Reliance Global Group, Inc. (NASDAQ: RELI)

Reliance Global Group, Inc., referred to as RELI, operates in the insurance markets and related sectors. The company was established in Florida in 2013 and has since rebranded from Ethos Media Network, Inc. following a controlling interest purchase by Reliance Global Holdings, LLC in 2018. RELI's primary business activities encompass managing assets in the insurance markets, primarily through the acquisition and management of insurance agencies. The company aims to capitalize on specific risk-to-reward arbitrage opportunities and expand these nationally, thereby increasing revenues and returns. Additionally, RELI acquires undervalued wholesale and retail insurance agencies, optimizing their operations, and generating interim cash flows while achieving asset value appreciation.

RELI's main offerings include insurance policies, accessible through a network of independent insurance agents. The company's customer base consists of individuals and businesses seeking insurance coverage for various risks, such as auto, home, and commercial insurance. RELI's competitive advantage stems from its capacity to scale operations at a national level, capitalize on the consumer shift to online platforms, and leverage proprietary agency software and automation to compare carrier prices. The RELI Exchange platform and 5MinuteInsure.com, a direct-to-consumer InsurTech platform, enable consumers to efficiently compare and purchase car and home insurance.

The insurance industry significantly contributes to the U.S. economy, with the U.S. leading as the world's largest insurance market. Over recent years, the industry has experienced steady growth due to macroeconomic expansion, advantageous legislation, and positive trends in the insurance sector. RELI's leadership team boasts over a century of combined industry experience in real estate, finance, and insurance. Notable team members include Ezra Beyman, Chairman and CEO; Scott Korman, Director; Ben Fruchtzweig, Director; Sheldon Brickman, Director; Alex Blumenfrucht, Director; Joel Markovits, CPA, CFO; and Yaakov Beyman, Executive Vice President, Insurance Division.

RELI Exchange, the company's B2B InsurTech platform and partner network, offers various benefits for insurance agents and agencies. These include the ability to compare carrier prices, access to a vast mentorship program, and the opportunity to establish a multimillion-dollar agency with comprehensive back-office support. The platform allows agents to dedicate more time to revenue-driving activities, such as selling policies. RELI's insurance market overview highlights the three main sectors: property/casualty (P/C), life/health (L/H), and accident and health.

RELI has a substantial presence in the insurance agency market, having completed a significant number of acquisitions and partnerships. The company's strategy prioritizes the identification of specific risk-to-reward arbitrage opportunities and their development on a national platform, increasing revenues and returns. RELI's primary strategy involves acquiring undervalued wholesale and retail insurance agencies in growing or underserved segments, enhancing and optimizing their operations, and achieving asset value appreciation while generating interim cash flows.