Next phase of RELI Exchange is designed to expand recruiting capacity, improve execution and build on the platform’s strong operating momentum
LAKEWOOD, NJ, March 25, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” “our,” the “Company” or “Reliance”) today announced the launch of RELI Exchange 2.0, the next phase of its InsurTech platform for independent insurance agencies, designed to expand recruiting capacity, improve execution and position the platform for faster, more efficient growth.
In February 2026, Reliance reported that health insurance policies written through RELI Exchange during the 2025 open enrollment period increased 72% year over year, Personal Lines Property and Casualty written premium increased 36% year over year, and the broker network expanded from approximately 65 to approximately 300 agency partners since 2022. RELI Exchange 2.0 is designed to build on that momentum by making the platform faster, more disciplined, and more effective as a growth engine.
The upgrade brings recruiting activity into a centralized operating environment with defined pipeline stages, integrated task management, and full communication tracking. Reliance believes these enhancements can support faster follow-up, better prioritization, stronger recruiter productivity, greater outreach capacity, and stronger forecasting, while enabling the Company to manage higher recruiting volumes with greater speed and efficiency as the platform continues to expand.
“RELI Exchange 2.0 is about making an already scalable and successful platform even more effective as a growth engine,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “RELI Exchange has already delivered strong operating momentum, and we believe this upgrade gives us the infrastructure to move faster, execute more efficiently and support growth across our agency partner network.”
Mr. Beyman continued, “By improving visibility, workflow discipline and recruiting capacity, RELI Exchange 2.0 is designed to help us scale the platform with greater speed and efficiency. We expect this upgrade to increase recruiter activity levels, including more consistent follow-up and a higher number of agent engagements per recruiter, while enabling the team to manage greater volume without additional headcount. Just as important, it creates a foundation for future automation and more intelligent, data-driven capabilities that we believe can further enhance execution over time.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies with an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, while reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words or expressions such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “seek,” “potential,” “target,” or similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding: the expected benefits, capabilities and performance of RELI Exchange 2.0, including its ability to improve recruiting efficiency, increase recruiter productivity, enhance workflow discipline, expand outreach capacity, improve forecasting and support higher recruiting volumes; the Company’s expectations regarding continued growth of its broker network, policy volume and written premium; the ability of RELI Exchange 2.0 to drive faster and more efficient growth and serve as a scalable growth engine; and the Company’s expectations regarding future automation, data-driven capabilities and overall platform development.
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that RELI Exchange 2.0 does not perform as expected or deliver the anticipated operational or financial benefits; risks associated with the implementation, adoption and scaling of new technology platforms and systems; the Company’s ability to effectively manage increased recruiting activity and platform usage; the risk that increased recruiting activity does not translate into increased revenue or profitability; dependence on independent agency partners and the Company’s ability to attract, retain and support such partners; risks related to data accuracy, system integration, automation and cybersecurity; competitive pressures in the insurance and InsurTech markets; and general business, economic, market, interest rate and geopolitical conditions.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
Milestone-Based Execution Continues Under EZRA’s Scale51 Platform
LAKEWOOD, NJ, March 19, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” our,” the “Company” or “Reliance”) today announced that it has funded the next completed milestone in its strategic investment in Enquantum Ltd., a post-quantum cryptography company developing quantum-resilient encryption technology for high-performance environments.
We believe this milestone marks a significant step forward in Enquantum’s commercialization strategy under the Scale51 execution plan, highlighted by continued advancement of its core technology and R&D capabilities, positioning the company for upcoming deployment activities. Enquantum is now actively engaging with prospective partners in North America and moving forward with planned implementation in high-value private network environments in Israel, including program in the southern region of Israel.
With completion of this milestone, Reliance funded the next investment tranche, increasing its ownership position in Enquantum by an additional 4% to approximately 12% on a fully diluted basis and securing an additional board seat under the investment agreement. The agreement details structured, milestone-based tranche investments designed to increase Reliance’s ownership position to a 51% fully diluted controlling interest when all milestones are completed or upon our acceleration at our discretion.
“We believe this milestone reflects the disciplined execution model we outlined from the beginning, where capital is deployed as defined operating objectives are achieved,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “We expect Enquantum to continue to advance against that framework. This funding increases both our ownership position and our governance role as we continue to execute on EZRA’s Scale51 acquisition platform. We believe this structured approach supports long-term value creation while advancing our path toward a majority position.”
Enquantum represents the first active platform investment under EZRA International Group’s Scale51 model, which is designed to identify high-impact technology opportunities, structure disciplined pathways to majority control, and provide active operational support as companies advance toward broader commercialization and scale.
Google’s recent initiative to develop quantum-safe HTTPS infrastructure underscores the urgency of transitioning the internet’s core security layers to post-quantum standards. The introduction of Merkle Tree Certificates highlights the real-world challenges of deploying quantum-resistant cryptography at scale, particularly around efficiency, bandwidth, and system architecture, reinforcing that quantum resilience is now an active, near-term transformation led by major technology platforms. As foundational protocols like TLS continue to evolve, we believe the need for adaptable and scalable cryptographic solutions becomes increasingly critical across global digital infrastructure.
Enquantum is focused on addressing this shift by developing technologies designed to support the next generation of quantum-resilient security frameworks. Specifically, Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions engineered for high-throughput, performance-sensitive environments. The Company believes performance validation is an important requirement for adoption across infrastructure markets where encryption must be strengthened without impairing throughput or latency.
“With global cybersecurity spending expected to surpass $300 billion annually by 2029, the urgency around digital risk management continues to intensify.” said Moshe Fishman, Senior Vice President of Strategic Ventures. “We believe the transition to quantum-resilient encryption represents one of the most significant structural shifts in cybersecurity, given encryption’s foundational role across modern digital infrastructure. Enquantum is positioned to play a key role in enabling this transition.”
Reliance views Enquantum as strategically positioned within a broader transition toward quantum-resilient security across regulated financial systems, cloud and AI infrastructure, telecommunications networks, and public-sector environments. Through Scale51 and EZRA International Group, Reliance intends to support Enquantum not only with capital, but also with operational guidance, strategic relationships, and commercialization support as it advances in the market.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s expected pathway to increase its ownership in Enquantum Ltd. (“Enquantum”) to a 51% fully diluted controlling interest pursuant to the definitive agreement; the timing, funding and completion of future milestone-based tranche investments, including the Company’s ability to exercise acceleration rights; the Company’s anticipated ability to obtain additional governance rights, including board representation, upon achievement of specified milestones; the development, performance, scalability, validation and commercialization of Enquantum’s post-quantum cryptographic technology; Enquantum’s engagement with prospective partners and planned deployments in Israel and other markets; the anticipated demand for, and timing of, migration to quantum-resilient encryption standards; the size, growth and evolution of the post-quantum cybersecurity market; the Company’s ability to integrate Enquantum within EZRA International Group and execute its Scale51 operating model; and the expected strategic, operational and financial benefits of the investment.
