Abacus Global Management, Inc.

Abacus Global Management, Inc. reported a significant increase in total revenues for the first half of 2026, rising 31.9% to $132.41 million. However, net income attributable to the company saw a substantial decline of 37.5% to $13.89 million, with diluted EPS falling to $0.14. Despite the mixed profitability, net cash provided by operating activities experienced a remarkable surge of 802.4% to $130.95 million. The company also increased its total stockholders' equity by 3.9% to $434.68 million.

Abacus Global Management reported record second-quarter 2026 total revenue of $73.0 million, a 30% year-over-year increase. Adjusted net income rose 24% to $27.1 million, and Adjusted EPS grew 22% to $0.28, both exceeding guidance. The company also surpassed its first-half longevity funds target, raising $544.2 million, and launched a new fund for individual investors. Abacus projects continued growth with Q3 2026 Adjusted EPS of $0.26–$0.28.

Abacus Global Management, Inc. announced it will release its second quarter 2026 financial results after the market closes on Thursday, August 6, 2026. The company will host a conference call to discuss these results at 5:00 pm Eastern Time on the same day. A live webcast will be accessible via the company's investor relations website, and dial-in details were provided for participants.

Abacus Global Management, Inc. announced the effectiveness of the registration statement for its new ABX Longevity Growth and Income Fund (ABXGX). This fund is the first registered interval fund dedicated to the longevity asset class, investing 80% of its assets in such assets. The launch aims to open up longevity assets, traditionally an institutional domain, to individual investors and their advisors, democratizing access to this market.

Abacus Global Management, Inc. entered into an amendment to its Credit Agreement, securing an additional $75 million in incremental term loans. This increases the total aggregate principal amount available under the facility to $225 million, with a maturity date of December 10, 2030, and an interest rate based on adjusted term SOFR plus 5.25%. Separately, Sean McNealy resigned from his role as a director, effective June 30, 2026, due to planned retirement, with no disagreements cited.

Abacus Global Management announced a favorable ruling from the U.S. District Court, Middle District of Florida, which denied Coventry First LLC's motion to dismiss Abacus's lawsuit. The court found Abacus plausibly alleged defamation and anticompetitive conduct, allowing the case to proceed to depositions of top Coventry executives. Abacus is seeking hundreds of millions in economic and punitive damages, alleging Coventry engaged in a "scheme to destroy Abacus" by disseminating false and misleading information to manipulate market sentiment.

Abacus Global Management, Inc. announced its participation in the virtual Northland Growth Conference 2026 on June 23, 2026. Key management figures, including Chairman and CEO Jay Jackson and CFO Bill McCauley, will be available for investor meetings. This engagement aims to connect with investors and discuss the company's strategy and performance.

Abacus Global Management, Inc. announced the launch of LifeARC", its proprietary AI-powered lifespan modeling platform, designed to provide personalized financial planning based on individual health data. The company views itself as a data and technology platform, aiming to become the intelligence layer for lifespan-linked finance and capitalize on the $120 trillion generational wealth transfer. Abacus also provided a strategic update on its Wealth Advisors division, highlighting a recent investment of over $50 million in Manning & Napier to integrate LifeARC" into their client portfolios.

Abacus Global Management, Inc. (NYSE: ABX) has been recognized by TIME and Statista as one of the "World's Growth Leaders of 2026." This inaugural global ranking identifies the top 1,000 public companies worldwide based on exceptional growth, strong market performance, and stable financials. The company's CEO, Jay Jackson, highlighted this as a significant milestone for the team and shareholders, reflecting their success in leveraging longevity data to create value.

Abacus Global Management, Inc. held its Annual Meeting of Shareholders on June 3, 2026, where several key proposals were approved. Shareholders ratified the 2026 Long-Term Equity Incentive Plan, re-elected two Class III directors, and approved KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. Additionally, shareholders approved the advisory vote on executive compensation and opted for a one-year frequency for future Say-on-Pay votes.