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Reliance Global Group 10-K: Commission Income $12.43M, Net Loss $(6.99)M
Reliance Global Group reported a 12% decline in commission income to $12.431 million for the year, primarily due to portfolio realignments and asset sales. Despite this, the company narrowed its net loss by 23% to $(6.988) million, driven by gains on sales and reduced interest expense. The results reflect a strategic pivot towards acquiring majority stakes in tech-driven businesses and streamlining its insurance brokerage operations.