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RYANRyan Specialty Holdings, Inc.
$41.58$5.4B
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RYAN logoRyan Specialty Holdings, Inc.(RYAN)Earnings, Financials & Key Ratios

RYAN•NYSE•Insurance & Managed Care
$41.58
88.5× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryInsurance Distribution and MGA Services
AboutRyan Specialty Group Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. The company was founded in 2010 and is headquartered in Chicago, Illinois.Show more
  • Revenue$3.05B+21.3%
  • Combined Ratio79.51%-10.8%
  • Net Income$63M-33.0%
  • Return on Equity5.39%-40.8%
  • Medical Cost Ratio9.42%
  • Operating Margin20.49%+89.1%
  • Net Margin2.08%-44.8%
  • ROA0.63%-44.0%
  • Equity / Assets11.87%+4.3%

RYAN Price & Volume

Ryan Specialty Holdings, Inc. (RYAN) stock price & volume — 10-year historical chart

Loading chart...

Aggressive Acquisition Strategy Masks Underlying Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Acquisition-driven leverage and volatility

Key Thesis Takeaways

  • Ryan Specialty continues to capture significant market share in the E&S sector, evidenced by 15.2% revenue growth in 2026Q1, yet the firm's reliance on M&A-driven expansion creates persistent pressure on its $636.2 million equity base.
  • While the company maintains an underwriting profit with an 88.1% combined ratio, investors should monitor the shift toward direct risk assumption, which has introduced significant volatility into loss reserves.
  • The disconnect between GAAP earnings and cash generation, highlighted by a -4.12 OCF/NI ratio, suggests that the current capital allocation strategy may be unsustainable without improved operational cash conversion.

Verdict Logic

while the firm demonstrates strong top-line growth, the 82.72 P/E TTM and the recent $495.2 million spike in loss reserves suggest that the market may be underpricing the risks associated with the company's evolving underwriting model.

RYAN Growth Metrics

Ryan Specialty Holdings, Inc. (RYAN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years24.54%
3 Years20.93%
TTM18.93%

Profit CAGR

10 Years-
5 Years-1.42%
3 Years1.27%
TTM160.73%

EPS CAGR

10 Years-
5 Years-5.99%
3 Years-3.31%
TTM551.28%

Return on Capital

10 Years4.22%
5 Years3.65%
3 Years4.54%
Last Year6.42%

RYAN Recent Earnings

Ryan Specialty Holdings, Inc. (RYAN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.47+9.3%
$0.43
Rev
$795M+1.8%
$781M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.45-10.0%
$0.50
Rev
$751M-3.3%
$777M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.47+0.0%
$0.47
Rev
$755M-2.9%
$777M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.66+0.0%
$0.66
Rev
$855M+14.7%
$746M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.47vs $0.43+9.3%
$795Mvs $781M+1.8%
Q1 2026Feb 12, 2026
$0.45vs $0.50-10.0%
$751Mvs $777M-3.3%
Q4 2025Oct 30, 2025
$0.47vs $0.47+0.0%
$755Mvs $777M-2.9%
Q3 2025Jul 31, 2025
$0.66vs $0.66+0.0%
$855Mvs $746M+14.7%
Based on last 12 quarters of dataView full earnings history →

Latest RYAN News

Recent stock market news and headlines for Ryan Specialty Holdings, Inc. (RYAN)

The Motley Fool·Jun 28, 2026
A Ryan Specialty Holdings Director Bought 3,000 Shares. Here's What That Means for Investors.

Director Anthony Kuczinski acquired 3,000 shares for a total transaction value of approximately ~$105,000 at a weighted average price of around $34.99 per share across June 11 and 12, 2026. The transaction increased direct holdings by 29.79%, raising direct ownership to 13,072 shares post-transaction.

Business Wire·Jun 24, 2026
RT Specialty Announces Planned Leadership Succession

CHICAGO--(BUSINESS WIRE)--Ryan Turner Specialty ("RT Specialty"), a leading wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty (NYSE: RYAN), is pleased to announce a planned leadership succession, which highlights the deep roster of talent at the firm. These appointments are effective August 1, 2026. The plan includes: Ed McCormack, CEO of RT Specialty, will transition to the role of Vice Chairman and remain in that role thro.

Peers Comparison

Key metrics vs top competitors for Ryan Specialty Holdings, Inc. (RYAN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RYAN logoRYANRyan Specialty Holdings, Inc.Current
$41.58$5.39B88.4721.28%2.08%5.39%0.54%
BWIN logoBWINThe Baldwin Insurance Group, Inc.
$27.30$2.04B-54.609.35%-2.81%-3.77%—
ACGL logoACGLArch Capital Group Ltd.
$102.85$35.93B8.8514.27%24.73%20.48%—
ERIE logoERIEErie Indemnity Company
$256.37$11.84B24.147.17%13.2%25.03%—
AON logoAONAon plc
$359.82$77.09B21.149.45%22.54%44.16%—
MMC logoMMCMarsh & McLennan Companies, Inc.
$174.06$85.27B21.287.57%15.6%26.87%—

Compare RYAN vs Peers

Ryan Specialty Holdings, Inc. (RYAN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BWIN

Most directly comparable listed peer for RYAN.

Scale Benchmark

vs CB

Larger-name benchmark to compare RYAN against a more recognizable public peer.

Peer Set

Compare Top 5

vs BWIN, ACGL, ERIE, AON

RYAN SEC Filings & Documents

Ryan Specialty Holdings, Inc. (RYAN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 1, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Apr 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

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RYAN Frequently Asked Questions

Ryan Specialty Holdings, Inc. (RYAN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Ryan Specialty Holdings, Inc. growing?

Ryan Specialty Holdings, Inc. (RYAN) grew revenue by 21.3% over the past year. This is strong growth.

Is RYAN profitable?

Yes, Ryan Specialty Holdings, Inc. (RYAN) is profitable, generating $131.6M in net income for fiscal year 2025 (2.1% net margin).

Dividend & Returns
Does RYAN pay dividends?

Yes, Ryan Specialty Holdings, Inc. (RYAN) pays a dividend with a yield of 0.54%. This makes it attractive for income-focused investors.

What is RYAN's return on equity?

Ryan Specialty Holdings, Inc. (RYAN) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Industry Metrics
What is Ryan Specialty Holdings, Inc.'s combined ratio?

Ryan Specialty Holdings, Inc. (RYAN) has a combined ratio of 79.5%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in RYAN back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →