Ryan Specialty Group Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
March 15, 2022 at 04:18 pm EDT
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Ryan Specialty Group Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 378.54 million compared to USD 326.95 million a year ago. Net income was USD 29.62 million compared to net loss of USD 3.49 million a year ago. Basic earnings per share from continuing operations was USD 0.1. Diluted earnings per share from continuing operations was USD 0.09.
For the full year, revenue was USD 1,432.77 million compared to USD 1,018.27 million a year ago. Net income was USD 56.63 million compared to USD 70.51 million 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. 
