Reliance Global (RELI)
Market Price (1/24/2026): $0.4352 | Market Cap: $2.5 MilSector: Financials | Industry: Insurance Brokers
Reliance Global (RELI)
Market Price (1/24/2026): $0.4352Market Cap: $2.5 MilSector: FinancialsIndustry: Insurance Brokers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Weak multi-year price returns2Y Excs Rtn is -138%, 3Y Excs Rtn is -176% | Penny stockMkt Price is 0.4 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -66% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 187% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg QQuarterly Revenue Change % is -27% | |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 37% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -297% | |
| High stock price volatilityVol 12M is 138% | |
| Key risksRELI key risks include [1] severe financial distress with a high probability of bankruptcy, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -138%, 3Y Excs Rtn is -176% |
| Penny stockMkt Price is 0.4 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -66% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 187% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg QQuarterly Revenue Change % is -27% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 37% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -297% |
| High stock price volatilityVol 12M is 138% |
| Key risksRELI key risks include [1] severe financial distress with a high probability of bankruptcy, Show more. |
Why The Stock Moved
Qualitative Assessment
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1. Strategic Shift Towards Technology Acquisitions and Associated Risks.
Reliance Global Group announced a significant strategic pivot, including a change of its NASDAQ ticker symbol to "EZRA" effective January 26, 2026, to reflect its new focus on acquiring controlling stakes in breakthrough technology companies across sectors like cybersecurity, AI, FinTech, and MedTech. This strategic evolution, with an initial focus on acquiring a majority stake in AI diagnostics company Scentech, introduces inherent risks such as potential difficulties in consummating proposed acquisitions, unanticipated costs and integration challenges, and the need for additional financing. Such a substantial business model shift can lead to investor uncertainty and a re-evaluation of the company's long-term prospects.
2. Prevailing Bearish Market Sentiment and Negative Technical Indicators.
Throughout the period, Reliance Global (RELI) has been subject to a bearish market sentiment, with technical indicators and forecasts reflecting negative outlooks. As of January 21, 2026, the sentiment for RELI was "Bearish," and the Fear & Greed Index showed 39 (Fear). Further technical analysis on January 23, 2026, identified several negative signals and a falling trend, leading to a "Strong Sell" recommendation. The company's overall moving average trend also leaned bearish as of January 22, 2026.
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Stock Movement Drivers
Fundamental Drivers
The -53.5% change in RELI stock from 9/30/2025 to 1/23/2026 was primarily driven by a -45.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 1232026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.89 | 0.41 | -53.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 13 | -6.7% |
| P/S Multiple | 0.2 | 0.2 | -9.2% |
| Shares Outstanding (Mil) | 3 | 6 | -45.1% |
| Cumulative Contribution | -53.5% |
Market Drivers
9/30/2025 to 1/23/2026| Return | Correlation | |
|---|---|---|
| RELI | -53.5% | |
| Market (SPY) | 3.5% | 35.2% |
| Sector (XLF) | -1.5% | 31.0% |
Fundamental Drivers
The -77.1% change in RELI stock from 6/30/2025 to 1/23/2026 was primarily driven by a -55.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302025 | 1232026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.81 | 0.41 | -77.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 13 | -7.7% |
| P/S Multiple | 0.3 | 0.2 | -44.8% |
| Shares Outstanding (Mil) | 3 | 6 | -55.2% |
| Cumulative Contribution | -77.1% |
Market Drivers
6/30/2025 to 1/23/2026| Return | Correlation | |
|---|---|---|
| RELI | -77.1% | |
| Market (SPY) | 11.9% | 30.1% |
| Sector (XLF) | 1.7% | 21.2% |
Fundamental Drivers
The -83.4% change in RELI stock from 12/31/2024 to 1/23/2026 was primarily driven by a -78.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312024 | 1232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.50 | 0.41 | -83.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 13 | -6.8% |
| P/S Multiple | 0.2 | 0.2 | -17.3% |
| Shares Outstanding (Mil) | 1 | 6 | -78.5% |
| Cumulative Contribution | -83.4% |
Market Drivers
12/31/2024 to 1/23/2026| Return | Correlation | |
|---|---|---|
| RELI | -83.4% | |
| Market (SPY) | 18.6% | 9.5% |
