Reliance Global Group FY2025 net loss narrows 23% to USD 7 million, salaries and wages rise 43% to USD 10.3 million

Reuters03-11
Reliance Global Group FY2025 net loss narrows 23% to USD 7 million, salaries and wages rise 43% to USD 10.3 million

Reliance Global Group reported a FY 2025 net loss of USD 7 million, improving 23%, and said the change was mainly driven by a gain on business sales and the absence of prior-year asset impairment charges. Commission income was USD 12.4 million, down 12%, reflecting portfolio realignment and divestitures including Fortman Insurance Services, Employee Benefits Solutions and U.S. Benefits Alliance. Salaries and wages rose 43% to USD 10.3 million, primarily due to non-cash share-based compensation. General and administrative expenses increased 16% to USD 4.9 million, driven by non-cash equity awards and partly offset by efficiencies tied to its OneFirm initiative. The company said it launched EZRA International Group and its Scale51 platform, completed a first investment in post-quantum cybersecurity firm Enquantum, and signed a non-binding term sheet to acquire a majority stake in AI diagnostics company Scentech Medical.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603101605PRIMZONEFULLFEED9669491) on March 10, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment