Ryan Specialty Group Holdings, Inc.
General Information | |
Business: | Founded by Patrick G. Ryan in 2010, we are a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. We provide distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. For retail insurance brokers, we assist in the placement of complex or otherwise hard-to-place risks. For insurance carriers, we work with retail and wholesale insurance brokers to source, onboard, underwrite and service these same risks. A significant majority of the premiums we place are bound in the E&S (excess and surplus) market, which includes Lloyd’s of London (“Lloyd’s”). Our business was founded to address the growing need for specialists in the increasingly important E&S market. For the year ended Dec. 31, 2020, 70.6% of the total premiums we placed were in the E&S market. The growing relevance of the E&S market has been driven by the rapid emergence of complex high-hazard risks across many insurance lines. This trend continued in 2020, with a record 30 named storms during the 2020 Atlantic hurricane season, over 10.3 million acres burned through wildfires in the United States, escalating jury verdicts, a proliferation of cyber threats, novel health risks and the economy’s transformation to a “digital first” mode of doing business. (Note: Ryan Specialty Group Holdings priced its IPO on July 21, 2021, at $23.50 – the mid-point of its $22-to-$25 price range on 56.9 million shares to raise $1,337.15 million – or $1.34 billion.) |
Industry: | Specialty Insurance - brokers, agents and carriers |
Employees: | 3313 |
Founded: | 2010 |
Contact Information | |
Address | Two Prudential Plaza 180 N. Stetson Avenue Suite 4600 Chicago, IL 60601 |
Phone Number | (312) 784-6001 |
Web Address | http://www.ryansg.com/ |
View Prospectus: | Ryan Specialty Group Holdings, Inc. |
Financial Information | |
Market Cap | $6007.78mil |
Revenues | $1121.54 mil (last 12 months) |
Net Income | $53.39 mil (last 12 months) |
IPO Profile | |
Symbol | RYAN |
Exchange | NYSE |
Shares (millions): | 56.9 |
Price range | $23.50 - $23.50 |
Est. $ Volume | $1337.2 mil |
Manager / Joint Managers | J.P. Morgan/ Barclays/ Goldman Sachs/ Wells Fargo Securities/ UBS Investment Bank/ William Blair/ RBC Capital Markets/ BMO Capital Markets/ Keefe, Bruyette & Woods |
CO-Managers | Dowling & Partners Securities/ Nomura/ Capital One Securities/ CIBC Capital Markets/ Loop Capital Markets/ PNC Capital Markets/ Ramirez & Co./ Siebert Williams Shank |
Expected To Trade: | 7/22/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |