Reliance Global Reports $2.7M Q2 Loss, Reduces $5.6M Debt

Reliance Global Group, an InsurTech company leveraging AI and cloud technologies, reported strategic progress in the second quarter of 2025, despite a modest revenue decline due to shifts in its medical/health client base. The company saw an 8% increase in its property and casualty revenue and strengthened its financial position by repaying about $5.6 million of long-term debt, improving cash flow and flexibility. A key development was the launch of RELI Auto Leasing, which offers new revenue opportunities for agency partners and convenience for consumers through nationwide delivery. Reliance also streamlined its portfolio by selling Fortman Insurance Services to focus on high-growth, tech-enabled areas aligned with its OneFirm strategy, which unifies agency operations under an integrated model. The company is set to discuss its financial results and business updates in a conference call scheduled for July 30, 2025, with details provided for investor participation. This ongoing transformation aims to enhance Reliance's competitive position against national agencies while expanding its digital and retail insurance offerings.