These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that milestone conditions are not achieved or are delayed; the risk that the Company is unable to fund future tranche investments on anticipated terms or timelines; the risk that the Company does not ultimately obtain majority ownership or governance control; risks related to the development, validation, performance, regulatory acceptance, commercialization or market adoption of Enquantum’s technology; the risk that anticipated partner engagements or planned deployments, including in Israel, do not occur as expected or are delayed or cancelled; the risk that post-quantum standards adoption or infrastructure migration occurs more slowly or differently than anticipated; integration, execution and scaling challenges associated with supporting an early-stage technology company; the risk that anticipated synergies or strategic benefits are not realized on expected timelines or at all; intellectual property, cybersecurity, regulatory and data protection risks; the Company’s ability to access capital on acceptable terms or at all; and general economic, market and interest rate conditions.
Such risks and uncertainties also include geopolitical risks, including the ongoing and evolving conflict involving Israel and Iran, which may result in regional instability, military activity, cyberattacks, disruptions to critical infrastructure, supply chains or communications networks, workforce disruptions, delays in development, testing or deployment activities, or limitations on Enquantum’s ability to operate in or access certain markets. Recent developments have included an escalation in state-sponsored and retaliatory cyber activity and attacks on infrastructure in the region, which could adversely impact technology companies operating in or connected to the region. The extent, duration and impact of such conditions remain uncertain and could materially adversely affect Enquantum’s operations and the Company’s investment.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
Closing of Purchase Agreement in Post Quantum Cybersecurity Company Mark First Step in the Scale51 Technology Expansion Strategy
Company to Host Conference Call Today at 4:30 PM Eastern Time
LAKEWOOD, N.J., March 10, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” “our,” the “Company” or “Reliance”) today reported financial results for the year ended December 31, 2025, and provided a strategic update on the Company’s Scale51 initiative, including the launch of EZRA International Group and the closing of the purchase agreement with Enquantum Ltd., a post quantum cybersecurity company. Scale51 represents the Company’s structured framework for expanding into technology driven sectors through disciplined investments and strategic partnerships, while continuing to operate and develop its established insurance platform.
Key Highlights
EZRA International Group launched Scale51, a strategic technology-focused platform designed to identify and scale high growth companies innovative across cybersecurity, artificial intelligence, fintech, and digital health.
Completed a first investment in Enquantum Ltd., establishing a pathway toward majority control of a post-quantum cybersecurity platform developing next-generation encryption technology.
Signed a non-binding Term Sheet to acquire a majority stake in Scentech Medical, an AI-based diagnostics company, developing non-invasive breath-based disease detection technology. The contemplated acquisition, if closed would position the Company in the rapidly evolving field of AI-driven medical diagnostics.
Strengthened the balance sheet through strategic divestitures, including the sale of Fortman Insurance Services and other non-core assets, enabling significant debt reduction and improved financial flexibility.
“2025 was a transition year focused on enhancing the balance sheet, streamlining operations, and positioning Reliance to execute its Scale51 technology growth strategy,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “We strengthened our insurance and InsurTech operations, generating more than $12 million in commission income, reflecting the strategic divestiture of non-core operations during the year, allowing the Company to focus capital on higher growth opportunities. The increase in salaries and wages was primarily driven by non-cash, share-based compensation, aligning management incentives with long-term shareholder value creation. Overall, we reduced net loss year over year and improved our balance sheet through strategic divestitures and debt reduction.”
Mr. Beyman continued, “During the year we launched EZRA International Group and our Scale51 operating model, establishing an operational platform to begin building a portfolio of technology-driven businesses in high-growth sectors. Our investment in Enquantum, which establishes a pathway toward majority control of a post-quantum cybersecurity platform, and our non-binding term sheet we entered into to acquire a majority stake in Scentech Medical, an AI based diagnostics company, represent early examples of the innovative technology companies we intend to help scale. Our insurance and InsurTech operations continue to provide a stable operating foundation while the Company expands into technology sectors through the Scale51 growth strategy.”
Strategic Update
During 2025, Reliance advanced its strategy to build a diversified operating platform combining its established insurance and InsurTech operations with technology-driven growth initiatives. A key milestone was the launch of EZRA International Group, a division focused on identifying and scaling innovative technology companies. Supporting this initiative is the Company’s Scale51 operating model, designed to work alongside management teams to accelerate commercial growth and expand technologies into global markets.
As part of this strategy, Reliance completed an investment in Enquantum Ltd., a cybersecurity company developing post-quantum encryption technologies designed to protect digital infrastructure from emerging threats associated with advances in quantum computing. The transaction establishes a pathway for Reliance to obtain majority control of the Enquantum platform as the business continues to scale.
The Company has also entered into an non-binding term sheet to acquire a majority stake in Scentech Medical, an AI-based diagnostics company developing non-invasive breath-analysis product candidate to detect disease-associated molecular signatures.
Reflecting its evolving strategic direction, the Company transitioned its Nasdaq ticker symbol from RELI to EZRA during the year.
Reliance’s insurance and InsurTech operations continue to provide a stable operating foundation, generating more than $12 million in commission income during 2025. Management remains focused on enhancing operational efficiency within its insurance and InsurTech operations while pursuing targeted technology investments through EZRA International Group.
During 2025, Reliance also simplified its operating structure and strengthened its balance sheet through several strategic actions. The Company completed the sale of Fortman Insurance Services and divested its remaining Employee Benefits Solutions and U.S. Benefits Alliance businesses, generating capital used to reduce long-term debt and improve financial flexibility.
Management intends to continue identifying opportunities to expand its technology platform through EZRA International Group while maintaining disciplined capital allocation.
2025 Financial Highlights
The following summarizes select financial results for the year ended December 31, 2025:
Strategic transition and portfolio realignment: During 2025, the Company executed a portfolio realignment through the sale of Fortman Insurance Services, Employee Benefits Solutions, and U.S. Benefits Alliance. Proceeds from these transactions were used to reduce debt, strengthen the balance sheet, and simplify operations as Reliance repositioned the business to advance its Scale51 technology growth strategy. The Company’s insurance brokerage and InsurTech platforms continue to provide a stable operating foundation supporting this expansion.
