Appointment strengthens Reliance’s leadership at the intersection of InsurTech and decentralized finance, driving the Company’s evolution into blockchain-based value creationLAKEWOOD, NJ, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we” or the “Company”) today announced the appointment of Blake Janover, a recognized pioneer in bringing digital assets into public markets, as Chairman of the Company’s Crypto Advisory Board (CAB). In this role, Mr. Janover will adv ...

Core Insights - Reliance Global Group, Inc. reported a significant transformation in its financial position, highlighted by the $5 million sale of Fortman Insurance Services, resulting in a $3 million gain and a 50% reduction in long-term debt [2][4] - The company is on track to issue its first-ever dividend of $0.03 per share, payable on December 2, 2025, reflecting confidence in its operational strength and strategic direction [4][5] - The company is advancing its Digital Asset Treasury Initiative, integrating blockchain technology into its capital appreciation model, and has acquired positions in several leading digital assets [2][6] Financial Performance - Unrestricted cash increased by approximately 590%, or $2.2 million, to $2.6 million compared to the prior fiscal year-end, while working capital grew by $1.2 million, or 284%, to $1.6 million [2][9] - Equity improved by approximately $3.7 million, or 125%, to $6.8 million, indicating a strengthened balance sheet [2][9] - Commission income for Q3 2025 totaled $2.5 million, down from $3.4 million in Q3 2024, primarily due to the sale of Fortman Insurance Services [9] Operational Updates - The company has implemented a Client Service Center within its RELI Exchange platform to enhance scalability and operational efficiency [2] - Total operating expenses for the quarter included approximately $2.7 million in non-cash stock-based compensation, reflecting a strategic investment in talent retention [2][9] - The OneFirm initiative continues to drive cost alignment and operational efficiency across the organization [2] Future Outlook - The company expresses confidence in its strategic direction and long-term opportunities, emphasizing disciplined execution and sustainable growth [6] - Reliance aims to build a more focused business with stronger financial flexibility and a clear path toward long-term shareholder value [2][6]

Core Viewpoint - Reliance Global Group, Inc. will host a conference call on November 6, 2025, to discuss its third-quarter financial results and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for November 6, 2025, at 4:30 PM Eastern Time [1]. - U.S. callers can join the call by dialing +1 800-715-9871, while international callers can dial +1 646-307-1963 [2]. - A webcast of the call will be available on the company's investor relations website [2]. Group 2: Replay Information - A webcast replay will be accessible through the investor relations section of the company's website until November 6, 2026 [3]. - A telephone replay will be available approximately one hour after the call until November 20, 2025, with specific dialing instructions for U.S. and international callers [3]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [4]. - The company's B2B platform, RELI Exchange, offers independent insurance agencies tools to compete with larger national agencies while reducing operational costs [4]. - The B2C platform, 5minuteinsure.com, provides quick online insurance quotes for auto, home, and life insurance using AI and data mining [4]. - The company also operates a portfolio of retail insurance agencies across the U.S., offering a variety of insurance products [4].

Core Insights - Reliance Global Group has acquired Solana (SOL), enhancing its Digital Asset Treasury initiative and expanding its portfolio of digital assets [1][2][3] - The addition of Solana follows previous investments in Bitcoin, Ethereum, Cardano, and XRP, reflecting a strategy to diversify across leading blockchain ecosystems [2][3] - Solana is recognized for its high transaction throughput, low costs, and a growing ecosystem of decentralized applications, making it a significant asset for Reliance [3][5] Company Strategy - The acquisition of Solana aligns with Reliance's long-term vision of integrating advanced technologies like blockchain and AI with its existing strengths in insurance and financial services [3][4] - Reliance aims to create long-term shareholder value through a disciplined approach to digital asset management and innovation [2][4] - The company has declared a special cash dividend of $0.03 per share, reflecting confidence in its financial strength and growth trajectory [4] Blockchain Ecosystem - Solana's blockchain capabilities include processing over 65,000 transactions per second, confirming blocks in approximately 400 milliseconds, and maintaining low transaction fees [5] - The network supports a diverse range of decentralized platforms and applications, contributing to its expansive ecosystem [5]

Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]

Core Viewpoint - Reliance Global Group has made its first Bitcoin purchase as part of its Digital Asset Treasury initiative, marking a significant step in its digital asset strategy [2][3][5] Company Strategy - The acquisition of Bitcoin follows earlier investments in Ethereum and Cardano, creating a diversified portfolio of major blockchain assets [2][3][6] - Chairman and CEO Ezra Beyman described the Bitcoin purchase as a natural progression in building a resilient treasury [3] Investment Rationale - Reliance views Bitcoin as a store of value rather than a speculative asset, citing its capped supply of 21 million coins, strong security model, global liquidity, and growing institutional adoption as key reasons for the investment [4][5] - The company highlighted that Bitcoin processed approximately $19 trillion in transactions in 2024, more than doubling from the previous year, indicating rising usage [4] Broader Digital Asset Initiative - The company's digital asset strategy includes holding Bitcoin, Ethereum, and Cardano, which provides exposure to payments, smart contracts, and decentralized finance [6][12] - Reliance emphasizes compliance, transparency, and secure custody as central to managing its digital assets [7] Industry Context - Reliance joins a growing list of Nasdaq and NYSE-listed companies that have added Bitcoin to their balance sheets, reflecting a shift towards blockchain innovation in traditional financial services [8][13] - The company's move is seen as a hedge strategy and may signal that more small-to-midsized firms could consider adding crypto exposure [10] Future Outlook - Reliance indicates that further acquisitions may follow as it expands its digital asset focus beyond treasury management, while maintaining regulatory compliance [11] - The current holdings of Bitcoin, Ethereum, and Cardano are viewed as foundational to the company's strategy in adapting to financial technology [12][13]

