Ryan Specialty Group Holdings, Inc.
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|
|Address||Two Prudential Plaza 180 N. Stetson Avenue Suite 4600 Chicago, IL 60601|
|Phone Number||(312) 784-6001|
|View Prospectus:||Ryan Specialty Group Holdings, Inc.|
|Revenues||$1121.54 mil (last 12 months)|
|Net Income||$53.39 mil (last 12 months)|
|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 (A Stifel Company)|
|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|
|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|