STOCK TITAN

Ryan Specialty Hldgs Inc - RYAN STOCK NEWS

Welcome to our dedicated page for Ryan Specialty Hldgs news (Ticker: RYAN), a resource for investors and traders seeking the latest updates and insights on Ryan Specialty Hldgs stock.

Ryan Specialty Holdings, Inc. (symbol: RYAN) is a premier global organization dedicated to providing specialized insurance services. Founded by Mr. Patrick G. Ryan, the retired chairman and CEO of Aon Corporation, Ryan Specialty offers a range of services that include wholesale brokerage, underwriting management, and other specialized insurance solutions tailored for agents, brokers, and carriers worldwide.

Ryan Specialty is committed to delivering measurable value through its expertise in crafting sophisticated insurance and risk management solutions. The company focuses on hard-to-place risks, making it a vital player in the insurance industry. With a mission to provide outstanding industry experience and quality services, Ryan Specialty works closely with retail agents, brokers, and insurance carriers to meet their unique needs.

The company prides itself on its proven leadership, extensive industry experience, and quality service. Its core business operations include distribution, underwriting, product development, administration, and risk management. These services are designed to help clients manage complex risk profiles effectively.

Some recent achievements of Ryan Specialty include strategic partnerships and product innovations that enhance their service offerings. The company is actively involved in various projects aimed at improving their service delivery and expanding their market presence. Financially, Ryan Specialty maintains a robust position, making it a reliable choice for those seeking specialized insurance solutions.

For more detailed information about Ryan Specialty and their services, you can visit their website at www.ryansg.com or contact them directly at 855-201-2000.

Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) reported strong fourth quarter 2024 results with total revenue growing 24.5% year-over-year to $663.5 million. The company achieved an organic revenue growth rate of 11.0% and Adjusted EBITDAC increased 36.2% to $216.0 million.

Net income decreased 27.3% to $42.6 million ($0.10 per diluted share), while Adjusted Net Income rose 28.9% to $123.3 million ($0.45 per diluted share). For full year 2024, revenue grew 21.1% to $2,515.7 million with organic growth of 12.8%.

The company completed 7 acquisitions during 2024, adding over $265 million in annualized revenue. The Board declared a 9.1% increase in quarterly dividend to $0.12 per share. For 2025, Ryan Specialty projects organic revenue growth between 11.0% - 13.0% and Adjusted EBITDAC margin of 32.5% - 33.5%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) has completed its previously announced acquisition of Velocity Risk Underwriters, , a Nashville-based managing general underwriter (MGU) specializing in first-party insurance coverage for catastrophe exposed properties. The acquisition, which was initially announced on January 7, 2025, involves purchasing Velocity from funds managed by Oaktree Capital Management, L.P. Velocity will be integrated into the Ryan Specialty Underwriting Managers division.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
-
Rhea-AI Summary

Ryan Specialty Holdings (NYSE: RYAN), an international specialty insurance firm, has scheduled its Fourth Quarter 2024 financial results announcement for Thursday, February 20, 2025, after market close. The company will host a conference call at 5:00pm Eastern Time on the same day to discuss the results.

Investors can access the conference call via toll-free number (877) 451-6152 or international number (201) 389-0879, and are advised to dial in 10 minutes before the start time. A live webcast will be available on Ryan Specialty's investor relations website at ir.ryanspecialty.com, with a replay accessible for one year following the call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) has announced a definitive agreement to acquire Velocity Risk Underwriters, a Nashville-based managing general underwriter (MGU), from Oaktree Capital Management for $525 million in upfront cash. Velocity specializes in first-party insurance coverage for catastrophe-exposed properties, focusing on US property catastrophe risks such as named storms, earthquakes, and tornados.

As part of the transaction, Velocity's E&S carrier, Velocity Specialty Insurance Company (VSIC), will be acquired by FM, a commercial property mutual insurance company. Velocity generated approximately $81 million in operating revenue for the 12 months ended December 31, 2024. The acquisition is expected to close in early 2025 and will strengthen Ryan Specialty's property catastrophe portfolio and delegated authority platform.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
-
Rhea-AI Summary

Ryan Specialty has priced an upsized offering of $600 million in 5.875% senior secured notes due 2032, representing a $100 million increase from the initially announced size. The notes are priced at 99.500% of par, with closing expected on December 9, 2024. These new notes will be issued under the same indenture as the existing $600 million notes issued in September 2024. The proceeds will fund future acquisitions and investments, with potential temporary use of up to $400 million to repay revolving credit facility borrowings used for the recent $450 million Innovisk Capital Partners acquisition.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
-
Rhea-AI Summary

