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Reliance Global Group, Inc. focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
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| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -10.03M | 6.47M | -21.10M | -3.70M | -3.50M |
| Net income | -12.01M | 34.63M | -38.75M | -3.19M | -3.50M |
| Selling general administrative | 4.09M | 6.72M | 3.59M | 4.21M | 3.64M |
| Selling and marketing expenses | 0.36M | 2.58M | 0.33M | 0.17M | 0.17M |
| Gross profit | 7.39M | 4.78M | 2.61M | 2.06M | 1.43M |
| Reconciled depreciation | 2.86M | 2.80M | 1.61M | 1.33M | 0.73M |
| Ebit | 0.94M | -7.33M | 14.74M | -3.64M | -3.10M |
| Ebitda | 3.54M | -19.22M | 16.35M | -2.83M | -2.38M |
| Depreciation and amortization | 2.61M | -11.89M | 1.61M | 0.82M | 0.73M |
| Non operating income net other | - | - | - | -0.05M | - |
| Operating income | 0.94M | -7.33M | 14.74M | -3.64M | -3.10M |
| Other operating expenses | 12.80M | 24.08M | 12.62M | 10.92M | 7.55M |
| Interest expense | 1.66M | 28.17M | 18.19M | 0.00M | 0.00M |
| Net interest income | -1.66M | -0.92M | - | - | - |
| Income tax expense | 1.98M | -28.17M | 17.65M | -0.51M | 0.39M |
| Total revenue | 13.73M | 16.76M | 9.71M | 7.28M | 4.45M |
| Total operating expenses | 6.45M | 12.10M | 5.52M | 5.70M | 4.53M |
| Cost of revenue | 6.34M | 11.98M | 7.10M | 5.22M | 3.02M |
| Total other income expense net | -10.96M | 13.79M | -35.84M | -0.05M | -0.39M |
| Net income from continuing ops | -21.03M | 6.47M | -21.10M | -3.70M | -3.50M |
| Net income applicable to common shares | - | - | -21.10M | -3.70M | -3.50M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 23.02M | 38.43M | 27.68M | 17.92M | 16.99M |
| Intangible assets | 11.04M | 13.76M | 7.08M | 5.69M | 6.63M |
| Other current assets | -4.05M | 0.25M | 2.33M | 0.04M | 0.03M |
| Total liab | 15.87M | 29.52M | 53.74M | 17.81M | 16.35M |
| Total stockholder equity | 7.15M | 8.91M | -26.07M | 0.11M | 0.64M |
| Other current liab | 0.22M | 4.94M | 40.95M | 0.23M | 0.06M |
| Common stock | 0.41M | 0.10M | 0.94M | 0.36M | 0.35M |
| Capital stock | 0.41M | 0.10M | 0.94M | 0.40M | 0.39M |
| Retained earnings | -39.00M | -26.99M | -33.46M | -12.48M | -8.78M |
| Other liab | - | - | 0.52M | 2.63M | 2.85M |
| Good will | 6.69M | 19.11M | 10.05M | 9.27M | 8.55M |
| Other assets | - | 0.00M | 0.02M | 1.79M | 0.00M |
| Cash | 2.74M | 0.51M | 4.14M | 0.05M | 0.01M |
| Total current liabilities | 3.19M | 7.79M | 44.98M | 6.88M | 4.67M |
| Current deferred revenue | 0.10M | - | 2.29M | - | - |
| Net debt | 11.91M | 15.86M | 5.30M | 13.92M | 13.33M |
| Short term debt | 2.24M | 1.64M | 1.19M | 5.68M | 4.51M |
| Short long term debt | 1.85M | 1.12M | 0.91M | 5.50M | 4.34M |
| Short long term debt total | 14.65M | 16.37M | 9.43M | 13.97M | 13.34M |
| Other stockholder equity | 45.74M | 35.80M | 6.45M | 12.20M | 9.04M |
| Property plant equipment | - | - | 1.20M | 0.81M | 1.16M |
| Total current assets | 4.38M | 3.27M | 7.98M | 0.81M | 0.65M |
| Long term investments | 0.00M | 0.90M | 1.35M | 1.35M | - |
| Net tangible assets | - | - | -43.20M | -14.87M | -14.57M |
| Short term investments | - | - | - | 1.35M | - |
| Net receivables | 1.31M | 1.11M | 1.03M | 0.24M | 0.12M |
| Long term debt | 11.92M | 14.02M | 7.44M | 8.03M | 8.42M |
| Inventory | 0.00M | 1.40M | 0.48M | 0.48M | 0.48M |
| Accounts payable | 0.64M | 1.22M | 0.55M | 0.98M | 0.10M |
| Accumulated other comprehensive income | - | - | - | - | -0.10M |
| Common stock total equity | - | - | - | 0.36M | 0.35M |
| Preferred stock total equity | - | - | - | 0.03M | - |
