NYSE$RYAN

Ryan Specialty Group Holdings, Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Ryan Specialty Group reported second quarter 2021 results.

Ryan Specialty Group reported a strong second quarter in 2021, with total revenue increasing by 58.3% year-over-year to $390.0 million and organic revenue growth rate of 28.5%. Net income increased by 27.1% to $63.4 million. The company completed its initial public offering in July 2021.

  • Total Revenue grew 58.3% year-over-year to $390.0 million.
  • Organic Revenue Growth Rate was 28.5% for the quarter.
  • Net Income increased by 27.1% to $63.4 million.
  • Adjusted EBITDAC increased 79.4% to $140.5 million.

Headline financials

Total Revenue

$390M

Previous: $246M+58.3%
EPS (adj)

$0.35

Previous: $0.47-25.4%
Organic Revenue Growth

28.5%

Previous: 18.5%+54.1%
Capital Expenditures

-$3.94M

No prior period
Free Cash Flow

$59.5M

No prior period
Net Income

$63.4M

Previous: $49.9M+27.0%
Operating Income

$92.3M

Previous: $58.3M+58.3%
Gross Profit

$390M

Previous: $91.3M+326.8%
Cash & Equivalents

$308M

No prior period
Total Assets

$4.81B

No prior period

Revenue & EPS history

Ryan Specialty Group · Revenue · Quarterly

$390M

Q2 2021+58.3%vs Q2 2020
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

Ryan Specialty Group · $390M total across 3 segments · Q2 2021

  • Wholesale Brokerage
    $256M+48.8%
  • Underwriting Management
    $80.3M+89.4%
  • Binding Authority
    $53.6M+69.6%

Forward guidance

The Company is providing its full year 2021 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin:

Tailwinds

  • Organic Revenue Growth Rate for the full year 2021 is expected to be between 18.0% and 20.0%.
  • Adjusted EBITDAC Margin for the full year 2021 is expected to be between 30.0% and 30.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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