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WebsiteIntroduction
Reliance Global Group, Inc. (NASDAQ: RELI), known in Korean as 릴라이언스 글로벌 그룹, is an InsurTech company focusing on transforming the traditional insurance agency model through proprietary technology such as automation and artificial intelligence. As of September 22, 2025, shares closed at $1.26, reflecting a 71.43% increase from the previous session, with a trading volume of 52,770,168 shares.
Corporate Structure
Headquartered in Lakewood, New Jersey, Reliance Global Group employs between 51 and 200 staff members. The executive leadership team includes Ezra Beyman (Chairman and CEO), Joel Markovits, CPA (Chief Financial Officer), and Yaakov Beyman (Executive Vice President, Insurance Division), along with other senior officers overseeing operations, insurtech development, and distribution networks. The company operates ten agencies generating approximately $15 million in annual revenue and maintains an extended partner network under the RELI Exchange platform.
InsurTech by Codioful (Formerly Gradienta)
Developments and News
- On September 18, 2025, Reliance filed a prospectus supplement (Form 424B5) to sell up to $248,138 of common stock under an at-the-market offering agreement with H.C. Wainwright & Co. The aggregate market value of shares held by non-affiliates was reported at $12,008,479, based on 7,952,635 shares outstanding at a price of $1.51 per share.
- On September 19, 2025, the company submitted an 8-K current report covering items 1.01, 3.02, 7.01, and 9.01; the filing did not disclose detailed financial metrics or management changes.
- The corporate website states a growth strategy that combines organic expansion of the RELI Exchange Agency Partner Network with acquisitions of low-risk, high-growth, synergetic insurance businesses.
Financial and Strategic Analysis
As of September 22, 2025, key performance indicators from Yahoo Finance include:
| Metric | Value |
|---|---|
| Market Capitalization | $3.535 million |
| 52-Week Price Range | $0.6670 – $5.1100 |
| Trailing P/E | 0.18 |
| EPS (TTM) | $4.23 |
| Revenue (TTM) | $14.06 million |
| Net Income (TTM) | –$6.68 million |
| Profit Margin | –47.53% |
| Return on Assets (TTM) | –18.21% |
| Return on Equity (TTM) | –223.86% |
| Total Cash (MRQ) | $1.96 million |
| Total Debt/Equity (MRQ) | 432.48% |
| Levered Free Cash Flow (TTM) | –$1.95 million |
The company is reporting a net loss, carries significant leverage, and maintains a modest cash reserve. Its financial strategy appears to include incremental equity offerings under its Form S-3 registration to support platform development and potential acquisitions, highlighting a reliance on at-the-market offerings for capital access during market fluctuations.
Market Position and Industry Context
Reliance Global Group operates within the competitive insurance agency sector, differentiating itself through the RELI Exchange insurtech platform. By integrating AI and automation, the company aims to enhance agency productivity and expand its product offerings. With a mid-sized workforce and targeted acquisitions, Reliance seeks to navigate an evolving insurance landscape marked by digital transformation and rising demand for streamlined policy services.
tl;dr
On September 18, 2025, Reliance amended a prospectus to raise up to $248,138 via at-the-market equity sales; the public float was $12.0 million based on 7.95 million shares at $1.51. The stock closed at $1.26 on September 22, 2025, following a 71.43% intraday increase. Financials show $14.06 million in TTM revenue, a $6.68 million net loss, and high leverage. The company continues to pursue its growth strategy through equity offerings and advancements in its AI-driven RELI Exchange platform.
