Core Insights - Vertafore recognized Brown & Brown with the 2025 Agency Impact Leader Award for its leadership and impactful decisions in the insurance industry [1] - Brown & Brown has been providing customer-centric risk management solutions since 1939 and is among the top 10 insurance brokerage firms globally [2] - The company operates over 500 locations and employs more than 17,000 professionals, focusing on strategic investments that benefit customers and the insurance ecosystem [2] Company Operations - Brown & Brown utilizes AMS360® to create centralized service centers and specialized practices, enhancing operational efficiency and customer service [3] - The collaboration with Vertafore has been pivotal in shaping AMS360 to meet the evolving needs of modern insurance agencies [3] Industry Impact - Vertafore's CEO highlighted Brown & Brown's commitment to delivering scalable and innovative strategies, emphasizing their role in positively shaping the insurance industry's future [4] - Vertafore, as a leader in InsurTech, aims to simplify and automate the insurance lifecycle, benefiting independent agents, MGAs, and carriers [5]

Core Viewpoint - Zhibao Technology Inc. has established Zhibao Labuan Reinsurance Company Limited to expand its revenue streams through reinsurance operations, enhancing its position in the insurance market [1][2][4]. Group 1: Establishment and Purpose of Zhibao Labuan - Zhibao Labuan received its license from the Labuan Financial Services Authority to undertake general reinsurance operations beyond mainland China [1]. - The establishment of Zhibao Labuan aims to create an additional revenue stream through reinsurance premiums and potential underwriting profits [2][3]. - Zhibao Labuan is expected to participate in a small portion of the total insurance premium generated by Sunshine Insurance Brokers and Zhibao Health, while Zhibao will continue to operate primarily as an insurance brokerage [3]. Group 2: Revenue Generation Potential - The incorporation of Zhibao Labuan could potentially double Zhibao's revenue by allowing the company to earn a 20% commission on policies while also accepting a corresponding 20% reinsurance risk [2]. - Zhibao Labuan is positioned to generate income from reinsurance premiums in accordance with local regulatory standards, enhancing the company's financial performance [2][4]. Group 3: Leadership and Expertise - Zhibao Labuan will be led by Guangtong (Arthur) Ren, who has nearly 30 years of experience in insurance and corporate finance, bringing significant expertise to the new entity [5][6]. - Mr. Ren's background includes senior roles at AIG and experience in strategic planning and risk management, which will be beneficial for Zhibao Labuan's operations [6]. Group 4: Strategic Importance - The formation of Zhibao Labuan is seen as a strategic move to diversify revenue streams and enhance shareholder value by tapping into the thriving insurance market in Labuan, Malaysia [4]. - Zhibao Labuan will leverage accumulated data and market knowledge to lead in pricing and product development, ensuring high-quality offerings for customers [4].

Core Insights - InsurTech companies like ROOT Inc. and Lemonade are facing challenges such as lowered interest rates, increased competition, inflation, and higher repair costs, while also striving for profitability amidst regulatory scrutiny [1][2] ROOT Inc. Overview - ROOT focuses on auto insurance, employing telematics and data-driven pricing models, with a growth strategy centered on geographic expansion and increased distribution channels [3] - The company is expanding across automotive, financial services, and agent sub-channels, which is driving growth in new writings [4] - ROOT expects to refinance its debt facility with Blackrock in October 2024, potentially lowering interest expenses by 50% in 2025, and has shown improvement in its net margin over time [5] - The net margin has improved by 15,350 basis points over the last three years, marking 2024 as the first year of profitability, although high debt levels pose a financial risk [6] Lemonade Overview - Lemonade's growth strategy includes acquiring profitable businesses and focusing on car insurance, which it sees as a major growth engine [7] - The company aims for a tenfold business growth, targeting a 28% increase in in-force premium by 2025, and plans to achieve positive EBITDA by 2026 and net profit by 2027 [8] - Lemonade is exposed to catastrophe losses but has implemented strategic initiatives to manage this risk, contributing to improvements in its gross loss ratio [9][10] Financial Estimates - The Zacks Consensus Estimate for ROOT's 2025 revenues indicates a year-over-year decrease of 89.6%, while EPS is expected to increase by 5.1% [11] - For Lemonade, the 2025 revenue and EPS estimates imply a year-over-year increase of 1.1% and 24.8%, respectively [12] Valuation Metrics - ROOT is trading at a price-to-book multiple of 8.86X, significantly above its five-year median of 0.92X, while Lemonade's price-to-book multiple is at 3.2X, also above its median of 1.77X [13] Conclusion - ROOT aims to be the largest and most profitable company in the industry, leveraging technology for operational efficiency and growth [16] - Lemonade's focus on growth and technology is promising, but it has yet to achieve profitability, with ROOT outperforming in return on equity [17] - Over the past year, ROOT shares have surged by 77.8%, while Lemonade shares have gained 55.6%, indicating that ROOT is currently a more attractive investment option [18]

As filed with the Securities and Exchange Commission on January 16, 2024 Registration No. 333-________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FORM S-1 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Florida 524210 46-3390293 Incorporation or Organization) Classification Code Number) Identification Number) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer 300 B ...

As filed with the Securities and Exchange Commission on September 7, 2023 Registration No. 333-271110 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) ...

As filed with the Securities and Exchange Commission on April 4, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Florida 524210 46-3390293 (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) 300 Blvd. of the ...