Abacus Global Management reported its fourth quarter and full year 2024 financial results on March 27, 2025. Fourth quarter 2024 total revenue grew 40% year-over-year to $33.2 million. Full-year policy originations increased 63% to 1,034, capping off a record year for the company.
The company initiated its full year 2025 outlook for Adjusted Net Income to be between $70 million and $78 million. This range implies growth of between 51% to 68% compared to the full year 2024 Adjusted Net Income of $46.5 million. This guidance reflects confidence in continued profitable growth.
As of December 31, 2024, Abacus Global Management had cash and cash equivalents of $128.8 million, balance sheet policy assets of $371.4 million, and outstanding long-term debt of $342.4 million. These figures demonstrate a strengthened financial position following strategic capital raises and acquisitions.
The company highlighted significant strategic initiatives undertaken in the past 12 months, including strengthening its executive team, raising substantial equity capital, securing debt financing, and completing two strategic acquisitions that expanded capabilities and market reach. These actions have dramatically grown the scope and scale of operations across multiple business lines and geographies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.