| Sector (XLF) | 10.9% | 9.2% |
Fundamental Drivers
The -99.7% change in RELI stock from 12/31/2022 to 1/23/2026 was primarily driven by a -98.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312022 | 1232026 | Change |
|---|---|---|---|
| Stock Price ($) | 140.47 | 0.41 | -99.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 13 | 15.6% |
| P/S Multiple | 0.8 | 0.2 | -78.1% |
| Shares Outstanding (Mil) | 0 | 6 | -98.8% |
| Cumulative Contribution | -99.7% |
Market Drivers
12/31/2022 to 1/23/2026| Return | Correlation | |
|---|---|---|
| RELI | -99.7% | |
| Market (SPY) | 86.9% | 6.6% |
| Sector (XLF) | 62.3% | 8.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RELI Return | 1692% | -91% | -94% | -72% | -80% | 6% | -99% |
| Peers Return | -28% | -65% | 67% | 54% | -49% | 0% | -67% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| RELI Win Rate | 33% | 8% | 42% | 25% | 25% | 100% | |
| Peers Win Rate | 55% | 27% | 57% | 57% | 40% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| RELI Max Drawdown | 0% | -91% | -95% | -87% | -80% | -8% | |
| Peers Max Drawdown | -48% | -74% | -11% | -32% | -54% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GSHD, RYAN, SLQT, EHTH, GOCO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/23/2026 (YTD)
How Low Can It Go
| Event | RELI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.7% | -25.4% |
| % Gain to Breakeven | 30918.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -73.5% | -33.9% |
| % Gain to Breakeven | 277.1% | 51.3% |
| Time to Breakeven | 328 days | 148 days |
| 2018 Correction | ||
| % Loss | -44.4% | -19.8% |
| % Gain to Breakeven | 79.8% | 24.7% |
| Time to Breakeven | 71 days | 120 days |
Compare to GSHD, RYAN, SLQT, EHTH, GOCO
In The Past
Reliance Global's stock fell -99.7% during the 2022 Inflation Shock from a high on 1/4/2022. A -99.7% loss requires a 30918.4% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Reliance Global (RELI):
- Shopify for insurance agencies
- Salesforce for insurance agencies
- Zillow for real estate agents
AI Analysis | Feedback
- Insurance Agency Services: Reliance Global Group provides a wide range of property, casualty, life, and health insurance products to individuals and businesses through its network of acquired insurance agencies.
- Insurtech Platform Development: The company develops and utilizes proprietary technology platforms to digitize and streamline the insurance brokerage process, aiming to enhance customer experience and operational efficiency.
AI Analysis | Feedback
Reliance Global (RELI) operates primarily as a digital insurance agency and insurtech company. As such, it acts as an intermediary, connecting individuals and businesses with insurance carriers. Therefore, its "customers" are the policyholders it serves. The company sells primarily to a broad base of individuals and small to medium-sized businesses rather than having a few major corporate clients purchasing its agency services.
The up to three categories of customers that Reliance Global serves are:
- Individuals and Families: These customers seek personal lines of insurance products to protect their assets and manage personal risks. This includes policies for auto, home, renters, recreational vehicles (RVs, boats, motorcycles), and personal umbrella liability coverage.
- Small to Medium-sized Businesses (SMBs): These customers are business owners and entrepreneurs requiring commercial lines of insurance to safeguard their operations, employees, and assets. This typically includes coverage such as general liability, commercial property, workers' compensation, commercial auto, and professional liability.
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Ezra Beyman, Chairman + CEO
Mr. Beyman brings nearly three decades of entrepreneurial experience in real estate and ten years in insurance. In 1985, he founded his first mortgage brokerage, which grew to be the third-largest licensed mortgage brokerage in America by 2008, having acquired numerous mortgage companies. He also expanded to real estate acquisition, growing his portfolio to over three billion dollars. In 2005, he began acquiring insurance agencies. He also founded Reliance Global Holdings LLC in 1985 and was previously President of Empire Equity Group, Inc. EmPRO Insurance Co., where Mr. Beyman was a Corporate Officer/Principal, was acquired by Sirius Global Solutions, Inc. from Jefferies Financial Group, Inc. in 2013.
Joel Markovits, CPA, Chief Financial Officer
Mr. Markovits joined Reliance Global Group in June 2021, bringing over 12 years of financial and accounting experience. Prior to this, he was a senior manager at KPMG LLP from April 2015 to May 2021, where he led significant audit engagements, including a global $16 billion enterprise.
