Reliance Global Group Inc Stock Price, News & Analysis

Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) has launched 5MinuteInsure.com in Virginia, expanding its coverage to six states. The platform offers rapid insurance quotes in under two minutes, allowing consumers to complete purchases in five minutes. CEO Ezra Beyman emphasized the quick rollout alongside strategic marketing for client acquisition. Reliance intends to grow organically and through acquiring cash flow positive insurance agencies, enhancing its AI-driven insurance services.

Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) has launched 5MinuteInsure.com in Tennessee, following successful launches in Michigan, Arizona, Indiana, and Ohio. This platform utilizes AI to provide competitive insurance quotes in under 2 minutes and allows binding of coverage within 5 minutes. CEO Ezra Beyman highlighted the rapid expansion capabilities and the potential for significant policy savings for consumers.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) reported a 54% revenue increase for Q3 2021, reaching $2.6 million compared to $1.7 million in Q3 2020. The company reduced its consolidated EBITDA loss by 88% to approximately $87,000. The successful launch of the 5MinuteInsure.com platform in four states signals robust growth, with regulatory approval in 46 states. The firm ended the quarter with over $6.1 million in cash, indicating a solid balance sheet for future growth.

Reliance Global Group (NASDAQ: RELI, RELIW) has successfully expanded its 5MinuteInsure.com platform to Michigan and Arizona, following launches in Ohio and Indiana. This expansion allows the company to serve a combined population of over 35 million. Customers benefit from quick insurance quotes through a user-friendly digital platform that leverages AI technology to provide competitive rates within minutes. CEO Ezra Beyman emphasized the positive customer response and the scalability of the platform, reinforcing their marketing efforts to drive growth.

Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) announced that CEO Ezra Beyman will present at the Dawson James Securities Small Cap Growth Conference on October 21, 2021, at the Wyndham Grand Hotel in Jupiter, Florida, at 2:00 PM ET. Beyman aims to enhance market awareness of the company through this presentation and subsequent one-on-one meetings with investors. A live webcast and archived recordings will be available for those interested in following the updates on the company’s strategies, which include integrating AI and cloud-based technologies in insurance.

Reliance Global Group (NASDAQ: RELI, RELIW) has successfully launched 5MinuteInsure.com in Indiana, following its initial rollout in Ohio. This platform utilizes AI to provide competitive insurance quotes in under two minutes and allows users to complete purchases in just five minutes. CEO Ezra Beyman noted that marketing efforts in Ohio have increased daily quotes, prompting an accelerated expansion plan to further enhance market presence and shareholder value.

Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) has launched 5MinuteInsure.com in Ohio, marking the start of a nationwide rollout. This platform uses AI to provide personalized insurance quotes in under 2 minutes and allows users to bind coverage within 5 minutes. Customers report savings up to 60% on premiums, exemplified by a client reducing their payment from $2,000 to $800. The CEO projects rapid growth in the online insurance market, supported by partnerships with 16 carriers and approval in 46 states.

Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) announced that CEO Ezra Beyman will present at the H.C. Wainwright 23rd Annual Global Investment Conference, occurring virtually from September 13-15, 2021. The presentation will be available on-demand for registered attendees starting September 13 at 7:00 AM ET. Additionally, management will engage in one-on-one meetings with investors during the conference. Reliance Global Group focuses on integrating advanced technologies with a traditional insurance model, positioning for growth through organic expansion and strategic acquisitions.

Reliance Global Group (NASDAQ: RELI, RELIW) reported a 33.4% revenue increase in Q2 2021, totaling $2.2 million compared to $1.6 million last year. The company ended the quarter with over $6.8 million in cash. Plans are underway to launch 5MinuteInsure.com this summer, expanding its offerings to 16 insurance carriers across 46 states. Despite the growth, operations showed a net loss of $1,276,886 for the quarter, though the loss per share improved to ($0.12) from ($0.27) the previous year.