Abacus Global Management, Inc. · NYSE:ABX
Abacus Global Management — Q3 2026 Earnings Presentation
44 slides from Abacus Global Management's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Investor Presentation
Q3 2026 Investor Presentation Q3 2026 Investor Presentation November 5th, 2026
Slide 2: Disclaimer
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", "Aba
Slide 3: Abacus Global Management Overview
Abacus Global Management Overview Abacus Global Management Overview Established in 2004, Abacus is a ~$3.8 Billion in AUM1 ~325 Employees global alternative asset manager, across longevity-based assets between origination, asset revolutionizing financial services and a suite of ETF solutions managem
Slide 4: 20+ Years of Growth
20+ Years of Growth Key Milestones at a Glance 20+ Years of Growth Key Milestones at a Glance 2004 $10B+ 6 30+ 4 C OMP ANY F ACE V ALU E G LOB A L OF FI CES/ C O UN T R I ES BUS INESS F OU ND ED P URC H ASED REP L OCATI ON S REACHED D IV ISI ON S 2004 ~2010s 2019 Jul 2023 2024 Feb 2025 Dec 2025 Foun
Slide 5: The Abacus Advantage: Four Verticals, One Vision
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-adjust
Slide 6: Why Abacus? Three Pillars of Corporate Strategy
Why Abacus? Three Pillars of Corporate Strategy Building Durable Value Through Market Leadership Why Abacus? Three Pillars of Corporate Strategy Building Durable Value Through Market Leadership 1 2 3 Dominant Player in Exceptional Capital Fee Related Underpenetrated Earnings = Multiple Efficiency Ma
Slide 7: Executing on Strategy
Executing on Growth – Q3 2026 Strategy Maximizing Shareholder Value YoY Revenue YoY Growth in Total Capital Growth Capital Deployed Inflows2 Abacus seeks to strategically enhance $486M shareholder value through a multifaceted approach that includes robust financial performance, technological innovat
Slide 8: Accelerating Cash Conversion
Accelerating Cash Conversion Cash EBITDA has exceeded Adjusted EBITDA in each quarter since Q4 2025 Accelerating Cash Conversion Cash EBITDA has exceeded Adjusted EBITDA in each quarter since Q4 2025 Quarterly Comparison Adjusted EBITDA to Cash EBITDA, 9M 2026 ($ in Millions) ($ in Millions) $63.4 +
Slide 9: Q4 2026 Guidance
Q4 2026 Guidance Enhancing Near-Term Visibility Q4 2026 Guidance Enhancing Near-Term Visibility Q4 2025 Q4 2026 Metric Implied YoY Change (%) Actual Guidance Adjusted Net Income (Gross)1 $23.0 million $28 million - $30 million Up to +30% Adjusted EPS (Gross)1 $0.23 $0.28 - $0.30 Up to +30% Key Assum
Slide 10: FY 2026 Guidance
FY 2026 Guidance Positioned for Continued Growth FY 2026 Guidance Positioned for Continued Growth FY 2025 FY 2026 Metric Implied YoY Change (%) Actual Guidance Adjusted Net Income (Gross)1 $85.7 million $104.5 million - $106.5 million Up to +24% Adjusted EPS (Gross)1 $0.86 $1.05 - $1.07 Up to +24% $
Slide 11: From Origination to Platform
From Origination to Platform The Revenue Transformation Underway From Origination to Platform The Revenue Transformation Underway Key Growth Drivers by Division Revenue Mix Evolution ▪ Securitization created third distribution channel, compressing capital costs and accelerating YTD 2028E 2030E turno
Slide 12: Abacus Life Solutions: Policy Sourcing & Origination
Abacus Life Solutions: Policy Sourcing Origination Market Opportunity Abacus Life Life insurance represents one of the largest TAMs in alternative Solutions: ▪ investments, with $14T1 in outstanding individual policies Secondary Market — ~$228 Billion2 Policy Sourcing & Origination ▪ Traditional lif
Slide 13: Abacus Asset Group: Longevity Funds
20-years of combined track record Abacus Over $10 billion in face value of policies transacted Over $8 billion in face value realized through maturities or sales Asset Group: ~$2.8 billion of fee-paying AUM2 across the longevity funds Longevity ▪ On-shore income funds ▪ 3-to-10-year structures with
Slide 14: Abacus Longevity Assets Distribution Strategy
3 Channels Multiple Pathways to Institutional Capital 3 Channels Abacus Multiple Pathways to Institutional Capital Longevity 1 Institutional Sales Direct whole-asset sales to institutional buyers seeking longevity exposure Assets ▪ 20+ years of buyer relationships across asset managers, family offic
Slide 15: The Abacus Flywheel: Securitization Adds Speed
