Business
Reliance Global Group Reports Third Quarter 2025 Financial Results and Provides Business Update; Strengthens Core Platform and Financial Position
Fortman Sale Nets a $3 Million Gain and Provides Capital to Significantly Reduce Long-Term Debt Company Progresses Digital Asset Treasury Initiative to
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Fortman Sale Nets a $3 Million Gain and Provides Capital to Significantly Reduce Long-Term Debt Company Progresses Digital Asset Treasury Initiative to Support Capital Appreciation Model Company on Track to Issue First Dividend in Its History — $0.03 Per Share Special Dividend Payable December 2, 2025 Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance”, “we” or the “Company”) today reported its financial results for the third quarter ended September 30, 2025, and provided a strategic and operational update. “The third quarter marked another important step in Reliance’s transformation and execution of our long-term growth strategy,” commented Ezra Beyman, Chairman and CEO of Reliance Global Group. “We completed the $5 million sale of Fortman Insurance Services (FIS), a wholly owned subsidiary, monetizing an asset at an approximate $3 million gain. This transaction added capital to our balance sheet which we immediately deployed to decrease our long-term debt by approximately 50%, improving our financial flexibility, and allowing us to focus resources on scaling higher-margin business segments through our RELI Exchange platform. As a result of this and other prudent financial management steps taken, we have meaningfully strengthened our financial position— our unrestricted cash increased approximately 590%, or $2.2 million, to $2.6 million, compared to the prior fiscal year-end, while working capital and equity grew by $1.2 million, or 284% to $1.6 million, and equity grew by $3.7 million or 125% to $6.8 million. Together, these achievements highlight our continued progress toward building a stronger, more resilient balance sheet that supports sustainable growth.” “As expected, the sale of Fortman Insurance Services (FIS) reduced short-term commission income, reflecting the divestiture of the asset; however, the transaction also eliminated related salary expenses and contributed to a leaner, more efficient operating model. In addition, we continued to advance our RELI Exchange platform with the addition of our Client Service Center, which enhances scalability by allowing agency partners to focus on growth while Reliance’s centralized service team manages client requests and policy administration. This initiative is im...