Pretax income is the income that a company earns before paying income taxes. Reliance Global Group's pretax income for the
three
months ended in Dec. 2023 was $-8.89 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $-9.91 Mil.
Reliance Global Group's pretax margin was -267.63%.
During the past 10 years, Reliance Global Group's highest Pretax Margin was 183.32%. The lowest was -6610.26%. And the median was -161.50%.
Reliance Global Group Pre-Tax Income Historical Data
The historical data trend for Reliance Global Group's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Reliance Global Group's Pre-Tax Income
For the Insurance Brokers subindustry, Reliance Global Group's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Reliance Global Group's Pre-Tax Income Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Reliance Global Group's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Reliance Global Group's Pre-Tax Income falls into.
Reliance Global Group Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
Reliance Global Group's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.91 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Reliance Global Group (NAS:RELI) Pre-Tax Income Explanation
Reliance Global Group's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as
During the past 10 years, Reliance Global Group's highest Pretax Margin was 183.32%. The lowest was -6610.26%. And the median was -161.50%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Reliance Global Group Pre-Tax Income Related Terms
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Reliance Global Group (Reliance Global Group) Business Description
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. It generates revenue in the form of commissions.
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