Record Revenue and Profit Growth
Abacus Global Management almost doubled total revenue year-over-year to $56.2 million, increased adjusted net income to $21.9 million, and adjusted EBITDA to $31.5 million, driven by demand for less correlated investments.
Strong Asset Management Performance
New AUM inflows of approximately $142 million with total gross AUM increasing to nearly $3.3 billion. Asset Management business contributed $8.8 million in revenue.
Increased Outlook for 2025
Full year 2025 adjusted net income expected to be between $74 million and $80 million, implying growth of 59% to 72% year-over-year.
Successful Share Repurchase Program
A new $20 million share repurchase program was authorized, and 88% of outstanding warrants were tendered with a plan for the remaining 12% to be converted.
Strategic Operational Metrics
Increase in realized gain on policy sales with an average realized gain of 26.3% for Q2 2025, highlighting effective balance sheet management.