Ryan Specialty Holdings, Inc. · NYSE:RYAN

Ryan Specialty — Merger or Acquisition (August 2024)

9 slides from Ryan Specialty's merger presentation, August 2024

  1. Slide 1: Ryan Specialty's Acquisition of US Assure

    RYAN SPECIALTY'S ACQUISITION OF US ASSURE AUGUST 2024

  2. Slide 2: Disclaimer

    DISCLAIMER Forward-Looking Statements: This presentation by Ryan Specialty Holdings, Inc. (the “Company,” “we,” “us”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve substantial risks and uncertainties and that reflect the

  3. Slide 3: Transaction Highlights

    TRANSACTION HIGHLIGHTS  Ryan Specialty is acquiring US Assure Insurance Services of FL, Inc. (“US Assure”)  Strategic Rationale:  Expands Ryan Specialty’s Relationships and Total Addressable Market: US Assure meaningfully increases our footprint in the Programs segment of Delegated Underwriting A

  4. Slide 4: Expands Delegated Authority Footprint

    EXPANDS DELEGATED AUTHORITY FOOTPRINT RYAN SPECIALTY US ASSURE COMBINED STAND ALONE1 Underwriting Underwriting Underwriting Management Management Other <1% Management 28% 24% 99% Delegated Delegated Authority Authority 38% 41% Binding Binding Authority Wholesale Authority Wholesale 14% Brokerage 13%

  5. Slide 5: US Assure Brings SME Builders Risk Capabilities to RSUM

    US ASSURE BRINGS SME BUILDERS RISK CAPABILITIES TO RSUM COMPANY OVERVIEW KEY METRICS  Highly respected in Builder’s Risk for residential and commercial projects 20,000+ 25+ years ~150K  Appetite includes new construction, remodeling and installation projects Broker Relationships Online Portal Poli

  6. Slide 6: The US Assure Acquisition Is Aligned with Ryan Specialty's Strategy

    THE US ASSURE ACQUISITION IS ALIGNED WITH RYAN SPECIALTY’S STRATEGY 1 • Adds connectivity with SME-focused brokers and agents where Ryan Specialty can drive deeper, more multi-faceted relationships Expands Ryan Specialty’s • Significantly expands ability to serve smaller contractors and the resident

  7. Slide 7: US Assure Is Poised to Thrive Within the Ryan Specialty Ecosystem

    US ASSURE IS POISED TO THRIVE WITHIN THE RYAN SPECIALTY ECOSYSTEM Numerous levers available to improve organic growth at US Assure Double digit organic growth + + + + + +  Ryan Specialty's Capabilities US Assure Brings a Unique Expected to Increase US Product Innovation and New Retail Base Assure’s

  8. Slide 8: Key Transaction Terms

    KEY TRANSACTION TERMS • Ryan Specialty acquiring 100% of the equity interests of US Assure Insurance Services of Florida, Inc. Transaction • Structured as an asset purchase for tax purposes Management & • Following transaction close, US Assure’s leadership and teammates will join Ryan Specialty Orga

  9. Slide 9: US Assure Financials

    US ASSURE FINANCIALS $M LTM Jun-24 2024E Sep-24E 4Q24E Net commissions & fees 96.0 99.0 8.5 23.0 Profit commissions1 42.6 20.0 - 12.5 Interest income 3.4 3.5 0.5 1.0 Net revenue 142.1 122.5 9.0 36.5 Net income 81.5 Interest expense / (income) (1.8) Income taxes 3.3 Depreciation 0.7 Amortization 0.1

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