Loading...
•
Sep 30
Ryan Specialty Group Q3 2025 Earnings Report
Ryan Specialty Group reported strong revenue and earnings growth in Q3 2025.
Key Takeaways
The company delivered robust results for Q3 2025, with double-digit revenue growth driven by strong organic performance and M&A activity. Profitability also improved significantly across key metrics.
Total revenue reached $754.6 million, up 24.8% year-over-year
Organic revenue growth rate was 15.0%
Adjusted net income rose to $131.7 million with a 17.5% margin
Adjusted EBITDAC margin held steady at 31.2%
Ryan Specialty Group
Ryan Specialty Group
Ryan Specialty Group Revenue by Segment
Revenue by Segment
Wholesale Brokerage Revenue
CapyFin.comBinding Authority Revenue
CapyFin.comUnderwriting Management Revenue
CapyFin.com Forward Guidance
For full-year 2025, Ryan Specialty expects continued double-digit organic revenue growth, while adjusted EBITDAC margin may be flat or modestly lower due to strategic investments.
Positive Outlook
- Strong hiring momentum for broking and underwriting talent
- Continued investment in strategic opportunities
- Durable business model in challenging market
- Healthy organic growth expected to persist
- Technology and platform investments support future growth
Challenges Ahead
- Adjusted EBITDAC margin may decline slightly
- Higher compensation expenses expected due to hiring
- Increased professional and IT services costs
- Volatility in contingent commissions may persist
- Uncertainty in macroeconomic and insurance market environment