Earnings release
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RSG RYAN SPECIALTY GROUP RYAN SPECIALTY GROUP REPORTS SECOND QUARTER 2021 RESULTS Total Revenue grew 58.3 % year over year to $ 390.0 million Organic Revenue Growth Rate of 28.5 % year over year Net Income grew 27.1 % year over year to $ 63.4 million Adjusted EBITDAC increased 79.4 % year over year to $ 140.5 million Adjusted Net Income grew 73.5 % year over year to $ 92.3 million Completed Initial Public Offering in July 2021 Provides full year 2021 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin September 1 , 2021 | CHICAGO , IL Ryan Specialty Group Holdings , Inc. ( NYSE : RYAN ) ( " Ryan Specialty " or the " Company " ) , a leading international specialty insurance organization , today announced results for the second quarter ended June 30 , 2021. The Company completed its initial public offering on July 26 , 2021 , and the results detailed below reflect the pre IPO organizational structure . Second Quarter 2021 Highlights Total Revenue grew 58.3 % year over year to $ 390.0 million , compared to $ 246.3 million in the prior year period Organic Revenue Growth Rate * was 28.5 % for the quarter , compared to 18.5 % for the same quarter last year Net Income increased by 27.1 % to $ 63.4 million , compared to $ 49.9 million in the prior year period Net Income Margin was 16.3 % , compared to 20.3 % in the prior year period Adjusted EBITDAC * increased 79.4 % to $ 140.5 million , compared to $ 78.3 million in the prior year period Adjusted EBITDAC Margin * rose 420 basis points year over year to 36.0 % Adjusted Net Income * increased 73.5 % to $ 92.3 million , compared to $ 53.2 million in the prior year period " We had an outstanding second quarter , " said Patrick G. Ryan , Founder , Chairman and Chief Executive Officer of Ryan Specialty Group . " We made significant progress in the quarter in all facets of our business , and this momentum continued into the third quarter with the successful completion of our IPO , a major milestone in the continuing evolution of our organization . During the second quarter , we further advanced the integration of All Risks throughout our organization and the impact of that acquisition continues to resonate in the marketplace . We generated another quarter of strong double digit organic revenue growth , fueled by our scaled distribution platform and expertise , both of which set us apart from our peers . We also continue to benefit from retail broker consolidation , further consolidation of wholesale broker panels , and a rapidly growing E & S market . We remain excited about the numerous opportunities we see for continued growth and investment in our capabilities , our technology and our talent in order to drive long term shareholder value creation . " 1