The Abacus Flywheel: Securitization Adds Speed Cheaper, broader capital lets every turn of the wheel fund the next The Abacus Flywheel: Securitization Adds Speed Cheaper, broader capital lets every turn of the wheel fund the next Why Securitization? Originate Life Solutions · 10,000+ leads/mo Cheape
Slide 16: Q3 2026 Securitization
Q3 2026 Securitization Oversubscribed and upsized, with a foundation built for future deals Q3 2026 Securitization Oversubscribed and upsized, with a foundation built for future deals $400M+ ~8x Investment Grade Upsized Total structure¹ Size of our inaugural deal Rated Class A and B notes On oversub
Slide 17: Distribution Channel Evolution
Distribution Channel Evolution Securitization offers Abacus an incremental, scalable channel for policy distribution Distribution Channel Evolution Securitization offers Abacus an incremental, scalable channel for policy distribution S T AGE 1 · 2004 → S T AGE 2 · 2023 → S T AGE 3 · 2025 Institution
Slide 18: Abacus Asset Group: Policy Servicing
Abacus Asset Group: Policy Servicing—Ensuring Integrity Timeliness Abacus Asset Group: 3,905 3,649 $8.0B Policies Serviced Insureds Face Amount Policy Servicing—Ensuring ✓ Active Portfolio ✓ Comprehensive ✓ Total Coverage Integrity & Timeliness Management Tracking Managed Multi-Fund Servicing: Real-
Slide 19: Abacus Asset Group: Suite of ETF Solutions
Abacus Abacus FCF Advisors Asset Group: The Abacus Free Cash Flow Leaders Model focuses on the core factors Suite of ETF of FCF-ROIC to generate returns from organic and sustainable sources: Prudent Capital Expenditure, High Cash Flow Margin, Strong Asset Turnover, and Low Accruals. Solutions Featur
Slide 20: Abacus Intel
97% 97% <1% National coverage False positive rate MVerify® is one validation engine—aggregating SSA, state vital records, Abacus Intel obituary feeds, and other proprietary sources. Validated mortalities = realized gains, reduced leakage, and higher Advanced Technology confidence in projections. Pow
Slide 21: Abacus Intel: Built to Scale
Abacus Intel: Built to Scale Unlocking New Revenue Channels From Insurance to Pensions Abacus Intel: Built to Scale Unlocking New Revenue Channels From Insurance to Pensions +196% YoY Increase in Lives Tracked 100+ Government and Union Systems Now Using Abacus Intel Number of Lives Tracked – Abacus
Slide 22: Abacus Wealth Advisors: LifeARC
Abacus Wealth Advisors: LifeARC Lifespan is Not a Straight Line—It is an ARC of Probabilities Abacus Wealth Advisors: LifeARC Lifespan is Not a Straight Line—It is an ARC of Probabilities The Planning Problem LifeARC Early Traction Since Launch Traditional financial planning treats everyone like the
Slide 23: Abacus Wealth Advisors: Manning & Napier
Abacus Wealth Advisors: Manning Napier The Strategic Opportunity Abacus Wealth Advisors: Manning & Napier The Strategic Opportunity The minority investment that supports the model: one relationship, three opportunities to turn consumer scale into durable asset-management growth. Lead Generation & Re
Slide 24: We Control the Entire Asset Value Chain
We Control the Entire Asset Value Chain Vertical integration drives superior outcomes 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 Distribut
Slide 25: Q3 2026 Financial Overview
Q3 2026 Financial Overview Q3 2026 Financial Overview 25
Slide 26: Q3 2026 Financial Performance Highlights
Q3 2026 Financial Performance Highlights Q3 2026 Financial Performance Highlights Key Quarterly Achievements Q3 2026 vs Q3 2025 Performance 1 Total revenue increased to $76.9 million, compared to $63.0 million in the prior-year period 22% 12% 24% Revenue % Gross Adj. EBITDA Adj. Net Income GAAP Net
Slide 27: Increasing Annual Dividend
$0.22 per share Up 10% from $0.20 per share last year Record Date as of December 1, 2026 Increasing Annual Dividend Increasing Why Increase Now? Annual ▪ ▪ Company is on track for another record-breaking year in terms of earnings and capital deployment Capital-efficient model (3.0x turnover) require
Slide 28: Consolidated Proforma Historical Financial KPIs
Consolidated Proforma Historical Financial KPIs (Q3 2024 – Q3 2026) Revenue Adjusted Net Income1 ($ in millions) ($ in millions) $29.4 $73.0 $76.9 $27.1 $71.9 $63.0 $23.6 $23.0 $20.1 $56.2 $59.4 $21.9 $44.1 $17.3 $14.9 $13.4 $33.2 $28.1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Slide 29: Additional KPIs (Q3 2024 – Q3 2026)
