Abacus Global Management Reports Record Revenue Growth

Abacus Life, Inc. ( (ABL) ) has released its Q4 earnings. Here is a breakdown of the information Abacus Life, Inc. presented to its investors.

Abacus Global Management, a prominent player in the alternative asset management sector, specializes in longevity-based assets and personalized financial planning, leveraging data analytics and industry expertise to deliver innovative solutions worldwide.

In its latest earnings report, Abacus Global Management announced record revenue growth for the full year 2024, driven by strategic acquisitions and initiatives. The company reported a 40% increase in fourth-quarter revenue, reaching $33.2 million, and a 63% growth in full-year policy originations.

Key financial highlights include a 69% increase in total revenues for 2024, amounting to $111.9 million, and a significant rise in adjusted net income, which grew by 58% to $46.5 million. Despite a GAAP net loss of $24 million for the year, the company’s adjusted EBITDA increased by 57% to $61.6 million, reflecting strong operational performance.

Looking ahead, Abacus has set an ambitious outlook for 2025, projecting adjusted net income between $70 million and $78 million, indicating a growth of 51% to 68% from the previous year. The company remains optimistic about its market opportunities and is poised to continue its growth trajectory, aiming to enhance shareholder value through strategic initiatives and expanded market reach.