Abacus Global Management, Inc. (Nasdaq: ABL) reported a 93% increase in second quarter total sales, reaching $56.2 million compared to $29.1 million the previous year. Adjusted net income rose 87% to $21.9 million, with adjusted diluted earnings per share at $0.22. Adjusted EBITDA also increased by 89% to $31.5 million. The company raised its full year outlook, expecting adjusted net income between $74 million and $80 million. Abacus CEO Jay Jackson attributed the strong performance to robust demand for policyholder liquidity and increased inflows for their asset management offerings.

Read more at Yahoo Finance: Abacus Global Management Delivers Strong Q2 Earnings, Upgrades FY Outlook