Core Viewpoint - Reliance Global Group has completed its first purchase of Bitcoin under its Digital Asset Treasury initiative, marking a significant step in its strategy to diversify its treasury with top-tier digital assets [1][2][3] Group 1: Digital Asset Strategy - The purchase of Bitcoin is the third major step in Reliance's digital asset strategy, following earlier acquisitions of Ethereum and Cardano, reflecting a disciplined approach to diversifying its treasury [2][3] - Reliance's current crypto portfolio now includes Bitcoin, Ethereum, and Cardano, representing three of the largest blockchain networks [2][3] Group 2: Bitcoin's Role and Attributes - The company views Bitcoin as a foundational store of value rather than a speculative asset, highlighting its broad adoption, deep liquidity, and strong security [3][5] - Bitcoin is recognized for its limited supply of 21 million coins, robust network security, high liquidity, and growing institutional interest, with an estimated transaction volume of approximately $19 trillion in 2024 [5][3] Group 3: Strategic Goals and Governance - The CEO of Reliance emphasized the importance of creating a treasury that balances innovation, sustainability, and long-term value, with Bitcoin serving as a key component alongside Ethereum and Cardano [3][5] - Reliance aims to ensure governance, custody, and compliance remain paramount in its digital asset strategy, focusing on sustainable growth and long-term value for shareholders [3][5]

Core Viewpoint - Reliance Global Group has initiated its Digital Asset Treasury initiative by acquiring Ethereum, marking the first step in building a diversified digital asset portfolio, with plans to include Bitcoin and Solana in the future [1][4]. Group 1: Digital Asset Strategy - The company aims to fund its digital asset activities through cash reserves and approved corporate financing tools, focusing on long-term capital appreciation via blockchain participation [2]. - Reliance has established a Crypto Advisory Board to oversee and guide its digital asset initiatives, ensuring effective risk management and governance [3]. Group 2: Management Statements - The CEO emphasized that the Ethereum purchase is a significant milestone, showcasing the company's commitment to enhancing operational systems for digital asset management, including custody and compliance [4]. - The company believes that blockchain technology is transforming finance and insurance, and the Crypto Advisory Board will provide necessary oversight for responsible execution of its digital asset strategy [4]. Group 3: Innovation and Integration - Reliance has a history of leveraging AI and innovative distribution models in insurance and aims to apply similar innovations within the blockchain ecosystem, positioning itself at the intersection of InsurTech and decentralized finance [4].

Core Viewpoint - Reliance Global Group, Inc. is expanding into the digital asset and blockchain sector, planning to invest up to $120 million in cryptocurrencies like Bitcoin, Ethereum, and Solana, while also exploring tokenization of insurance-linked assets [1][5]. Group 1: Strategic Expansion - The Board of Directors has approved a strategic initiative to build a diversified portfolio of leading cryptocurrencies, with an initial investment of up to $60 million, followed by an additional $60 million [1]. - A newly formed Crypto Advisory Board (CAB) will manage and oversee the digital asset treasury strategy and related initiatives [4]. Group 2: Technological Integration - Reliance aims to leverage its experience in insurance, fintech, and artificial intelligence to explore opportunities for tokenizing insurance-linked assets, potentially creating a new investment class [2][3]. - The company’s proprietary RELI Exchange platform and AI-driven capabilities will be utilized to enhance the blockchain ecosystem [5]. Group 3: Market Positioning - The initiative is expected to enhance shareholder value and position Reliance at the forefront of InsurTech and blockchain innovation, unlocking long-term growth opportunities [5]. - Reliance has a history of utilizing AI and data mining to deliver competitive insurance solutions, which will now be applied to the blockchain space [5].

Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing artificial intelligence (AI) and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [3] - The company's B2B InsurTech platform, RELI Exchange, offers independent insurance agencies a comprehensive suite of business development tools, enabling them to compete with larger national agencies while minimizing back-office costs [3] - Reliance also operates a B2C platform, 5minuteinsure.com, which employs AI and data mining to provide competitive online insurance quotes for auto, home, and life insurance within minutes [3] - The company manages a portfolio of retail insurance agencies across the United States, which are recognized leaders in their respective regions, offering a diverse range of insurance products [3] Upcoming Events - Ezra Beyman, Chairman and CEO of Reliance, will participate in the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025, at the Lotte New York Palace Hotel [1] - The company's presentation will be available on-demand for registered attendees starting September 8, 2025, at 7:00 AM Eastern Time [2] - Management will engage in one-on-one meetings with qualified investors throughout the conference [2]