Sector: Financials | Industry: Multiline Insurance & Brokers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 155 North Wacker Drive, Suite 4000 CHICAGO IL 60606 |
Tel: | N/A |
Website: | https://ryanspecialty.com |
IR: | See website |
Key People | ||
Patrick G. Ryan Chairman of the Board of Directors, Chief Executive Officer, Founder | Timothy W. Turner President, Director, Chairman and Chief Executive Officer of RT Specialty | Jeremiah R. Bickham Chief Financial Officer, Executive Vice President |
Nicholas D. Cortezi Director; Chairman of RSG Underwriting Managers | Lisa J. Paschal Chief Human Resources Officer, Senior Vice President | Mark S. Katz Executive Vice President, General Counsel, Corporate Secretary | Brendan M. Mulshine Executive Vice President, Chief Revenue Officer |
Business Overview |
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Company's Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers. |
Financial Overview |
For the fiscal year ended 31 December 2023, Ryan Specialty Holdings Inc revenues increased 20% to $2.08B. Net income applicable to common stockholders decreased 1% to $61M. Revenues reflect Wholesale brokerage segment increase of 17% to $1.32B. Net income was offset by GAAP Expense Ratio - % - General & Admin increase of 17% to 13.3%, Compensation and benefits - Balancin increase of 19% to $1.23B (expense). |
Employees: | 4,350 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7,728M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,078M as of Dec 31, 2023 |
EBITDA (TTM): | $582.13M as of Dec 31, 2023 |
Net annual income (TTM): | $61.03M as of Dec 31, 2023 |
Free cash flow (TTM): | $447.43M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,140M as of Dec 31, 2023 |
Shares outstanding: | 260,291,730 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |