Abacus Global Management, Inc. (ABX) - Net Assets
Based on the latest financial reports, Abacus Global Management, Inc. (ABX) has net assets worth $439.59 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($918.94 Million) and total liabilities ($479.34 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Abacus Global Management, Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $439.59 Million |
| % of Total Assets | 47.84% |
| Annual Growth Rate | 324.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1471.48 |
Abacus Global Management, Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Abacus Global Management, Inc.'s net assets have evolved over time, based on quarterly financial data. See Abacus Global Management, Inc. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Abacus Global Management, Inc. (2020–2024)
The table below shows the annual net assets of Abacus Global Management, Inc. from 2020 to 2024. For live valuation and market cap data, see ABX company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $423.29 Million | +158.00% |
| 2023-12-31 | $164.07 Million | +482.85% |
| 2022-12-31 | $28.15 Million | +3570.62% |
| 2021-12-31 | $766.89K | -41.03% |
| 2020-12-31 | $1.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abacus Global Management, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2995.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $10.13K | 0.00% |
| Other Components | $482.04 Million | 113.65% |
| Total Equity | $424.15 Million | 100.00% |
Abacus Global Management, Inc. Competitors by Market Cap
The table below lists competitors of Abacus Global Management, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Directa Plus PLC
LSE:DCTA
|
$85.76K |
|
abrdn Property Income Trust Ltd.
LSE:API
|
$85.81K |
|
Comptoir Group PLC
LSE:COM
|
$85.82K |
|
REFLEX ADVANCED MAT.
F:HF2
|
$85.83K |
|
GOLDEN SHIELD RESOURCES
F:4LE0
|
$84.91K |
|
Landore Resources Plc
LSE:LND
|
$83.60K |
|
Sancus Lending Group Ltd
LSE:LEND
|
$83.56K |
|
Caerus Mineral Resources PLC
LSE:CMRS
|
$83.12K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abacus Global Management, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 163,931,793 to 424,152,503, a change of 260,220,710 (158.7%).
- Net loss of 23,961,050 reduced equity.
- Share repurchases of 10,742,000 reduced equity.
- New share issuances of 181,702,400 increased equity.
- Other comprehensive income decreased equity by 108,373.
- Other factors increased equity by 113,329,733.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.96 Million | -5.65% |
| Share Repurchases | $10.74 Million | -2.53% |
| Share Issuances | $181.70 Million | +42.84% |
| Other Comprehensive Income | $-108.37K | -0.03% |
| Other Changes | $113.33 Million | +26.72% |
| Total Change | $- | 158.74% |
Book Value vs Market Value Analysis
This analysis compares Abacus Global Management, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 218.51x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.04 | $9.04 | x |
| 2021-12-31 | $0.02 | $9.04 | x |
| 2022-12-31 | $0.54 | $9.04 | x |
| 2023-12-31 | $2.84 | $9.04 | x |
| 2024-12-31 | $5.99 | $9.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abacus Global Management, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.41%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.06x
- Recent ROE (-5.65%) is below the historical average (51.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 31.77% | 54.06% | 0.84x | 0.70x | $453.64K |
| 2021 | 109.00% | 4.41% | 12.28x | 2.01x | $905.91K |
| 2022 | 116.26% | 70.86% | 0.76x | 2.17x | $28.96 Million |
| 2023 | 5.81% | 14.33% | 0.20x | 2.02x | $-6.88 Million |
| 2024 | -5.65% | -21.41% | 0.13x | 2.06x | $-66.38 Million |
Industry Comparison
This section compares Abacus Global Management, Inc.'s net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $2,143,906,248
- Average return on equity (ROE) among peers: 17.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abacus Global Management, Inc. (ABX) | $439.59 Million | 31.77% | 1.09x | $85.07K |
| Atlantic American Corporation (AAME) | $23.00 Million | -2.61% | 8.10x | $36.10 Million |
| Abacus Life Inc. (ABL) | $28.15 Million | -0.19% | 1.10x | $827.97 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $857.55 Million |
| Aflac Incorporated (AFL) | $549.10 Million | 16.99% | 8.16x | $58.84 Billion |
| Brighthouse Financial Inc (BHF) | $5.53 Billion | 70.18% | 39.84x | $3.62 Billion |
| Citizens Inc (CIA) | $77.31 Million | 2.66% | 2.46x | $278.04 Million |
| CNO Financial Group Inc (CNO) | $4.71 Billion | 2.25% | 5.94x | $4.55 Billion |
| F&G Annuities & Life Inc. (FG) | $4.92 Billion | 5.39% | 19.02x | $3.55 Billion |
| Globe Life Inc (GL) | $3.46 Billion | 14.99% | 3.33x | $12.82 Billion |
About Abacus Global Management, Inc.
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States. It operates in five segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. The Active Management segment is involved in the buying, selling, and trading of policies; and the maintenance of policies until receipt of death benefits. Its O… Read more