Ryan Specialty Group Reports Q2 Earnings Beat, Revenue Surpasses Expectations.

Ryan Specialty Group reported Q2 non-GAAP EPS of $0.66, beating estimates by $0.01. Revenue of $855.2M was up 23.0% YoY and exceeded expectations by $25.02M. The company updated its full year 2025 outlook for Organic Revenue Growth Rate, but specific details were not provided.

Ryan Specialty Holdings, Inc. (NYSE: RYAN) has reported its second-quarter 2025 results, showcasing strong performance across various financial metrics. The company's non-GAAP earnings per share (EPS) of $0.66 exceeded analysts' estimates by $0.01, according to data from FactSet [1]. This result marks a significant improvement over the prior-year period, where EPS was $0.58.

Revenue for the quarter ended June 30, 2025, reached $855.2 million, representing a 23.0% year-over-year (YoY) increase. This figure exceeded market expectations by $25.02 million. The company's organic revenue growth rate for the quarter was 7.1%, driven by new client acquisitions and expanded relationships with existing clients, as well as growth in the E&S market [2].

Operating expenses for the quarter increased by 25.1% to $664.1 million, primarily due to higher compensation and benefits expenses, and an increase in acquisition-related expenses. Net income for the quarter was $124.7 million, a 5.6% increase over the prior-year period. Adjusted EBITDAC grew by 24.5% to $308.4 million, and the adjusted net income margin improved to 21.6% [2].

Patrick G. Ryan, Founder and Executive Chairman of Ryan Specialty, commented on the results, stating, "We delivered a solid second quarter, particularly in the context of the rapidly declining property rate environment and challenging year-over-year comparison, further highlighting the resiliency of our differentiated platform." He also mentioned that the company is expanding its strategic carrier alliances, which should boost its capabilities to generate new business [2].

The company's capital return to stockholders and LLC unit holders amounted to $21.9 million in dividends and distributions. Ryan Specialty also completed three acquisitions within the past few months, which will further solidify its leading position in delegated authority.

Looking ahead, Ryan Specialty remains committed to achieving double-digit organic growth for the full year and remains well-positioned for long-term growth. The company's strategic initiatives and strong financial performance indicate a promising outlook for investors.

References:
[1] https://www.marketscreener.com/news/earnings-flash-ryan-ryan-specialty-holdings-inc-posts-q2-adjusted-eps-0-66-per-share-vs-facts-ce7c5fddd08df12c
[2] https://www.businesswire.com/news/home/20250731672162/en/Ryan-Specialty-Reports-Second-Quarter-2025-Results