Yaakov Beyman, Exec. Vice President. Insurance Division
Mr. Beyman oversees the overall insurance operations of Reliance Global Group, including strategy and the development and implementation of operational tools. He holds insurance licenses in most of the continental United States and is heavily involved in marketing, maintaining technological models, financial management, distributions, and entity creation and maintenance.
Grant Barra, Senior Vice President of Operations
Mr. Barra oversees the expansion of the RELI Exchange Agency Partner Network and integrates Reliance Global Group's proprietary Insurtech offerings. With over 18 years of experience in the insurance industry, he founded Barra & Associates in 2008 and served as its CEO until its acquisition by Reliance Global Group in 2022. Earlier in his career, he founded Grant Barra Agency.
Moshe Fishman, Director of Insurtech and Operations
Mr. Fishman joined Reliance Global Group in 2021. Prior to this role, he founded and operated successful insurance businesses, Fishman Insurance Agency and Tekeno Financial. He is recognized for his visionary approach in the InsurTech and FinTech sectors.
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Key Risks to Reliance Global (RELI)
Reliance Global (NASDAQ: RELI) faces several significant risks to its business, primarily centered around its financial health and its venture into cryptocurrency holdings.
- Financial Distress and Potential Bankruptcy: Reliance Global exhibits substantial financial risk, with its financial strength rated as poor due to high leverage. The company's Altman Z-Score of -4.59 places it in a "distress zone," suggesting a possibility of bankruptcy within the next two years. Macroaxis estimates an 88% probability of bankruptcy for RELI, significantly higher than the insurance sector average. Furthermore, insider activity has shown significant sell-offs over the past year.
- Risks Associated with Cryptocurrency Holdings: Reliance Global has adopted a "Digital Asset Treasury (DAT) strategy" that includes increasing its position in Zcash (ZEC). The company has acknowledged specific risks related to this strategy, including cryptocurrency volatility, illiquidity, concentration in a single asset, custody and cybersecurity risks, and potential regulatory or accounting changes.
- High Stock Volatility and Declining Revenue Growth: The company's stock has demonstrated extremely high volatility, with a reported volatility of 110.76. Additionally, Reliance Global has been grappling with financial challenges such as negative margins and declining revenue growth, which contribute to its overall financial instability.
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One clear emerging threat to Reliance Global (RELI) stems from the rise of Direct-to-Consumer (DTC) Insurtech companies. These firms leverage advanced technology, artificial intelligence, and mobile-first platforms to offer insurance products directly to consumers, bypassing traditional insurance agencies. Companies like Lemonade and Root provide streamlined online application processes, personalized pricing, and immediate policy issuance, appealing to a segment of the market seeking convenience and transparency. While RELI aims to modernize and consolidate the agency model, DTC insurtechs fundamentally challenge the necessity of the intermediary agency itself, potentially eroding the addressable market and value proposition of the agencies RELI acquires and manages.
Another clear emerging threat is the growing trend of embedded insurance. This involves the integration of insurance offerings directly into the point of sale for other products or services, such as purchasing travel insurance when booking a flight, or device protection plans when buying electronics. Companies like Cover Genius are leaders in this space, making insurance an almost invisible add-on rather than a separate purchase requiring agent interaction. As more industries adopt embedded insurance models, the demand for traditional agency-driven insurance sales could diminish, impacting RELI's core business model of acquiring and managing such agencies.
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Reliance Global Group, Inc. (RELI) operates primarily as an insurance agency holding company in the United States, focusing on acquiring and managing wholesale and retail insurance agencies. Through its various platforms and acquired agencies, Reliance Global offers a diverse range of insurance products and services. The addressable markets for Reliance Global's main products and services in the U.S. are as follows:- Health and Medical Insurance: The U.S. health and medical insurance market was valued at approximately USD 1.57 trillion in 2025 and is projected to reach USD 2.1 trillion by 2030.
- Medicare Supplement Health Insurance: The U.S. Medicare supplement health insurance market was estimated at USD 27.90 billion in 2023 and is expected to grow to USD 39.26 billion by 2030.
- Long-term Care Insurance: The Long Term Care Insurance industry in the United States is estimated to reach an estimated $25.6 billion in revenue in 2025.
- Life Insurance: The U.S. life insurance market size was estimated at USD 1.93 trillion in 2024 and is predicted to be worth around USD 4.74 trillion by 2034.
- Property and Casualty Insurance: The U.S. Property and Casualty insurance industry recorded approximately USD 1.06 trillion in Direct Premiums Written in 2024.
