Abacus Global Bolsters Financial Services Platform with AccuQuote Acquisition

Abacus Global Management has acquired AccuQuote, a leading online life insurance brokerage, to enhance its financial services platform. AccuQuote brings 40 years of industry experience and a user-friendly comparison platform, allowing customers to select coverage tailored to their individual needs. The acquisition aligns with Abacus' mission to build a comprehensive wealth management platform, serving clients across every stage of their financial journey.

Abacus Global Management (NASDAQ: ABL) has announced the acquisition of AccuQuote, a leading online life insurance brokerage platform, to enhance its financial services offerings. The acquisition aims to broaden Abacus' nationwide access to insurance solutions and integrate AccuQuote's digital distribution system with its existing financial planning, alternative asset management, and longevity-based products.

Founded over four decades ago, AccuQuote has assisted nearly 350,000 families in obtaining life insurance coverage, issuing approximately $156 billion in policy benefits and generating close to $340 million in lifetime premiums. The platform enables users to compare quotes from multiple carriers through a single interface, making it easier for customers to select coverage tailored to their individual needs.

Abacus, which specializes in alternative asset management, expects to leverage AccuQuote's established brand to achieve incremental revenue growth. The company also plans to monetize inquiries from policyholders who may not qualify to sell their current policies. By integrating AccuQuote's technology, Abacus aims to deliver a comprehensive wealth management platform that addresses both wealth accumulation and preservation needs throughout the client lifecycle.

"The acquisition of AccuQuote further expands the breadth of our financial services platform," said Jay Jackson, Chairman and CEO of Abacus. "By integrating their specialized digital insurance marketplace with our wealth management capabilities, we’re eliminating traditional barriers between protection planning and asset growth."

Jeremy Hewett, CEO of AccuQuote, stated that joining Abacus would allow the company to "significantly expand our impact in the insurance marketplace."

This strategic move comes as Abacus Life Inc. reported a 93% increase in revenue for the second quarter of 2025, reaching $56.2 million, and an 87% rise in adjusted net income, amounting to $21.9 million. The company also saw a 70% revenue growth in the last twelve months, with a current ratio of 0.76, indicating potential challenges in meeting short-term obligations.

Abacus Global Management, Inc. has been added to the Russell 2000 and Russell 3000 indexes as part of the 2025 Russell indexes reconstitution, reflecting its growing presence in the market. The company will release its third-quarter 2025 financial results on November 6, 2025.