Unrestricted cash increased by approximately $0.9 million, or 250%, to approximately $1.3 million as of December 31, 2025, compared with approximately $0.4 million as of December 31, 2024.
Working capital improved by approximately $1.5 million, or 351%, to approximately $1.9 million as of December 31, 2025, and stockholders’ equity increased by approximately $3.4 million, or 114%, to approximately $6.4 million, compared with December 31, 2024.
Commission income was $12.4 million for the year ended December 31, 2025, compared with $14.1 million for the year ended December 31, 2024, representing a decrease of $1.6 million, or 12%. The decrease was primarily attributable to the Company’s portfolio realignment during 2025, including the divestiture of the Fortman Insurance Services, Employee Benefits Solutions, and U.S. Benefits Alliance businesses.
Commission expense was $4.6 million in 2025, compared with $4.2 million in 2024, representing an increase of $0.4 million, or 10%. The increase primarily reflects higher commissions associated with increased sales activity in certain of the Company’s operations, as well as general market-driven increases in commission rates across the insurance sector.
Salaries and wages totaled $10.3 million in 2025, compared with $7.2 million in 2024, representing an increase of $3.1 million, or 43%. The increase was primarily attributable to non-cash share-based compensation, partially offset by the elimination of salaries associated with Fortman Insurance Services following its divestiture.
General and administrative expenses were $4.9 million in 2025, compared with $4.2 million in 2024, representing an increase of $0.7 million, or 16%. The increase was primarily driven by non-cash equity awards to directors and service providers, partially offset by operational efficiencies associated with the Company’s OneFirm initiative.
Net lossimproved to $7.0 million in 2025, compared with $9.1 million in 2024, representing an improvement of $2.1 million. The improvement was primarily attributable to the gain recognized on the sale of certain businesses during the year, as well as the absence of asset impairment charges recorded in the prior year.
Adjusted EBITDA (“AEBITDA”), a non-GAAP financial measure, was ($1.6 million) in 2025, compared with ($0.3 million) in 2024. The change was primarily driven by lower revenue following the Company’s portfolio realignment transactions during 2025, as well as higher operating costs and higher commission expense associated with increased sales activity within certain of the Company’s remaining operations.
Conference Call
Reliance Global Group will host a conference call Tuesday, March 10, 2026, at 4:30 PM Eastern Time to discuss financial results and provide a business update.
A webcast replay will be available on the investor relations section of the Company’s website through March 10, 2027. A telephone replay will be available approximately one hour following the call through March 24, 2026, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 53733.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and InsurTech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words or expressions such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “seek,” “potential,” “target,” or similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s strategy to expand into technology-driven sectors through its Scale51 initiative and EZRA International Group platform; the Company’s ability to identify, acquire, invest in and scale innovative technology companies; the potential acquisition of a majority stake in Scentech Medical pursuant to the non-binding term sheet and the timing or likelihood of entering into definitive agreements or completing such transaction; the Company’s investment in Enquantum Ltd. and the anticipated development, commercialization and market adoption of its post-quantum cybersecurity technologies; the Company’s ability to integrate or support technology businesses within its operating platform; anticipated strategic, operational and financial benefits of these initiatives; the Company’s ability to continue strengthening its balance sheet and redeploy capital following the sale of non-core insurance operations; and the Company’s broader business strategy, capital allocation priorities and growth outlook.
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that the contemplated transaction with Scentech Medical is not completed or is completed on different terms than currently anticipated; risks associated with early-stage technology investments, including the development, commercialization and adoption of new technologies; the Company’s ability to successfully execute its Scale51 strategy and integrate or support new technology investments; the possibility that anticipated strategic or financial benefits from these initiatives may not be realized within expected timeframes or at all; the Company’s ability to access capital and maintain sufficient liquidity to support its strategic initiatives; risks associated with operating in emerging technology sectors including cybersecurity, artificial intelligence and digital health; and general business, economic, market, interest rate and geopolitical conditions.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
INFORMATION REGARDING A NON-GAAP FINANCIAL MEASURE
The Company believes certain financial measures which meet the definition of non-GAAP financial measures, as defined in Regulation G of the SEC rules, provide important supplemental information. Namely our key financial performance metric Adjusted EBITDA (“AEBITDA”) is a non-GAAP financial measure that is not in accordance with, or an alternative to, measures prepared in accordance with GAAP. “AEBITDA” is defined as earnings before interest, taxes, depreciation, and amortization (EBITDA) with additional adjustments as further outlined below, to result in Adjusted EBITDA (“AEBITDA”). The Company considers AEBITDA an important financial metric because it provides a meaningful financial measure of the quality of the Company’s operational, cash impacted and recurring earnings and operating performance across reporting periods. Other companies may calculate Adjusted EBITDA differently than we do, which might limit its usefulness as a comparative measure to other companies in the industry. AEBITDA is used by management in addition to and in conjunction (and not as a substitute) with the results presented in accordance with GAAP. Management uses AEBITDA to evaluate the Company’s operational performance, including earnings across reporting periods and the merits for implementing cost-cutting measures. We have presented AEBITDA solely as supplemental disclosure because we believe it allows for a more complete analysis of results of operations and assists investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Consistent with Regulation G, a description of such information is provided below herein and tabular reconciliations of this supplemental non-GAAP financial information to our most comparable GAAP information are contained in this Annual Report on Form 10-K under “Results of Operations”.
We exclude the following items, and the following items define our non-GAAP financial measure AEBITDA:
Interest and related party interest expense: Unrelated to core Company operations and excluded to provide more meaningful supplemental information regarding the Company’s core operational performance. Depreciation and amortization: Non-cash charge, excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Goodwill and/or asset impairment: Non-cash charge, excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Equity-based compensation: Non-cash compensation provided to employees, directors and third parties, excluded to provide more meaningful supplemental information regarding the Company’s core cash impacted operational performance.
Change in estimated acquisition earn-out payables: An Earn-out liability is a liability to the seller upon an acquisition which is contingent on future earnings. These liabilities are valued at each reporting period and the changes are reported as either a gain or loss in the change in estimated acquisition earn-out payables account in the consolidated statements of operations. The gain or loss is non-cash, can be highly volatile and overall is not deemed relevant to ongoing operations, thus, it’s excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Recognition and change in fair value of warrant liabilities: This account includes changes to derivative warrant liabilities which are valued at each reporting period and could result in either a gain or loss. The period changes do not impact cash, can be highly volatile, and are unrelated to ongoing operations, and thus are excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Other (income) expense, net: This account includes non-routine and/or non-core operating income or expenses and other individually de minimis items and these amounts are excluded as unrelated to core operations of the company.
