Company Performance - Abacus Life, Inc. (ABL) has gained approximately 11.1% year-to-date, outperforming the average gain of 4.6% in the Finance group [4] - The Zacks Consensus Estimate for ABL's full-year earnings has increased by 2% over the past 90 days, indicating improving analyst sentiment [4] - Abacus Life, Inc. currently holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] Industry Context - Abacus Life, Inc. is part of the Insurance - Life Insurance industry, which consists of 16 individual stocks and is currently ranked 75 in the Zacks Industry Rank [6] - The Insurance - Life Insurance industry has seen an average gain of 1.6% year-to-date, indicating that ABL is performing better than its peers in this specific sector [6] - In contrast, the REIT and Equity Trust industry, to which Annaly Capital Management (NLY) belongs, is ranked 155 and has declined by 2.7% this year [6]

ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ: ABL), a leader in the alternative asset management space, today announced details for the virtual livestream of the Abacus Investor Day and Longevity Summit to be held on Thursday, June 12, 2025, beginning at 9:30AM ET. The Abacus Investor Day and Longevity Summit is a one-day, specialized event focused on applying lifespan to financial products. Abacus will inform its shareholders about the C ...

Group 1: Earnings Performance - Abacus Life, Inc. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.11 per share a year ago, representing an earnings surprise of 12.50% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - The revenue for the quarter ended March 2025 was $44.14 million, surpassing the Zacks Consensus Estimate by 11.72%, compared to $21.49 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Abacus Life, Inc. shares have increased by approximately 5.4% since the beginning of the year, while the S&P 500 has declined by 4.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $44.61 million, and for the current fiscal year, it is $0.77 on revenues of $191.27 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Insurance - Life Insurance sector is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 more than doubled year over year to $44.1 million from $21.5 million [7][13] - Adjusted net income increased to $17.3 million, representing a 158% increase from $6.7 million in the prior year [15] - Adjusted EBITDA also more than doubled to $24.5 million, with an adjusted EBITDA margin of 55.6% compared to 53.9% in the prior year [15] - GAAP net income attributable to stockholders was $4.6 million, compared to a GAAP net loss of $1.3 million in the prior year [15][16] Business Line Data and Key Metrics Changes - Life Solutions revenue was a key driver, with capital deployed increasing 128% to $124.9 million in Q1 2025 compared to $54.6 million in the prior year [13][14] - Asset management revenue for Q1 2025 was $7.8 million, marking the first full quarter of fees from acquisitions made in late 2024 [14] - New AUM inflows for asset management offerings were $151 million, with $123 million coming from newly launched private funds [9][10] Market Data and Key Metrics Changes - As of March 31, 2025, the company held cash and cash equivalents of $43.8 million and balance sheet policy assets valued at $448.1 million [9][16] - The company reported annualized adjusted return on equity of 16% and adjusted return on invested capital of 16.7% [16] Company Strategy and Development Direction - The company aims to solidify its position as a leader in alternative asset management and wealth management, focusing on uncorrelated assets [12] - The rebranding to Abacus Global Management reflects its evolution and expanded global market presence [10] - The company is committed to executing its growth strategy and expanding its brand recognition through new advertising campaigns [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market volatility and achieving full-year 2025 adjusted net income guidance of $70 million to $78 million, implying growth of 51% to 68% [7][16] - The macro environment remains uncertain, but the company believes it is well-positioned to capitalize on opportunities arising from market dislocations [9][12] Other Important Information - The company has purchased over $10 billion in face value of life insurance policies since February 2004 [10] - The technology solutions segment has seen significant growth, with nearly one million lives currently tracked and an additional 700,000 in trial [42] Q&A Session Summary Question: Has there been an uptick in inquiries from policyholders since Liberation Day? - Management noted a noticeable uptick in interest from policyholders seeking liquidity and from investors looking for uncorrelated assets [21][23] Question: How does the company view the new repurchase authorization? - Management discussed the strategic decision to repurchase stock based on valuation and potential returns compared to acquiring new policies [24][25] Question: Is the company fully deployed today? - Management confirmed that the capital deployment in Q1 was higher than historical levels and expressed confidence in continuing to recycle capital effectively [28][30] Question: What are the latest thoughts on the carrier buyback program? - Management indicated ongoing activity in the buyback program and noted increasing competition for assets from investors [32][33] Question: Can you provide an update on the technology solutions segment? - Management reported significant growth in the number of lives tracked and highlighted the potential for cross-selling asset management services [42][44] Question: What is the mix of policy acquisitions? - Management stated that approximately 40% of policy flow was direct to consumer, 40% from financial advisors, and 20% from brokers, maintaining a consistent split [66]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 more than doubled year over year to $44.1 million from $21.5 million [6][13] - Adjusted net income increased to $17.3 million, representing a 158% increase compared to $6.7 million in the prior year [15] - Adjusted EBITDA also more than doubled to $24.5 million, with an adjusted EBITDA margin of 55.6% compared to 53.9% in the prior year [15] - GAAP net income attributable to stockholders was $4.6 million, compared to a GAAP net loss of $1.3 million in the prior year [15] Business Line Data and Key Metrics Changes - Life Solutions revenue was a key driver, with capital deployed increasing 128% to $124.9 million in Q1 2025 compared to $54.6 million in the prior year [13] - Asset management revenue for Q1 2025 was $7.8 million, marking the first full quarter of asset management fees from acquisitions [14] Market Data and Key Metrics Changes - New AUM inflows of $151 million were recorded, with approximately $123 million coming from expanded private fund offerings launched in late February [9][10] - The real assets ETF saw an increase in net new inflows of $44 million in the first quarter [10][72] Company Strategy and Development Direction - The company aims to solidify its position as a leader in alternative asset management and wealth management, focusing on uncorrelated assets [12] - A rebranding to Abacus Global Management reflects the company's evolution and expanded global market presence [10] - The company is committed to executing its growth strategy and expanding its brand recognition through a new advertising campaign [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market volatility and achieving full-year 2025 adjusted net income guidance of $70 million to $78 million, implying growth of 51% to 68% [6][16] - The macro environment remains uncertain, but the company believes it is well-positioned to capitalize on opportunities arising from market dislocations [9][12] Other Important Information - As of March 31, 2025, the company had cash and cash equivalents of $43.8 million and balance sheet policy assets of $448.1 million [9][16] - The company has purchased over $10 billion in face value of life insurance policies since February 2004 [10] Q&A Session Summary Question: Has there been an uptick in inquiries from policyholders since Liberation Day? - Management noted a noticeable increase in inquiries related to policyholder liquidity and investor demand for uncorrelated assets [20][21] Question: How does the company view the new repurchase authorization? - The company considers the repurchase option thoughtfully, evaluating stock valuation against return on equity from policies acquired [23][24] Question: Is the company fully deployed today? - Management confirmed that the capital deployment of nearly $125 million in Q1 was a record and indicated strong origination efforts [27][28] Question: What are the latest thoughts on the carrier buyback program? - Management reported ongoing activity in the carrier buyback program and noted increasing competition for assets [31][33] Question: Can you provide an update on technology solutions? - The technology solutions segment has nearly one million lives under management, with significant growth expected [41][42] Question: What is the mix of policy acquisitions? - Approximately 40% of policy flow was direct to consumer, 40% from financial advisors, and 20% from brokers [66] Question: What is the status of the AUM and advisor strategy? - The company reported significant inflows in both private funds and ETFs, with plans to grow the advisor strategy in the coming quarters [71][77]

