ABACUS GLOBAL MANAGEMENT Business Summary

Abacus Global Management Inc. (NYSE: ABX) operates as a vertically integrated alternative asset manager and market maker specializing in the life settlement industry, where it transforms life insurance policies into a liquid investment asset class. The company generates revenue through a diversified mix of transaction-based origination fees, asset management fees (AUM), policy servicing fees, and technology licensing via its proprietary ABL Tech platform. Its business is structured into four primary segments: Life Solutions (origination), Abacus Asset Group (institutional asset management), ABL Tech (mortality verification and data analytics), and ABL Wealth (longevity-based financial planning). As the only publicly traded life settlement specialist on the New York Stock Exchange, Abacus maintains a dominant market position with approximately 26% share, competing directly against private entities such as Coventry Direct, Beca Life Settlements, and Magna Life Settlements by leveraging its superior data-driven valuation models and institutional-grade transparency. The company is led by Chairman and CEO Jay Jackson, who brings over 20 years of experience from Franklin Templeton and FDO Partners, alongside a founding team consisting of Presidents Sean McNealy, Matthew Ganovsky, and Kevin Scott Kirby, who collectively pioneered the firm’s origination infrastructure in 2004. Key executive leadership includes CFO Bill McCauley, Chief Investment Officer Adam Gusky, and Chief Information Security Officer Tim Leonard, who oversees the firm's technological and data security initiatives. The company’s board of directors features notable industry veterans such as Michiel van Katwijk, the former CFO of Transamerica Life Insurance, and Mary Beth Schulte. Significant institutional backing is provided by major shareholders including BlackRock, Vanguard, and billionaire investor Terrence M. Pegula, reflecting the firm's successful transition from a niche provider to a scaled, institutional alternative asset platform.