Reliance Global Group, Inc. Segments Disclosure
NOTE 17. SEGMENT REPORTING
The Company manages its business activities on a consolidated basis and operates as a single operating segment, the Insurance Segment, earning its revenues from insurance commissions. Accounting policies of the Insurance segment are described in Note 2 – Summary of Significant Accounting Policies.
Our CODM (chief operating decision maker) is our Chairman and Chief Executive Officer, Mr. Ezra Beyman. The CODM uses consolidated net income (loss), as reported on our consolidated statements of operations, in evaluating performance of the Insurance Segment and determining how to allocate resources of the Company as a whole, including for investments, stockholder return programs and our acquisition strategy. The CODM does not review assets in evaluating the results of the Insurance Segment, and therefore, such information is not presented. Further, the Company’s investment in digital assets is managed as part of its overall corporate treasury activities and is not evaluated by the CODM as a separate operating segment.
The following table provides the financial results of our Insurance Segment:
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Total revenues | $ | 12,430,959 | $ | 14,054,361 | ||||
| Less: Significant and other Insurance Segment expenses | ||||||||
| Commission expense | 4,614,690 | 4,189,599 | ||||||
| Salaries and wages | 10,308,197 | 7,226,810 | ||||||
| General and administrative expenses | 4,910,823 | 4,219,635 | ||||||
| Marketing and advertising expenses | 278,399 | 357,697 | ||||||
| Change in estimated acquisition earn-out payables | 47,761 | |||||||
| Depreciation and amortization | 1,331,846 | 1,786,068 | ||||||
| Asset impairments | 3,922,110 | |||||||
| Interest expense | 991,081 | 1,442,808 | ||||||
| Interest expense related parties | 52,193 | 140,802 | ||||||
| Other income, net | 54,898 | (51,345 | ) | |||||
| Recognition and change in fair value of warrant liabilities | (156,000 | ) | ||||||
| Gain on sale of business | (3,182,917 | ) | ||||||
| Unrealized and realized (gains) losses on digital assets, net | 59,505 | |||||||
| Insurance segment net loss | $ | (6,987,756 | ) | $ | (9,071,584 | ) | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 10, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.