Revenue Growth - Total revenues for the three months ended March 31, 2025, were $44,139,346, a significant increase of $22,652,162 or 105.5% compared to $21,487,184 for the same period in 2024[149]. - Asset management revenue surged to $7,773,077, reflecting an increase of $7,555,142 or 3,466.7% year-over-year, primarily due to the Carlisle and FCF acquisitions[151]. - Life solutions revenue rose to $36,298,657, an increase of $15,029,408 or 70.7% compared to $21,269,249 in the prior year, driven by unrealized gains from life insurance policies[152]. - Revenue from the Asset Management segment was $7,773,077 for the three months ended March 31, 2025, a significant increase of $7,555,142 or 3466.7% compared to 2024[168]. - Revenue from the Life Solutions segment increased by $15,029,408, or 70.7%, reaching $36,298,657 for the three months ended March 31, 2025 compared to $21,269,249 in 2024[170]. Profitability - Gross profit increased by $18,264,652 or 97.3%, reaching $37,030,939 for the three months ended March 31, 2025, attributed to higher active management revenue[155]. - Operating income for the period was $21,026,964, compared to $2,253,129 in the same quarter of 2024, marking a substantial improvement[150]. - The net income attributable to common stockholders for the three months ended March 31, 2025, was $4,639,583, a turnaround from a loss of $1,348,745 in the same period of 2024[150]. - Adjusted Net Income for the three months ended March 31, 2025 was $17,252,141, compared to $6,703,951 in 2024[178]. - For the three months ended March 31, 2025, the net income was $5,399,026 compared to a net loss of $1,275,471 in the same period of 2024, representing a significant turnaround[182]. Expenses - Sales and marketing expenses increased by $686,056 or 35.5% to $2,616,000, primarily due to higher advertising costs to support life policy revenue growth[157]. - General and administrative expenses rose by $910,287 or 8.0% to $12,263,786, influenced by payroll expenses related to business acquisitions and legal fees[158]. - Depreciation and amortization expenses increased by $3,076,492 or 182.9% to $4,758,546, linked to the amortization of intangible assets from acquisitions[159]. - Interest expense was $9,618,330 for the three months ended March 31, 2025, an increase of $5,947,885 or 162.0% compared to $3,670,445 in 2024[164]. - Income tax expense rose by $1,160,572, or 98.9%, for the three months ended March 31, 2025 compared to the same period in 2024[166]. Cash Flow and Liquidity - Cash and cash equivalents totaled $43,761,731 as of March 31, 2025, down from $131,944,282 at the end of 2024, indicating a need for careful liquidity management[196]. - For the three months ended March 31, 2025, the company reported a net cash used in operating activities of $(61,590,694), a decrease of $(64,104,982) compared to a net cash provided of $2,514,288 in the same period of 2024[202]. - The net cash used in investing activities increased to $(3,739,403) for the three months ended March 31, 2025, compared to $(253,793) in the prior year, primarily due to a $(3,000,000) purchase of other investments[203]. - Financing activities resulted in a net cash used of $(22,852,454) for the three months ended March 31, 2025, a decrease of $(60,389,803) compared to a net cash provided of $37,537,349 in the same period of 2024, mainly due to $(38,415,464) repayment of long-term debt[204]. Investments and Assets - The total realized gains, net of premiums paid, increased to $13,875,116, a 59.8% increase from $8,683,082 in the previous year[184]. - The aggregate face value of policies held at fair value reached $1,430,721,703, with a corresponding fair value of $446,207,963 as of March 31, 2025[184]. - Assets under management (AUM) stood at $2,542,185,454, a significant increase from the previous year[185]. - The number of policies serviced surged to 2,415, up 223.7% from 746 in the same period of 2024[185]. - The total invested dollars increased to $2,556,019,697, reflecting a 1057.2% growth compared to $220,875,215 in 2024[185]. Future Outlook - The company has a share repurchase plan approved for $15,000,000, with $2,974,863 remaining available for repurchases as of March 31, 2025[198]. - Future capital requirements will depend on revenue growth and expansion activities, with potential plans for additional equity or debt financing[197]. Accounting and Reporting - The company has not reported any material changes to its critical accounting policies or methodologies since the last Annual Report on Form 10-K[205]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[208].

