$ryan blew through its 260m buyback authorization in Q2 and authorized an additional 300m in buybacks. 8.6B market cap. Still growing revs 20%. I can wait the soft P&C market out.
@KILLTOPARTY Put this bad boy into Gemini and asked it to identify where the author is from based upon the grammatical style and syntax….. the swirling load screen had ‘pinpointing south Asian’ on it within a second lol.
@bebop_cap $AON and $MMC convert mid 90% of their Net Income to FCF. Insurance brokerage is an asset-lite business. $RYAN is using its revenue to organically grow the business and do M&A. As $RYAN matures its EBIT margin should remain around 30% should end up at mid 90%.
It’s time to buy $ryan. 24.8% revenue growth. 15% organic rev growth. EBIT margin at 29%+. The wholesale business should long term allow them to convert free cash flow at higher levels than even the big boys $aon and $mmc. The open AI announcement is bullshit.