NA |
| Mr. Christopher David Romaine | General Counsel | 1972 |
| Jeff Smith | Vice President of Marketing | NA |
| Stuart Little | Managing Director of Sales | NA |
| Nick Sawuk | Managing Director | NA |
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