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Companies / Financials / Ryan Specialty Holdings, Inc.
RYAN

Ryan Specialty Holdings, Inc.

FinancialsInsurance
Ticker RYANCHICAGO, ILFiscal year ends DecemberBook value per share $3.37Diluted shares 132.5M

Ryan Specialty (NYSE: RYAN) is an international specialty insurance intermediary that provides insurance distribution, underwriting, product development, administration and risk management services to retail brokers, agents and insurance carriers. It helps retail brokers place complex or hard-to-place risks and… From the company’s description.

Over the twelve months to Sep 30, 2026, Ryan Specialty Holdings, Inc. reported revenue of $3.25B, up 9.8% from a year earlier, and net income of $268.26M. Its operating margin was 15.6%, and operations generated $570.18M in cash. In fiscal 2025, it reported revenue of $3.05B, up 21.3% from fiscal 2024, and net income of $214.16M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$3.05BFY2025
+21.3% year over year
Last 12 mo $3.25B
16.18%FY2025
−0.8 percentage points
Last 12 mo 15.59%
$214.16MFY2025
−6.9% year over year
Last 12 mo $268.26M
9.78%FY2025
−5.3 percentage points
Last 12 mo 23.42%
Cash & financing
$643.67MFY2025
+25.0% year over year
Last 12 mo $570.18M
$572.70MFY2025
+22.4% year over year
Last 12 mo $499.12M
5.17FY2025
Was 5.23× a year earlier
Last 12 mo 8.23
138.2MFY2025
+4.0% year over year
Last 12 mo 132.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ryan Specialty Holdings, Inc. does

In the company’s own words

Ryan Specialty (NYSE: RYAN) is an international specialty insurance intermediary that provides insurance distribution, underwriting, product development, administration and risk management services to retail brokers, agents and insurance carriers. It helps retail brokers place complex or hard-to-place risks and supports carriers with distribution and delegated underwriting. Its three specialties are Wholesale Brokerage, which generated 53.4% of 2025 net commissions and fees; Binding Authority, which generated 12.4%; and Underwriting Management, which generated 34.2%. The company places property, casualty, professional, personal lines, transportation and workers’ compensation coverage, with 78% of premiums placed in 2025 in the excess and surplus market. Its Underwriting Management operations include 39 managing general agencies and underwriters, while the company’s distribution network serves more than 35,000 retail brokerage firms and over 350 carriers. Founded in 2010, Ryan Specialty has partnered with more than 60 firms through acquisitions.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
1849253
SIC
6411

Financial performance, year by year

Fiscal 2019–2025 · USD
$-325.31M$650.61M$1.63B$2.60B$3.58B2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ryan Specialty Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

313
funds hold it
0 of 35
superinvestors hold it
$1.73B
held by funds, at market
39.9%
of shares held by funds

Largest fund holders · Ryan Specialty Holdings, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
MidCap Fund
PMBMX · Principal Funds, Inc
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
T. Rowe Price Mid-Cap Growth Fund, Inc.
RPMGX · T. ROWE PRICE MID-CAP GROWTH FUND, INC.
0.31%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ryan Specialty Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
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