| Retained earnings total equity | - | - | - | -12.48M | - |
| Non currrent assets other | 0.02M | 0.02M | 0.02M | 0.00M | 0.00M |
| Non current assets total | 18.64M | 35.16M | 19.69M | 17.11M | 16.35M |
| Capital lease obligations | 0.77M | 1.23M | 1.08M | 0.44M | 0.58M |
| Long term debt total | - | - | - | 7.89M | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | 1.06M | -24.64M | -2.30M | -1.35M | -1.35M |
| Change to liabilities | - | - | -0.53M | 0.99M | 0.05M |
| Total cashflows from investing activities | - | - | -2.30M | -1.95M | -11.88M |
| Net borrowings | - | - | -1.40M | 1.25M | 10.29M |
| Total cash from financing activities | 0.97M | 25.12M | 8.64M | 2.45M | 12.64M |
| Change to operating activities | - | - | -0.13M | 0.05M | -0.03M |
| Net income | -10.03M | 6.47M | -21.10M | -3.70M | -3.50M |
| Change in cash | 0.83M | -2.71M | 4.09M | 0.04M | 0.39M |
| Begin period cash flow | 1.91M | 4.62M | 0.53M | 0.49M | 0.10M |
| End period cash flow | 2.74M | 1.91M | 4.62M | 0.53M | 0.49M |
| Total cash from operating activities | -0.85M | -3.19M | -2.25M | -0.47M | -0.37M |
| Issuance of capital stock | 3.46M | 17.87M | 10.50M | 1.20M | 2.57M |
| Depreciation | 2.61M | 2.80M | 1.61M | 1.33M | 0.73M |
| Other cashflows from investing activities | - | - | - | -0.60M | - |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | - | - | - | - | -0.04M |
| Change to account receivables | -0.28M | 0.04M | -0.17M | -0.13M | -0.11M |
| Sale purchase of stock | - | - | - | 1.20M | - |
| Other cashflows from financing activities | -0.42M | 8.58M | 10.04M | 2.12M | 10.29M |
| Change to netincome | - | - | 18.05M | 0.96M | 2.47M |
| Capital expenditures | 0.19M | 0.95M | 0.69M | 0.07M | 0.56M |
| Change receivables | - | - | - | -0.12M | - |
| Cash flows other operating | - | - | - | -0.01M | - |
| Cash and cash equivalents changes | - | - | - | 0.70M | - |
| Change in working capital | -0.32M | 0.90M | -0.83M | 0.92M | -0.09M |
| Stock based compensation | 0.88M | 1.25M | 0.75M | 1.47M | 1.05M |
| Other non cash items | 5.66M | -14.61M | -0.33M | 0.02M | 0.84M |
| Free cash flow | -1.04M | -4.14M | -2.94M | -0.47M | -0.94M |
Sector: Financial Services Industry: Insurance Brokers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MRSH Marsh & McLennan Companies, Inc. |
-4.61 2.20% |
204.82 | 22.03 | 15.87 | 3.07 | 5.67 | 3.82 | 14.80 |
| AON Aon PLC |
-9.59 2.78% |
334.81 | 19.50 | 17.61 | 4.19 | 7.68 | 4.95 | 13.01 |
| AJG Arthur J Gallagher & Co |
-6.50 2.26% |
281.61 | 41.13 | 17.09 | 4.21 | 2.74 | 4.93 | 19.58 |
| WTW Willis Towers Watson PLC |
-7.65 2.27% |
328.86 | 19.92 | 14.56 | 2.96 | 3.91 | 3.52 | 13.08 |
Reliance Global Group, Inc. focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
300 Boulevard of the Americas, Lakewood, NJ, United States, 08701
732 380 4600
67
| Name | Title | Year Born |
|---|---|---|
| Mr. Ezra Beyman | CEO & Exec. Chairman | 1955 |
| Mr. Joel Markovits CPA | Chief Accounting Officer & Financial Reporting Mang. | 1981 |
| Mr. Yaakov Beyman | Exec. VP of Insurance Division | 1983 |
| Mr. William Lebovics | Chief Financial Officer | NA |
| Mr. Grant Barra | Sr. VP of Operations | NA |
| Mr. Mark Sisson | Chief Financial Officer of US Benefits Alliance | NA |
| Miriam Spitz | Director of Treasury Services | NA |
| Mr. Ezra Beyman | CEO & Executive Chairman | 1955 |
| Mr. Joel Markovits C.P.A. | Chief Accounting Officer, CFO & Financial Reporting Manager | 1981 |
| Mr. Yaakov Beyman | Executive Vice President of Insurance Division | 1983 |
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