Core Insights - Ryan Specialty reported Q2 2025 GAAP revenue of $855.2 million, exceeding analyst expectations of $832.0 million, with adjusted diluted EPS of $0.66, slightly above the consensus of $0.65 [1][2] - Organic revenue growth rate was 7.1%, down from 14.2% in Q2 2024, and below the company's guidance for FY2025 of 9.0%–11.0% [1][2] - Management lowered full-year 2025 guidance for organic revenue growth and adjusted EBITDAC margin due to ongoing softness in the property insurance market [1][9] Financial Performance - Adjusted diluted EPS increased by 13.8% year-over-year from $0.58 in Q2 2024 to $0.66 in Q2 2025 [2] - GAAP revenue rose 23.0% year-over-year from $695.4 million in Q2 2024 to $855.2 million in Q2 2025 [2] - Adjusted EBITDAC increased by 24.5% year-over-year, reflecting strong operating profitability [2] Business Overview - Ryan Specialty operates as a specialized intermediary in the excess and surplus (E&S) insurance market, providing coverage for complex or high-risk situations [3] - The company's strategy focuses on expanding its E&S market presence through organic initiatives and strategic acquisitions [4] Segment Performance - Wholesale Brokerage remained the largest revenue unit with a 7.4% year-over-year increase [6] - Binding Authorities revenue grew by 17.2%, while Underwriting Management revenue surged by 73.1% year-over-year [6] - Property-focused lines experienced a modest decline, while casualty lines grew due to increased demand in various sectors [7] Strategic Initiatives - The company emphasizes strong relationships with retail brokers and insurance carriers, investment in technology, and targeted acquisitions as key success factors [4] - Supplemental and contingent commissions rose to $35.6 million, nearly quadrupling year-over-year, supported by technology investments [8] Future Outlook - Management revised full-year organic revenue growth guidance to 9.0%–11.0% from the previous 11.0%–13.0% [9] - Adjusted EBITDAC margin expectations were tightened to 32.5%–33.0% for FY2025 [9] - The company declared a quarterly dividend of $0.12 per share, payable August 26, 2025, and will focus on organic revenue growth and integration of acquired businesses [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q ____________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to Commission File Number: 001-40645 ____________ RYAN SPECIALTY HOLDINGS, INC. (Exact name of registrant as specified in its charter) ...

Ryan Specialty Group (RYAN) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this insurance company would post earnings of $0.39 per share when it actually produced earnings of $0.39, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Ryan Specialty, wh ...

Ryan Specialty Group (RYAN) Q2 2025 Earnings Call July 31, 2025 04:45 PM ET Speaker0Good afternoon, and thank you for joining us today for Ryan Specialty Holdings Second Quarter twenty twenty five Earnings Conference Call. In addition to this call, the company filed a press release with the SEC earlier this afternoon, which has also been posted to its website at ryanspecialty.com. On today's call, management's prepared remarks and answers to your questions may contain forward looking statements. Investors s ...

Company Overview - Ryan Specialty is a rapidly growing provider of specialty products and solutions for insurance brokers, agents, and carriers[8] - The company's total revenue for the Last Twelve Months (LTM) ending June 30, 2025, was $2.8 billion[9] - As of June 30, 2025, Ryan Specialty's year-to-date (YTD) total revenue growth was 23.9%[9] - The YTD organic revenue growth was 9.6%[9] - Ryan Specialty is the 2nd largest U S P&C wholesale broker/managing underwriter[9] Market Position and Growth Strategy - Approximately 78% of Ryan Specialty's premiums are placed in the attractive Excess & Surplus (E&S) market[14] - Ryan Specialty's revenue growth with the top 100 retail brokerage firms exceeded the company's organic revenue growth of 12.8% in 2024[36] - The company has completed 62 acquisitions since its founding[35] - Ryan Specialty is capitalizing on market needs to enhance product capabilities through the launch of new Managing General Underwriters (MGUs) and Programs[38] Financial Performance - Ryan Specialty's LTM Adjusted EBITDAC as of June 30, 2025, was $915 million[52] - As of March 31, 2025, the company had $172 million in unrestricted cash and cash equivalents[59] - As of June 30, 2025, Ryan Specialty's net leverage on a credit basis was 3 5x[60]

RYAN SPECIALTY REPOSRETCSONDQUARTER2025RESULTS - Total Revenue grew23.0%year-over-year to$855.2 million- - Organic Revenue Growth Rate*7o.1f%year-over-year - - Net Income o$f 124.7 million, or$0.38per diluted share - - Adjusted EBITDAC* gre2w4.5%year-over-year to$308.4 million- Three Months Ended Six Months Ended • Revenue grew23.0%year-over-year to$855.2 million, compared to$695.4 millionin the prior-year period • Organic Revenue Growth Rate* w7a.s1%for the quarter, compared to14.2%in the prior-year period ...

