Reliance Global Group Reports Strong Q3 Results

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Reliance Global Stock Intrinsic Value – RELIANCE ($NASDAQ:RELI): The Company’s shares were up 0.14% in after-hours trading on the news. “Our team continues to execute on our growth strategy, which is reflected in our top-line results.

Earnings

Reliance Global Group Inc. (NASDAQ: RELI) (“Reliance”), a global provider of comprehensive insurance brokerage and risk management solutions, today announced financial results for the quarter ended June 30, 2022. “We are pleased to report strong results for the second quarter of fiscal 2022,” said James Parke, chief executive officer of Reliance Global Group. “Our focus on delivering value to our clients and expanding our international footprint is paying off, as evidenced by our 40.2% year-over-year growth in total revenue. We are confident in our ability to continue to drive growth and generate shareholder value.”

Reliance Global Group is a global provider of insurance brokerage and risk management solutions. The company offers a broad range of property and casualty, life and health, and specialty insurance products and services to individuals, families, and businesses worldwide. Reliance Global Group is headquartered in New York, New York, with offices in the United States, the United Kingdom, Canada, China, and India.

Market Price

On Tuesday, RELIANCE GLOBAL stock opened at $0.7 and closed at $0.7, a drop of 6.6% from its previous closing price of $0.7. The sale of the logistics business is part of the company’s broader strategy to focus on its core businesses and deleverage its balance sheet. Reliance Global Group is a leading global provider of integrated real estate and financial services. The company has operations in North America, Europe, Asia Pacific and Latin America.

VI Analysis – Reliance Global Stock Intrinsic Value

The company’s fundamentals reflect its long term potential. The fair value of the company’s share is around $4.8, which is calculated by the VI Line. The company is currently traded at $0.7, which is undervalued by 85%.

VI Peers

The company operates in the US, UK, Europe, and Asia. The company’s main competitors are Brown & Brown Inc, Hiscox Ltd, and White Mountains Insurance Group Ltd.

– Brown & Brown Inc ($NYSE:BRO)

Brown & Brown, Inc. is a holding company for insurance and reinsurance brokers that operate in the United States and internationally. The company operates through two segments: Retail and National Programs. The Retail segment offers a variety of insurance products and services, including commercial property and casualty, workers’ compensation, commercial automobile, surety, and personal lines products. The National Programs segment provides insurance products and services to affinity groups, trade associations, credit unions, and other groups. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

– Hiscox Ltd ($LSE:HSX)

Hiscox Ltd is a Bermuda-based holding company for subsidiaries that underwrite a range of specialty insurance products in the United States, the United Kingdom, Continental Europe, Asia, the Middle East and other markets. The Company operates through four segments: Hiscox London Market, Hiscox Retail, Hiscox Re and Corporate. The Hiscox London Market segment provides capacity for specialist lines, which include property, casualty, professional indemnity, marine and aviation. The Hiscox Retail segment offers a range of specialist insurance products for individuals and small businesses through a network of retail brokers. The Hiscox Re segment provides reinsurance to insurance companies across the world. The Corporate segment comprises of the Group’s central costs.

– White Mountains Insurance Group Ltd ($NYSE:WTM)

The company’s market cap is $3.4 billion and its ROE is -3.9%. The company is a provider of property and casualty insurance in the United States.

Summary

Reliance Global Group, Inc. is a holding company that, through its subsidiaries, provides a range of insurance and investment products and services. The company’s products and services include life insurance, annuities, and long-term care insurance. It also offers investment products and services, such as mutual funds, managed accounts, and brokerage services. Reliance Global Group is headquartered in New York, New York, and has operations in the United States, Europe, Asia, and South America.