Gain on sale: This account includes gains on sale from certain agency divestitures that occurred in the period which are unrelated to primary Company operations and are excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Transactional costs: This includes expenses related to mergers, acquisitions, financings and refinancings, and amendments or modification to indebtedness. These costs are unrelated to primary Company operations and are excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Non-standard costs: This account includes non-standard non-operational items, related to costs incurred for a legal suit the Company has filed against one of the third parties involved in the previously disclosed discontinued operations and is excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
Unrealized and realized gains (losses) on digital assets, net: This account includes unrealized and realized gains and losses from digital assets and is thus excluded to provide more meaningful supplemental information regarding the Company’s core operational performance.
The following table provides a reconciliation from net loss to AEBITDA for the periods ended December 31, 2025 and 2024, respectively:
December 31, 2025
December 31, 2024
Net income (loss)
$
(6,987,756
)
$
(9,071,584
)
Adjustments:
Interest and related party interest expense
1,043,274
1,583,610
Depreciation and amortization
1,331,846
1,786,068
Asset impairment
–
3,922,110
Goodwill Impairment
–
–
Equity based compensation employees, directors and third parties
5,708,028
858,108
Change in estimated acquisition earn-out payables
–
47,761
Other (income) expense, net
–
(51,345
)
Gain on sale
(3,182,917
)
–
Transactional costs
453,686
636,494
Non-standard costs
(22,294
)
123,554
Unrealized and realized gains (losses) on digital assets, net
59,505
–
Recognition and change in fair value of warrant liabilities
LAKEWOOD, N.J., March 06, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (NASDAQ: EZRA) (“Reliance” or the “Company”), announced today that it will host a conference call Tuesday, March 10, 2026, at 4:30 PM Eastern Time to discuss financial results for the fourth quarter 2025 and provide a business update.
A webcast replay will be available on the investor relations section of the Company’s website at https://relianceglobalgroup.com/events-and-presentations/ through March 10, 2027. A telephone replay of the call will be available approximately one hour following the call, through March 24, 2026, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 53733.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
Post-Quantum Encryption Transition Expected to Drive a Multi-Year Global Cybersecurity Upgrade Cycle
LAKEWOOD, NJ, Feb. 23, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” our,” the “Company” or “Reliance”) today announced the completion of its strategic acquisition of Enquantum Ltd., a post-quantum cryptography company developing quantum-resilient encryption technology. The transaction marks the first active platform acquisition executed under EZRA’s Scale51 operating model and establishes a defined pathway toward majority control as the Company moves to build Enquantum into a core operating platform within EZRA International Group. Quantum computing advancement is accelerating globally, intensifying concern that widely deployed encryption standards such as Rivest-Shamir-Adleman (RSA) and Elliptic Curve Cryptography (ECC) – which secure financial systems, hyperscale cloud infrastructure, telecommunications backbones, AI platforms, government systems, and other critical infrastructure – may become vulnerable to quantum-enabled attacks. Security agencies and industry experts have warned of “harvest now, decrypt later” strategies, in which encrypted data is captured today with the expectation it may be decrypted once sufficiently advanced quantum systems become available.
In response, global standards bodies including the U.S. National Institute of Standards and Technology (NIST) are advancing post-quantum cryptographic standards in preparation for what many expect to be a multi-year infrastructure upgrade cycle across public and private networks.
Global cybersecurity spending is projected to exceed $300 billion annually by 2029, which we believe reflects the growing scale and urgency of digital risk management. We believe that the transition to quantum-resilient encryption may represent one of the most consequential structural shifts within that broader cybersecurity landscape, as encryption underpins virtually all modern digital infrastructure.
Post-quantum security is moving from research into infrastructure planning. Cryptographic migrations require extended integration timelines involving hardware implementation, network redesign, compliance validation, and interoperability testing. Organizations responsible for protecting sensitive data and critical systems are increasingly evaluating post-quantum frameworks well before full-scale quantum capability emerges.
Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions engineered for high-throughput, performance-sensitive environments. Enquantum’s architecture is designed to operate at terabit scale without degrading latency – a key requirement for financial institutions, telecommunications carriers, cloud providers, data centers, and government networks. In 2025, Enquantum was granted a patent covering FPGA-based encrypted communications utilizing quantum-resistant techniques, reinforcing its intellectual property position and technical differentiation.
“This transaction advances our strategy to acquire majority control of a company in an increasingly important sector as the industry transitions to post-quantum standards,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “We structured a milestone-driven acquisition pathway designed to culminate in majority control ownership, and today we executed Phase I. We believe, post-quantum encryption is not optional over the long term – it is a structural shift in how critical systems will be secured. We intend to build Enquantum into a scaled operating business under our control.”
Moshe Fishman, Senior Vice President of Strategic Ventures, added, “Infrastructure-level encryption changes take years to deploy. Organizations cannot afford to wait until quantum systems are fully mature before preparing. Enquantum’s hardware-based approach is designed for environments where security upgrades must be implemented without sacrificing throughput or operational performance. Our staged acquisition framework aligns capital deployment with measurable execution milestones as we advance toward majority ownership. Our decision to acquire Enquantum reflects our strategy to secure ownership in foundational cybersecurity infrastructure while actively supporting commercialization. Beyond capital, Reliance brings operational scaling experience, strategic partnerships, and market-access capabilities that we believe can accelerate Enquantum’s path into the North American market, including government and advanced enterprise environments with our business partners, as demand for quantum-resilient encryption grows.”
Roman Vercetti, CEO of Enquantum Ltd. commented, “Enquantum is very excited to partner with Reliance Global Group to deliver market-leading Post Quantum innovative solutions for the future of networking and security. Reliance’s EZRA International Group shares our vision towards a safer, faster and smarter connected world.”
Under the terms of the definitive agreement, Reliance acquired an initial equity position in Enquantum through the conversion of a previously issued secured bridge note and an additional cash investment as the first milestone payment. The agreement provides for structured, milestone-based tranche investments designed to increase Reliance’s ownership position over time to a 51% fully diluted controlling interest, subject to the achievement of specified operational and commercialization milestones and satisfaction of customary conditions. Reliance expects to obtain majority governance rights upon the achievement and funding of specified milestones.
