Record-Breaking Revenue Growth
Abacus Global Management reported a total revenue increase of 124% year-over-year to $63 million, marking their 10th consecutive quarter of beating consensus projections.
Adjusted Net Income and EBITDA Growth
Adjusted net income rose 60% to $23.6 million, and adjusted EBITDA increased 127% to $37.9 million, reflecting strong profitability and operational efficiency.
Initiation of Dividend and Share Repurchase Program
Abacus announced the initiation of an annual dividend of $0.20 per share and a $10 million share repurchase program, demonstrating confidence in their strategy and financial stability.
Securitization Milestone
Abacus completed a $50 million above investment-grade securitization product note backed by life insurance assets, opening a new institutional distribution channel and validating institutional demand for longevity-linked assets.
Asset Management Segment Performance
The asset management segment generated $8.6 million in revenue during Q3, with $102 million of new inflows, showcasing successful strategic M&A activity.