Overview

* Abacus Global Q3 revenue grows 124% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats estimates, growing 127% yr/yr

* Company completes AccuQuote acquisition and $50 mln securitized note

Outlook

* Abacus raises 2025 adjusted net income outlook to $80 mln-$84 mln

* Company expects 2025 adjusted net income growth of 72% to 81%

Result Drivers

* REVENUE GROWTH - Revenue increased 124% to $63 mln, driven by growth in Life Solutions and Longevity Funds segments and expanded asset management fees from acquisitions

* ACQUISITION IMPACT - Acquisition of AccuQuote expands financial services platform and supports growth in policy origination

* SECURITIZED NOTE - Issuance of $50 mln securitized asset-backed note marks a scalable funding mechanism

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $63 mln $49.30

Revenue mln (5

Analysts

)

Q3 Net $7.10

Income mln

Q3 Beat $37.90 $28.90

Adjusted mln mln (3

EBITDA Analysts

)

Q3 60.20%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

* Wall Street's median 12-month price target for Abacus Global Management Inc ( ABL ) is $14.00, about 62.1% above its November 5 closing price of $5.30

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)