Earnings release
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RSG RYAN SPECIALTY GROUP RYAN SPECIALTY GROUP REPORTS THIRD QUARTER 2021 RESULTS - - Total Revenue grew 49.0 % year - over - year to $ 352.8 million - - Organic Revenue Growth Rate of 28.9 % year - over - year- - Net Loss of $ 32.6 million related to one - time costs of Initial Public Offering - - Adjusted EBITDAC grew 55.9 % year - over - year to $ 105.0 million - - Adjusted Net Income grew 51.1 % year - over - year to $ 62.9 million - - -Raised full year 2021 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin - NOVEMBER 11 , 2021 | CHICAGO , IL Ryan Specialty Group Holdings , Inc. ( NYSE : RYAN ) ( " Ryan Specialty " or the " Company " ) , a leading international specialty insurance firm , today announced results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Highlights • Total Revenue grew 49.0 % year - over - year to $ 352.8 million , compared to $ 236.8 million in the prior - year period • Organic Revenue Growth Rate * was 28.9 % for the quarter , compared to 13.6 % for the same quarter last year • Net Loss of $ 32.6 million , compared to Net Income of $ 10.8 million in the prior - year period . Net Loss included $ 58.6 million of one - time costs incurred by the Company in the third quarter of 2021 primarily related to the Company's completed initial public offering ( " IPO ” ) . Net Loss per Share was $ 0.16 • Adjusted EBITDAC * increased 55.9 % to $ 105.0 million , compared to $ 67.4 million in the prior - year period • Adjusted EBITDAC Margin * rose 140 basis points year - over - year to 29.8 % • Adjusted Net Income * increased 51.1 % to $ 62.9 million , compared to $ 41.7 million in the prior - year period . Adjusted Diluted Earnings per Share for the third quarter of 2021 was $ 0.24 " The Ryan Specialty team didn't miss a beat as we completed our IPO and debuted on the NYSE , " said Patrick G. Ryan , Founder , Chairman and Chief Executive Officer of Ryan Specialty Group . " We delivered a very strong financial performance across the board , with organic revenue growth for the quarter eclipsing 28 % driven by our extraordinary talent , differentiated platform , ongoing broker consolidation , and a robust E & S market . In addition , our platform's scalability facilitated another quarter of improved margins on a year - over - year basis . With the integration of All Risks in the home stretch and our exceptionally talented team of specialists , we are well positioned to maintain our momentum and execute on all phases of our game plan . " 1