- Business
- Reliance Global Group, Inc. (NASDAQ: RELI) operates as an InsurTech holding company focused on acquiring, managing, and optimizing wholesale and retail insurance agencies throughout the United States. The company offers a comprehensive suite of insurance agency services, including healthcare and Medicare products, personal and commercial lines, trucking insurance, property and casualty coverage, and insurance brokerage; its proprietary RELI Exchange B2B InsurTech platform provides independent agents with business development tools, AI-driven automation, back-office support, and access to over 30 carriers across 49 states; the 5minuteinsure.com B2C platform delivers rapid online quotes for auto, home, and life insurance using artificial intelligence and data mining; and it maintains a portfolio of regional retail insurance agencies under its OneFirm strategy. Founded in 2013 and headquartered in Lakewood, New Jersey, Reliance targets independent agents, consumers, and regional markets nationwide through organic expansion and strategic acquisitions. Recent developments include signing a non-binding letter of intent in June 2025 to sell its Fortman Insurance Agency subsidiary for $5 million in cash, representing a premium over the original acquisition cost to fund the planned acquisition of Spetner Associates, a high-growth insurance platform expected to enhance cash flows; reducing debt by 50% to cut annual service costs by over $1.8 million; launching the Relay Auto Leasing service and enhancing the RELI Exchange client service center; and reporting strong preliminary Q1 2025 results from Spetner ahead of integration.