Reliance Global Group, Inc. Q1 FY2026 earnings call

• Company focused on simplifying business, strengthening balance sheet, and creating long-term growth framework over past year, now in more active execution phase. - Business model has two complementary segments: insurance segment (insured tech platform with recurring revenue, carrier/agent relationships, scalable distribution via tech platforms) and strategic venture segment (anchored by Ezra International Group and Scale 51 model for investment strategy). - In insurance operations, continued streamlined and efficient business post-2025 portfolio realignment, ReliExchange推进2.0版本以提升可扩展性等，5minuteinsured.com支持直接面向消费者获取业务。 - In strategic venture segment, Ezra International Group identifies and evaluates opportunities in tech and life sciences, Scale 51 provides framework for structuring investments, deploying capital progressively. Have investment in Quantum with milestone-based ownership increase, and launched LifeSci Global Group with initial investment in Invernate focused on radiopharmaceuticals.

Insurance segment: Net income improved to $0.7 million for the first quarter of 2026, compared with $0.5 million for the same period in 2025. The improvement was driven by lower operating expenses, continued efficiencies from the company's one-firm initiative, and 11% year-over-year revenue growth from the company's retained businesses. Strategic ventures segment: Net loss of $0.4 million, primarily reflects costs associated with the launch and ongoing development of Ezra International Group and Scale 51 operating models, as well as equity investment loss related to the investment in quantum.

• Focus on continuing to execute the model in a disciplined and repetitive way, broadening opportunity set, advancing current investments, and increasing exposure to platforms showing meaningful progress. - No specific upward/downward revision mentioned, but emphasis on executing current strategy to create long-term value for shareholders.

• Forward-looking statements are subject to several risks, uncertainties, and assumptions as described in the company's Form 10-K. Actual results could differ materially and adversely from those anticipated or implied in forward-looking statements. - Risks include factors that may affect financial condition, results of operations, strategy, etc., as detailed in relevant filings.

Q: Congratulations on milestones, asked about Zcash and crypto.

A: Main strategy now focuses on bread and butter businesses in insurance and tech, did Zcash smartly, will look at further but currently focusing on other areas.

Q: Provide color on quantum model milestones and pace of deployment.

A: Milestones not publicly announced but equity for Ezra increases as company risks decrease; for additional acquisitions/investments, review many companies selectively to create value for shareholders.

Q: Discuss what's driving 11% organic revenue growth in insurance and how insurance platform contributes to broader strategy.

A: Bought ReliExchange, grown agents from 60-something to over 300, using AI to supercharge business, getting better commissions and service from carriers.

Q: Elaborate on strategic rationale behind launching LifeSci Global Group and evaluating opportunities like Invernate.

A: Look for companies with somewhat proven performance, good team (like Scott Corman and David Turner with successful exits), and that make sense to help the world, such as in curing rare child's diseases.