Abacus Global Management, Inc. · NYSE:ABX

Abacus Global Management — Q3 2025 Earnings Presentation

38 slides from Abacus Global Management's earnings presentation, Nov 6, 2025

1. Slide 1: Q3 2025 Investor Presentation

   Q3 2025 Investor Presentation November 6th, 2025 1

2. 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

3. 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,

4. Slide 4: Abacus Global Management Overview

   Abacus Global Management Overview Established in 2004, Abacus is a ~$3.3 Billion in AUM1 ~200 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

5. Slide 5: Executive Management Presenting Q3 2025 Earnings

   Executive Management Presenting Q3 2025 Earnings Delivering Strong Performance with Deep Industry Expertise Jay Jackson Bill McCauley Chairman & CEO Chief Financial Officer 25+ years of experience in longevity assets 20+ years of experience in the life insurance industry Built multiple origination &

6. Slide 6: Why Abacus? Three Pillars of Corporate Strategy

   Why Abacus? Three Pillars of Corporate Strategy Dominant Market Position, Capital Efficiency, Recurring Revenue Growth 1 Dominant Player in an 2 Exceptional Capital 3 Recurring Revenue = Underpenetrated Market Efficiency Multiple Expansion Annual TAM: $255B1 Book Turnover: 2.0x/year Current Mix: 15%

7. Slide 7: Executing on Strategy Growth – Q3 2025

   Executing on Strategy Growth – Q3 2025 Maximizing Shareholder Value YoY Revenue YoY Growth in Total Inflows2 Growth Capital Deployed 124% 10% $102M Abacus seeks to strategically enhance shareholder value through a multifaceted approach that includes robust financial performance, technological innova

8. Slide 8: Building the Growth Machine

   Building the Growth Machine Cross-vertical synergies creating a powerful flywheel effect Revenue Mix Evolution What’s Driving Our Acceleration YTD: $137.7M in revenue • $350.1M in capital deployed • 5,846 YTD 5-YR TARGET qualified policies reviewed Divisions Life Solutions 84% 30% Proof Point: Origi

9. Slide 9: 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  Originates assets for internal and other institutional  Manages longevity funds and ETFs, delivering strong funds risk-adjusted returns through tailored investment  Over $10

10. Slide 10: 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 10 10

11. Slide 11: Abacus Life Solutions: Life Business + Competitive Value Creation

    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

12. Slide 12: Abacus Life Solutions: Life Market Opportunity

    Abacus Life Market Opportunity Solutions::  Life insurance represents one of the largest TAMs in alternative investments, with $13T in outstanding individual policies Secondary Market — $255 Billion1 Policy Sourcing & Origination  Traditional life settlement sourcing via DTC, Broker and Agent chan

13. Slide 13: 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 Sourcing: Portfolio Servicing: Global Distribution  Access to Life Management:  In-house servicing Network: Solutions direct-to- 

14. Slide 14: Abacus Asset Group: Longevity Funds

    20-years of combined track record Abacus Over $10 billion in face value of policies transacted Asset Group: Over $6 billion in face value realized through maturities or sales Longevity ~$2.2 billion of fee-paying AUM across the longevity funds  On-shore income funds Funds  3-to-10-year structures

15. Slide 15: Abacus Asset Group: $6.3B Face Amount Managed

    Abacus Asset 2,948 2,938 $6.3B Group: Policies Serviced  Active Portfolio Insureds  Comprehensive Face Amount  Total Coverage Management Tracking Managed Policy Servicing— Ensuring Integrity & Multi-fund Servicing: Real-Time Reporting: Timeliness 15 Different Funds Live Data + Monthly Reports Cus

16. Slide 16: 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 $862M 70+ Abacus FCF Innovation Leaders ETF US Growth, Disruptive Innovation, Inception: December 2020 Assets Under Management Institutional Holders ABL

17. Slide 17: ABL Tech: Advanced Technology Powering Data-Driven Solutions

    ABL Tech: 97% <1% Advanced National Coverage False Positive Rates Technology Powering Data-  ABL Tech’s MVerify® is a single validation engine aggregating SSA, state vital records, obituary feeds, Driven and other proprietary sources Solutions  Foundational for pension funds, secondary life insura

18. Slide 18: ABL Tech: Growth Trajectory and Market Penetration

    ABL Tech: Growth Trajectory and Market Penetration Unlocking New Revenue Channels From Insurance to Pensions 21x YoY Increase in Lives Tracked 100+ Government and Union Systems Now Using ABL Tech Number of Lives Tracked – ABL Tech High-Probability Market Opportunities Paid Lives 2,652,862 Market Seg

19. Slide 19: 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

20. Slide 20: Abacus Longevity Assets Distribution Strategy

    3 Channels Abacus Multiple Pathways to Institutional Capital Longevity 1 Institutional Sales Assets Direct whole-asset sales to institutional buyers seeking longevity exposure  20+ years of buyer relationships across asset managers, family offices, and insurers Distributionn  Competitive pricing f

21. Slide 21: Securitized Products Issuance of Life Insurance Assets

    Securitized Products Issuance of Life Insurance Assets From Emerging Opportunity to Established Asset Class Abacus aggregates life insurance policies into diversified portfolios, structures them by risk profile, and issues collateral-backed notes to institutional investors, delivering predictable, m

