Abacus Global Management, Inc. · NYSE:ABX
Abacus Global Management — Q2 2025 Earnings Presentation
34 slides from Abacus Global Management's earnings presentation, Aug 7, 2025
Slide 1: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation August 7th, 2025 abacusgm.com 1
Slide 2: Disclaimer
Disclaimer General. This presentation (this “Presentation”) is provided solely for informational purposes. This Presentation is subject to update, completion, revision, verification and further amendment without notice. None of Abacus Global Management, Inc. (the “Company”, "Abacus", Abacus Global M
Slide 3: Disclaimer
Disclaimer Information provided is for informational and educational purposes only and is not a recommendation to take any particular action, or any action at all, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Investing involves risk,
Slide 4: Abacus Global Management Overview
Abacus Global Management Overview Established in 2004, Abacus is a ~$3.3 Billion in AUM1 ~160 Employees global alternative asset manager, across longevity-based assets between origination, asset revolutionizing financial services and a suite of ETF solutions management, wealth through expert asset m
Slide 5: Maximizing Shareholder Value
Growth – Q2 2025 Maximizing YoY Revenue Growth YoY Growth in Capital Deployed Total Inflows1 Shareholder 93% 16% $142M Value Abacus is strategically enhancing Profitability – Q2 2025 shareholder value through a multifaceted approach that includes robust financial performance, Adjusted Adjusted Adjus
Slide 6: Where Technology, Longevity, and Asset Management Converge
Where Technology, Our mission at Abacus is to revolutionize financial services through expert asset Longevity, and Asset management and data-driven lifespan insights, leveraging advanced technology to deliver Management Converge personalized solutions that optimize financial well-being across every
Slide 7: Strategic Vision
Strategic Vision Abacus Global Management, Inc. “Abacus envisions a future where financial decisions are transformed by the powerful intersection of technology, longevity data, and expert asset management. Through our four integrated verticals—Life Solutions, Asset Management, Private Wealth Managem
Slide 8: The Abacus Advantage: Four Verticals, One Vision
The Abacus Advantage: Four Verticals, One Vision Abacus Life Solutions Abacus Asset Group The Foundation The Growth Engine Transforming life insurance into Delivering superior risk-adjusted returns a high-performing asset class through tailored investment strategies ABL Tech Abacus Wealth Advisors T
Slide 9: Building and Owning Asset Origination Is the Key Driver of Our Business
BUILDING AND OWNING ASSET ORIGINATION IS THE KEY DRIVER OF OUR BUSINESS At Abacus We Control Our Destiny 9 9
Slide 10: Abacus Life Solutions: Life Business Solutions
Abacus Life Business + Competitive = Value Solutions: Model Advantage Creation Our Life Solutions Market leader with over Stable and highly Transforming Life Insurance business is the $10 billion in face value profitable earnings origination engine of policies purchased base for our public int
Slide 11: Policy Sourcing & Origination: $121.8M
Policy Sourcing & Market Opportunity Origination: Secondary Market — $255 Billion1 Traditional life settlement sourcing via DTC, Broker & Driving Our Life Solutions Platform Agent channels 30,000+ Financial Advisors network for policy acquisition Tertiary Market — $29.4 Billion2 3,101 $121.8M
Slide 12: We Control the Entire Asset Value Chain
We Control the Entire Asset Value Chain Vertical integration drives superior outcomes Spreads at Management Servicing Performance origination fees fees incentive fees 12
Slide 13: Abacus Asset Group: Longevity Funds
Abacus Asset Group: 20-years of combined track record Longevity Over $10 billion in face value of policies transacted Over $6 billion in face value realized through maturities or sales Funds Composite gross asset IRRs since inception exceeds high-teens $2.2 billion of fee-paying AUM across the longe
Slide 14: Policy Servicing: $6.2B
Policy 2,860 2,867 $6.2B Servicing: Policies Serviced Active Portfolio Insureds Comprehensive Face Amount Total Coverage Management Tracking Managed Ensuring Integrity and Timeliness Multi-fund Servicing: Real-Time Reporting: 15 Different Funds Live Data + Monthly Reports Best-in-class capabil
Slide 15: Abacus Asset Group: Suite of ETF Solutions
Abacus Asset Group: Featured FCF Leaders ETFs Suite of ETF ABFL Solutions Abacus FCF Leaders ETF US Large Cap, Core, Inception: September 2016 ABOT $826M 70+ Abacus FCF Innovation Leaders ETF US Growth, Disruptive Innovation, Inception: December 2020 Assets Under Management Institutional Holders ABL
Slide 16: ABL Tech: Unlocking Value Through Mortality Intelligence
ABL Tech: 97% <1% Unlocking National Coverage False Positive Rates Value Through ABL Tech’s MVerify® is a single validation engine aggregating SSA, state vital records, obituary feeds, Mortality and other proprietary sources Intelligence Foundational for pension funds, secondary life insurance a
Slide 17: ABL Tech: Growth Trajectory and Market Penetration
