Abacus Life, Inc. (NasdaqCM:ABL) announces a share repurchase program. Under the program, the company will repurchase up to $15 million of the company's common stock. The company expects to fund the repurchases by using cash on hand and expected free cash flow to be generated in the future.

The acquired shares are held as treasury stock carried at cost in the consolidated financial statements. The program will be valid for a period of 18 months.