Ryan Specialty Group Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
September 01, 2021 at 04:15 pm EDT
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Ryan Specialty Group Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total revenue of $390,012,000 against $246,324,000 a year ago. Operating income was $92,262,000 against $57,676,000 a year ago. Net income was $63,407,000 against $49,887,000 a year ago.
For the six months, the company reported total revenue of $701,470,000 against $454,516,000 a year ago. Operating income was $132,105,000 against $84,208,000 a year ago. Net income was $59,606,000 against $63,205,000 a year ago.
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Companyâs Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.
RYAN SPECIALTY HOLDINGS, INC. 
