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Dec 31, 2024
Ryan Specialty Group Q4 2024 Earnings Report
Ryan Specialty reported strong revenue growth but faced a decline in net income for Q4 2024.
Key Takeaways
Ryan Specialty Holdings reported a 24.5% year-over-year increase in revenue to $663.5 million. However, net income fell by 27.3% to $42.6 million due to higher expenses. Adjusted net income rose by 28.9% to $123.3 million, and adjusted diluted EPS increased to $0.45. The company also achieved an 11.0% organic revenue growth rate.
Revenue grew 24.5% year-over-year to $663.5 million.
Net income declined 27.3% to $42.6 million due to increased expenses.
Adjusted net income increased 28.9% to $123.3 million.
Organic revenue growth rate was 11.0% for the quarter.
Revenue by Segment
Forward Guidance
Ryan Specialty expects continued revenue growth in 2025, with organic revenue growth projected between 11.0% and 13.0%, and an adjusted EBITDAC margin of 32.5% to 33.5%.
Positive Outlook
- Organic revenue growth guidance for FY25 is 11.0% - 13.0%.
- Adjusted EBITDAC margin projected at 32.5% - 33.5%.
- Continued expansion through M&A strategy.
- Strong demand for specialty insurance products.
- Operational efficiencies expected to support margin expansion.
Challenges Ahead
- Higher operating expenses may impact profitability.
- Interest expenses expected to remain elevated.
- Macroeconomic uncertainties could affect growth.
- Competitive pressures in the specialty insurance market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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