Ryan Specialty is reporting 15.8% growth in total revenue between Q4 2020 and Q4 2021.
The insurance firm said that among the other highlights were a 15.4% growth in organic revenue growth rate, down from 21.8% in Q4 2020. However, net income rose to $29.6m in Q4 2021 after a net loss in Q4 2020 of $3.5m. EBITDAC also increased 18.2% to $120.3m in Q4 2021 from $101.8m in Q4 2020.
Across the whole of 2021, Ryan Specialty said total revenue had grown 41% to $1.4bn, with the organic revenue growth rate reaching 22.4%, up from 20.4% across the whole of 2020.
Patrick G. Ryan, founder, chairman, and CEO of Ryan Specialty, said: “Our fourth quarter performance capped off a banner 2021, which is a true testament to the dedication and talent of our entire Ryan Specialty team. Another quarter of strong double-digit organic growth enabled us to record a second consecutive full year of over 20% organic revenue growth, a remarkable feat that clearly demonstrates the value our differentiated platform and world-class team provides our clients.”
He added: “Additionally, we improved margins once again on a year-over-year basis, further validating the scalability of our platform, and successfully completed the integration of All Risks into Ryan Specialty. As we progress through 2022, we remain well positioned to gain additional share of the expanding E&S market and are confident in our ability to continue delivering sustainable and profitable growth over the long term.”
Ryan Specialty released a detailed outline of its financial dealing over the year.
Regarding Q4 2021, it said that total revenue stood at $378.5m, up from $326.9m in Q4 2020.
It added: “This increase was primarily due to strong organic revenue growth of 15.4%, driven by new client wins, expanded relationships with existing clients, an overall expansion of the E&S market, and premium rate increases.”
Looking across the rest of 2022, Ryan Specialty said that it expected organic revenue growth of 13% to 15%, with an adjusted EBITDAC margin guidance for the year of 28% to 30%.
