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Ryan Specialty Holdings, Inc. (RYAN) 10-Year Financial Performance & Capital Metrics

RYAN • • Insurance & Managed Care
Financial ServicesSpecialty InsuranceInsurance Services & DistributionWholesale Insurance Brokers
AboutRyan Specialty Group Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. The company was founded in 2010 and is headquartered in Chicago, Illinois.Show more
  • Revenue $2.52B +21.1%
  • Combined Ratio 89.17% +0.7%
  • Net Income $95M +55.1%
  • Return on Equity 9.11% +34.2%
  • Medical Cost Ratio 0%
  • Operating Margin 10.83% -5.4%
  • Net Margin 3.76% +28.1%
  • ROA 1.12% +25.1%
  • Equity / Assets 11.38% -15.8%
  • Book Value per Share 8.26 +6.1%
  • Tangible BV/Share -22.76 -124.0%
  • Debt/Equity 3.15 +43.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗High debt to equity ratio of 3.2x
  • ✗Weak momentum: RS Rating 18 (bottom 18%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y26.88%
3Y20.64%
TTM24.25%

Profit (Net Income) CAGR

10Y-
5Y8.09%
3Y12.85%
TTM-33.33%

EPS CAGR

10Y-
5Y3.42%
3Y4.62%
TTM-46.68%

ROCE

10Y Avg5.62%
5Y Avg4.96%
3Y Avg5.49%
Latest3.23%

Peer Comparison

Wholesale Insurance Brokers
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RYANRyan Specialty Holdings, Inc.6.5B50.4871.1021.09%2.33%5.62%7.2%3.15

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+765.11M1.02B1.43B1.73B2.08B2.52B
Revenue Growth %-0.33%0.41%0.2%0.2%0.21%
Medical Costs & Claims+000000
Medical Cost Ratio %------
Gross Profit+765.11M1.02B1.43B1.73B2.08B2.52B
Gross Margin %------
Gross Profit Growth %-0.33%0.41%0.2%0.2%0.21%
Operating Expenses+697.13M938.81M1.37B1.55B1.84B2.24B
OpEx / Revenue %------
Depreciation & Amortization53.1M67.5M112.68M109.29M115.84M167.63M
Combined Ratio %------
Operating Income+67.98M79.47M61.56M179.19M237.93M272.55M
Operating Margin %------
Operating Income Growth %-0.17%-0.23%1.91%0.33%0.15%
EBITDA+121.08M146.97M174.25M288.48M353.76M440.18M
EBITDA Margin %------
Interest Expense35.55M47.24M79.35M104.83M119.51M158.45M
Non-Operating Income-35.55M-47.24M-79.35M-104.83M-119.51M-158.45M
Pretax Income+67.98M79.47M61.56M179.19M237.93M272.55M
Pretax Margin %------
Income Tax+4.93M8.95M4.93M15.94M43.45M42.64M
Effective Tax Rate %------
Net Income+64.17M68.1M65.87M61.05M61.04M94.67M
Net Margin %------
Net Income Growth %-0.06%-0.03%-0.07%-0%0.55%
EPS (Diluted)+0.600.640.620.610.520.71
EPS Growth %-0.07%-0.03%-0.02%-0.15%0.37%
EPS (Basic)0.600.640.621.500.570.78
Diluted Shares Outstanding106.49M106.49M105.73M265.75M125.75M132.89M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+2.19B4.53B5.46B6.38B7.25B9.65B
Asset Growth %-1.07%0.21%0.17%0.14%0.33%
Total Investment Assets+22.52M47.22M45.42M84.37M75.77M84.81M
Long-Term Investments22.52M47.22M45.42M84.37M75.77M70.88M
Short-Term Investments000000
Total Current Assets+1.42B2.49B3.01B3.89B4.34B0
Cash & Equivalents52.02M312.65M386.96M992.72M838.79M540.2M
Receivables1000K1000K1000K1000K1000K1000K
Other Current Assets1.22B1.99B2.39B2.64B3.17B-4.79B
Goodwill & Intangibles+693.75M1.83B1.88B1.8B2.26B4.12B
Goodwill528.51M1.22B1.31B1.31B1.65B2.65B
Intangible Assets165.24M604.76M573.93M486.44M610.67M1.48B
PP&E (Net)11.56M111.36M100.16M175.14M170.13M183.47M
Other Assets41.26M48.49M418.92M428.73M408.56M-4.38B
Total Liabilities2.13B4.21B4.86B5.57B6.27B8.55B
Total Debt+669.27M1.69B1.68B2.16B2.16B3.46B
Net Debt617.26M1.38B1.3B1.16B1.32B2.92B
Long-Term Debt660.03M1.57B1.57B1.95B1.94B3.23B
Short-Term Debt9.25M19.01M23.43M30.59M35.37M51.73M
Total Current Liabilities+1.43B2.47B2.92B3.13B3.74B0
Accounts Payable45.93M70.15M83.9M87.02M127.39M0
Deferred Revenue000000
Other Current Liabilities1.22B2.01B2.41B2.64B3.14B-73.84M
Deferred Taxes000001000K
Other Liabilities39.23M86.41M304.78M327.72M424.97M-3.43B
Total Equity+63.15M320.23M594.78M817.81M979.64M1.1B
Equity Growth %-4.07%0.86%0.37%0.2%0.12%
Shareholders Equity64.26M318.93M343.77M478.4M559.75M627.66M
Minority Interest-1.11M1.3M251M339.41M419.89M470.62M
Retained Earnings-173.75M0-7.06M53.99M114.42M122.94M
Common Stock97.5M0259K259K261K261K
Accumulated OCI864K69.79M1.71M6.03M3.08M-1.8M
Return on Equity (ROE)1.02%0.36%0.14%0.09%0.07%0.09%
Return on Assets (ROA)0.03%0.02%0.01%0.01%0.01%0.01%
Equity / Assets------
Debt / Equity10.60x5.27x2.83x2.64x2.20x3.15x
Book Value per Share0.593.015.633.087.798.26
Tangible BV per Share------

