Reliance Global Group, Inc. Q3 FY2025 earnings call

• Completed sale of Fortman Insurance Services for $5 million, realizing a $3 million gain and reducing long-term debt by ~50%.
• Unrestricted cash, working capital, and equity increased significantly due to prudent financial management.
• Launched new client service center on RELI Exchange platform for centralized policy administration, improving scalability and partner productivity.
• Declared first special cash dividend of $0.03 per share payable on December 2, 2025.
• Implemented digital asset treasury initiative (DAT) with diversified position in leading digital assets like Ethereum, Cardano, etc.

The company completed the $5 million sale of Fortman Insurance Services, a wholly-owned subsidiary, realizing a $3 million gain. Commission income totaled $2.5 million for the quarter, down from $3.4 million due to the Fortman sale. Salaries and wages were $3.9 million, general and administrative expenses $1.1 million. Unrestricted cash rose by ~590% to $2.6 million, working capital increased by $1.2 million (284%), and equity grew by $3.7 million (125%). The RELI Exchange platform saw the launch of a new client service center, enhancing scalability and partner productivity. Fortman contributed to a leaner operating model by eliminating related salary expenses.

• Considering future dividends as part of capital allocation strategy, evaluating ongoing dividend possibilities for future quarters.

Q: Was this a one-time dividend or something you would consider again in the future quarters?

A: Well, thank you for the compliment. And now, it is certainly something that we are thinking about for the future as well for dividends. And we believe in giving it back to the shareholders. So we are certainly giving it consideration.