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The latest update is out from Reliance Global Group ( (RELI) ).
Reliance Global Group has experienced a transformative year in 2024, implementing the OneFirm approach to increase revenue, reduce expenses, and improve EBITDA. This strategy has positioned the company for sustainable growth and long-term value creation. The near-finalization of the Spetner acquisition is expected to nearly double annual revenue and significantly boost Adjusted EBITDA. The acquisition’s completion is anticipated to strengthen Reliance’s market position and enhance shareholder value.
More about Reliance Global Group
Reliance Global Group, Inc. is an InsurTech company that leverages artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry. The company offers a business-to-business platform called RELI Exchange, which equips independent insurance agencies with business development tools to compete with large national agencies. Additionally, its business-to-consumer platform, 5minuteinsure.com, provides quick online insurance quotes for auto, home, and life insurance. Reliance also operates a portfolio of retail insurance agencies across the United States.
YTD Price Performance: -86.86%
Average Trading Volume: 146,993
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.06M
See more insights into RELI stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
