Abacus Assets Soar 35-Fold to $3.6B, EBITDA Margins Reach 60%
Abacus Global Management’s assets ballooned from under $100M to $3.6B, while adjusted net income and EBITDA tripled over 11 quarters and margins expanded from 48% to 60%. Management plans a potential $100M+ securitization in H1 and will fund growth organically without equity issuance.
1. Asset and Margin Growth
Abacus Global Management expanded its assets under management from below $100 million to $3.6 billion, representing a 35-fold increase. During the past 11 quarters, adjusted net income and adjusted EBITDA both tripled, driving margin expansion from 48% to 60%.
2. Financing and Securitization Plans
CEO Jay Jackson indicated that increased investor demand for securitized products has prompted plans for a larger follow-on securitization, potentially exceeding $100 million in the first half of the year. The firm will continue to meet capital needs through organic cash flows without issuing new equity.
3. Strategic Growth Initiatives
Abacus aims to reach $450 million in adjusted EBITDA over five years through a mix of organic growth and targeted acquisitions, exemplified by its recent investment in Manning & Napier. Its Abacus Intel division’s MVerify tool offers 97% mortality accuracy within 48 hours, enhancing service offerings to pension funds and insurers.