Reliance Global Group, Inc. (NASDAQ: EZRA)

Reliance Global Group, Inc. is a holding company that acquires, owns, and actively manages insurance and technology focused businesses. As of December 31, 2025, the company owned and operated six insurance related businesses and various proprietary technology platforms. Its historical focus has been on wholesale and retail insurance agencies together with the development of InsurTech solutions such as the RELI Exchange platform and the direct to consumer 5MinuteInsure.com site. In January 2026, the company launched EZRA International Group as a strategic platform to pursue majority investments in technology driven businesses under the Scale51 model which targets approximately fifty one percent ownership in selected firms. The Scale51 approach includes an initial closing followed by milestone based tranches that increase ownership over time with a final control top up transaction. Additionally, in September 2025, the company adopted a digital asset treasury strategy that may allocate a portion of treasury assets to cryptocurrencies and related blockchain initiatives while maintaining its core insurance and technology focus.

The company generates revenue primarily from commission based income earned on insurance policies placed through its agency network. It also receives recurring subscription fees from agents who use the RELI Exchange platform for quoting binding policy management and access to carrier connectivity. The direct to consumer platform 5MinuteInsure.com produces transaction based fees when consumers bind policies online, and it is live in forty four states with access to more than thirty insurance carriers. These streams provide recurring cash flow that supports working capital strategic investments and general corporate purposes. In January 2026, the company closed a public offering of 7,407,408 shares of common stock together with warrants to purchase up to 14,814,816 shares, generating gross proceeds of approximately $2.0 million before expenses.

Reliance Global Group operates within a highly fragmented U. S. insurance agency market where it competes with national brokerage firms, regional independent agencies, private equity backed consolidators, captive agency networks, and emerging digital distribution platforms. Its competitive advantages stem from proprietary technology infrastructure, the One Firm operating model that centralizes data management and carrier relationships, and its ability to allocate capital from stable insurance cash flows to high growth technology investments under the Scale51 model. The company also benefits from strong carrier relationships developed through aggregated premium volume, which helps negotiate favorable terms and maintain compliance with underwriting standards. Regulatory oversight occurs at the state level requiring agencies to hold licenses in each jurisdiction where they conduct business, and the company believes it is in compliance with applicable licensing laws and regulations.

The company serves independent insurance agents and agencies that utilize the RELI Exchange platform to access multiple carrier markets and obtain centralized back office support compliance tools and training resources. Agents can maintain their own branding, while benefiting from shared technology and operational efficiency which supports business development and client retention. Consumers receive quick online quotes and bindings through the 5MinuteInsure.com platform, which is available in forty four states and partners with more than thirty insurance carriers. While specific customer names are not disclosed, the base includes agents focused on personal lines such as auto and home insurance as well as agents serving commercial lines for businesses.