The Enquantum transaction represents the first executed platform investment under the Company’s Scale51 operating model as part of the Company’s EZRA International Group strategy. Scale51 is designed to identify high-impact technology sectors, structure disciplined pathways to majority control, and provide active operational support to scale businesses with long-term value potential.
The transition toward quantum-resilient security is expected to affect regulated financial systems, cloud and AI infrastructure, telecommunications networks, defense environments, and other critical systems that rely on modern cryptographic protection. Through its planned majority ownership strategy, the Company intends to position Enquantum to participate in this migration as adoption expands globally.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “seek,” “potential,” “target,” or similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s expected pathway to increase its ownership in Enquantum Ltd. to a 51% fully diluted controlling interest pursuant to the definitive agreement; the timing, funding and completion of future milestone-based tranche investments; the Company’s anticipated ability to obtain majority governance rights upon achievement of specified milestones; the development, performance, scalability and commercialization of Enquantum’s post-quantum cryptographic technology; the anticipated demand for, and timing of, migration to quantum-resilient encryption standards; the size, growth and evolution of the post-quantum cybersecurity market; the Company’s ability to integrate Enquantum within EZRA International Group and execute its Scale51 operating model; the expected strategic, operational and financial benefits of the transaction; and the Company’s broader capital allocation strategy and growth objectives.
These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that future milestone conditions are not achieved or are delayed; the risk that the Company is unable to fund future tranche investments on anticipated terms or timelines; the risk that the Company does not ultimately obtain majority ownership or governance control; risks related to the development, validation, performance, regulatory acceptance, commercialization or market adoption of Enquantum’s technology; the risk that post-quantum standards adoption or infrastructure migration occurs more slowly or differently than anticipated; integration, execution and scaling challenges associated with supporting an early-stage technology company; the risk that anticipated synergies or strategic benefits are not realized on expected timelines or at all; intellectual property, cybersecurity, regulatory and data protection risks; the Company’s ability to access capital on acceptable terms or at all; and general economic, market, interest rate and geopolitical conditions.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
Reliance Anticipated to Become a Majority Owner in a Quantum-Resilient Cybersecurity Company as Adoption is Expected to Accelerate
LAKEWOOD, N.J., Feb. 09, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” our,” the “Company” or “Reliance”) today announced that it has signed a definitive agreement to acquire over time a controlling interest in Enquantum Ltd., a post-quantum cryptography technology company addressing a rapidly developing shift in global cybersecurity standards. The agreement follows Reliance’s previously announced term sheet and although ongoing, we believe our due diligence review of Enquantum is largely complete and has reinforced our belief in this acquisition. We expect the transaction to close within 30 days. This definitive agreement follows the Company’s recent announcement of the launch of its Scale51 operating and acquisition strategy, and is subject to customary closing conditions.
The continued advancement of quantum computing is intensifying scrutiny of existing cryptographic standards, as quantum-enabled attacks may compromise widely deployed encryption methods that underpin modern digital infrastructure. The Company believes the transition to post-quantum security is shifting from theoretical planning to near-term deployment decisions, driving increased urgency across governments, enterprises, and infrastructure operators responsible for protecting sensitive data, communications, and mission-critical systems. We believe these decisions are increasingly relevant across financial services, cloud and AI infrastructure, global communications networks, and public-sector systems, including insurtech platforms, where encryption underpins day-to-day operations. This accelerating demand underscores the strategic timing of Scale51’s focus on control-oriented acquisitions in high-impact technology markets.
Under the agreement, in exchange for certain milestone payments, Reliance will acquire a 51% controlling ownership position in Enquantum through its wholly-owned subsidiary, EZRA International Group, its strategic division for building and scaling high-impact technology companies. Reliance’s aggregate purchase price to acquire the 51% fully diluted target ownership is $2,125,000, payable in tranches tied to specified monthly operational and commercialization milestones over an anticipated 10-month period. The agreement reflects a purchase price of $9.8018 per share and a pre-money valuation of $2,041,667 for Enquantum. At the initial closing, Reliance expects to obtain an initial 8% fully diluted ownership position, including (i) conversion of a previously issued $166,000 secured bridge note into Enquantum ordinary shares representing 4% of Enquantum on a fully diluted basis and (ii) a cash-funded issuance representing an additional 4% fully diluted ownership. Thereafter, subject to Reliance’s satisfaction of the applicable milestone criteria and other closing conditions, Enquantum expects to issue additional ordinary shares to Reliance in connection with monthly tranches generally designed to increase Reliance’s fully diluted ownership by 4% per month through 48%. The agreement also provides for a final “control top-up” designed to increase Reliance’s ownership from 48% to 51% fully diluted, which is expected to be satisfied through issuance of Reliance common stock to Enquantum. Reliance will have the right to appoint a majority of the board of the directors of Enquantum upon the achievement and funding of certain milestones, subject to the terms of the definitive agreement and Enquantum’s governing documents.
The transaction directly aligns with the Company’s Scale51 operating model, which emphasizes majority ownership paired with hands-on support across execution, governance alignment, and U.S. market expansion. Upon closing, we anticipate Enquantum will become the first operating platform within EZRA International Group’s technology portfolio. Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions designed to address the performance, latency, and throughput constraints that can limit software-only approaches. Its architecture is built to support high-throughput and terabit-scale network environments, enabling organizations to transition toward post-quantum security while preserving operational performance. In 2025, Enquantum was granted a patent covering FPGA-based encrypted communications utilizing quantum-resistant techniques, strengthening its intellectual property position and technical differentiation.
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, stated, “We believe Enquantum’s technology is designed to address a real and growing requirement for post-quantum security in performance-sensitive environments. With this definitive agreement and our ability to acquire a 51% majority controlling interest, we believe we are positioned to shift our focus from assessment to execution. With the recent launch of Scale51, this transaction will represent a tangible first step in executing our strategy and demonstrates how we intend to translate that framework into action.”
Moshe Fishman, Senior Vice President, Strategic Ventures, added, “Post-quantum cryptography is no longer a purely academic concern. Enquantum’s hardware-accelerated approach is designed to integrate into existing network architectures while maintaining the performance standards required by enterprise, infrastructure, and public-sector operators. We believe this execution-focused design is well aligned with how adoption is beginning to take shape. Upon closing and achievement of predefined milestones, Reliance expects to hold a controlling equity position, further reinforcing EZRA’s Scale51 platform as an active, execution-oriented growth platform rather than a passive investment approach.”
