What Reliance Global Group does

Reliance Global Group, Inc. (NASDAQ: EZRA, formerly RELI) is an AI-powered insurance agency roll-up company headquartered in Lakewood, New Jersey, that combines a traditional insurance brokerage operation with proprietary insurtech platforms. The company runs two core technology products: RELI Exchange, a B2B insurtech platform serving approximately 300 independent insurance agency partners with business development tools, recruiting management, pipeline tracking, and centralized back-office infrastructure; and 5minuteinsure.com, a B2C consumer platform that uses AI and data mining to generate competitive insurance quotes for auto, home, and life insurance across 20+ U.S. states. Revenue is primarily generated through commissions on property and casualty, health, life, and Medicare supplement insurance written through the company's owned retail agencies, the RELI Exchange partner network, and carrier relationships spanning 30+ carriers and licensing in 47–49 states. Q1 2026 commission income was approximately $3.8 million, with projected annual revenue scaling toward approximately $28 million following the pending Spetner Associates acquisition.

The company is undergoing a substantive strategic pivot under the EZRA International Group subsidiary and its Scale51 acquisition model, designed to build controlling 51% stakes in high-growth technology companies across AI, cybersecurity, fintech, insurtech, medtech, and digital health. The first platform investment was Enquantum Ltd. (post-quantum cryptography, FPGA-accelerated 5G networking), acquired for an aggregate purchase price of $2,125,000 with approximately 29% ownership achieved as of April 2026 and a milestone-based path to majority control. LifeSci Global Group LLC was launched in May 2026 as a dedicated life sciences platform, anchored by a $2 million strategic investment in Innervate Radiopharmaceuticals. In parallel, Reliance divested its Employee Benefits Solutions and U.S. Benefits Alliance subsidiaries in December 2025 (using 50% of proceeds to cut debt by more than half), executed a 1-for-40 reverse stock split in May 2026 to regain Nasdaq compliance, and appointed a new CTO (from Coinbase and Capital One), COO, and EVP in June 2026 to formalize a dual AI strategy combining AI-powered acquisition roll-up with AI-native insurance product development. The company remains unprofitable, reporting a 2025 net loss of approximately $7.0 million.

Name

Reliance Global Group

Legal name

Reliance Global Group, Inc.

Website

https://relianceglobalgroup.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Reliance Global Group (NASDAQ: EZRA) is an AI-powered insurance agency roll-up operating RELI Exchange (B2B platform for ~300 independent agencies) and 5minuteinsure.com (consumer quoting), now expanding via Scale51 to acquire controlling stakes in technology companies.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Insurtech

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Individual Health Insurance Brokerage & Distribution (FSAIAEAL)

akta.pro secondary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Insurance brokerage services
• Insurtech platform
• AI insurance agency
• Independent agency network
• Insurance roll-up

Headquarters

HQ city

Lakewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D

Revenue model

1. Insurance Commission Income: Revenue generated from insurance brokerage operations including commissions from property and casualty, health, life, and Medicare supplement insurance products. Commission income was approximately $3.8 million in Q1 2026, with approximately 11% organic revenue growth from retained businesses. The company operates retail brick-and-mortar insurance agencies and a network of approximately 300 agency partners.
2. Technology Platform Services: Revenue from providing technology platforms (RELI Exchange, 5minuteinsure.com) to independent insurance agencies and consumers. The company provides business development tools, AI-powered quoting capabilities, and operational infrastructure to agency partners.
3. Strategic Ventures / Investment Returns: Returns from strategic investments through EZRA International Group and Scale51 model, including ownership stakes in post-quantum cybersecurity (Enquantum at 29%), life sciences (Innervate Radiopharmaceuticals), and technology platforms. The company uses milestone-based capital deployment to build controlling positions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Reliance Global Group operates an AI-powered insurance agency roll-up business combining insurance brokerage services with proprietary insurtech platforms. The company distributes auto, home, life, health, property and casualty, and Medicare supplement insurance through its RELI Exchange B2B platform, 5minuteinsure.com B2C consumer platform, and a national network of acquired and partner agencies. The company is also transitioning into a technology holding company via its EZRA International Group subsidiary, using the Scale51 model to acquire majority stakes in technology and life sciences companies.

Product overview

Reliance Global Group operates as an AI-powered insurance agency roll-up company with a platform-plus-modules architecture. The core business consists of two main technology platforms: RELI Exchange (B2B insurtech platform for independent insurance agencies) and 5minuteinsure.com (B2C consumer platform for online insurance quotes). The company complements its core insurance operations with strategic growth initiatives through EZRA International Group, which includes the Scale51 acquisition model targeting 51% controlling stakes in technology companies, LifeSci Global Group for life sciences investments, and portfolio companies like Enquantum (post-quantum cybersecurity) and Innervate (radiopharmaceuticals). The company is transitioning to an AI-native strategy, with plans to develop AI-powered insurance products built entirely around artificial intelligence.

