Earnings summaries and quarterly performance for RYAN SPECIALTY HOLDINGS.
Executive leadership at RYAN SPECIALTY HOLDINGS.
Timothy W. Turner
Detailed
Chief Executive Officer
CEO
BM
Benjamin M. Wuller
Detailed
CEO Ryan Specialty Underwriting Managers
BM
Brendan M. Mulshine
Detailed
Executive Vice President and Chief Revenue Officer
JM
Janice M. Hamilton
Detailed
Chief Financial Officer
JR
Jeremiah R. Bickham
Detailed
President
MS
Mark S. Katz
Detailed
Executive Vice President, General Counsel, and Corporate Secretary
ML
Michael L. Conklin
Detailed
Executive Vice President and Chief Human Resources Officer
PG
Patrick G. Ryan
Detailed
Executive Chairman of the Board of Directors
Board of directors at RYAN SPECIALTY HOLDINGS.
AJ
Anthony J. Kuczinski
Detailed
Director
DC
D. Cameron Findlay
Detailed
Lead Director
DP
David P. Bolger
Detailed
Director
FC
Francesca Cornelli
Detailed
Director
HS
Henry S. Bienen
Detailed
Director
JW
John W. Rogers, Jr.
Detailed
Director
MD
Michael D. O’Halleran
Detailed
Director
ML
Michelle L. Collins
Detailed
Director
ND
Nicholas D. Cortezi
Detailed
Director
PG
Patrick G. Ryan, Jr.
Detailed
Director
RL
Robert Le Blanc
Detailed
Director
Research analysts who have asked questions during RYAN SPECIALTY HOLDINGS earnings calls.
EG
Elyse Greenspan
Wells Fargo
6 questions for RYAN
Also covers: ACGL, AFL, AHL +32 more
Meyer Shields
Keefe, Bruyette & Woods
6 questions for RYAN
Also covers: ACGL, AFG, AIG +24 more
Alex Scott
Barclays PLC
5 questions for RYAN
Also covers: ACGL, AFL, AIG +30 more
AK
Andrew Kligerman
TD Cowen
4 questions for RYAN
Also covers: ABL, ACGL, AJG +22 more
RC
Robert Cox
The Goldman Sachs Group, Inc.
4 questions for RYAN
Also covers: AHL, AIG, AJG +13 more
Brian Meredith
UBS
3 questions for RYAN
Also covers: ACGL, AIG, AIZ +17 more
Michael Zaremski
BMO Capital Markets
3 questions for RYAN
Also covers: ACGL, AFG, AIG +25 more
RC
Rob Cox
Goldman Sachs
2 questions for RYAN
Also covers: ACGL, AJG, BRO +5 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 +12 more
KS
Katie Sakys
Autonomous Research
1 question for RYAN
Also covers: AJG, EG, GSHD +7 more
MH
Matthew Heimerman
Citigroup
1 question for RYAN
Also covers: ACGL, ASIC, HG
Matthew Heimermann
Citi
1 question for RYAN
Also covers: ACGL, AHL, AON +4 more
WC
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 Q4 and Full-Year 2025 Results, Announces Share Repurchase Program and Restructuring Plan
RYAN
Earnings
Share Buyback
Guidance Update
- Ryan Specialty Holdings reported Q4 2025 total revenue of $751 million, a 13% increase, and full-year 2025 total revenue of over $3 billion, up 21%, driven by 10.1% organic revenue growth and 19.2% Adjusted EBITDA growth to $967 million.
- The company announced a $300 million share repurchase program and an 8% increase in its quarterly dividend for Class A stockholders, now at $0.13 per share.
- A new 3-year restructuring program, Empower, was launched, anticipating a cumulative special charge of approximately $160 million through 2028 and expected annual savings of approximately $80 million in 2029.
- For 2026, the company guides for high single-digit organic revenue growth and an Adjusted EBITDA margin of flat to moderately down compared to the prior year, while deferring its 35% margin target beyond 2027.
Feb 12, 2026, 10:00 PM
Ryan Specialty Holdings Reports Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Announces Share Repurchase Program
RYAN
Earnings
Guidance Update
Share Buyback
- Ryan Specialty Holdings reported Q4 2025 total revenue of $751 million, an increase of 13% period-over-period, with 6.6% organic revenue growth. For the full-year 2025, total revenue grew 21% to over $3 billion, driven by 10.1% organic revenue growth.
- For 2026, the company guides to high single-digit organic revenue growth and an Adjusted EBITDA margin of flat to moderately down compared to 2025, citing continued property pricing pressures and moderating casualty growth.
