Ryan Specialty Holdings, Inc. - RYAN STOCK NEWS

Ryan Specialty Group Holdings reported a 15.8% increase in total revenue for Q4 2021, reaching $378.5 million. The organic revenue growth rate was 15.4%, with net income at $29.6 million compared to a net loss of $3.5 million in the prior year. Adjusted EBITDAC rose 18.2% to $120.3 million, and adjusted net income grew 24.1% to $77 million. Full-year revenue increased by 41% to $1.4 billion. The company anticipates a 2022 organic revenue growth rate of 13.0% - 15.0% and an adjusted EBITDAC margin of 28.0% - 30.0%.

CyberCube has partnered with RT ProExec, a division of Ryan Specialty Group, to enhance their cyber risk analytics capabilities through the Broking Manager platform. This collaboration allows RT ProExec to better assess financial impacts from cyber events, streamlining insurance coverage decisions. The Broking Manager provides insightful reports on cyber risks, aiming to improve services for their clients and retailers. CyberCube specializes in cyber risk analytics within the insurance sector, offering advanced tools to manage and understand cyber exposures.

Ryan Specialty Group Holdings (NYSE: RYAN) announced it will release its fourth quarter 2021 financial results on March 15, 2022, after market close. A conference call will follow at 5:00 pm ET on the same day to discuss these results. Investors can access the live webcast on the company’s investor relations website. Founded in 2010, Ryan Specialty offers specialty insurance products and solutions, functioning as a wholesale broker and managing underwriter, aiming for innovative solutions in the insurance sector.

Ryan Specialty Group (NYSE: RYAN) announced the pricing of $400 million in 4.375% Senior Secured Notes due 2030, set at 100% of par. The offering is expected to close on February 3, 2022, pending customary conditions. Proceeds will support general corporate purposes, including acquisitions and covering offering fees. The notes will be offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. These notes are unregistered and may not be sold in the U.S. without registration or exemption.

Aspen Insurance Holdings Limited has entered a new partnership with Ryan Specialty Group, expanding its participation in Ryan's international Managing General Underwriting (MGU) portfolio. Effective January 1, 2022, Aspen will join seven additional programs, enhancing its underwriting capabilities across multiple platforms and geographies, including three in the U.S. and four in Europe. This collaboration aims to leverage Aspen's insurance, reinsurance, and capital markets expertise, ultimately providing innovative risk transfer solutions.

Ryan Specialty Group, a key player in specialty insurance, plans to offer up to $400 million in senior secured notes due 2030. The offering, not guaranteed by the parent company, will be secured on a first-lien basis by assets under its credit agreement. Proceeds will fund general corporate purposes, including acquisitions and related expenses. The notes will be privately offered to qualified institutional buyers and are not registered under the Securities Act. This move may enhance the company's financial flexibility but does not come without risks associated with its unsecured structure.

Ryan Specialty Group (NYSE: RYAN) has successfully completed the acquisition of certain assets from Keystone Risk Partners, LLC, located in Media, PA. This acquisition, previously announced on December 13, 2021, aligns with Ryan Specialty's strategy to expand its specialty insurance offerings and enhance services to brokers and agents. Founded in 2010, Ryan Specialty is a growing service provider focusing on innovative insurance solutions, distribution, underwriting, and risk management.

Ryan Specialty Group (NYSE: RYAN) has announced a definitive agreement to acquire certain assets of Keystone Risk Partners, based in Media, PA. This acquisition aims to enhance Ryan's offerings to retail brokers and agents by adding new talent and facilitating access to alternative risk capital. Keystone generated approximately $8 million in revenue for the 12 months ending November 30, 2021. The transaction terms were not disclosed, and it is expected to close later this month, subject to closing conditions.