NYSE$RYAN
Ryan Specialty Group Holdings, Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Ryan Specialty Group's financial performance in Q1 2022 reflected strong growth and profitability.
Ryan Specialty Group reported a strong first quarter in 2022, with revenue increasing by 24.2% year-over-year to $386.9 million and an organic revenue growth rate of 20.1%. Net income was $18.1 million, or $0.06 per diluted share, while adjusted net income grew 13.3% to $64.7 million, or $0.24 per diluted share.
- Total revenue increased by 24.2% year-over-year to $386.9 million.
- Organic revenue growth rate was 20.1% for the quarter.
- Net income reached $18.1 million, resulting in diluted earnings per share of $0.06.
- Adjusted net income grew by 13.3% to $64.7 million, with adjusted diluted earnings per share at $0.24.
Headline financials
Revenue & EPS history
Ryan Specialty Group · Revenue · Quarterly
$387M
Revenue by segment
Ryan Specialty Group · $387M total across 3 segments · Q1 2022
- Wholesale Brokerage$245M+28.1%63.3%
- Underwriting Management$78.9M+21.0%20.4%
- Binding Authority$63M+14.4%16.3%
Forward guidance
The Company is raising its full year 2022 outlook for both Organic revenue growth rate and Adjusted EBITDAC margin.
Tailwinds
- Organic revenue growth rate guidance range for the full year 2022 is now 13.5% – 15.5%, compared to the Company’s prior guidance range of 13.0% – 15.0%.
- Adjusted EBITDAC margin guidance range for the full year 2022 is now 28.5% – 30.0%, compared to the Company’s prior guidance range of 28.0% – 30.0%.
- The company continues to capitalize on opportunities presented by the ongoing expansion of the E&S market.
- Highlighting their clear value proposition.
- Focusing on client service and providing innovative solutions
Headwinds
- Potential failure to develop a succession plan for the senior management team, including Patrick G. Ryan
- The Company’s failure to recruit and retain revenue producers
- Cyclicality of, and the economic conditions in, the markets in which the Company operates
- Conditions that result in reduced insurer capacity
- Potential loss of the Company’s relationships with insurance carriers or its clients, becoming dependent upon a limited number of insurance carriers or clients or the failure to develop new insurance carrier and client relationships
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2022
-0.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+3.5%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+11.6%
Q1 2022
Best reaction
-22.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.5% | -15.5% | -8.6% | |
| Q3 2025 | +8.1% | +9.4% | +14.6% | |
| Q1 2025 | +3.2% | +9.4% | +10.4% | |
| Q4 2024 | -4.7% | +0.6% | +3.6% | |
| Q3 2024 | -5.9% | -3.5% | +7.7% | |
| Q2 2024 | +11.3% | +4.7% | +4.9% | |
| Q1 2024 | -1.8% | -0.5% | +5.9% | |
| Q4 2023 | +7.8% | +13.9% | +17.9% | |
| Q3 2023 | +2.6% | +2.6% | +4.5% | |
| Q2 2023 | -2.0% | -1.6% | +11.1% | |
| Q1 2023 | +2.8% | +5.3% | +2.1% | |
| Q4 2022 | -3.8% | -5.2% | -7.9% | |
| Q3 2022 | -22.5% | -22.7% | -7.0% | |
| Q2 2022 | -0.6% | +0.4% | -5.9% | |
| Q1 2022 | +11.6% | +13.3% | +5.6% | |
| Q4 2021 | -10.7% | -7.9% | +0.3% | |
| Q3 2021 | +7.5% | +2.2% | +2.3% | |
| Q2 2021 | +2.4% | +4.7% | +1.8% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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