Reliance Global Group (ticker: EZRA) is a small holding company that owns independent insurance agencies and two proprietary InsurTech platforms. The core insurance business generates commission-based revenue by placing personal and commercial lines policies across property & casualty, life, and health insurance — acting as an intermediary between carriers and policyholders. Reliance does not bear underwriting risk; it earns a percentage of premiums written, with renewal commissions providing recurring revenue as long as policies stay in force. The two technology platforms are RELI Exchange, a B2B platform for independent agents offering multi-carrier quoting, policy binding, back-office support, and compliance tools via a white-label interface on a subscription model, and 5MinuteInsure.com, a direct-to-consumer platform for comparing and binding policies online, live in 44 states across more than 30 carriers. In 2025, Reliance sold several agency assets to focus on RELI Exchange and reduce debt. The company is now pivoting toward a broader holding company model called Scale51, under which it seeks to acquire ~51% controlling stakes in early-stage technology companies across AI, cybersecurity, fintech, and medtech. The first deal under this model is a phased acquisition of Enquantum, a post-quantum cybersecurity company. Reliance has also adopted a digital asset treasury strategy, allocating a portion of its cash to cryptocurrencies including Bitcoin and Ethereum. The company has approximately 40 employees.