• - Total Revenue grew 15.8% period-over-period to $378.5 million -
• - Organic Revenue Growth Rate of 15.4% period-over-period -
• - Net Income of $29.6 million, or $0.09 per diluted share -
• - Adjusted EBITDAC grew 18.2% period-over-period to $120.3 million -
• - Adjusted Net Income grew 24.1% period-over-period to $77.0 million, or $0.29 per diluted share -
• - Initiates 2022 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin -

CHICAGO--(BUSINESS WIRE)-- Ryan Specialty Group Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty” or the “Company”), a leading international specialty insurance firm, today announced results for the fourth quarter ended December 31, 2021.

Fourth Quarter 2021 Highlights

Total Revenue grew 15.8% period-over-period to $378.5 million, compared to $326.9 million in the prior-year period

Organic Revenue Growth Rate* was 15.4% for the quarter, compared to 21.8% for the same quarter last year

Net Income of $29.6 million, compared to Net Loss of $3.5 million in the prior-year period. Diluted Earnings per Share was $0.09

Adjusted EBITDAC* increased 18.2% to $120.3 million, compared to $101.8 million in the prior-year period

Adjusted EBITDAC Margin* rose 70 basis points period-over-period to 31.8%

Adjusted Net Income* increased 24.1% to $77.0 million, compared to $62.1 million in the prior-year period

Adjusted Diluted Earnings per Share for the fourth quarter of 2021 was $0.29

Full Year 2021 Highlights

Total Revenue grew 41% year-over-year to $1.4 billion, compared to $1.0 billion in the prior year

Organic Revenue Growth Rate* was 22.4%, compared to 20.4% for the prior year

Net Income of $56.6 million, compared to Net Income of $70.5 million in the prior year. Net Income for 2021 included $79.5 million of one-time costs incurred by the Company during 2021 related to the Company’s completed initial public offering (“IPO”)

Adjusted EBITDAC* increased 56.8% to $460.2 million, compared to $293.5 million in the prior year

Adjusted EBITDAC Margin* rose 330 basis points year-over-year to 32.1%

Adjusted Net Income* increased 56.5% to $290.1 million, compared to $185.4 million in the prior year

“Our fourth quarter performance capped off a banner 2021, which is a true testament to the dedication and talent of our entire Ryan Specialty team,” said Patrick G. Ryan, Founder, Chairman and Chief Executive Officer of Ryan Specialty Group. “Another quarter of strong double-digit organic growth enabled us to record a second consecutive full year of over 20% organic revenue growth, a remarkable feat that clearly demonstrates the value our differentiated platform and world-class team provides our clients. Additionally, we improved margins once again on a year-over-year basis, further validating the scalability of our platform, and successfully completed the integration of All Risks into Ryan Specialty. As we progress through 2022, we remain well positioned to gain additional share of the expanding E&S market and are confident in our ability to continue delivering sustainable and profitable growth over the long term.”

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