Reliance views post-quantum cybersecurity as an opportunity across infrastructure-intensive markets, including large-scale data centers, regulated financial systems, global communications networks, and public-sector environments where performance, resilience, and compliance are critical. Through the Scale51 framework, the Company intends to provide hands-on operational support and disciplined capital allocation as Enquantum advances product development, commercialization, and market expansion. Upon closing, Reliance expects to provide strategic and operational influence over product development, commercialization, and market expansion initiatives as Enquantum advances execution through the EZRA International Group platform.
The transaction remains subject to customary closing conditions, including ongoing due diligence. Reliance will provide additional updates as appropriate and in accordance with applicable disclosure requirements.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
No Offer or Solicitation. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words or expressions such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “seek,” “potential,” “target,” or similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s ability to acquire, over time, a controlling equity and governance interest in Enquantum Ltd. pursuant to the definitive share purchase agreement; the timing, structure, funding and completion of milestone-based tranches and the final control top-up; the Company’s ability to satisfy or waive applicable closing conditions; anticipated board composition and governance rights following the achievement and funding of specified milestones; the development, performance, scalability, commercialization and market adoption of Enquantum’s post-quantum cryptographic technology; the size, growth, timing and evolution of the post-quantum cybersecurity market; the Company’s ability to fund and execute its Scale51 acquisition strategy and integrate Enquantum within EZRA International Group; the anticipated strategic, operational and financial benefits of the transaction; and the Company’s broader business strategy, capital allocation priorities and growth outlook.
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that the transaction with Enquantum is delayed, modified, restructured or not consummated on anticipated terms or at all; the failure to satisfy applicable closing conditions or milestone criteria; the risk that ongoing or remaining due diligence identifies matters that result in changes to transaction terms, delays in closing or the failure to consummate the transaction; the Company’s ability to fund future tranche payments on anticipated timelines or at all; the risk that the Company does not achieve a controlling equity or board position; risks related to Enquantum’s technology development, performance, commercialization or market adoption; integration, execution and management challenges associated with acquiring integrating and scaling an early-stage technology company, including the risk that anticipated synergies or operational benefits are not realized on expected timelines or at all; cybersecurity, regulatory and data-protection risks; the Company’s ability to access capital on acceptable terms or at all; and general business, economic, market, interest rate and geopolitical conditions.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
Company Outlines Next Phase of Growth Focused on Control Acquisitions Designed to Scale Breakthrough Technology Platforms
LAKEWOOD, NJ, Feb. 04, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced a strategic advancement designed to position the Company for its next phase of growth, expanding on its InsurTech foundation through the launch of Scale51, an operating and acquisition model within its newly established subsidiary, EZRA International Group.
The Company believes that Scale51 represents an expansion beyond the Company’s InsurTech foundation and is intended to acquire controlling stakes (51%) in technology companies and to support their scaling through U.S. market execution. Under this expanded strategy, the Company intends to continue operating and optimizing its InsurTech platforms and insurance brokerage businesses as an operational and cash flow foundation that the Company believes can support its expanded strategy. Through Scale51, the Company plans to acquire majority ownership positions in high-potential, technology-driven businesses and actively support their growth across sectors including Artificial Intelligence and Data Analytics; Cybersecurity, FinTech and InsurTech; as well as MedTech and Digital Health.
Scale51 is a growth platform focused on hands-on operational execution and milestone-driven value creation. The Company believes this model enables alignment across governance, execution, and capital allocation, while leveraging its public company infrastructure and operating expertise to support portfolio companies at critical stages of development. For shareholders, Scale51 is designed to create long-term value by taking control positions in high-potential technology companies and actively driving their execution and scaling within the U.S. market.
The Company’s recently announced potential transactions with Enquantum Ltd., a cybersecurity company developing post-quantum encryption and next-generation data protection technologies and Scentech Medical, an Israeli AI-driven diagnostics company focused on early disease detection using non-invasive, breath-based disease detection technology. which are currently expected to be among the first anticipated transactions under the Scale51 business model. Each such transaction remains subject to completion of traditional closing conditions, completion of legal and business diligence and execution of definitive documentation, and there can be no assurance that any such transaction will be consummated on currently contemplated terms or at all. The Company expects such transactions, if completed, to be structured around defined operational milestones and to serve as initial examples of how Scale51 may be deployed to build a portfolio of scalable, intellectual property-backed technology platforms.
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, commented, “Scale51 reflects how we intend to build EZRA into a platform that can take strong technology companies and help them become scalable, durable businesses. Our insurance operations give us stability. We believe EZRA gives us long-term growth. This strategy is to connect the two to drive what we believe will be long-term, scalable shareholder value. We believe the potential Enquantum and Scentech transactions represent the first step in this chapter, if consummated, and together with our ticker change to EZRA, better aligns with our corporate identity, capital allocation priorities, and long-term vision with emerging opportunities while preserving the benefits of our existing operating base.
Moshe Fishman, Senior Vice President, Strategic Ventures adds, “Innovation is everywhere. The real challenge is turning it into a scalable business. Through Scale51, we aim to focus on helping great technologies reach global markets and long-term commercial success. We draw inspiration from global technology ecosystems where leading technology companies have, from time to time, acquired innovative Israeli companies-recognizing that innovation alone is not enough without the ability to scale. In the same spirit, EZRA’s Scale51 will operate with a disciplined and strategic approach to identifying breakthrough technologies and accelerating their expansion into the U.S. market, reflecting the reality that today’s global race is not only about innovation, but about who can most effectively scale it into meaningful commercial and market leadership.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to
complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership. Further information about the Company can be found at https://www.relianceglobalgroup.com.
No Offer or Solicitation. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words or expressions such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “seek,” “potential,” “target,” or similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s strategic evolution and the establishment and objectives of EZRA International Group and the Scale51 execution framework; the Company’s intention to pursue control acquisitions of technology-enabled businesses and to scale such businesses through operational, financial and strategic support; the Company’s ability to identify, evaluate, structure, finance and consummate acquisitions; the potential transactions with Enquantum Ltd. and Scentech Medical, including their anticipated structure, timing, milestone-based approach and potential benefits; the achievement of operational, technological, clinical, regulatory or financial milestones; the scalability, commercial viability and long-term value potential of targeted or acquired technologies; and the Company’s broader business strategy, capital allocation priorities and growth outlook.