Additional KPIs (Q3 2024 – Q3 2026) Gross Assets Under Management Fee Paying Assets Under Management1 $3.80B $3.42B $3.56B $3.56B $3.54B $3.28B $3.27B $3.24B $3.33B $2.99B $3.07B $3.25B $370.36M Balance Sheet Longevity Funds Longevity Funds $2.77B ETFs ETFs $649.89M Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q
Slide 30: Additional KPIs (Q1 2024 – Q3 2026)
Additional KPIs (Q1 2024 – Q3 2026) Annualized Turnover Ratio vs. Target Holding Period Comparison: Owned vs. Sold Policies (Annualized Turnover Ratio) (# of Days) 4.0x 400 3.0x 3.0x 300 2.0x 212 200 1.0x 100 62 0.0x 0 Actual Turnover Target Range (1.5-2.0x) Days Held (Owned Policies) Days Held (Sol
Slide 31: Q3 2026 Financial Appendix
Q3 2026 Financial Appendix Q3 2026 Financial Appendix 31
Slide 32: Income Statement (Unaudited)
Abacus Global Management, Inc. Income Statement (Unaudited) Abacus Global Management, Inc. Income Statement (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 REVENUES: Asset management $ 821,588 $ 1,058,250 $ 2,640,392 $ 3,173,732 Asset management, rela
Slide 33: Income Statement (Unaudited) (cont'd)
Abacus Global Management, Inc. Income Statement (Unaudited) (cont’d) Abacus Global Management, Inc. Income Statement (Unaudited) (cont’d) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 OTHER INCOME (EXPENSE): Loss on change in fair value of warrant liability — (
Slide 34: Adjusted Net Income
Abacus Global Management, Inc. Adjusted Net Income Abacus Global Management, Inc. Adjusted Net Income Three Months Ended September 30, 2026 Three Months Ended September 30, 2025 Gross Estimated Tax [2] Net Gross Estimated Tax [2] Net NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 14,516
Slide 35: Adjusted Net Income
Abacus Global Management, Inc. Adjusted Net Income Abacus Global Management, Inc. Adjusted Net Income Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025 Gross Estimated Tax [2] Net Gross Estimated Tax [2] Net NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 28,409,8
Slide 36: Adjusted EBITDA
Abacus Global Management, Inc. Adjusted EBITDA Abacus Global Management, Inc. Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 NET INCOME $ 14,516,582 $ 7,075,348 $ 28,409,816 $ 30,085,303 Depreciation and amortization expense 4,117,078 4,400,082 1
Slide 37: Balance Sheet
Abacus Global Management, Inc. Balance Sheet Abacus Global Management, Inc. Balance Sheet September 30, 2026 (Unaudited) December 31, 2025 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 104,031,612 $ 38,112,332 Accounts receivable 14,037,453 18,082,473 Accounts receivable, related party 12,104,4
Slide 38: Balance Sheet (cont'd)
Abacus Global Management, Inc. Balance Sheet (cont’d) Abacus Global Management, Inc. Balance Sheet (cont’d) September 30, 2026 (Unaudited) December 31, 2025 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt, at fair value $ 38,764,678 $ 11
Slide 39: Balance Sheet (cont'd)
Abacus Global Management, Inc. Balance Sheet (cont’d) Abacus Global Management, Inc. Balance Sheet (cont’d) September 30, 2026 (Unaudited) December 31, 2025 COMMITMENTS AND CONTINGENCIES (Note 12) MEZZANINE EQUITY Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,00
Slide 40: ROIC - ROE
Abacus Global Management, Inc. ROIC - ROE Abacus Global Management, Inc. ROIC - ROE ABACUS GLOBAL MANAGEMENT RETURN ON INVESTED CAPITAL Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Total Assets $
Slide 41: Cash Conversion
Abacus Global Management, Inc. Cash Conversion Abacus Global Management, Inc. Cash Conversion Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 ADJUSTED EBITDA TO REALIZED EBITDA ADJUSTED EBITDA (AS REPORTED) 42,306,633 37,904,835 114,903,605 93,948,926 Remove: net
Slide 42: Cash Conversion (cont'd)
Abacus Global Management, Inc. Cash Conversion (cont’d) Abacus Global Management, Inc. Cash Conversion (cont’d) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 REINVESTMENT IN POLICY INVENTORY Net (investment in) / release of policy inventory 17,733,566 (21,709,7
Slide 43: Disclaimer
Disclaimer Disclaimer The information contained herein is for informational purposes only and does not constitute an offer or solicitation. Information is obtained from sources believed to be reliable, and its accuracy and completeness are not guaranteed. Information does not constitute a recommenda
Slide 44: Abacus Global Management, Inc. NYSE | ABX
GLOBAL MANAGEMENT, INC. NYSE | ABX
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