Reliance Global Group, Inc..
RELI.US | Activities of insurance agents and brokers
Reliance Global Group, Inc. operates as a holding company that focuses on acquiring and operating insurance agencies. The company's primary business involves providing a range of insurance products and services to individuals and businesses. This includes property and casualty insurance, employee be...Show More
Better Health for All
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Reliance Global Group (RELI) operates as a holding company focused on acquiring and operating insurance agencies, including those specializing in Medicare supplement insurance.
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The company's core business activities, such as providing insurance products and services, are assessed as having no significant direct positive or negative health impact. There is no evidence of revenue from products with well-established negative health outcomes, nor do its products have direct safety implications for physical or mental health.
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The company does not offer health-related products or services that require specific accessibility considerations, nor does it engage in health-related R&D or innovation.
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The articles do not provide any information regarding health externalities or disclosures about health risks or benefits related to its products.
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Fair Money & Economic Opportunity
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No specific, concrete evidence was found in the provided articles to assess Reliance Global Group, Inc. (RELI.US) against the KPIs for Fair Money & Economic Opportunity. Articles referring to 'Reliance Global Holdings Limited' and 'Reliance Jio' pertain to different entities and were not used for this assessment. The only article specifically about RELI.US stated that no data relevant to the key metrics for this value was provided.
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Fair Pay & Worker Respect
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No evidence available to assess Reliance Global Group, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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Reliance Global Group, Inc. (RELI.US) is an insurance holding company. The provided articles, including those from `religroupinc.com` (the company's domain), do not contain any specific quantitative data points or concrete facts relevant to the Fair Trade & Ethical Sourcing KPIs for RELI.US.
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While some articles (from 'Reliance, Inc.', not explicitly RELI.US) mention policies regarding child labor, forced labor, and conflict minerals, they do not provide metrics such as the percentage of fair-trade certified spend, audit frequency, number of labor incidents, traceability coverage, remediation speed, ethical clause coverage in contracts, share of high-risk materials, or supplier diversity spend.
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Therefore, no KPIs can be scored based on the provided evidence.
Honest & Fair Business
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The company has a whistleblower policy that allows employees to report concerns to multiple channels, including anonymously to the Chairman of the Audit Committee.
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It explicitly prohibits retaliation against individuals who report in good faith and is intended to comply with the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act of 2010, even assisting with applicable bounties.
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The Audit Committee determines the scope of investigations.
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The company has filed various SEC documents, including 8-K, 10-K, 10-Q, and proxy statements.
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There is no evidence of any financial restatements for the company in the provided articles.
Kind to Animals
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No evidence available to assess Reliance Global Group, Inc. on Kind to Animals.
No War, No Weapons
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Reliance Global Group's core business is focused on acquiring and operating insurance agencies, and expanding into technology sectors such as cybersecurity, artificial intelligence, data analytics, FinTech, InsurTech, and MedTech.
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There is no evidence in the provided articles that the company derives any revenue from arms or defense contracts, nor that it has any exposure to controversial weapons or defense-related assets requiring divestment. While a subsidiary, Reliance Electronics, Inc., has a policy to address conflict minerals in its supply chain, no quantitative data is provided regarding the percentage of its supply chain certified conflict-free, thus this KPI cannot be scored.
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Planet-Friendly Business
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No evidence available to assess Reliance Global Group, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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No evidence was found in the provided articles regarding Reliance Global Group's respect for cultures and communities. The articles focus on financial performance, debt reduction, job postings, and company growth strategy, without providing data on community engagement, cultural impact assessments, local employment ratios, or any other metrics related to this ethical value.
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Safe & Smart Tech
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In 2023, Reliance Global Group invested $9.5 million in cybersecurity technologies, including quantum encryption and zero-trust architecture.
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This investment represents approximately 74.8% of its $12.7 million total revenue for 2023.
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The company reported no unauthorized data use incidents.
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However, Reliance Global Group faces regulatory compliance challenges in the US, EU, and Asia, including one active regulatory compliance investigation in 2023, with estimated legal expenses of $750,000 for regulatory matters.
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Zero Waste & Sustainable Products
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No evidence available to assess Reliance Global Group, Inc. on Zero Waste & Sustainable Products.