Ryan Specialty Holdings Inc (N:RYAN)

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
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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

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