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Reliance Global Group ( (RELI) ) has issued an announcement.
On July 7, 2025, Reliance Global Group completed the sale of its subsidiary, Fortman Insurance Services, for $5 million. This transaction is part of Reliance’s strategy to monetize non-core assets and strengthen its financial position. The proceeds were used to reduce the company’s outstanding debt by approximately 50%, significantly decreasing its annual debt service obligations. Additionally, the company announced an increase in the CEO’s salary and a bonus, reflecting the successful execution of its strategic initiatives. The sale of Fortman Insurance Services is expected to enhance Reliance’s financial flexibility and support its long-term growth strategy.
Spark’s Take on RELI Stock
According to Spark, TipRanks’ AI Analyst, RELI is a Neutral.
Reliance Global Group’s overall score reflects its challenging financial situation, offset by positive developments in recent earnings and corporate events that indicate potential future growth. However, valuation concerns and mixed technical signals limit the stock’s attractiveness.
To see Spark’s full report on RELI stock, click here.
More about Reliance Global Group
Reliance Global Group, Inc. is an InsurTech company that utilizes artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry. It offers a business-to-business InsurTech platform called RELI Exchange and a business-to-consumer platform named 5minuteinsure.com, providing competitive insurance quotes. The company also operates a portfolio of retail insurance agencies across the United States.
Average Trading Volume: 1,392,324
Technical Sentiment Signal: Sell
Current Market Cap: $5.27M
Find detailed analytics on RELI stock on TipRanks’ Stock Analysis page.