Reliance Global Group, Inc. is a publicly traded company on Nasdaq focusing on insurance and healthcare sectors, involved in acquisitions, management, and development of insurance-related businesses.

# Reliance Global Group, Inc. Company Summary

### Company Overview
Reliance Global Group, Inc. is a publicly traded company listed on the Nasdaq Capital Market under the ticker symbols **RELI** (Common Stock) and **RELIW** (Series A Warrants). The company's headquarters is located at No. 300 Blvd. of the Americas, Suite 105, Lakewood, NJ 08701.

### Business Focus
Reliance Global Group, Inc. operates primarily in the insurance and healthcare sectors. It is involved in the acquisition, management, and development of insurance-related businesses, including healthcare insurance agencies and related services. The company has undergone multiple amendments to its articles of incorporation and governance documents, indicating ongoing corporate restructuring and expansion activities.

### Financial and Operational Details
- **Number of Shares Outstanding (as of March 6, 2025):** 2,869,869 shares of common stock.
- **Market Capitalization:** Approximately $3.6 million based on the last trading price of $3.8456 per share on June 28, 2024.
- **Revenue, Net Income, and Customer Data:** Not explicitly provided within the document.
- **Employees:** Not explicitly specified in the provided excerpt.
- **Customers:** No specific customer count is provided.

### Key Activities and Initiatives
- Engages in the issuance and management of warrants, stocks, and debt instruments, including Series C and D Warrants, Senior and Subordinated Indentures.
- Has conducted multiple securities purchase agreements, asset purchases, and exchange agreements to expand its portfolio and financial position.
- Owns and operates subsidiaries, including Medigap Healthcare Insurance Agency LLC, involved in healthcare insurance services.
- Implements various equity incentive plans and stock exchange agreements to incentivize and align management and shareholder interests.

### Corporate Filings & Documents
- The company has filed numerous amendments, agreements, and detailed disclosures that reflect a strategic focus on acquisitions, financial restructuring, and capital raises.
- The company also incorporated its code of ethics and insider trading policy in its filings.

### Summary of Financial Position
- The document emphasizes corporate governance, capital raising, and securities arrangements rather than detailed financial figures such as revenue or net income.
- The company's valuation and investor interest appear modest, with a focus on managing its securities and corporate structure.

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*Note: Specific financial figures regarding revenue, net income, number of customers, and employees are not included in the provided filing excerpt.*

Reliance Global Group, Inc. is a Florida-based insurance company focused on acquiring and optimizing insurance agencies using proprietary technology platforms.

## Summary of Reliance Global Group, Inc.

### Overview
Reliance Global Group, Inc. is a Florida-based company specializing in managing assets within the insurance markets and related sectors. The company primarily focuses on an aggressive acquisition strategy that is targeted mainly toward wholesale and retail insurance agencies.

### Business Model
- **Acquisitions**: Reliance seeks to identify and acquire undervalued insurance agencies, optimize their operations, and achieve asset value appreciation while generating interim cash flows.
- **Technology**: The company has developed proprietary technology platforms like **5MinuteInsure.com** and the **RELI Exchange**, which allow consumers to compare and purchase insurance quickly and efficiently.
- **InsurTech Services**: Its InsurTech platform supports agents and agencies with access to more than thirty insurance carriers, enabling the generation of competitive quotes in a fraction of the time traditional methods require.

### Service Offerings
- **Insurance Types**: Reliance operates across various insurance sectors, including property/casualty (e.g., auto, home, commercial insurance) and life/health insurance.
- **Customer Engagement**: Through its platforms, the company connects consumers with trained agents who provide personalized service and assist in making informed insurance decisions.

### Key Metrics
- **Number of Employees**: As of December 31, 2023, Reliance Global Group employs **67 employees** across its subsidiaries.
- **Agency Acquisitions**: The company has completed **nine acquisitions** of insurance agencies, including the noteworthy acquisition of Barra & Associates, LLC, which was rebranded to RELI Exchange.
- **Revenue**: The company reported revenues of **$13,731,826** for the year ended December 31, 2023, compared to **$11,761,882** in 2022.
- **Customer Base**: While specific customer numbers are not detailed, Reliance operates in **44 states** with its online platform, reaching a broad potential customer base.

### Competitive Advantage
- **Scalable Operations**: Reliance aims to scale its operations effectively across the national market.
- **Comprehensive Support**: The company provides agents with comprehensive training, back-office support, and the ability to offer diverse insurance products.
- **Innovative Tools**: Its use of advanced technologies, such as artificial intelligence and data analytics, enhances the ability to provide competitive and efficient insurance services.

### Future Outlook
- **Expansion Plans**: Reliance plans to continue expanding its market presence both through organic growth and additional acquisitions in various insurance markets, targeting to leverage its technological advancements to improve customer experience and drive revenue.

In summary, Reliance Global Group, Inc. is positioned as a competitive player in the insurance industry focusing on acquisition, technology innovations, and effective customer engagement strategies. Its ongoing efforts to digitize insurance processes and improve agent capabilities aim to create a sustainable business model that can adapt to the evolving market.

Reliance Global Group, Inc.

10-K / April 9, 2025

10-K / April 4, 2024

10-K / April 9, 2025

Reliance Global Group, Inc. Company Summary

Company Overview

Business Focus

Financial and Operational Details

Key Activities and Initiatives

Corporate Filings & Documents

Summary of Financial Position