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that the Scale51 framework is not implemented as currently contemplated or does not achieve its intended objectives; the risk that the potential transactions with Enquantum, Scentech or other third parties are delayed, modified, restructured or not consummated on anticipated terms or at all; the Company’s ability to complete due diligence, negotiate and enter into definitive agreements, obtain required approvals and satisfy applicable closing conditions; the risk that anticipated operational, technological, clinical, regulatory or commercial milestones are not achieved on expected timelines or at all; the risk that acquired or targeted businesses do not perform as expected or fail to generate anticipated strategic or financial benefits; integration, execution and management challenges associated with acquisitions; risks inherent in investing in early-stage, emerging or development-stage technology companies; regulatory, clinical, approval, reimbursement, data privacy, cybersecurity or commercialization risks applicable to medical, artificial intelligence or data-driven technologies; the Company’s ability to access capital on acceptable terms or at all; competitive pressures; and general business, economic, market, interest rate and geopolitical conditions.
Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding factors that may cause actual results to differ materially is included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.
Growth reflects expanded agency partner network and increasing scale across RELI Exchange platform
LAKEWOOD, NJ, Feb. 02, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced continued operating momentum within its RELI Exchange, LLC subsidiary, highlighted by a significant year-over-year increase in Personal Lines Property and Casualty (“P&C”) written premium.
This Personal Lines P&C growth builds on the strong operating momentum the Company previously reported within RELI Exchange, underscoring the platform’s ability to scale distribution and drive increased production across multiple insurance lines.
Based on internal, unaudited carrier-level production information, Personal Lines P&C written premium generated through RELI Exchange increased from approximately $11.47 million in 2024 to approximately $15.6 million in 2025, representing a 36% year-over-year increase. This Personal Lines production represents a substantial majority of RELI Exchange’s total Personal Lines premium during the periods presented, and the Company believes it provides a meaningful indicator of year-over-year production trends based on internal, unaudited carrier-level production information.
The increase in Personal Lines written premium reflects the continued expansion and effectiveness of RELI Exchange’s agency partner network. Since acquiring RELI Exchange in 2022, Reliance has grown the platform’s network from approximately 65 agency partners to approximately 300 agency partners, with growth driven organically through expanded distribution rather than acquisitions, thereby expanding reach and supporting increased premium volumes across Personal Lines P&C products.
RELI Exchange provides independent insurance agencies with a technology-enabled distribution platform designed to improve efficiency, expand market reach, and support scalable growth. The Company believes the continued expansion of its agency partner network is directly contributing to increased production, deeper carrier relationships, and growing premium volumes within RELI Exchange.
“RELI Exchange continues to demonstrate its ability to scale distribution and convert that scale into meaningful premium growth,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “The 36% year-over-year increase in Personal Lines Property and Casualty written premium reflects the strength of our expanding agency partner network and organic growth within the RELI Exchange platform, driven by increased participation from independent agencies rather than acquisitions. As we continue to grow and support our partners, we believe RELI Exchange is well positioned to drive further production and long-term value.”
The Company’s broader insurance operations provide a stable foundation of revenue and cash flow, which also supports Reliance’s strategic initiatives through EZRA International Group (“EZRA”), its new platform focused on pursuing controlling investments in high-growth, technology-driven businesses. Reliance believes the continued scalability of RELI Exchange, supported by this stable foundation, positions the Company to pursue potentially transformative opportunities through EZRA.
Key Operating Metric Disclosure. The “written premium” figures presented in this press release are derived from internal, unaudited carrier-level production reports and reflect gross written premium submitted through the RELI Exchange platform for the periods indicated. Written premium is an operating metric and is not a measure of revenue or income determined in accordance with U.S. generally accepted accounting principles (“GAAP”). Written premium is not an accounting measure, is not recorded on the Company’s financial statements, and is not a measure of revenue, income, or cash flows determined in accordance with GAAP. The Company does not recognize written premium as revenue and does not derive economic benefit from the full amount of written premium.
These figures are unaudited, may be adjusted based on policy cancellations, endorsements, and carrier reporting practices, and may not be comparable to similarly titled measures used by other companies.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, the Company’s expectations regarding continued growth in written premium on the RELI Exchange platform; the Company’s ability to expand and retain its agency partner network and carrier relationships; the scalability of RELI Exchange and 5minuteinsure.com; the role of EZRA International Group in identifying, structuring and pursuing acquisition and investment opportunities; and the Company’s broader business, strategic and financial outlook.
These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties, including, among others, that the Company will be able to successfully execute its strategic initiatives and acquisition strategy through EZRA International Group; that the expanded leadership role of senior management will contribute to the effective sourcing, structuring and integration of strategic opportunities; that investments in RELI Exchange, 5minuteinsure.com and other initiatives will generate anticipated returns; that market, economic, interest rate and regulatory conditions will remain sufficiently favorable; and that the Company will be able to continue to access capital on acceptable terms and execute its broader business and capital markets strategy. There can be no assurance that these assumptions will prove accurate.
Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including, without limitation: the Company’s ability to successfully identify, evaluate, consummate and integrate acquisitions or strategic investments through EZRA International Group; the risk that anticipated benefits of management changes or strategic initiatives may not be realized; the Company’s ability to grow RELI Exchange and 5minuteinsure.com, attract and retain agents and customers, and achieve expected levels of adoption and profitability; the Company’s ability to effectively deploy capital into business development or other strategic initiatives; the Company’s ability to maintain adequate liquidity and access to capital (including any issuance under its at-the-market equity offering program, if utilized); competitive pressures, including within InsurTech and insurance agency/brokerage; and general business, economic, market, interest rate and geopolitical conditions; as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, the Company’s Quarterly Reports on Form 10-Q, and in other filings with the Securities and Exchange Commission.
Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Policy growth reflects strong execution and expanding distribution across RELI Exchange platform
Broker network expanded from approximately 65 to approximately 300 since acquisition in 2022
LAKEWOOD, NJ, Feb. 02, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced strong operating momentum across its insurance operations, highlighted by a significant year-over-year increase in health insurance policies written through its RELI Exchange, LLC subsidiary during the 2025 open enrollment period.
During the 2025 open enrollment period, health insurance policies written through RELI Exchange’s Altruis Health office increased to approximately 3,873 policies, compared to approximately 2,258 policies during the 2024 open enrollment period, representing an increase of approximately 72% year over year. The Company believes this growth reflects improved execution, deeper carrier relationships, and the continued scaling of its insurance distribution platform.
The increase in policy production further demonstrates the scalability of RELI Exchange as the business continues to expand its distribution footprint. Since acquiring RELI Exchange in 2022, Reliance has grown its broker network from approximately 65 agency partners to approximately 300 agency partners, with growth driven organically, significantly increasing reach while supporting higher volumes of policy production across its platform.
