Reliance Global Group Strengthens Financial Position
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Reliance Global Group (RELI) has reported its Q3 earnings, highlighting a $3 million gain from the sale of Fortman Insurance Services, which has helped reduce long-term debt. Key financial metrics include a 590% increase in unrestricted cash and a 125% rise in equity, despite a net loss of $1.2 million. The company plans to issue its first special dividend of $0.03 per share and continues to develop its RELI Exchange platform. Management is focused on technology-driven profitability and sustainable growth.
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