Financial Performance - Ryan Specialty's total revenue for the Last Twelve Months(LTM) ending June 30, 2025, was $2.814 billion[9, 52] - The company's Organic Revenue Growth for the period ending June 30, 2025, was 9.6%[9] - Adjusted EBITDAC for the LTM ending June 30, 2025, reached $915 million, with an Adjusted EBITDAC Margin of 32.5%[54] Market Position and Growth - Ryan Specialty is the 2nd largest U S P&C wholesale broker/managing underwriter[9] - The company experienced a total revenue growth of 23.9% for the period ending June 30, 2025[9] - Ryan Specialty's revenue growth with the top 100 retail brokerage firms exceeded the company's organic revenue growth of 12.8% in 2024[36] Market Dynamics - Excess and Surplus (E&S) premiums are growing faster than the admitted market, with E&S representing 24% of the commercial market[13, 18] - Delegated authority represented 29% of E&S premiums in 2023[36] Strategic Activities - Ryan Specialty has completed 62 acquisitions since its founding[35] - Approximately $115 million of revenue was acquired thus far in 2025[37] - Wholesale Brokerage accounts for 56% of the business, Underwriting Management 31%, and Binding Authority 13%[28]

Core Insights - PepsiCo is launching an exclusive collaboration with streetwear brand Samii Ryan, featuring a capsule collection that combines Y2K nostalgia and rodeo-core fashion with the flavor of PEPSI® Wild Cherry, available online starting July 11, 2025 [1][3] Company Overview - PepsiCo products are consumed over one billion times daily across more than 200 countries, showcasing the company's extensive reach and commitment to innovation in the beverage industry [6] Collaboration Details - The Pepsi® x Samii Ryan collection includes vintage-inspired denim jackets, graphic tees, cozy sweats, and accessories, all featuring cherry red hues and retro PEPSI iconography, emphasizing a playful blend of fashion and flavor [2] - The collaboration was facilitated by Joester Loria Group for PepsiCo and Blitz Licensing for Samii Ryan, indicating a strategic partnership to enhance brand visibility [4] Brand Identity - Samii Ryan, the founder of the eponymous brand, emphasizes that the collaboration reflects joy, energy, and self-expression, aligning with the brand's focus on nostalgic and feel-good fashion inspired by femininity and pop culture [5]

Company Overview - Ryan Specialty Group (RSG) is a rapidly growing provider of specialty products and solutions for insurance brokers, agents, and carriers[11] - RSG was founded in 2010[12] - As of September 30, 2021, RSG's LTM (Last Twelve Months) revenue was $1.4 billion[12] - RSG is the 2nd largest U S P&C wholesale broker[12] Financial Performance - RSG's organic revenue growth for the period ending September 30, 2021, YTD (Year-to-Date) was 25 6%[12] - RSG's LTM total revenue growth as of September 30, 2021, was 51 6%[12] - The Adjusted EBITDAC for LTM was $442 million[49] - The Adjusted EBITDAC Margin was 32 0%[49] Market Position and Growth Strategy - 71% of RSG's premiums are placed in the attractive E&S (Excess & Surplus) market[19] - The E&S market has experienced a CAGR (Compound Annual Growth Rate) of 6 4% compared to the admitted market's CAGR of 4 0% over the past decade[21] - RSG's revenue growth with the top 100 retail brokerage firms exceeded RSG's organic revenue growth of 20% in 2020[31] - RSG has completed over 40 acquisitions since its founding[31]

Company Overview - Ryan Specialty Group (RSG) was founded in 2010 and has grown to $1 billion in revenue by 2020[12] - RSG is the 2nd largest U S P&C wholesale broker and the largest U S P&C MGU[12] - The company experienced 20% organic revenue growth in 2020[12] - Total revenue growth in 2020 was 33%[12] Market Position and Strategy - 71% of RSG's premiums are placed in the E&S market[20] - The E&S market has a Compound Annual Growth Rate (CAGR) of 6 4% compared to the admitted market's 4 0% over the past decade[23] - RSG's revenue growth with the top 100 retail brokerage firms exceeded RSG's organic revenue growth of 20% in 2020[31] - Approximately $59 million of revenue was acquired in 2019, and $240 million in 2020 through strategic acquisitions[31] Financial Performance - Adjusted EBITDAC increased from $191 million in 2019 to $294 million in 2020[40] - The Adjusted EBITDAC Margin increased from 25% in 2019 to 29% in 2020[40] - The company's revenue increased from $765 million in 2019 to $1 018 billion in 2020[40]