Loading...
Ryan Specialty Group Q1 2025 Earnings Report
Ryan Specialty Holdings, Inc. reported a strong start to 2025 with significant revenue and earnings growth, driven by organic expansion and strategic acquisitions.
Key Takeaways
Ryan Specialty Holdings, Inc. announced robust first-quarter 2025 results, with total revenue increasing by 25.0% to $690.2 million and Adjusted EBITDAC growing by 27.5% to $200.5 million. Despite a net loss of $4.4 million, Adjusted Net Income rose by 13.0% to $107.8 million, demonstrating strong underlying performance.
Total revenue increased by 25.0% year-over-year to $690.2 million.
Adjusted EBITDAC grew by 27.5% year-over-year to $200.5 million, with an expanded margin of 29.1%.
Adjusted Net Income increased by 13.0% to $107.8 million, leading to Adjusted Diluted EPS of $0.39.
Organic Revenue Growth Rate was 12.9% for the quarter, reflecting new client wins and expanded relationships.
Ryan Specialty Group
Ryan Specialty Group
Ryan Specialty Group Revenue by Segment
Revenue by Segment
Wholesale Brokerage Revenue
CapyFin.comBinding Authorities Revenue
CapyFin.comUnderwriting Management Revenue
CapyFin.com Forward Guidance
Ryan Specialty is maintaining its full-year 2025 outlook for Organic Revenue Growth Rate and Adjusted EBITDAC Margin, confident in its ability to navigate the macro environment and deliver sustainable growth.
Positive Outlook
- Organic Revenue Growth Rate guidance for full 2025 is between 11.0% – 13.0%.
- Adjusted EBITDAC Margin guidance for full 2025 is between 32.5% – 33.5%.
- Confidence in navigating challenging macro environment due to diverse product offerings and durable business model.
- Resiliency of the specialty and E&S markets supports continued growth.
- Commitment to delivering sustainable growth and creating shareholder value over the long term.
Challenges Ahead
- Unable to provide comparable outlook or reconciliation for Total revenue growth rate or Net income margin due to inherent difficulty in forecasting certain reconciling items.
- Inability to quantify certain amounts necessary for reconciliation, including variations in effective tax rate.
- Expenses to be incurred for acquisition activities are difficult to estimate.
- Other one-time or exceptional items are hard to predict.
- The company does not undertake any duty or obligation to update forward-looking statements.