Financial Results Announcement - Abacus Global Management, Inc. announced its financial results for the quarter ended March 31, 2025[4]. - The financial results will be further detailed in the quarterly report on Form 10-Q filed with the SEC[8]. Company Classification and Listing - The company is classified as an emerging growth company under the Securities Act of 1933[3]. - The company is listed on NASDAQ under the trading symbol ABL[2]. Forward-Looking Statements - The report includes forward-looking statements regarding the company's public offering and other strategic initiatives[8]. - Management's expectations and beliefs are subject to risks and uncertainties that may affect actual results[8]. - The company explicitly disclaims any obligation to update forward-looking statements except as required by law[8]. Report Details - A press release detailing the financial results is available as Exhibit 99.1[7]. - The report was signed by CEO Jay Jackson on May 8, 2025[11]. - The company has not yet disclosed specific financial metrics or performance indicators in this report[4].

Investor Presentation May 8, 2025 Abacus Global Management Overview Established in 2004, Abacus is a global alternative asset manager, revolutionizing financial services through expert asset management and data-driven lifespan insights | 20 Years | ~$3 Billion | Technology | ~160 | 2 Offices and 4 | | --- | --- | --- | --- | --- | | | in AUM | First Approach | Employees | Representations | | of track record | across longevity | leveraging | between origination, | across 3 | | | based assets and a | propriet ...

Core Insights - Abacus Global Management, Inc. reported exceptional financial results for the first quarter of 2025, with total revenue more than doubling year-over-year to $44.1 million, driven by increased revenues from Life Solutions and asset management fees from recent acquisitions [1][6][2] Financial Performance - Total revenue for Q1 2025 was $44.1 million, compared to $21.5 million in Q1 2024, representing a growth of over 105% [6] - GAAP net income for Q1 2025 was $4.6 million, a significant turnaround from a net loss of $1.3 million in the prior-year period [6] - Adjusted net income grew 158% year-over-year to $17.3 million, up from $6.7 million in Q1 2024 [6] - Adjusted EBITDA more than doubled to $24.5 million, compared to $11.6 million in the prior-year period, with an adjusted EBITDA margin of 55.6% [6][27] Capital and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $43.8 million and total assets of $856.5 million [4][22] - The company reported outstanding long-term debt of $238.0 million [4] Growth and Market Position - The company attracted $122.8 million in capital inflows for its newly launched funds within the first month, indicating strong market demand [2] - The number of policies held increased to 753 from 322 year-over-year, reflecting growth in the company's Life Solutions segment [6] 2025 Outlook - The company maintains its full-year 2025 outlook for adjusted net income between $70 million and $78 million, implying growth of 51% to 68% compared to 2024 [7]

Group 1 - Abacus Life, Inc. (ABL) is experiencing significant activity in the options market, particularly with the May 16, 2025 $15 Call showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Abacus Life holds a Zacks Rank 3 (Hold) in the Insurance - Life Insurance industry, which is in the top 37% of the Zacks Industry Rank, with recent earnings estimates for the current quarter increasing from 14 cents to 16 cents per share [3] Group 2 - The high implied volatility for Abacus Life may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]