Reliance Global Group Inc
relianceglobalgroup.comWhat Do They Do?
Places health insurance, along with property-and-casualty coverage, for consumers and businesses, and provides technology and operating support to independent agents and agencies.
10-K for FY2025, filed Mar 10, 2026The Company’s revenue is primarily comprised of agency commissions earned from insurance carriers (the “Customer” or “Carrier”) related to…View ↗
The Company focuses primarily on agency services for insurance products in the “Healthcare” and property and casualty, which includes auto…View ↗
We operate RELI Exchange, a business-to-business (“B2B”) InsurTech platform and partner network designed to support insurance agents and…View ↗
The Company operates a multi-channel insurance distribution platform under the RELI Exchange brand. RELI Exchange provides independent…View ↗
How Do They Make Money?
Carriers pay commissions for health plans after collecting members’ monthly premiums; for property-and-casualty policies, commissions come from members in the month earned or carriers the following month, depending on billing. Independent agents and agencies also pay monthly RELI Exchange subscription fees.
10-K for FY2025, filed Mar 10, 2026The Company has two forms of billing practices, “Direct Bill” and “Agency Bill”. With Direct Bill, Carriers bill and collect policy premium…View ↗
There typically is one performance obligation in contracts with Carriers, to perform agency services that culminate in monthly premium cash…View ↗
There typically is one performance obligation in contracts with Customers, to perform agency services to solicit, receive proposals and…View ↗
With both Direct Bill and Agency Bill, the Company accrues commission revenue in the period policies are placed. With Agency Bill, payment…View ↗
The Company offers agency partner and agent subscription contracts that provide access to the RELI Exchange platform and related services.…View ↗
$12.4M
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10-K for FY2025, filed Mar 10, 2026
$12.4M ↗
Who Are Their Customers?
Consumers and businesses can get insurance through the company’s digital site or agent-assisted service; independent agents and agency partners use RELI Exchange for carrier access, technology and back-office support.
10-K for FY2025, filed Mar 10, 2026Insurance consumers seek coverage that aligns with their individual or business risk profiles at competitive pricing levels, while also…View ↗
Through its RELI Exchange and 5MinuteInsure.com platforms, the Company seeks to streamline the quoting and binding process while…View ↗
The Company operates a platform model designed to support independent agents and agency partners. Agents utilizing the RELI Exchange…View ↗
The Company operates a multi-channel insurance distribution platform under the RELI Exchange brand. RELI Exchange provides independent…View ↗
5MinuteInsure.com (“5MI”) is a direct-to-consumer digital insurance platform that enables consumers to obtain quotes and bind certain…View ↗
Do Revenues Turn Into Profits?
No. It lost $7M in FY2025.
10-K for FY2025, filed Mar 10, 2026
−$9MView ↗
10-K for FY2025, filed Mar 10, 2026
−$7MView ↗
10-K for FY2025, filed Mar 10, 2026
−$3.1MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
−$2MView ↗
- ▼ −27% (Loss)
- vs −$2.7M in Q2 FY2025
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Sep 23, 2026
Sold Altruis employee benefits agency assets
The buyer acquired substantially all assets of its employee benefits insurance agency business.
Sources
8-K, filed Sep 30, 2026
On September 23, 2026, Altruis Benefit Consultants, Inc., a Michigan corporation (“Altruis”) and a wholly owned subsidiary of Reliance…View ↗
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Sep 11, 2026
Sold Southwestern Montana Insurance Center
The full-service insurance agency is no longer a company subsidiary.
Sources
8-K, filed Sep 16, 2026
On September 11, 2026, Reliance Global Group, Inc. (the “Company”) completed the previously announced sale to Scali, LLC, an Arizona…View ↗
Technology-company ownership
The earlier report centered on acquiring insurance agencies and developing insurance platforms; the latest adds a strategy of acquiring controlling ownership positions in technology businesses while retaining insurance operations as its base.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 10, 2026
From acquisitions to asset sales
The earlier report described expanding through insurance-agency acquisitions; the latest report describes selling insurance brokerage assets as part of portfolio realignment.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 10, 2026Over the next 12 months, we plan to expand and grow our footprint and market share both through organic growth, and by expansion through…View ↗
During 2025, the Company completed the sale of certain insurance brokerage assets, including the Fortman Insurance Services business and…View ↗
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