ABL Tech: Growth Trajectory and Market Penetration Unlocking New Revenue Channels From Insurance to Pensions 17x YoY Increase in Lives Tracked 100+ Government and Union Systems Now Using ABL Tech Number of Lives Tracked – ABL Tech High-Probability Market Opportunities In Trial 2,033,198 Market Segme
Slide 18: Abacus Wealth Advisors: Personalized Financial Planning Based on Longevity
Abacus Wealth Advisors: Personalized Financial Planning Based on Longevity Leveraging synergies across our business verticals Asset origination Abacus Life Asset sourcing Product distribution Abacus Asset Solutions Abacus Group Wealth Customer & lead engine Advisors Longevity data and technology ABL
Slide 19: Q2 2025 Financial Overview
Q2 2025 Financial Overview 19 19
Slide 20: Abacus Earnings Framework
Abacus Earnings Framework Principal Total Fee Related Expenses & Adjusted Investing Operating Earnings Taxes Net Income Earnings Earnings Asset Active Abacus Life Interest Management Management Solutions Expense, Net Fees Performance Abacus Asset Taxes on Adj. Servicing Income Group
Slide 21: Q2 2025 Financial Performance Highlights
Q2 2025 Financial Performance Highlights Key Quarterly Achievements Q2 2025 vs Q2 2024 Performance 1 Total revenue nearly doubles to $56.2 million, compared to $29.1 million in the prior-year period 93% 89% 87% Adjusted Net Income grew to $21.9 million, compared to Revenue % Adj. EBITDA % Adj. Net I
Slide 22: Raising FY 2025 Guidance
Raising — FY 2025 Guidance Metric Prior FY 2025 Guidance Current FY 2025 Guidance Implied YoY Change (%) Adjusted Net Income $70 million - $78 million $74 million - $80 million +59% to +72% $74M - $80M Key Assumptions and Commentary $70M - $78M We believe we are well-positioned for a strong 2025 t
Slide 23: Consolidated Proforma Historical Financial KPIs (Q2 2023 – Q2 2025)
Consolidated Proforma Historical Financial KPIs (Q2 2023 – Q2 2025) Revenue Adjusted Net Income1 ($ in millions) $56.2 ($ in millions) $21.9 $44.1 $17.3 $14.9 $33.2 $13.4 $29.1 $28.1 $11.8 $23.6 $9.2 $21.1 $21.5 $6.8 $6.7 $11.4 $5.9 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2
Slide 24: Additional KPIs (Q2 2023 – Q2 2025)
Additional KPIs (Q2 2023 – Q2 2025) Gross Assets Under Management Fee Paying Assets Under Management1 $3.3B $3.0B $3.1B $2.8B $262.2M $327.9M Balance Sheet Longevity Funds $2.2B $2.0B Longevity Funds ETFs ETFs $758.5M $825.9M Q1 2025 Q2 2025 Q1 2025 Q2 2025 Capital Deployed for Policy Originations –
Slide 25: Additional KPIs (Q1 2024 – Q2 2025)
Additional KPIs (Q1 2024 – Q2 2025) Annualized Turnover Ratio vs. Target Holding Period Comparison: Owned vs. Sold Policies (Annualized Turnover Ratio) (# of Days) 3.0x 300 243 2.3x 2.0x 229 200 1.0x 100 0.0x 0 Actual Turnover Target Range (1.5-2.0x) Days Held (Owned Policies) Days Held (Sold Polici
Slide 26: Q2 2025 Financial Appendix
Q2 2025 Financial Appendix 26 26
Slide 27: Income Statement
Abacus Global Management, Inc. Income Statement Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 REVENUES: Asset management fees $8,761,876 $204,888 $16,534,953 $422,823 Life solutions 47,300,844 28,871,214 83,599,501 50,140,463 Technology services 161,900 — 229,512 — TOTAL
Slide 28: Income Statement (cont'd)
Abacus Global Management, Inc. Income Statement (cont’d) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 OTHER INCOME (EXPENSE): Gain (loss) on change in fair value of warrant liability 4,183,000 (667,500) (623,000) 279,460 Interest expense (8,752,145) (4,529,187) (18,370,4
Slide 29: Adjusted Net Income
Abacus Global Management, Inc. Adjusted Net Income Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income (loss) attributable to Abacus Global Management $ 17,583,689 $ 769,983 $ 22,223,272 $ (578,762) Net income (loss) attributable to noncontrolling interests 27,240 (1
Slide 30: Adjusted EBITDA
Abacus Global Management, Inc. Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net Income (Loss) $ 17,610,929 $ 651,749 $ 23,009,955 $ (623,722) Depreciation and amortization expense 5,184,083 1,750,452 9,942,629 3,432,506 Income tax expense 4,069,971 1,757,
Slide 31: Balance Sheet
Abacus Global Management, Inc. Balance Sheet June 30, 2025 December 31, (unaudited) 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $74,836,871 $131,944,282 Accounts receivable 14,512,827 15,785,531 Accounts receivable, related party 10,989,251 7,113,369 Income taxes receivable 145,839 2,099,6
Slide 32: Balance Sheet (cont'd)
Abacus Global Management, Inc. Balance Sheet (cont’d) June 30, 2025 December 31, (unaudited) 2024 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt, at fair value $117,869,504 $37,430,336 Current portion of long-term debt 1,000,000 1,000,0
Slide 33: Balance Sheet (cont'd)
Abacus Global Management, Inc. Balance Sheet (cont’d) June 30, 2025 December 31, (unaudited) 2024 COMMITMENTS AND CONTINGENCIES (Note 12) MEZZANINE EQUITY Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 issued and outstanding 5,000,000 — TOTAL MEZZANINE EQUITY
Slide 34: Global Management, Inc.
GLOBAL MANAGEMENT, INC. NASDAQ | ABL
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