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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.
Ryan Specialty (NYSE: RYAN) has announced the promotion of Michael VanAcker to Executive Vice President of RT Specialty, effective immediately. With over a decade of experience at the firm, including roles as Chief Operating Officer, VanAcker brings significant operational expertise. He will collaborate with Tim Turner, Chairman & CEO, and Ed McCormack, President of RT Specialty. This strategic move is intended to leverage VanAcker's experience in M&A and growth strategies to enhance RT Specialty's performance, which is a key revenue driver for the company.
Ryan Specialty Holdings reported a 14.9% year-over-year revenue increase to $435.0 million for Q4 2022, driven by a 10.3% organic growth rate. Net income rose 54.6% to $45.8 million, with diluted earnings per share at $0.14. Despite overall growth, adjusted net income fell 4.1% to $73.8 million, and adjusted diluted EPS decreased 6.9% to $0.27. The company initiated a 2023 outlook for organic revenue growth between 10.0% and 13.0% and adjusted EBITDAC margins of 29.0% to 30.0%. Additionally, the ACCELERATE 2025 program aims for long-term productivity improvements.
Ryan Specialty Holdings, Inc. (NYSE: RYAN) will release its Fourth Quarter 2022 financial results on February 28, 2023, after market close. A conference call to discuss the results is scheduled for 5:00 PM ET on the same day, with a live webcast available on the company's investor relations website. Founded in 2010, Ryan Specialty specializes in providing innovative specialty insurance solutions, acting as a wholesale broker and managing underwriter for insurance carriers.
Ryan Specialty (NYSE: RYAN) has successfully completed the acquisition of select assets from Griffin Underwriting Services, a wholesale insurance broker based in Bellevue, WA. This acquisition aligns with Ryan Specialty's strategy to enhance its service offerings in the specialty insurance sector. The move is expected to bolster Ryan Specialty's distribution channels and increase its market share in the binding authority segment. The acquisition's financial terms were not disclosed, but it follows a previous announcement made on December 11, 2022.
Ryan Specialty (NYSE: RYAN) has announced a definitive agreement to acquire certain assets of Griffin Underwriting Services, a specialist in binding authority and wholesale insurance. Founded in 1928 and based in Bellevue, WA, Griffin generated approximately $23 million in revenue for the 12 months ending November 30, 2022. The acquisition is expected to close in January 2023, enhancing Ryan Specialty's offerings in the Pacific Northwest and expanding its national binding authority capabilities.
Ryan Specialty Holdings (NYSE: RYAN) announced its leadership team's participation in a fireside chat at the Goldman Sachs Financial Services Conference on December 6, 2022, at 3:40 PM ET. Key figures including Founder and CEO Patrick G. Ryan, President Timothy W. Turner, CFO Jeremiah R. Bickham, and President and CEO of Ryan Specialty Underwriting Managers Miles Wuller will discuss insights relevant to the specialty insurance sector. The event will be streamed live and will be accessible for replay for 90 days on Ryan Specialty’s website.
Ryan Specialty Holdings, Inc. reported strong financial results for Q3 2022, with total revenue increasing 16.8% year-over-year to $412.0 million. The organic revenue growth rate was 13.7%, demonstrating solid client acquisition. Net income rose to $29.3 million, compared to a loss of $32.6 million in the prior year. Adjusted EBITDAC increased 11.2% to $116.8 million, with a margin of 28.4%. However, the full-year organic revenue growth guidance has been revised down to 14.5% – 16.0%.
Ryan Specialty (NYSE: RYAN) is set to release its Third Quarter 2022 financial results on November 10, 2022, after market close. A conference call will be held at 5:00 PM ET on the same day to discuss the results. Interested parties can access the live webcast on Ryan Specialty’s investor relations website. Founded in 2010, Ryan Specialty is a leading provider of specialty insurance solutions.
Ryan Specialty Holdings will have its Chairman & CEO, Patrick G. Ryan, President Timothy W. Turner, and CFO Jeremiah R. Bickham speak at the KBW Insurance Conference on September 8, 2022, at 9:05 AM Eastern Time. This event will be broadcast via a live webcast on Ryan Specialty's website, with a replay available for 90 days post-event. Founded in 2010, Ryan Specialty offers specialty insurance solutions for brokers and carriers, focusing on distribution, underwriting, and risk management services.
Ryan Specialty Holdings reported a 26.0% year-over-year increase in total revenue, reaching $491.3 million in Q2 2022, driven by strong organic growth of 22.3%. Net income rose 10.6% to $70.1 million, or $0.22 per diluted share. Adjusted EBITDAC grew 18.2% to $166.1 million, with a margin of 33.8%. The company raised its full-year outlook for organic revenue growth to 16.5% - 18.0% and EBITDAC margin to 29.0% - 30.0%. As of June 30, 2022, cash and equivalents stood at $866.7 million.
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