Differentiator

Problem solved

Functional benefit

Brands

• EZRA International Group: Strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology and life sciences companies.
• RELI Exchange
• 5minuteinsure.com
• LifeSci Global Group
• Scale51

Products and services

• 5minuteinsure.com B2C consumer platform using AI and data mining to provide competitive online insurance quotes within minutes for auto, home, and life insurance purchasing, serving everyday consumers across 20+ US states.
• RELI Exchange 2.0 B2B insurtech platform providing independent insurance agencies with business development tools, including recruiting management, pipeline tracking, task integration, and communication tracking. Reported expansion from 65 to approximately 300 agency partners since 2022 with 72% YoY increase in health insurance policies in 2025 open enrollment.
• Insurance Brokerage Services Retail insurance brokerage operations distributing property and casualty, life, health, and Medicare supplement insurance products through owned retail agencies, the Agency Partner Network, and direct consumer channels. Commission income was approximately $3.8 million in Q1 2026.
• Enquantum FPGA-accelerated User Plane Function (UPF) FPGA-accelerated private 5G networking technology designed for secure, low-latency network environments supporting financial systems, AI workloads, and telecommunications infrastructure. Deployed by Enquantum Ltd. (portfolio company of Scale51) with Israeli construction company for worker safety.
• Post-Quantum Cryptographic Solutions

Quantifiable outcome

• 72% year-over-year increase in health insurance policies written through RELI Exchange during 2025 open enrollment
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• National Retail SolutionsminorGTM or Marketing Partner · 8 September 2022Referral partnership announced September 2022 for mutual business development and customer referral initiatives between Reliance Global Group and National Retail Solutions.
• Enquantum Ltd.coreStrategic or Co-development PartnerReliance Global Group is building toward majority control (51%) of Enquantum Ltd., a post-quantum cybersecurity company developing quantum-resilient encryption technology. The milestone-based investment pathway has increased Reliance's ownership to approximately 29% as of April 2026, with the goal of obtaining controlling interest upon achievement of defined technical and commercial milestones. Enquantum targets financial institutions, telecommunications carriers, and government networks.
• Innervate RadiopharmaceuticalscoreStrategic or Co-development PartnerLifeSci Global Group LLC, the biotech division of Reliance's EZRA International Group, completed a strategic investment of approximately $2 million in Innervate Radiopharmaceuticals, acquiring 421,053 shares at $4.75 per share. Innervate is developing 18F-mFBG, a PET imaging agent for neuroblastoma with applications in cardiovascular and neurodegenerative diseases. Scott Korman serves as CEO of Innervate and as member of Reliance's Board.
• Scentech Medical (Scent Medical Technologies Ltd.)minorStrategic or Co-development PartnerReliance Global Group signed a non-binding term sheet to acquire a majority equity position in Scent Medical Technologies Ltd., an Israeli diagnostics company developing AI-powered breath-based disease detection technologies for pancreatic cancer and healthcare-associated infection detection, targeting estimated global market opportunity of $5-10 billion.
• Insurance Carriers (30+)coreChannel Partner/ Reseller/ DistributorReliance Global Group maintains partnerships with over 30 insurance carriers nationwide, enabling the company to offer diverse insurance products through its agency network and platforms. The company is licensed in 49 states.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Acrisure: Large privately held insurance brokerage built through an aggressive acquisition roll-up of independent agencies, very analogous to Reliance's AI-powered agency roll-up strategy though at a far larger scale.
• Hub International: Insurance brokerage that has grown primarily by acquiring and consolidating independent agencies across North America, with comparable multi-line P&C, life, and health brokerage operations and carrier distribution.
• SelectQuote: Direct-to-consumer insurance distribution platform focused on life and health/Medicare products, closely comparable to Reliance's 5minuteinsure.com consumer motion and Medigap supplement focus.
• GoHealth: Medicare-focused health insurance marketplace that uses technology to match consumers with carriers and agents, a strong comparable to Reliance's Medicare supplement brokerage and digital health quoting capabilities.
• EverQuote: Online insurance marketplace connecting consumers with agents and carriers across P&C and life, conceptually aligned with 5minuteinsure.com's AI-driven online quoting and lead-generation model.

Broad incumbents

• Brown & Brown: Large publicly traded insurance brokerage and risk management firm with diversified programs across P&C, employee benefits, and specialty lines, reflecting the kind of scaled, multi-product agency platform Reliance aspires to build.
• Marsh McLennan: Global insurance brokerage and risk advisory powerhouse with extensive carrier relationships, multi-state licensing, and a broad set of brokerage services that overlaps Reliance's core agency/brokerage offering.

Emerging players

• Lemonade: AI-native, mobile-first insurance carrier that sells directly to consumers using automated underwriting and conversational AI, the clearest public-market analog to Reliance's stated AI-native insurance product ambitions.
• The Zebra: Insurance comparison marketplace for auto, home, and life that uses data-driven quoting to help consumers compare carriers, directly comparable to 5minuteinsure.com's AI-powered online quote experience.

Others

• MediaAlpha: Customer acquisition platform powering insurance carrier and agent lead generation; comparable to the distribution/data layer underlying 5minuteinsure.com's consumer insurance quoting motion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/NASDAQ_RELI
• Facebookfacebook.com/Reliance-Global-Group-104106998405287
• LinkedInlinkedin.com/company/reliance-global-group-inc-reli

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reliance Global Group