Ryan Specialty announces a private offering of $500 million in additional 5.875% senior secured notes due 2032. These notes will supplement the existing $600 million notes issued in September 2024. The notes will be guaranteed by the company's wholly owned subsidiaries and secured by substantially all assets securing existing obligations. The proceeds will fund future acquisitions, investments, and general corporate purposes, with potential temporary allocation of up to $400 million to repay revolving credit facility borrowings used for the recent $450 million Innovisk Capital Partners acquisition.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
Tags
private placement offering
Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) has successfully completed its previously announced acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), which represents the underwriting management segment of Ryan Specialty. The acquisition, which was initially announced on October 30, 2024, strengthens Ryan Specialty's position in the international specialty insurance services sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
-
Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) has acquired Innovisk from Abry Partners and BHMS Investments. Founded in 2017, Innovisk operates as a portfolio of seven specialty MGUs, offering services in environmental, transactional liability, financial lines, professional liability, commercial auto liability, and UK professional indemnity and P&C. The company maintains offices in London, United States, and India. Under Abry and BHMS ownership since 2021, Innovisk has experienced strong organic growth and expanded its global presence. The acquisition aims to enhance Ryan Specialty's product innovation and market diversification capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
none
-
Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments. Innovisk, founded in 2017, would join Ryan Specialty Underwriting Managers (RSUM) and brings a portfolio of seven specialty MGUs focusing on environmental, transactional liability, financial lines, and other insurance products. Based in London with offices in the US and India, Innovisk generated approximately $58 million in operating revenue for the 12 months ended July 31, 2024. The acquisition is expected to close early next month, though terms haven't been finalized.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
Rhea-AI Summary

Ryan Specialty reported its third-quarter 2024 results, highlighting a 20.5% increase in total revenue to $604.7 million, driven by an 11.8% organic revenue growth rate. Net income surged by 82.4% year-over-year to $28.6 million, translating to $0.09 per diluted share. Adjusted EBITDAC also saw a significant rise of 29.4% to $190.3 million, with an adjusted EBITDAC margin of 31.5%, up from 29.3% the previous year. Adjusted net income increased by 31.2% to $113.6 million, or $0.41 per diluted share. Operating expenses increased by 21.1%, primarily due to higher compensation and acquisition-related expenses. The company executed five acquisitions and issued new senior notes to strengthen its balance sheet. The board declared a regular quarterly dividend of $0.11 per share, payable on November 26, 2024. The company maintained its full-year 2024 outlook, expecting an organic revenue growth rate of 13.0%-14.0% and an adjusted EBITDAC margin of 32.0%-32.5%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags

FAQ

What is the current stock price of Ryan Specialty Hldgs (RYAN)?

The current stock price of Ryan Specialty Hldgs (RYAN) is $69.99 as of February 28, 2025.

What is the market cap of Ryan Specialty Hldgs (RYAN)?

The market cap of Ryan Specialty Hldgs (RYAN) is approximately 8.8B.

What does Ryan Specialty Holdings, Inc. do?

Ryan Specialty Holdings provides specialized insurance services including wholesale brokerage, underwriting management, and risk management solutions.

Who founded Ryan Specialty Holdings?

Ryan Specialty Holdings was founded by Mr. Patrick G. Ryan, the retired chairman and CEO of Aon Corporation.

What types of services does Ryan Specialty Holdings offer?

The company offers distribution, underwriting, product development, administration, and risk management services.

Who are the primary clients of Ryan Specialty Holdings?

The primary clients include insurance brokers, agents, and carriers who require specialized insurance solutions.

What is unique about Ryan Specialty Holdings?

The company focuses on hard-to-place risks, offering sophisticated insurance and risk management solutions.

Where can I find more information about Ryan Specialty Holdings?

More information can be found on their website at www.ryansg.com or by calling 855-201-2000.

What recent achievements has Ryan Specialty Holdings accomplished?

Recent achievements include strategic partnerships and product innovations to enhance service offerings.

What is the mission of Ryan Specialty Holdings?

The mission is to deliver measurable value through expertise in specialized insurance solutions and risk management.

How does Ryan Specialty Holdings maintain its financial health?

The company maintains a robust financial position through strategic initiatives and effective risk management.

What is the significance of Ryan Specialty Holdings in the insurance industry?

Ryan Specialty Holdings plays a vital role by providing solutions for hard-to-place risks and offering top-notch insurance services.
Ryan Specialty Hldgs Inc

NYSE:RYAN

RYAN Rankings

RYAN Stock Data

8.80B
101.91M
14.65%
87.56%
3.6%
Insurance - Specialty
Insurance Agents, Brokers & Service
Link
United States
CHICAGO