The following is a summary of the Abacus Life, Inc. (ABL) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Abacus Life's Q1 2024 revenue more than doubled YoY, to hit $21.5 million.

• Financial growth was also seen through a 38% rise in adjusted EBITA to reach $11.6 million and an adjusted net income of $6.7 million.

• Added $25 million of capital through 9.875% notes and repurchased over $11 million of shares since December 2023.

• Improved company margins in the quarter, mainly due to larger trading with carriers.

Business Progress:

• Senior management team reinforced with Elena Plesco as Chief Capital Officer and Fei Xue as Vice President of ABL Wealth.

• Expansions in ABL Tech are expected to improve its contributions later in the year.

• Capitalizing on growth within its $230 billion plus total addressable core market.

• Investor Day and Longevity Summit planned for June 13, to provide insight into business, products, and future directions.

• Considering the use of equity financing to support excess capacity and a public filing has been made.

• Plans to increase ad and marketing spend and expand the workforce in the ABL Wealth channel and underwriting department.

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