By Daniella Parra
Abacus Global Management, Inc. (Nasdaq: ABL), said total revenue for the first quarter more than doubled to $44.1 million.
Adjusted EBITDA more than doubled to $24.5 million and adjusted net income grew 158% to $17.3 million, the company said.
“Our unique business model continues to demonstrate its resilience and appeal in today’s uncertain market environment, serving both policyholders seeking liquidity and investors pursuing uncorrelated alternative assets,” said Jay Jackson, Abacus CEO. “Additionally, our asset management business is gaining significant momentum, as evidenced by our newly launched funds attracting $122.8 million in capital inflows in just the first month.”
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