Latest news with #RELI
Reuters
5 days ago
- Business
- Reuters
India's Reliance warns tariff jitters may hit demand-supply balance
Aug 7 (Reuters) - Indian refiner Reliance Industries ( opens new tab said on Thursday in its annual report that continuing geopolitical and tariff-related uncertainties may affect trade flows and demand-supply balance.
Globe and Mail
28-07-2025
- Business
- Globe and Mail
Reliance Global Group Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
Lakewood, NJ, July 28, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) ('Reliance' or the 'Company'), announced today that it will host a conference call Wednesday, July 30, 2025, at 4:30 PM Eastern Time to discuss financial results for the second quarter 2025 and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 627850. A webcast of the call may be accessed at or on the investor relations section of the Company's website, A webcast replay will be available on the investor relations section of the Company's website at through July 30, 2026. A telephone replay of the call will be available approximately one hour following the call, through August 13, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52790. About Reliance Global Group, Inc. Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company's business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company's business-to-consumer platform, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail 'brick and mortar' insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at
Yahoo
15-05-2025
- Business
- Yahoo
Reliance Global Group Inc (RELI) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Commission Income: Increased by $154,000 or 4% to $4.2 million in Q1 '25 compared to $4.1 million in Q1 '24. Commission Expense: Increased by $200,000 to $1.5 million in Q1 '25 compared to $1.3 million in Q1 '24. Salaries and Wages: Increased by $400,000 to $2.2 million in Q1 '25 compared to $1.8 million in Q1 '24, primarily due to non-cash equity awards. General and Administrative Costs: Increased by $140,000 to $1.5 million in Q1 '25 compared to $1.4 million in Q1 '24, primarily due to non-cash equity payments. Net Loss: Decreased by $3.6 million or 68% to $1.7 million in Q1 '25 versus $5.3 million in Q1 '24. AEBITDA: Improved by 300% from a loss of $74,000 in Q1 '24 to a gain of $145,000 in Q1 '25. Warning! GuruFocus has detected 6 Warning Signs with RELI. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Reliance Global Group Inc (NASDAQ:RELI) reported meaningful growth in organic revenues, indicating successful market share expansion. The company significantly reduced its net loss by 68% compared to the previous year, showcasing improved financial management. RELI launched RELI Auto Leasing, a new service that offers vehicle leasing and insurance, creating a new revenue stream and enhancing client relationships. The upcoming acquisition of Spetner Associates is expected to double revenue and enhance cross-selling opportunities, contributing to profitability. Adjusted EBITDA improved by 300%, reflecting the company's focus on cost control and revenue growth, marking another quarter of positive AEBITDA. Commission expenses increased by $200,000, reflecting higher payouts to agents, which could impact profit margins. Salaries and wages rose by $400,000 due to non-cash equity awards, indicating increased operational costs. General and administrative costs increased by $140,000, primarily due to non-cash equity payments, which could affect overall profitability. Despite improvements, the company still reported a net loss of $1.7 million, indicating ongoing financial challenges. The reliance on forward-looking statements introduces risks and uncertainties that could affect future performance. Q: Can you share some insights into the key benefits that the Spetner acquisition will bring to Reliance? A: Ezra Beyman, Chairman and CEO, explained that the Spetner acquisition is expected to significantly increase AEBITDA positivity and profitability, as well as double the company's revenue. The acquisition will also provide tremendous cross-selling potential, as Spetner services over 85,000 employees who will now have access to Reliance's insurance products. Q: What were the key drivers behind the positive adjusted EBITDA in the first quarter, and how do you see it trending moving forward? A: Ezra Beyman highlighted a multi-faceted approach, including the OneFirm strategy, streamlining expenses, cross-selling, and being cost-conscious. The focus on increasing revenue while reducing expenses has been crucial, and with more technology available, further improvements are anticipated. Q: How has the launch of RELI Auto Leasing impacted the company and its agency partners? A: Ezra Beyman noted that RELI Auto Leasing is a transformative service that allows agency partners to offer vehicle leasing, earning commissions on leases and related insurance policies. This service is integrated into the agent dashboard, enhancing client relationships and creating a recurring revenue stream. Early feedback has been outstanding. Q: Can you elaborate on the financial performance improvements in Q1 2025 compared to Q1 2024? A: Joel Markovits, CFO, reported a 4% increase in commission income to $4.2 million, a decrease in net loss by 68% to $1.7 million, and a significant improvement in adjusted EBITDA by 300% to a gain of $145,000. These improvements are attributed to organic growth, cost efficiencies, and the absence of impairment charges. Q: What strategic initiatives are in place to ensure continued growth and profitability? A: Ezra Beyman emphasized the integration of Spetner Associates, the enhancement of the Quote & Bind platform, and the launch of RELI Auto Leasing as key initiatives. These efforts aim to expand services, increase revenue opportunities, and strengthen market presence, supporting scalable long-term growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