22. Slide 22: Q3 2025 Financial Overview

    Q3 2025 Financial Overview 22

23. Slide 23: Q3 2025 Financial Performance Highlights

    Q3 2025 Financial Performance Highlights Key Quarterly Achievements Q3 2025 vs Q3 2024 Performance 1 Total revenue more than doubles to $63.0 million, compared to $28.1 million in the prior-year period 124% 127% 60% GAAP Net Income attributable to shareholders was $7.1 million, Revenue % Adj. EBITDA

24. Slide 24: Raising FY 2025 Guidance

    Raising — FY 2025 Guidance Reflecting Strong YTD Performance Implied YoY Change Metric Initial FY 2025 Guidance Previous FY 2025 Guidance Current FY 2025 Guidance (%) Adjusted Net Income $70 million - $78 million $74 million - $80 million $80 million - $84 million +72% to +81% $80M - $84M $74M - $80

25. Slide 25: Initiating Annual Dividend

    $0.20 per share Ex-Dividend Date on December 2, 2025 Initiating Why Now? Annual  Transitioned to higher recurring revenue mix (YTD $25.6M, targeting 70%), creating more predictable cash flows Dividend  Capital-efficient model (2.0x turnover) requires minimal reinvestment to sustain growth Expandin

26. Slide 26: Consolidated Proforma Historical Financial KPIs (Q3 2023 – Q3 2025)

    Consolidated Proforma Historical Financial KPIs (Q3 2023 – Q3 2025) Revenue Adjusted Net Income1 ($ in millions) ($ in millions) $23.6 $63.0 $21.9 $56.2 $17.3 $44.1 $14.9 $33.2 $13.4 $11.8 $29.1 $28.1 $23.6 $9.2 $21.1 $21.5 $6.7 $5.9 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3

27. Slide 27: Additional KPIs (Q1 2024 – Q3 2025)

    Additional KPIs (Q1 2024 – Q3 2025) Gross Assets Under Management Fee Paying Assets Under Management1 $3.25B $3.33B $2.99B $3.07B $2.96B $3.11B $2.72B $2.78B $257.49M Balance Sheet Longevity Funds $2.21B Longevity Funds ETFs ETFs $862.61M Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2024 Q1 2025 Q2 2025 Q3 20

28. Slide 28: Additional KPIs (Q1 2024 – Q3 2025)

    Additional KPIs (Q1 2024 – Q3 2025) Annualized Turnover Ratio vs. Target Holding Period Comparison: Owned vs. Sold Policies (Annualized Turnover Ratio) (# of Days) 3.0x 400 363 300 2.0x 2.0x 253 200 1.0x 100 0.0x 0 Actual Turnover Target Range (1.5-2.0x) Days Held (Owned Policies) Days Held (Sold Po

29. Slide 29: 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

30. Slide 30: Q3 2025 Financial Appendix

    Q3 2025 Financial Appendix 30

31. Slide 31: Abacus Global Management, Inc. Income Statement

    Abacus Global Management, Inc. Income Statement Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 REVENUES: Asset management $1,058,250 $59,847 $3,173,732 $176,815 Asset management, related party 7,575,553 56,539 21,995,024 362,394 Life solutions 45,536,880 28,032,

32. Slide 32: Abacus Global Management, Inc. Income Statement (cont’d)

    Abacus Global Management, Inc. Income Statement (cont’d) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 OTHER INCOME (EXPENSE): Gain (loss) on change in fair value of warrant liability (1,081,193) (8,766,500) (1,704,193) (8,487,040) Interest expense (9,738,472)

33. Slide 33: Abacus Global Management, Inc. Adjusted Net Income

    Abacus Global Management, Inc. Adjusted Net Income Three Months Ended September 30, Three Months Ended September 30, 2025 2024 Estimated Estimated Gross Net Gross Net Tax [2] Tax [2] Net income (loss) attributable to Abacus Global Management $7,075,348 $ - $7,075,348 $ (5,125,055) $ - $ (5,125,055)

34. Slide 34: Abacus Global Management, Inc. Adjusted EBITDA

    Abacus Global Management, Inc. Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net Income (Loss) $7,075,348 ($5,284,811) $30,085,303 ($5,908,533) Depreciation and amortization expense 4,400,082 1,745,279 14,342,711 5,177,785 Income tax expense (be

35. Slide 35: Abacus Global Management, Inc. Balance Sheet

    Abacus Global Management, Inc. Balance Sheet September 30, 2025 December 31, (unaudited) 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $86,418,953 $131,944,282 Accounts receivable 30,392,121 15,785,531 Accounts receivable, related party 13,863,196 7,113,369 Income taxes receivable 2,740,362

36. Slide 36: Abacus Global Management, Inc. Balance Sheet (cont’d)

    Abacus Global Management, Inc. Balance Sheet (cont’d) September 30, December 31, 2025 2024 (unaudited) LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt, at fair value $118,498,871 $37,430,336 Current portion of long-term debt 1,000,000 1,

37. Slide 37: Abacus Global Management, Inc. Balance Sheet (cont’d)

    Abacus Global Management, Inc. Balance Sheet (cont’d) September 30, December 31, 2025 2024 (unaudited) COMMITMENTS AND CONTINGENCIES (Note 12) MEZZANINE EQUITY Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000,000 — 5,000 issued and outstanding TOTAL MEZZANINE E

38. Slide 38: Abacus Global Management, Inc.

    GLOBAL MANAGEMENT, INC. NASDAQ | ABL

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