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Ryan Specialty Q2 Adjusted Earnings, Revenue Rise; Agrees to Acquire US Assure Insurance Services of Florida
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Ryan Specialty Q2 Adjusted Earnings, Revenue Rise; Agrees to Acquire US Assure Insurance Services of Florida
Aug 1, 2024 2:27 PM

04:56 PM EDT, 08/01/2024 (MT Newswires) -- Ryan Specialty Holdings ( RYAN ) reported Q2 adjusted diluted earnings late Thursday of $0.58 per share, up from $0.45 a year earlier.

Analysts polled by Capital IQ expected $0.57.

Revenue for the quarter ended June 30 was $695.4 million, up from $585.1 million a year ago.

Analysts polled by Capital IQ expected $693.1 million.

The company said its board maintained a quarterly dividend of $0.11 per Class A share, payable Aug. 27 to shareholders of record on Aug. 13.

Separately, the company said it has agreed to acquire US Assure Insurance Services of Florida.

Financial terms of the acquisition were not disclosed.

The transaction is expected to close in Q3, subject to closing conditions, the company said.

Price: 62.00, Change: -0.51, Percent Change: -0.82

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