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+149.51M135.39M273.49M335.51M477.2M514.87M
Operating CF Growth %--0.09%1.02%0.23%0.42%0.08%
Operating CF / Revenue %------
Net Income63.06M70.51M56.63M163.26M194.48M229.91M
Depreciation & Amortization53.1M67.5M112.68M109.29M115.84M167.63M
Stock-Based Compensation8.15M10.8M67.53M77.48M69.74M79M
Deferred Taxes-800K203K-1.15M14.54M36.66M24.22M
Other Non-Cash Items5.56M27.89M67.23M45.94M22.59M43.49M
Working Capital Changes20.44M-41.51M-29.44M-74.99M37.9M-29.38M
Cash from Investing+-148M-768.51M-457.94M-22.42M-476.23M-1.76B
Capital Expenditures-7.99M-12.5M-9.78M-15.04M-29.78M-47M
Acquisitions-144.4M-741.46M-108.88M0-446.68M-1.71B
Purchase of Investments000000
Sale/Maturity of Investments000000
Other Investing4.39M-14.55M-339.27M-7.38M228K0
Cash from Financing+62.27M1.13B429.28M314.76M-12.61M1.17B
Dividends Paid-72.29M-50.12M0-39.88M0-80.24M
Share Repurchases-3.17M-52.56M-967.85M-7.17M00
Stock Issued001.45B000
Debt Issuance (Net)1000K1000K-1000K1000K-1000K1000K
Other Financing58.91M176.2M45.03M-15.66M3.89M-37.55M
Net Change in Cash+64.05M493.54M243.96M627.72M-11.05M-75.53M
Exchange Rate Effect265K1000K-883K-126K584K-1000K
Cash at Beginning338.11M402.16M895.7M1.14B1.77B1.76B
Cash at End402.16M895.7M1.14B1.77B1.76B1.68B
Free Cash Flow+141.52M122.89M263.71M320.47M447.43M467.87M
FCF Growth %--0.13%1.15%0.22%0.4%0.05%
FCF Margin %------
FCF per Share1.331.152.491.213.563.52

Key Ratios

Metric201920202021202220232024
Combined Ratio91.11%92.2%95.7%89.61%88.55%89.17%
Medical Cost Ratio0%0%0%0%0%0%
Return on Equity (ROE)101.6%35.53%14.4%8.64%6.79%9.11%
Return on Assets (ROA)2.93%2.03%1.32%1.03%0.9%1.12%
Equity / Assets2.88%7.07%10.9%12.81%13.52%11.38%
Book Value / Share0.593.015.633.087.798.26
Debt / Equity10.60x5.27x2.83x2.64x2.20x3.15x
Revenue Growth-33.09%40.71%20.41%20.42%21.09%

Revenue by Segment

2021202220232024
Wholesale Brokerage931.98M1.13B1.32B1.49B
Wholesale Brokerage Growth-21.17%16.81%12.89%
Underwriting Management290.58M351.57M431.58M646.22M
Underwriting Management Growth-20.99%22.76%49.73%
Binding Authorities209.62M231.05M275.96M320.38M
Binding Authorities Growth-10.22%19.44%16.10%

Revenue by Geography

2021202220232024
UNITED STATES---2.39B
UNITED STATES Growth----
Non-US---123.73M
Non-US Growth----

Frequently Asked Questions

Valuation & Price

Ryan Specialty Holdings, Inc. (RYAN) has a price-to-earnings (P/E) ratio of 71.1x. This suggests investors expect higher future growth.

Growth & Financials

Ryan Specialty Holdings, Inc. (RYAN) grew revenue by 21.1% over the past year. This is strong growth.

Yes, Ryan Specialty Holdings, Inc. (RYAN) is profitable, generating $69.2M in net income for fiscal year 2024 (3.8% net margin).

Dividend & Returns

Yes, Ryan Specialty Holdings, Inc. (RYAN) pays a dividend with a yield of 1.20%. This makes it attractive for income-focused investors.

Ryan Specialty Holdings, Inc. (RYAN) has a return on equity (ROE) of 9.1%. This is below average, suggesting room for improvement.

Industry Metrics

Ryan Specialty Holdings, Inc. (RYAN) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.

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