Abacus Global Management, Inc. Q1 FY2026 earnings call

1. Wealth advisory/private wealth division roadmap is build it or buy it with opportunities like Manning and Napier partnership, close to finalizing strategic alliance and go forward agreement, and pipeline of registered investment advisors. 2. Days held on sold policies increased to 290 and on own policies decreased to 209, currently in target band with book turnover around 1.9 to 2 times annual basis. 3. 9,000 policies reviewed in 1Q26 organic and opportunistic, budget stable in Q1 with work in 25 increasing budget paying off. 4. M&A pipeline robust, interested in RIA side, selective, M&A must be accretive, in - house technology developments to be announced in next 60 days. 5. Carrier buyback program ongoing with high interest, working on new product issuance. 6. Capital deployed for policy originations in 1Q ahead of forecast, tracking in 130 - 150 range, AUM guide 50 - 50 organic and inorganic by 2028. 7. Deployed around 50% of repurchase authorization, see stock as discounted, buybacks important for M&A

Not explicitly detailed in the provided transcript for specific product segments' absolute financial performance and revenue contribution percentages

1. Raised targets in 2026 and forecasted into 27, 28. 2. Tracking to $250 million EBITDA in 28

No specific discussion of risks and operational failures detailed in the provided transcript

Q: If the second securitization slipped into 3Q, would it be incremental to the $500 million first half inflow expectation?

A: Yes, that would be in addition to that $500 million.

Q: Update on SEC process for the interval fund?

A: Been working diligently with SEC, feel good about potentially making announcement in Q2.

Q: Roadmap to wealth advisory/private wealth division?

A: Build it or buy it, Manning and Napier partnership with progress, pipeline of registered investment advisors.

Q: Days held on policies?

A: In target band, historically where they should be, book turnover around 1.9 to 2 times annual basis.

Q: 9,000 policies reviewed vs 11,000 in 2025?

A: Organic, opportunistic, budget stable in Q1.

Q: Rising asset value and purchase discount rate?

A: Quantified by gross trade spread margin plus or minus around 26 for the quarter, positive outcome.

Q: M&A thoughts?

A: Robust pipeline, interested in RIA side, selective, accretive, in - house technology developments.

Q: Carrier buyback program?

A: Ongoing, working on new product issuance.

Q: Capital deployed for policy originations?

A: Tracking in 130 - 150 range, correlated to demand and capital.

Q: AUM guide organic and inorganic?

A: 50 - 50 by 2028, tracking at that number.

Q: Repurchase authorization and stock?

A: Deployed around 50% of last 20 million board approved buyback, see stock as discounted, buybacks important for M&A