The strength and cash-generating nature of RELI Exchange also supports the Company’s broader strategic initiatives through EZRA International Group (“EZRA”), which was established to pursue controlling investments in high-growth, technology-driven businesses. Since launching EZRA, the Company has announced its first planned acquisition of a controlling interest in a company developing non-invasive, breath-based diagnostic technologies, as well as a subsequent term sheet to acquire a controlling interest in a post-quantum cybersecurity technology company. These initiatives reflect a disciplined approach to building a portfolio of transformative technology assets supported by the Company’s insurance operations.
“Insurance is the foundation of this Company, and the results we are seeing at RELI Exchange demonstrate the scalability of our platform,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “A 72% increase in health insurance policies written during the most recent open enrollment period reflects our ability to expand distribution, deepen carrier relationships, and execute effectively, driven by organic growth at RELI Exchange. This operating momentum strengthens the foundation of our insurance business and supports our continued efforts to build EZRA as a long-term growth engine.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s strategic initiatives, including the role of EZRA International Group in identifying, structuring and pursuing acquisition and investment opportunities; the anticipated benefits of the expanded responsibilities of senior management, including the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures; the Company’s ability to execute its acquisition and investment strategy through EZRA International Group; the growth prospects and scalability of RELI Exchange and 5minuteinsure.com; and the Company’s broader business, strategic and financial outlook.
These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties, including, among others, that the Company will be able to successfully execute its strategic initiatives and acquisition strategy through EZRA International Group; that the expanded leadership role of senior management will contribute to the effective sourcing, structuring and integration of strategic opportunities; that investments in RELI Exchange, 5minuteinsure.com and other initiatives will generate anticipated returns; that market, economic, interest rate and regulatory conditions will remain sufficiently favorable; and that the Company will be able to continue to access capital on acceptable terms and execute its broader business and capital markets strategy. There can be no assurance that these assumptions will prove accurate.
Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including, without limitation: the Company’s ability to successfully identify, evaluate, consummate and integrate acquisitions or strategic investments through EZRA International Group; the risk that anticipated benefits of management changes or strategic initiatives may not be realized; the Company’s ability to grow RELI Exchange and 5minuteinsure.com, attract and retain agents and customers, and achieve expected levels of adoption and profitability; the Company’s ability to effectively deploy capital into business development or other strategic initiatives; the Company’s ability to maintain adequate liquidity and access to capital (including any issuance under its at-the-market equity offering program, if utilized); competitive pressures, including within InsurTech and insurance agency/brokerage; and general business, economic, market, interest rate and geopolitical conditions; as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, the Company’s Quarterly Reports on Form 10-Q, and in other filings with the Securities and Exchange Commission.
Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Policy growth reflects strong execution and expanding distribution across RELI Exchange platform
Broker network expanded from approximately 65 to approximately 300 since acquisition in 2022
LAKEWOOD, NJ, Jan. 30, 2026 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced strong operating momentum across its insurance operations, highlighted by a significant year-over-year increase in health insurance policies written through its RELI Exchange, LLC subsidiary during the 2025 open enrollment period.
During the 2025 open enrollment period, health insurance policies written through RELI Exchange’s Altruis Health office increased to approximately 3,873 policies, compared to approximately 2,258 policies during the 2024 open enrollment period, representing an increase of approximately 72% year over year. The Company believes this growth reflects improved execution, deeper carrier relationships, and the continued scaling of its insurance distribution platform.
The increase in policy production further demonstrates the scalability of RELI Exchange as the business continues to expand its distribution footprint. Since acquiring RELI Exchange in 2022, Reliance has grown its broker network from approximately 65 agency partners to approximately 300 agency partners, with growth driven organically, significantly increasing reach while supporting higher volumes of policy production across its platform.
The strength and cash-generating nature of RELI Exchange also supports the Company’s broader strategic initiatives through EZRA International Group (“EZRA”), which was established to pursue controlling investments in high-growth, technology-driven businesses. Since launching EZRA, the Company has announced its first planned acquisition of a controlling interest in a company developing non-invasive, breath-based diagnostic technologies, as well as a subsequent term sheet to acquire a controlling interest in a post-quantum cybersecurity technology company. These initiatives reflect a disciplined approach to building a portfolio of transformative technology assets supported by the Company’s insurance operations.
“Insurance is the foundation of this Company, and the results we are seeing at RELI Exchange demonstrate the scalability of our platform,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “A 72% increase in health insurance policies written during the most recent open enrollment period reflects our ability to expand distribution, deepen carrier relationships, and execute effectively, driven by organic growth at RELI Exchange. This operating momentum strengthens the foundation of our insurance business and supports our continued efforts to build EZRA as a long-term growth engine.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.
In addition to its insurance and insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s strategic initiatives, including the role of EZRA International Group in identifying, structuring and pursuing acquisition and investment opportunities; the anticipated benefits of the expanded responsibilities of senior management, including the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures; the Company’s ability to execute its acquisition and investment strategy through EZRA International Group; the growth prospects and scalability of RELI Exchange and 5minuteinsure.com; and the Company’s broader business, strategic and financial outlook.
These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties, including, among others, that the Company will be able to successfully execute its strategic initiatives and acquisition strategy through EZRA International Group; that the expanded leadership role of senior management will contribute to the effective sourcing, structuring and integration of strategic opportunities; that investments in RELI Exchange, 5minuteinsure.com and other initiatives will generate anticipated returns; that market, economic, interest rate and regulatory conditions will remain sufficiently favorable; and that the Company will be able to continue to access capital on acceptable terms and execute its broader business and capital markets strategy. There can be no assurance that these assumptions will prove accurate.
Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including, without limitation: the Company’s ability to successfully identify, evaluate, consummate and integrate acquisitions or strategic investments through EZRA International Group; the risk that anticipated benefits of management changes or strategic initiatives may not be realized; the Company’s ability to grow RELI Exchange and 5minuteinsure.com, attract and retain agents and customers, and achieve expected levels of adoption and profitability; the Company’s ability to effectively deploy capital into business development or other strategic initiatives; the Company’s ability to maintain adequate liquidity and access to capital (including any issuance under its at-the-market equity offering program, if utilized); competitive pressures, including within InsurTech and insurance agency/brokerage; and general business, economic, market, interest rate and geopolitical conditions; as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, the Company’s Quarterly Reports on Form 10-Q, and in other filings with the Securities and Exchange Commission.
Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