- Trucking Insurance: null
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Reliance Global (RELI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Strategic Acquisitions: The company's acquisition of Spetner Associates is a significant driver, anticipated to nearly double consolidated revenues to approximately $28 million annually and enhance insurance capabilities and market position.
- Organic Expansion and New Product Offerings: Reliance Global plans for organic expansion of its RELI Exchange Agency Partner Network and the introduction of new products and services. This is evidenced by growth in organic revenues and the launch of new services such as Relay Auto Leasing, which provides a new revenue stream for agents.
- Focus on Technology and AI-Powered Solutions: A strategic shift towards higher-margin, technology-driven business segments is a key focus. This includes the successful launch and continued expansion of an AI-powered Quote & Bind solution on the RELI Exchange platform, which aims to improve underwriting precision and streamline services.
- Enhanced Operational Efficiency through the OneFirm Strategy: The implementation of the "OneFirm approach" on the RELI Exchange platform is designed to improve operational efficiency, increase revenue, and reduce expenses. This integrated strategy is intended to position the company for sustainable and scalable long-term growth.
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Share Repurchases
- Reliance Global Group authorized a $3 million share repurchase program in September 2022.
Share Issuance
- In June 2025, the company completed a private placement, raising approximately $2.5 million in gross proceeds from the issuance of 1,488,096 shares of common stock and warrants, with a potential for an additional $4.25 million if warrants are fully exercised.
- As of November 2025, Reliance Global Group raised capital through a June private placement (net ~$2.15 million), an ATM program (net ~$2.02 million year-to-date), and an equity line of credit ($350,000 through quarter-end).
- Since August 1, 2025, the company issued an aggregate of 613,854 shares of common stock, including 450,000 shares for $360,000 via an equity line of credit, and 110,668 shares valued at $100,000 for marketing services.
Outbound Investments
- Reliance Global Group plans to purchase up to $120 million in digital assets, including Bitcoin, Ethereum, and Solana, as part of a new digital asset treasury strategy, with the first phase targeting $60 million and a potential additional $60 million.
- The company is close to completing its acquisition of Spetner, which is expected to nearly double annual revenue to approximately $28 million and significantly boost Adjusted EBITDA, with completion anticipated in early 2025.
Capital Expenditures
- Reliance Global Group reported quarterly capital expenditures of $4,233 for June 2025.
- The company's Property, Plant & Equipment was reported at $1.19 million in fiscal year 2024, $0.88 million in fiscal year 2023, and $1.18 million in fiscal year 2022.
- As of October 15, 2025, the Capex-to-Operating-Cash-Flow ratio was 0.00, indicating very low capital expenditures relative to operating cash flow.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Reliance Global Earnings Notes | 12/16/2025 | |
| Is Reliance Global Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons for Reliance Global
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.92 |
| Mkt Cap | 0.2 |
| Rev LTM | 641 |
| Op Inc LTM | 16 |
| FCF LTM | -16 |
| FCF 3Y Avg | -5 |
| CFO LTM | -10 |
| CFO 3Y Avg | 1 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.0% |
| Rev Chg 3Y Avg | 14.1% |
| Rev Chg Q | 2.4% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Mgn LTM | -1.5% |
| Op Mgn 3Y Avg | -10.7% |
| QoQ Delta Op Mgn LTM | -3.6% |
| CFO/Rev LTM | -2.1% |
| CFO/Rev 3Y Avg | -0.6% |
| FCF/Rev LTM | -4.0% |
| FCF/Rev 3Y Avg | -2.0% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA217814 | DECITABINE | decitabine | injectable | 12192025 | -16.3% | -16.3% | -16.3% | -16.3% | -16.3% |
