Reliance Global Group ( (RELI) ) has released its Q2 earnings. Here is a breakdown of the information Reliance Global Group presented to its investors.
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Reliance Global Group, Inc. is an InsurTech company that leverages artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry. In its latest earnings report for the second quarter of 2025, Reliance Global Group highlighted significant strategic moves, including a 50% reduction in debt and a refocus on tech-enabled growth areas. Despite a slight decline in overall revenue due to a shift in its medical/health client base, the company reported an 8% increase in property and casualty revenue, demonstrating stability in its core business.
Key financial metrics from the quarter show commission income at $3.1 million, a slight decrease from the previous year, while commission expenses rose due to growth in property and casualty revenues. The company also reported a net loss of $2.7 million, attributed to non-cash equity compensation and acquisition-related costs. However, Reliance Global Group made strides in improving its financial position by selling Fortman Insurance Services, which helped reduce long-term debt by approximately $5.6 million, thereby lowering annual debt service by over $1.8 million.
Strategically, the company launched RELI Auto Leasing, a platform designed to provide new revenue streams for its agents and enhance consumer convenience. This initiative is part of the company’s OneFirm strategy, which aims to unify agency operations and improve internal efficiencies. The sale of Fortman Insurance Services and the expansion of the RELI Exchange platform further align with the company’s focus on high-growth, tech-enabled assets.
Looking ahead, Reliance Global Group remains optimistic about its financial and operational trajectory. The company anticipates recognizing a gain from the Fortman sale in the third quarter and continues to focus on disciplined financial management and innovation-driven growth.