Loading...
•
Sep 30, 2022
Ryan Specialty Group Q3 2022 Earnings Report
Ryan Specialty Group's Q3 2022 performance was marked by revenue growth and profitability.
Key Takeaways
Ryan Specialty Group reported a 16.8% increase in total revenue, reaching $412.0 million, driven by a 13.7% organic revenue growth rate. Net income increased to $29.3 million, with diluted earnings per share at $0.09. Adjusted EBITDAC grew by 11.2% to $116.8 million, and adjusted net income rose by 5.7% to $66.6 million, resulting in adjusted diluted earnings per share of $0.25.
Total revenue increased by 16.8% year-over-year to $412.0 million.
Organic revenue growth rate was 13.7% for the quarter.
Net income increased to $29.3 million, with diluted earnings per share at $0.09.
Adjusted EBITDAC increased 11.2% to $116.8 million.
Ryan Specialty Group
Ryan Specialty Group
Ryan Specialty Group Revenue by Segment
Revenue by Segment
Wholesale Brokerage Revenue
CapyFin.comBinding Authorities Revenue
CapyFin.comUnderwriting Management Revenue
CapyFin.com Forward Guidance
The Company is adjusting its full year 2022 outlook for Organic revenue growth rate and Adjusted EBITDAC margin.
Positive Outlook
- Organic revenue growth rate guidance range for the full year 2022 is now 14.5 – 16.0%.
- Adjusted EBITDAC margin guidance range for the full year 2022 is now 29.5% - 30.0%.
Challenges Ahead
- Considering current and developing market factors impacting the binding of project-based construction and M&A transactional liability policies.
- Observed shifts in the market for public company D&O insurance.