| ANDA217453 | AZACITIDINE | azacitidine | powder | 5202025 | -19.1% | -33.7% | -51.6% | -51.6% | -51.6% |
| ANDA211898 | BORTEZOMIB | bortezomib | injectable | 10112022 | -29.3% | -76.7% | -81.6% | -98.9% | -99.7% |
| ANDA211899 | PEMETREXED DISODIUM | pemetrexed disodium | powder | 5252022 | -67.3% | -74.1% | -86.0% | -99.2% | -99.9% |
| ANDA211724 | CAPECITABINE | capecitabine | tablet | 4272020 | 2.7% | 2.7% | 934.6% | 777.4% | -99.4% |
Price Behavior
| Market Price | $0.41 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/23/2018 | |
| Distance from 52W High | -85.4% | |
| 50 Days | 200 Days | |
| DMA Price | $0.62 | $1.00 |
| DMA Trend | down | down |
| Distance from DMA | -33.2% | -58.6% |
| 3M | 1YR | |
| Volatility | 100.6% | 138.6% |
| Downside Capture | 493.34 | 175.22 |
| Upside Capture | -4.10 | -14.83 |
| Correlation (SPY) | 37.4% | 9.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.40 | 2.36 | 2.58 | 2.92 | 0.63 | 0.68 |
| Up Beta | -3.76 | 0.76 | 0.86 | 1.79 | 0.22 | 0.08 |
| Down Beta | -0.02 | 2.14 | 2.04 | 2.07 | 1.18 | 1.09 |
| Up Capture | 151% | 5% | 156% | 127% | -9% | -5% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 7 | 13 | 22 | 48 | 90 | 293 |
| Down Capture | 590% | 406% | 353% | 336% | 132% | 111% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 15 | 28 | 41 | 75 | 150 | 434 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELI | |
|---|---|---|---|---|
| RELI | -80.3% | 138.4% | -0.62 | - |
| Sector ETF (XLF) | 6.4% | 19.0% | 0.20 | 7.4% |
| Equity (SPY) | 14.7% | 19.3% | 0.58 | 9.5% |
| Gold (GLD) | 81.5% | 20.4% | 2.83 | 1.4% |
| Commodities (DBC) | 8.3% | 15.4% | 0.32 | 12.8% |
| Real Estate (VNQ) | 4.9% | 16.6% | 0.11 | 1.4% |
| Bitcoin (BTCUSD) | -13.6% | 39.7% | -0.28 | 9.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELI | |
|---|---|---|---|---|
| RELI | -80.4% | 148.2% | -0.54 | - |
| Sector ETF (XLF) | 13.3% | 18.8% | 0.58 | 9.5% |
| Equity (SPY) | 14.4% | 17.1% | 0.68 | 8.3% |
| Gold (GLD) | 21.9% | 15.7% | 1.13 | 1.2% |
| Commodities (DBC) | 11.9% | 18.7% | 0.52 | 3.1% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 7.0% |
| Bitcoin (BTCUSD) | 19.5% | 57.9% | 0.54 | 2.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RELI | |
|---|---|---|---|---|
| RELI | -54.1% | 145.2% | -0.36 | - |
| Sector ETF (XLF) | 13.6% | 22.3% | 0.56 | 10.8% |
| Equity (SPY) | 15.5% | 18.0% | 0.74 | 9.2% |
| Gold (GLD) | 16.2% | 14.9% | 0.90 | 2.0% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 5.0% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 8.5% |
| Bitcoin (BTCUSD) | 70.6% | 66.7% | 1.10 | 5.2% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/6/2025 | -1.4% | -11.0% | -21.2% |
| 11/7/2024 | -6.8% | -23.2% | -21.7% |
| 7/25/2024 | -7.6% | -15.5% | -29.2% |
| 4/4/2024 | 43.2% | -5.4% | -29.7% |
| 11/13/2023 | 3.7% | -16.1% | -41.1% |
| 8/10/2023 | -13.4% | -19.0% | -15.3% |
| 3/16/2023 | -9.1% | -37.0% | -30.0% |
| 11/16/2022 | -3.9% | -10.4% | -7.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 1 | 0 |
| # Negative | 6 | 8 | 9 |
| Median Positive | 17.5% | 15.7% | |
| Median Negative | -7.2% | -15.8% | -21.7% |
| Max Positive | 43.2% | 15.7% | |
| Max Negative | -13.4% | -37.0% | -41.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/04/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/18/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fruchtzweig, Ben | Direct | Sell | 7312025 | 2.85 | 26,000 | 74,001 | 107,433 | Form | |
| 2 | Blumenfrucht, Alex | Direct | Sell | 7242025 | 2.90 | 36,249 | 105,245 | 1,405 | Form | |
| 3 | Brickman, Sheldon | Direct | Sell | 7242025 | 2.82 | 15,236 | 43,039 | 136,989 | Form | |
| 4 | Markovits, Joel | Chief Financial Officer | Direct | Sell | 7242025 | 3.00 | 40,534 | 121,602 | 480,807 | Form |
| 5 | Beyman, Yaakov | EXEC VP, INSURANCE DIVISION | Direct | Sell | 7242025 | 3.06 | 20,000 | 61,149 | 215,474 | Form |
Industry Resources
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External Quote Links
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| FinViz |
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