secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001814287-23-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life Q3 revenue up 20% to $21.1M; adjusted EBITDA up 26% to $10.8M
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- GAAP net income of $0.9M vs $11.2M prior year; adjusted net income of $9.2M vs $10.2M.
- Originations capital deployment grew 43% to $51M; policy originations up 61% to 181.
- Active management revenue increased 70% to $18.9M; total revenue from originations fell to $2.0M.
- Completed first public bond offering post-quarter, improving cost of capital by ~275 bps.
- Launched ABL Wealth division with Dynasty Financial Partners for lifespan-based solutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428723000029/0001814287-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428723000029/abl-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001814287-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer