Reliance Global Group Inc Stock Price, News & Analysis

Reliance Global Group (NASDAQ:RELI) has announced a major strategic expansion into cryptocurrency and blockchain technology, with plans to invest up to $120 million in digital assets including Bitcoin, Ethereum, and Solana. The investment will be executed in two phases of up to $60 million each.

The company is establishing a new Crypto Advisory Board (CAB) to manage and oversee its digital-asset treasury strategy. Building on its InsurTech experience with RELI Exchange and 5MinuteInsure.com, Reliance plans to explore the tokenization of insurance-linked assets, aiming to create a new investment class with enhanced transparency, liquidity, and efficiency.

This initiative leverages Reliance's expertise in insurance, fintech, and artificial intelligence, particularly through its RELI Exchange platform, a B2B InsurTech solution that combines AI and data mining capabilities.

Reliance Global Group (NASDAQ:RELI) announced its participation in the upcoming H.C. Wainwright 27th Annual Global Investment Conference, scheduled for September 8-10, 2025, at the Lotte New York Palace Hotel in New York City.

Chairman and CEO Ezra Beyman will represent the company, with the presentation becoming available on-demand to registered attendees starting September 8, 2025, at 7:00 AM ET. Management will also conduct one-on-one meetings with qualified investors throughout the conference.

Reliance Global Group (Nasdaq: RELI) has announced a major enhancement to its RELI Exchange InsurTech platform with the launch of a next-generation Client Service Center. The new functionality enables independent insurance agents to concentrate on business growth while RELI Exchange's team manages client service requests.

The enhanced platform features a white-label interface for policyholders to submit service requests, which are handled by RELI's in-house service team. The system maintains real-time transparency for agents while streamlining the service process, effectively providing agency partners with a built-in service team without additional overhead costs.

Reliance Global Group (NASDAQ:RELI) reported Q2 2025 financial results, highlighting strategic progress despite revenue challenges. Commission income was $3.1 million, slightly down from $3.2 million in Q2 2024, with an 8% increase in P&C revenue offsetting medical/health client base shifts.

Key developments include the sale of Fortman Insurance Services, expected to generate a $3.0 million gain in Q3, and significant debt reduction of $5.6 million (50% of long-term debt), reducing annual debt service by $1.8 million. The company also launched RELI Auto Leasing, creating new revenue opportunities for RELI Exchange Agency Partners.

The quarter resulted in a net loss of $2.7 million, compared to $1.5 million in Q2 2024, impacted by non-cash equity compensation and acquisition-related costs. Adjusted EBITDA loss increased to $382,000 from $178,000 in Q2 2024.

Reliance Global Group (NASDAQ: RELI) has scheduled its second quarter 2025 financial results and business update conference call for Wednesday, July 30, 2025, at 4:30 PM Eastern Time.

Investors can access the call via telephone by dialing +1 888-506-0062 (U.S.) or +1 973-528-0011 (international) with access code 627850. A webcast will be available on the company's investor relations website, with replay access through July 30, 2026. A telephone replay will be accessible until August 13, 2025.

Reliance Global Group (Nasdaq: RELI) has announced a significant debt reduction of approximately $5.55 million, representing a 50% decrease in its long-term debt. The debt repayment was primarily funded through the $5.0 million proceeds from the sale of Fortman Insurance Services subsidiary, with additional funds from released cash collateral.

As a result of this strategic deleveraging, RELI's annual principal, interest, and service fee payments are expected to decrease from $2.95 million to $1.1 million, representing a 61% reduction in annual debt service obligations. The company plans to utilize this improved financial flexibility to support strategic initiatives, including the planned acquisition of Spetner Associates.

Reliance Global Group (Nasdaq: RELI) has completed the sale of its subsidiary Fortman Insurance Services for $5 million in cash. The transaction represents a profitable exit, as the sale price exceeds Reliance's initial 2019 purchase price for Fortman.

The strategic divestment of this non-core asset aims to strengthen the company's balance sheet and support its long-term growth initiatives. Additionally, Reliance reaffirmed its plans to complete the acquisition of Spetner Associates, which is expected to enhance the company's OneFirm strategy and operational scale.

Reliance Global Group (Nasdaq: RELI) has highlighted strong preliminary unaudited Q1 2025 financial results from Spetner Associates, a company they are in the process of acquiring. Spetner demonstrated exceptional performance with revenue growth of 95% year-over-year to $5.16 million and net income growth of 220% to $2.98 million.

The company reported significant improvements across key metrics, including an increase in operating income margin to 74% and doubled cash flows from operating activities to $2.6 million. These results align with Reliance's strategy of acquiring high-performing insurance distribution platforms to enhance their technology-driven business model.

Reliance Global Group (NASDAQ: RELI) has secured a private placement agreement for up to $6.75 million, priced at-the-market under Nasdaq rules. The deal includes an immediate $2.5 million through the issuance of 1,488,096 common shares (or pre-funded warrants) at $1.68 per share, plus short-term warrants for 2,976,192 additional shares. The warrants, exercisable at $1.43 per share, could generate an additional $4.25 million if fully exercised within their two-year term. H.C. Wainwright & Co. serves as the exclusive placement agent. The offering, expected to close around June 20, 2025, is restricted to accredited investors under SEC regulations. Proceeds will support working capital and general corporate purposes.