Strong Revenue Growth
Total revenue grew 23% year-over-year to $855 million, driven by organic revenue growth of 7.1% and significant M&A contributions adding 13 percentage points.
Adjusted EBITDAC and Margin Expansion
Adjusted EBITDAC increased by 24.5% to $308 million, with a margin expansion of 50 basis points to 36.1%.
Successful M&A Activity
Closed acquisitions of USQRisk, 360° Underwriting, and JM Wilson, contributing over 55 percentage points of growth to the top line of the Underwriting Management specialty.
Strategic Alliance with Nationwide
Expanded the strategic alliance with Nationwide, including Ryan Re being Nationwide's exclusive reinsurance MGU in their reinsurance renewal rights deal with Markel.
Strong Casualty Growth
Continued strong performance in casualty lines, with excellent new business and high renewal retention in areas like transportation, habitational risks, and public entities.