From GlobeNewswire: 2025-03-27 16:15:00

Abacus Global Management reported record full-year revenue and growth, with fourth quarter 2024 total revenue growing 40% year-over-year to $33.2 million. Full-year policy originations also saw a 63% increase to 1,034. The company expects adjusted net income for 2025 to be between $70 and $78 million.

In the fourth quarter of 2024, total revenue grew to $33.2 million, origination capital deployment increased by 41% to $96.6 million, and the number of policy originations reached 214. Adjusted net income more than doubled to $13.4 million, while adjusted EBITDA grew 51% to $16.6 million.

For the full year 2024, total revenues grew 69% to $111.9 million, with originations capital deployment at $327.8 million and 1,034 policy originations. Adjusted net income increased by 58% to $46.5 million, and adjusted EBITDA grew 57% to $61.6 million. Return on invested capital was 15%, and return on equity was 17%.

As of December 31, 2024, Abacus had $128.8 million in cash and cash equivalents, $371.4 million in balance sheet policy assets, and $342.4 million in outstanding long-term debt. The company is initiating its full year 2025 outlook for adjusted net income between $70 million and $78 million, showing significant growth compared to 2024. Abacus Global Management discusses its inability to forecast certain financial items due to various factors such as tax rates and acquisition expenses. The company will hold a webcast and conference call to review its results. Adjusted Net Income, Adjusted EBITDA, and other non-GAAP financial measures are provided to give a clearer picture of the company’s financial performance. Forward-looking statements caution about uncertainties impacting future results. Risk factors influencing Abacus’s business are also outlined in the documents filed with the U.S. Securities and Exchange Commission. Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. The company’s consolidated balance sheet for December 31, 2024, shows total assets of $874,164,752 and total liabilities of $450,870,080. Abacus reported a net loss of $19,009,504 for the fourth quarter of 2024. Adjusted net income for the same period was $13,403,973, with an adjusted EPS of $0.16. The company’s adjusted EBITDA for the quarter was $16,633,029.

Abacus Global Management’s adjusted return on invested capital (ROIC) for the fourth quarter of 2024 was 11%, based on total assets of $874,164,752 and total invested capital of $493,615,680. The company also reported an adjusted return on equity (ROE) of 13% for the same period, with total stockholders’ equity of $423,294,672. Abacus is dedicated to delivering innovative financial solutions that optimize outcomes for individuals and institutions worldwide.

Investor Relations contact information:
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
[email protected]
(321) 290-1198
David Jackson – IR/Capital Markets Associate
[email protected]
(321) 299-0716
Abacus Global Management Public Relations
[email protected]

Abacus cautions investors not to place undue reliance on forward-looking statements and does not guarantee the achievement of expectations. The company’s focus on longevity-based assets and personalized financial planning is backed by proprietary data analytics and industry expertise. Abacus aims to provide financial solutions that optimize outcomes for clients globally.



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