Earnings summaries and quarterly performance for RYAN SPECIALTY HOLDINGS.
Executive leadership at RYAN SPECIALTY HOLDINGS.
Timothy W. Turner
Detailed
Chief Executive Officer
CEO
Benjamin M. Wuller
Detailed
CEO Ryan Specialty Underwriting Managers
Brendan M. Mulshine
Detailed
Executive Vice President and Chief Revenue Officer
Janice M. Hamilton
Detailed
Chief Financial Officer
Jeremiah R. Bickham
Detailed
President
Mark S. Katz
Detailed
Executive Vice President, General Counsel, and Corporate Secretary
Michael L. Conklin
Detailed
Executive Vice President and Chief Human Resources Officer
Patrick G. Ryan
Detailed
Executive Chairman of the Board of Directors
Board of directors at RYAN SPECIALTY HOLDINGS.
Anthony J. Kuczinski
Detailed
Director
D. Cameron Findlay
Detailed
Lead Director
David P. Bolger
Detailed
Director
Francesca Cornelli
Detailed
Director
Henry S. Bienen
Detailed
Director
John W. Rogers, Jr.
Detailed
Director
Michael D. O’Halleran
Detailed
Director
Michelle L. Collins
Detailed
Director
Nicholas D. Cortezi
Detailed
Director
Patrick G. Ryan, Jr.
Detailed
Director
Robert Le Blanc
Detailed
Director
Research analysts who have asked questions during RYAN SPECIALTY HOLDINGS earnings calls.
Elyse Greenspan
Wells Fargo
4 questions for RYAN
Also covers: ACGL, AFL, AHL +30 more
Meyer Shields
Keefe, Bruyette & Woods
4 questions for RYAN
Also covers: ACGL, AFG, AIG +24 more
Robert Cox
The Goldman Sachs Group, Inc.
4 questions for RYAN
Also covers: AHL, AIG, AJG +12 more
Alex Scott
Barclays PLC
3 questions for RYAN
Also covers: ACGL, AFL, AIG +29 more
Michael Zaremski
BMO Capital Markets
3 questions for RYAN
Also covers: ACGL, AFG, AIG +25 more
Andrew Kligerman
TD Cowen
2 questions for RYAN
Also covers: ABL, ACGL, AJG +21 more
Brian Meredith
UBS
1 question for RYAN
Also covers: ACGL, AIG, AIZ +17 more
Grace Carter
BofA Securities
1 question for RYAN
Also covers: AJG, AON, BRO +3 more
Josh Shanker
Bank of America
1 question for RYAN
Also covers: ACGL, ALL, AXS +11 more
Katie Sakys
Autonomous Research
1 question for RYAN
Also covers: AJG, EG, GSHD +5 more
Wesley Carmichael
Autonomous Research
1 question for RYAN
Also covers: ACGL, AFL, BHF +16 more
Recent press releases and 8-K filings for RYAN.
Ryan Specialty Holdings Reports Strong Q3 2025 Results, Updates Guidance, and Announces Acquisitions
RYAN
Earnings
Guidance Update
M&A
- Ryan Specialty Holdings delivered strong Q3 2025 financial results, with total revenue growing 25% to $755 million, driven by 15% organic revenue growth and 10% from M&A. Adjusted EBITDA increased 23.8% to $236 million, and adjusted earnings per share grew 14.6% to $0.47.
- The company is making significant strategic investments in talent, de novo formations, innovative products, M&A, and technology, which are expected to create near-to-medium-term margin pressure. Consequently, the 2027 timeline for the 35% adjusted EBITDA margin target has been deferred.
- For full-year 2025, Ryan Specialty Holdings anticipates double-digit organic growth and an adjusted EBITDA margin that could be flat to modestly down compared to the prior year. Margin pressures from investments are expected to continue into 2026 and early 2027.
- M&A activity in Q3 2025 included the acquisition of J.M. Wilson and the announced acquisition of Stewart Specialty Risk Underwriting (SSRU), which has approximately $13 million in annual revenue.
Oct 30, 2025, 8:45 PM
Ryan Specialty Announces Q3 2025 Financial Results
RYAN
Earnings
Dividends
M&A
- Ryan Specialty reported $3.0 billion in LTM Total Revenue as of September 30, 2025, reflecting 24.2% YTD Total Revenue Growth and 11.4% YTD Organic Revenue Growth for the period.
- The company achieved an LTM Adjusted EBITDAC of $960.5 million with a 32% Adjusted EBITDAC Margin as of September 30, 2025.
- As of September 30, 2025, net leverage on a credit basis stood at 3.4x. The company also increased its regular quarterly dividend by 9% to $0.12/share in February 2025 and received a Moody's corporate family rating upgrade to Ba3 in August 2025, resulting in a 25bps savings in borrowing margin.
- Ryan Specialty has completed acquisitions totaling $115 million in revenue thus far in 2025.
Oct 30, 2025, 8:45 PM
Ryan Specialty Holdings Inc. Reports Strong Q3 2025 Results, Adjusts Margin Outlook for Strategic Investments
RYAN
Earnings
Guidance Update
New Projects/Investments
- Ryan Specialty Holdings Inc. reported strong Q3 2025 results, with total revenue growing 25% and organic revenue growth of 15%. Adjusted EBITDA increased by 23.8% to $236 million, and adjusted earnings per share grew 14.6% to $0.47.
- The company expects to deliver another year of double-digit organic growth in 2025 and is well-positioned to sustain similar levels into 2026.
