A-CAP Provides Q2 Financial Update and Highlights Key Asset Transactions that Enhance Policyholder Benefits and Demonstrate Operational Excellence

Business Wire

NEW YORK--(BUSINESS WIRE)--
A-CAP Group ("A-CAP" or "the Company"), a New York-based insurance and financial services company with over $12 billion in assets, is pleased to share a comprehensive business update, including financial results as of June 30, 2025, notable asset transactions, product enhancements, and strategic operational developments.

Q2 Financial Highlights

Atlantic Coast Life Insurance Company ("Atlantic Coast Life") and Sentinel Security Life Insurance Company ("Sentinel") have recently filed their second quarter statutory reports. As of June 30, 2025, Atlantic Coast Life and Sentinel report Total Adjusted Capital of $125,168,922 and $192,243,179 respectively, with Capital and Surplus of $100,359,113 and $128,276,676 as documented in their statutory financial filings.

“We are pleased to deliver a solid quarter with combined Total Adjusted Capital exceeding $300 million dollars. The second quarter results reflect the resilience of our business model and the discipline of our professionals,” said Kenneth King, Chairman and CEO of A-CAP Group. “Our results demonstrate meaningful progress on our strategic priorities, and we are well-positioned to create sustained long-term value for our stakeholders while maintaining the financial strength to continue to serve our policyholders."

Key Asset and Operational Highlights

A-CAP has continued to strengthen its asset management portfolio throughout the second quarter, building upon its established track record of performance excellence. The Company successfully executed several strategic transactions involving assets recaptured from a single reinsurer [“777’] in 2024, following the reinsurer’s double rating downgrade by AM Best. A-CAP proactively implemented measures to recapture and manage these assets, including the engagement of industry-leading valuation experts to validate asset valuations, refinancing assets and executing strategic sales.

A-CAP provided the following financial highlights on recent key assets transactions:

A-CAP closed on a $300mm PDP facility for Phoenix Aviation in Q2 2025 and closed on an additional $300mm senior secured credit facility in June 2025
Phoenix Aviation closed a $600mm senior unsecured notes offering in June 2025
The sale of A-CAP’s equity interest in Melbourne Victory Limited (“MVL”), an Australian football club which plays in the Australian A-League, was completed in Q1 2025 and A-CAP recouped its entire position in MVL
In Q2 2025, A-CAP completed the sale of Standard de Liege (“SDL”), a Belgium football club which plays in the Belgian Pro League, for proceeds that are in-line with 3rd party valuations of SDL
In Q3 2025, A-CAP completed a capital raise with BDT & MSD to further reduce its exposure to football assets and enhance financial flexibility, creating over $70mm of cash

"These transactions generated significant value for our partners and policyholders and showcase A-CAP’s exceptional operational and risk management capabilities,” added King. "Our ability to navigate and manage complex situations while protecting policyholder interests is a key element of our strategic approach, and these recent successes reflect the expertise of our team and the strength of our partnerships."

In addition to the highlights on these successful asset transactions, A-CAP has provided a comprehensive presentation that outlines:

Key insights on A-CAP's platform and business model
Investment strategies and approach to capital management
Risk management framework and operational proficiencies
Key financial metrics demonstrating the strength of its balance sheet
Value generation approach for policyholders, annuity owners, and partners

For more information and to access A-CAP’s presentation, please visit A-CAP’s website at www.acap.com/news, or access the deck directly via this link: https://www.acap.com/news/acap-fall-pdf

Risk Management Enhancements

A-CAP has appointed Ray Spudeck as Chief Compliance Officer to further enhance our rigorous compliance standards. In this role, Mr. Spudeck will work closely with regulators, ensure robust corporate governance, oversee corporate activities, and support the management team.

"We are delighted to welcome Ray to this critical role,” added King. “His wealth of experience spans the financial services and insurance regulation sectors, positioning him to add immediate value to our compliance and regulatory relations efforts.”

Product Updates

In July, Atlantic Coast Life and Sentinel enhanced their multi-year guaranteed annuities ("MYGAs") with increased rates, positioning these products competitively across all durations—consistent with the companies' historical market approach. Both companies are also refining the rates and benefits of their fixed-indexed annuities ("FIAs") to offer a comprehensive portfolio that effectively addresses the financial and retirement needs of policyholders and annuity owners.

“We’re thrilled to offer more competitive rates in our MYGA products,” added King. “This is just another example of our commitment to deliver value through an exceptional product portfolio to our agents and annuity owners.”

About A-CAP

A-CAP is a holding company with a diverse portfolio of insurance and financial businesses on its integrated platform. These include primary insurance carriers, an SEC-registered investment adviser, reinsurance vehicles, and marketing organizations. With extensive expertise across insurance and investment sectors, A-CAP's management team delivers comprehensive services to policyholders, insurance company clients, and capital partners. Founded in 2013, A-CAP is privately held with offices in New York, Charleston, Miami, and Salt Lake City. For more information, visit www.acap.com.