Abacus Global acquires AccuQuote, terms not disclosed

Abacus Global (ABL) Management announced the acquisition of AccuQuote, a premier online life insurance brokerage company. AccuQuote offers customers quotes from multiple insurance providers through a single platform. The acquisition both strengthens the Company’s financial services platform while removing barriers and expanding access to insurance solutions nationwide, empowering Abacus’ technology stack with accretive solutions. For more than four decades, AccuQuote has helped nearly 350,000 families discern insurance options and secure coverage, writing $156B in life insurance policy benefits, and generating almost $340M in lifetime premiums. AccuQuote allows customers to compare quotes from multiple carriers through a single, user-friendly interface, offering them convenience, optionality, and the ability to enroll in a plan specific to their individual situation. The acquisition provides strategic synergies and underscores Abacus’ commitment to building a holistic wealth approach for its clients. Integrating AccuQuote’s proven digital distribution platform with Abacus’ financial planning, alternative asset management, and longevity-based solutions will better position the company to meet the entire lifecycle of client needs. Building on these strengths, Abacus is confident it will achieve incremental revenue growth by leveraging AccuQuote’s established brand and track record. With this new integration, Abacus can use its robust infrastructure to monetize the thousands of monthly inquiries it receives from policyholders who may not qualify to sell their current policies.