Welcome to our dedicated page for Abacus Global Management news (Ticker: ABLLW), a resource for investors and traders seeking the latest updates and insights on Abacus Global Management stock.
Abacus Life Inc (ABLLW) provides investors with comprehensive updates on its alternative asset management strategies and life insurance market activities. This dedicated news hub aggregates all official announcements, financial disclosures, and strategic developments from the vertically integrated investment manager.
Access real-time updates on earnings reports, policy portfolio acquisitions, and regulatory compliance matters. The curated collection serves as a reliable resource for tracking the company's management of life settlement investments throughout their lifecycle. Content spans operational milestones, risk management initiatives, and industry-specific developments relevant to alternative asset investors.
Key updates include strategic partnerships, portfolio performance insights, and innovations in data-driven investment approaches. Users can expect factual reporting on ABLLW's unique position at the intersection of insurance markets and alternative asset management. All information is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to ABLLW's latest developments. Regularly updated content supports informed decision-making for stakeholders monitoring the specialized life insurance investment sector.
Abacus Life, Inc. reported a more than doubled total revenue of $21.5 million in the first quarter of 2024, driven by a 59% year-over-year growth in the Direct-to-Consumer division. The company also launched ABL Tech, raised $25 million from the issuance of senior notes, and strengthened its management team. Adjusted EBITDA grew by 38.1% to $11.6 million, with an EBITDA margin of 53.9%. Despite a GAAP net loss of $1.3 million, adjusted net income was $6.7 million. The company had cash equivalents of $65.4 million and repurchased shares worth $11 million.
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