Reliance Global Group, Inc. focuses on the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in 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. …
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Competitive advantage assessment
Key risks
Below-Peer Underwriting MarginsGross margin at 10.5th percentile and operating margin at 20.0th percentile indicate weak underwriting discipline vs peers.
Volatile Underwriting ResultsUnderwriting stability is low (score 0.20), indicating significant exposure to loss cycle or catastrophe volatility.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Reliance Global Group, Inc. ranks #19 of 21
scored companies in Insurance Brokers by moat score — the top 90%.
The widest moat in the group is Brown & Brown, Inc. (BRO)
at 82/100.
Moat scores for companies ranked near RELI in Insurance Brokers
How RELI scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 18
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 18
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 24
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 24
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 17
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 35
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
Reliance Global Group, Inc. (RELI) scores 21 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #19 of 21 scored companies in Insurance Brokers, the top 90%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in Insurance Brokers. Its strongest defense is Scale & Diversification (35/100) and its weakest is Operational Efficiency (17/100).
How does Reliance Global Group, Inc. compare with other Insurance Brokers companies?
Reliance Global Group, Inc. ranks #19 of 21 scored companies in Insurance Brokers by moat score. The widest moat in Insurance Brokers is Brown & Brown, Inc. (BRO) at 82/100. The companies ranked closest are GoHealth, Inc. (GOCO) at 25 just above it and Zhibao Technology Inc. (ZBAO) at 20 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in Insurance Brokers. The defenses are then weighted to produce the overall score out of 100.
Why is Reliance Global Group, Inc. scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for Reliance Global Group, Inc.?
The Insurance & Reinsurance template measures 6 defenses, and RELI scores: Underwriting Discipline (18), Float Investment Quality (18), Pricing Power (24), Capital Strength & Solvency (24), Operational Efficiency (17), Scale & Diversification (35). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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