Ryan Specialty Holdings, an international specialty insurance firm, has announced its earnings results for the fourth quarter of 2022.
Fourth quarter highlights include:
Highlights for the full year 2022 included:
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“The Ryan Specialty team ended 2022 on a strong note, as another quarter of double-digit organic growth enabled us to generate 16% organic revenue growth for the full year, an outstanding accomplishment considering the progressively challenging macro environment throughout the year,” said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty. “This performance is continued validation of our differentiated business model and the strong execution from our world-class teammates throughout the year on behalf of our clients. As we look ahead to 2023, we see clear opportunities to invest in our business and optimize our operations to create additional efficiencies and enhance our platform in order to capitalize on growth opportunities while accelerating margins in the mid-to-long term. We remain well-positioned with our strong balance sheet and E&S focus to continue expanding our market share, generating profitable growth and delivering long-term value for our investors.”
Ryan Specialty continued to grow in 2022. In April, the company struck a deal with Nationwide for access to additional capacity to support alternative risk placement.
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