The historical rank and industry rank for Reliance Global Group's Pretax Margin % or its related term are showing as below:
RELI'
s Pretax Margin % Range Over the Past 10 Years
Min: -6610.26 Med: -161.5 Max: 183.32
Current: -131.49
RELI's Pretax Margin % is ranked worse than 98.98% of 488
companies
in the Insurance industry
Industry Median: 10.115
vs RELI: -131.49
Reliance Global Group Pretax Margin % Historical Data
The historical data trend for Reliance Global Group's Pretax Margin % 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 Pretax Margin %
For the Insurance Brokers subindustry, Reliance Global Group's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Reliance Global Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Reliance Global Group's Pretax Margin % falls into.
Reliance Global Group Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Reliance Global Group's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Reliance Global Group Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Reliance Global Group's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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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