Ryan Specialty Hldgs Inc Stock Price, News & Analysis

Ryan Specialty Holdings, Inc. (NYSE: RYAN) is set to release its First Quarter 2023 financial results on May 4, 2023, after market close. A conference call will follow at 5:00 PM Eastern Time to discuss these results. Investors can access the live webcast through Ryan Specialty’s investor relations website. The firm, established in 2010, specializes in providing innovative specialty insurance solutions as a wholesale broker and managing underwriter.

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.