14th August 2022

Ryan Specialty reports revenue and net income up in second quarter

Ryan Specialty Holdings has announced results for the second quarter-highlights are:
-Revenue grew 26% year-over-year to $491.3m
-Organic Revenue Growth Rate was 22.3% for the quarter, compared to 28.5%
-Net Income increased 10.6% to $70.m($63.4m)
“Our second quarter performance once again demonstrated the strength and reliability of our differentiated business model. I am proud of our strong results, and we continue to have a long runway ahead of us,” said Patrick G. Ryan, founder, chairman and ceo of Ryan Specialty. “We delivered another quarter of outstanding revenue growth, led by an impressive 22.3% organic growth. Our teammates continue to outperform by innovating with new products and solutions and winning a substantial amount of new business. We remain confident that our proven ability to execute will enable us to continue to generate strong profitability over the long-term and outperform through various economic cycles.”

Ryan Specialty Trends(19 articles)