- The board of directors authorized a $300 million share repurchase program and approved an 8% increase to the regular quarterly dividend for Class A stockholders, now at $0.13 per share.
- The company launched "Empower," a three-year restructuring program, anticipating a cumulative special charge of approximately $160 million through 2028 and expected annual savings of approximately $80 million in 2029.
Feb 12, 2026, 10:00 PM
Ryan Specialty Holdings Reports Q4 and Full-Year 2025 Results, Announces Share Repurchase Program and 2026 Guidance
RYAN
Earnings
Guidance Update
Share Buyback
- Ryan Specialty Holdings reported full-year 2025 total revenue over $3 billion, an increase of 21% year-over-year, driven by 10.1% organic growth. Adjusted EBITDA grew 19.2% to $967 million, and Adjusted EPS increased 9.5% to $1.96. For Q4 2025, total revenue grew 13% to $751 million, with 6.6% organic growth.
- For 2026, the company is guiding for high single-digit organic revenue growth and an Adjusted EBITDA margin of flat to moderately down. This outlook is influenced by continued property pricing pressures, which saw 25%-35% declines on certain large accounts in December 2025, and an expected moderating pace of casualty growth.
- The board of directors authorized a $300 million share repurchase program and approved an 8% increase to the regular quarterly dividend for Class A stockholders, now at $0.13 per share. Additionally, the company launched Project Empower, a three-year restructuring program, anticipating cumulative special charges of approximately $160 million through 2028 and expected annual savings of $80 million by 2029.
Feb 12, 2026, 10:00 PM
Ryan Specialty Reports Fourth Quarter and Full Year 2025 Results, Announces Share Repurchase, and Initiates Restructuring Program
RYAN
Earnings
Share Buyback
Guidance Update
- Ryan Specialty reported total revenue of $751.2 million for Q4 2025, a 13.2% increase year-over-year, and $3,051.1 million for the full year 2025, up 21.3% year-over-year.
- Net income for Q4 2025 decreased 26.6% to $31.2 million, and for the full year 2025, it decreased 6.9% to $214.2 million.
- The company announced a $300 million share repurchase authorization.
- A three-year Empower Program restructuring initiative will commence in Q1 2026, targeting $80 million in annual savings by 2029, with estimated cumulative pre-tax charges of approximately $160 million through 2028.
- For full year 2026, Ryan Specialty is guiding to an Organic Revenue Growth Rate in the high single digits and an Adjusted EBITDAC Margin of flat to moderately down.
Feb 12, 2026, 9:07 PM
Ryan Specialty Reports Fourth Quarter and Full Year 2025 Results
RYAN
Earnings
Share Buyback
Guidance Update
- Ryan Specialty reported total revenue of $751.2 million for the fourth quarter of 2025, marking a 13.2% increase year-over-year, with an Organic Revenue Growth Rate of 6.6%.
- For the full year 2025, total revenue grew 21.3% to $3,051.1 million, and Adjusted Diluted Earnings per Share increased 9.5% to $1.96.
- The company announced a $300 million share repurchase authorization and increased its regular quarterly dividend by 8.3% to $0.13 per share.
- Ryan Specialty initiated its full year 2026 outlook, guiding to a high single-digit Organic Revenue Growth Rate and an Adjusted EBITDAC Margin of flat to moderately down. A new three-year Empower Program is also being initiated in Q1 2026, estimated to result in $160 million of cumulative one-time charges and generate annual savings of approximately $80 million in 2029.
Feb 12, 2026, 9:05 PM
Ryan Specialty Holdings Announces Board Retirement and Strategic Initiatives
RYAN
Board Change
New Projects/Investments
- Bobby Le Blanc, CEO of Onex Corporation, will retire from the Board of Directors of Ryan Specialty Holdings effective February 11, 2026, following Onex's complete exit from its investment in the specialty insurance firm. Onex realized a total of $1.2 billion from its investment, achieving a 3.8x multiple of capital and a 49% IRR.
- Ryan Specialty is expanding its capabilities, including launching Ryan Specialty Public Entity, an MGU for public organizations, and rebranding its North American professional liability team as Ryan Financial Lines.
- Ryan Specialty Group's stock is currently rated as a Hold with a $59.00 price target, with strengths in financial performance and strategic growth initiatives, but facing risks such as high leverage and valuation concerns.
Dec 8, 2025, 12:39 PM
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
Quarterly earnings call transcripts for RYAN SPECIALTY HOLDINGS.
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