Loading...
•
Jun 30
Ryan Specialty Group Q2 2025 Earnings Report
Ryan Specialty reported strong revenue and profit growth in Q2 2025, driven by acquisitions and resilient organic performance.
Key Takeaways
Ryan Specialty posted a solid quarter with double-digit revenue growth and margin expansion despite a challenging property pricing environment. Adjusted EBITDAC rose significantly, and adjusted net income showed healthy gains.
Total revenue rose 23% year-over-year to $855,170,000
Net income increased to $124,705,000, up 5.6% year-over-year
Adjusted EBITDAC margin expanded to 36.1%
Organic revenue growth rate slowed to 7.1% from 14.2% last year
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 revised its full-year guidance downward for organic revenue growth while maintaining margin expectations within a narrower band.
Positive Outlook
- Continued M&A-driven growth strategy
- Expansion of strategic carrier alliances
- Strong Adjusted EBITDAC growth
- Margin expansion in Q2
- Positive impact from recent acquisitions
Challenges Ahead
- Organic revenue growth outlook lowered to 9.0%–11.0% from 11.0%–13.0%
- Challenging property pricing environment
- Pressure on adjusted net income margin
- Higher general and administrative expenses
- Modest decline in property segment performance