CHICAGO (AP) — CHICAGO (AP) — Ryan Specialty Group Holdings Inc. (RYAN) on Thursday reported second-quarter profit of $108.4 million.
The Chicago-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The insurance company posted revenue of $916.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $873.7 million.
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