Abacus Global Management (ABL) shares surged 18.75% in pre-market trading on Friday, following the release of its impressive third-quarter results and the announcement of a share repurchase program. The asset management firm's strong performance and strategic moves have significantly boosted investor confidence.

The company reported a stellar 124% year-over-year increase in Q3 revenue, reaching $63 million and handily beating analyst expectations of $49.30 million. Adjusted EBITDA also outperformed estimates, growing 127% year-over-year to $37.90 million. These robust financial results were driven by growth in Abacus Global's Life Solutions and Longevity Funds segments, as well as expanded asset management fees from recent acquisitions.

Adding to the positive sentiment, Abacus Global raised its 2025 adjusted net income outlook to between $80 million and $84 million, projecting a growth of 72% to 81%. The company's recent acquisition of AccuQuote and the issuance of a $50 million securitized asset-backed note further strengthen its financial position and growth prospects. In a separate announcement, Abacus Global's board authorized a $10 million share repurchase program, effective November 6, signaling management's confidence in the company's value and commitment to enhancing shareholder returns.