- For full-year 2025, adjusted EBITDA margin is guided to be roughly flat to modestly down compared to the prior year, reflecting significant investments in talent, de novo formations, and technology.
- Due to these strategic investments and growth opportunities, Ryan Specialty is deferring the 2027 timeline for its previously communicated 35% adjusted EBITDA margin target. Margin pressures are expected to continue into 2026.
- Growth was primarily driven by strength in casualty across all three specialties and modest growth in property, despite continued property pricing headwinds.
Oct 30, 2025, 8:45 PM
Ryan Specialty Holdings Inc. Reports Strong Q3 2025 Results and Updates Margin Guidance
RYAN
Earnings
Guidance Update
New Projects/Investments
- Ryan Specialty Holdings Inc. reported strong Q3 2025 financial results, with total revenue growing 25% to $755 million and organic revenue growth of 15%. Adjusted EBITDA increased 23.8% to $236 million, and adjusted earnings per share grew 14.6% to $0.47.
- The company anticipates delivering double-digit organic growth for the full year 2025 and expects to sustain this level into 2026.
- For full-year 2025, the adjusted EBITDA margin is now guided to be flat to modestly down compared to the prior year, and the 2027 target of 35% adjusted EBITDA margin has been deferred.
- This revised margin outlook reflects significant strategic investments in talent recruitment and technology, which are considered crucial for long-term growth and value creation. M&A also remains a top priority and contributed nearly 10% to the Q3 top line.
Oct 30, 2025, 8:45 PM
Ryan Specialty Holdings, Inc. Reports Strong Third Quarter 2025 Results
RYAN
Earnings
Dividends
Revenue Acceleration/Inflection
- Ryan Specialty Holdings, Inc. reported total revenue of $754.6 million for the third quarter ended September 30, 2025, an increase of 24.8% year-over-year, with an Organic Revenue Growth Rate of 15.0%.
- Net Income for Q3 2025 increased 118.6% year-over-year to $62.6 million, with Diluted Earnings Per Share at $0.20.
- Adjusted EBITDAC grew 23.8% year-over-year to $235.5 million, and Adjusted Diluted Earnings Per Share increased 14.6% to $0.47.
- The company's board of directors declared a regular quarterly dividend of $0.12 per share on October 30, 2025, payable on November 25, 2025.
Oct 30, 2025, 8:07 PM
Ryan Specialty Reports Strong Third Quarter 2025 Results and Updates Full Year Guidance
RYAN
Earnings
Guidance Update
Dividends
- Ryan Specialty Holdings reported Total Revenue of $754.6 million for the third quarter ended September 30, 2025, marking a 24.8% year-over-year increase, with an Organic Revenue Growth Rate of 15.0%.
- Net Income for Q3 2025 increased 118.6% year-over-year to $62.6 million, or $0.20 per diluted share. Adjusted Diluted Earnings Per Share grew 14.6% to $0.47.
- Adjusted EBITDAC increased 23.8% year-over-year to $235.5 million for the third quarter of 2025.
- The company declared a regular quarterly dividend of $0.12 per share payable on November 25, 2025.
- For the full year 2025, Ryan Specialty is guiding to a double-digit Organic Revenue Growth Rate and an Adjusted EBITDAC Margin of flat to modestly down compared to the prior year.
Oct 30, 2025, 8:05 PM
Ryan Specialty Holdings to Acquire Stewart Specialty Risk Underwriting
RYAN
M&A
New Projects/Investments
- Ryan Specialty Holdings, Inc. has agreed to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter specializing in high-hazard property and casualty insurance across Canada.
- SSRU reported approximately CAD$18 million in operating revenue for the year ending September 2025.
- The transaction includes B.P. Marsh & Partners Plc selling its 28.2% stake in SSRU for CAD $51.9 million.
- A potential additional performance-related payment of up to CAD $24 million is expected to be paid to SSRU's existing shareholders in the first quarter of 2026, based on 2025 financial performance.
- The acquisition is anticipated to close in the fourth quarter of 2025.
Oct 28, 2025, 7:10 AM
Ryan Specialty to Acquire Canadian MGU Stewart Specialty Risk Underwriting
RYAN
M&A
New Projects/Investments
- Ryan Specialty has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting (SSRU), a managing general underwriter (MGU) based in Toronto, Canada.
- SSRU specializes in underwriting large-account, high-hazard property and casualty solutions and will become part of the Ryan Specialty Underwriting Managers division.
- This acquisition is expected to expand Ryan Specialty's capabilities in Canada and significantly increase its total addressable market.
- SSRU generated approximately CAD$18 million (USD$13 million) of operating revenue for the 12 months ended September 30, 2025.
- The transaction is anticipated to close in the fourth quarter of 2025.
Oct 28, 2025, 7:00 AM
Ryan Specialty Holdings Appoints Keogh and Mulshine as Co-Presidents
RYAN
Management Change
- Ryan Specialty Holdings has appointed Steve Keogh, Chief Operating Officer, and Brendan Mulshine, Chief Revenue Officer, as Co-Presidents.
- Jeremiah Bickham, who previously served as President, will transition to a strategic advisor role until the end of 2025 before leaving the company.
- Keogh and Mulshine will continue in their current roles and report directly to CEO Tim Turner.
- The company has a market capitalization of approximately $7.46 billion, with trailing twelve-month sales reaching $2.81 billion and an EBITDA margin of 26.06%.
Oct 8, 2025, 10:18 PM
Quarterly earnings call transcripts for RYAN SPECIALTY HOLDINGS.
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