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Ryan Specialty Holdings Inc   (RYAN)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 
Price: $47.0800 $0.04 0.085%
Day's High: $47.36 Week Perf: 1.66 %
Day's Low: $ 46.57 30 Day Perf: 7.51 %
Volume (M): 583 52 Wk High: $ 50.64
Volume (M$): $ 27,429 52 Wk Avg: $43.88
Open: $46.99 52 Wk Low: $35.10



 Market Capitalization (Millions $) 5,455
 Shares Outstanding (Millions) 116
 Employees 3,500
 Revenues (TTM) (Millions $) 1,980
 Net Income (TTM) (Millions $) 182
 Cash Flow (TTM) (Millions $) -164
 Capital Exp. (TTM) (Millions $) 16

Ryan Specialty Holdings Inc
Ryan Specialty Holdings Inc (RSH) is a Chicago based holding company that specializes in providing specialty insurance and related services. The company was founded in 2010 by industry veteran Patrick G. Ryan, who had founded the predecessor companies of Aon Corp and Ryanair Holdings. RSH is privately held and currently controlled by Patrick G. Ryan and a group of equity investors.

The company operates through several subsidiaries, including Ryan Specialty Group, Ryan Specialty Underwriting Managers, ThinkRisk Underwriting Agency, and RT Specialty. These companies provide underwriting, claims management, risk management, and other services to insurers, brokers, and agents. RSH operates in several specialty lines, including aviation, marine, energy, healthcare, professional liability, and transportation.

RSH has a global presence with offices in the United States, Canada, London, and other international locations. The company has over 3,000 employees and is recognized as a top-five wholesale insurance broker and one of the fastest-growing companies in the insurance industry. RSH has also been recognized for its innovation and leadership, with multiple awards for its technology, customer service, and industry contributions.

RSH is committed to providing exceptional service and value to its clients, and this is reflected in its customer-centric culture. RSH also emphasizes the importance of diversity and inclusion, and its workforce reflects this commitment. The company has a strong commitment to giving back to the community, and its philanthropic efforts include supporting education, health, and social welfare causes.

Overall, Ryan Specialty Holdings Inc is a leading specialty insurance company that operates globally and provides a wide range of services to its clients. Its commitment to excellence, innovation, and customer service has made it one of the most successful and respected companies in the industry.


   Company Address: Two Prudential Plaza Chicago 60601 IL
   Company Phone Number: 784-6001   Stock Exchange / Ticker: NYSE RYAN
   RYAN is expected to report next financial results on February 29, 2024.


   

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Financing Agreement

Ryan Specialty Successfully Reprices Term Loan, Lowering the Cost of Capital and Boosting Financial Prospects

Published Fri, Jan 19 2024 1:18 PM UTC



Chicago-based Ryan Specialty Holdings, Inc. (NYSE: RYAN), a prominent global specialty insurance firm, recently announced the successful repricing of its $1.65 billion term loan debt. This strategic move is expected to significantly reduce the company's annual cash interest expense by approximately $5.6 million, providing a substantial boost to their financial outl...

Management Changes

Ryan Specialty Bolsters Leadership with New Board Appointment, Bid Farewell to Seasoned Director; Q3 2023 ROA Shines Amidst Market Competition

Published Tue, Jan 2 2024 10:01 PM UTC


Introduction
Ryan Specialty Holdings, Inc., a renowned international specialty insurance firm, has made significant announcements regarding its Board of Directors. The company has appointed Pat Ryan, Jr., CEO of Incisent Labs Group, as a new board member and bid farewell to William J. Devers upon his retirement. These developments signify changes in leadership and d...

Merger and Acquisition

Ryan Specialty's European Ambitions Soar with Castel Underwriting Acquisition

Published Thu, Dec 21 2023 9:05 PM UTC



In a significant development that marks Ryan Specialty's continued growth and strategic expansion, the leading international specialty insurance firm has recently announced its plans to acquire Castel Underwriting Agencies Limited (Castel). This definitive agreement has been signed with the aim to bolster Ryan Specialty's capabilities in the European market and str...

Merger and Acquisition

Ryan Specialty Completes Acquisition of AccuRisk Holdings, Expanding its Market Presence in Medical Stop Loss Insurance

Published Fri, Dec 1 2023 9:05 PM UTC


Chicago-based international specialty insurance firm, Ryan Specialty (NYSE: RYAN), has successfully concluded the acquisition of AccuRisk Holdings, LLC (AccuRisk), a prominent managing general underwriter (MGU) specializing in medical stop loss insurance. This strategic acquisition further solidifies Ryan Specialty's position in the insurance market, enhancing its capab...

Ryan Specialty Holdings Inc

Ryan Specialty Holdings Inc Fails to Achieve Profitability Despite Revenue Surge in Third Quarter of 2023

Ryan Specialty Holdings Inc (NYSE: RYAN) recently announced its financial results for the third quarter of 2023, revealing a surge in revenue by 21.831% to $501.94 million compared to the previous year. While this growth in revenue may initially seem positive, a closer look at the numbers paints a concerning picture. The company has slipped into a deficit, reporting a loss of $-0.04 per share. This is a significant drop from the previous quarter's income per share of $0.26, indicating a worrisome trend.
Furthermore, the company's revenue deteriorated by -14.22% from $585.15 million, highlighting a decline in top-line growth. This decline in revenue may be a result of the company's decision to shift its focus towards improving sales in the third quarter of 2023. However, this strategy has not translated into increased profitability, as net profits fell by -46.37% to $15.703 million compared to the same period last year.
Ryan Specialty Holdings Inc's net margin also eased to 3.13%, indicating a decrease in profitability. While operating earnings did see a modest increase of 13.81% to $69.817 million, it is clear that the company is struggling to maintain sustainable profitability.
The decline in profitability is further exemplified by the company's accounts receivable, which have declined to $238.8 million from the previous quarter. Although this figure is higher than during the same period last year, it suggests that the company is facing challenges in collecting payment from its customers.






 

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