Ryan Specialty Group Holdings Inc

RYAN · NYSE · Financial Services / Insurance Brokers

46.89USD+0.74 (+1.60%)

Price History

Full chart

Market Stats

Previous Close46.15

Open46.43

Day Range45.69 – 47.78

52-Week Range29.07 – 58.44

Volume3.12M

Market Cap9.71B

P/E (TTM)51.20

Forward P/E14.64

EPS0.74

Dividend Yield1.37%

Beta0.56

50-Day Avg41.89

200-Day Avg40.56

About

Ryan Specialty Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally. The company offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter or a program administrator with delegated authority from insurance carriers. It serves commercial, industrial, institutional, individual, and government sectors. The company was founded in 2010 and is headquartered in Chicago, Illinois.

Company Details

SectorFinancial Services
IndustryInsurance Brokers
CEOMr. Timothy William Turner
Employees6.17K
Headquarters155 North Wacker Drive, Chicago, IL, United States, 60606, USA
Websitehttps://www.ryanspecialty.com

Leadership

Mr. Patrick G. RyanFounder & Executive Chairman · b. 1938
Mr. Timothy William TurnerCEO & Director · b. 1961
Mr. Stephen P. KeoghCo-President & COO · b. 1968
Ms. Janice M. HamiltonExecutive VP & CFO · b. 1983
Mr. Benjamin Miles WullerChief Executive officer of RSG Underwriting Managers · b. 1977

Financials

Income Statement

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	765.11M	1.02B	1.43B	1.73B	2.08B	2.52B	3.05B
Growth (%)	-	+33.09%	+40.71%	+20.41%	+20.42%	+21.09%	+21.28%
Cost of Revenue	487.11M	658.21M	943.28M	1.11B	1.30B	1.51B	287.51M
Gross Profit	765.11M	1.02B	1.43B	1.73B	2.08B	2.52B	2.76B
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	90.58%
Operating Expense	697.13M	938.81M	1.37B	1.55B	1.84B	2.24B	2.14B
Operating Income	67.98M	79.47M	61.56M	179.19M	237.93M	272.55M	625.23M
Operating Margin	8.89%	7.80%	4.30%	10.39%	11.45%	10.83%	20.49%
EBITDA	156.63M	194.21M	253.60M	393.31M	473.27M	598.63M	803.08M
EBITDA Margin	20.47%	19.07%	17.70%	22.80%	22.78%	23.80%	26.32%
Net Income	64.17M	68.10M	65.87M	61.05M	61.04M	94.67M	63.40M
Net Income Margin	8.39%	6.69%	4.60%	3.54%	2.94%	3.76%	2.08%
R&D	0.09	0.08	0.04	0.1	0.11	-	-
R&D as % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	35.55M	47.24M	79.35M	104.83M	119.51M	158.45M	222.38M
Interest Expense % of Total Revenue	4.65%	4.64%	5.54%	6.08%	5.75%	6.30%	7.29%

Balance Sheet

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	2.19B	4.53B	5.46B	6.38B	7.25B	9.65B	10.56B
Total Liabilities	2.13B	4.46B	4.86B	5.57B	6.27B	8.55B	9.31B
Total Equity	64.26M	69.79M	594.78M	817.81M	979.64M	1.10B	648.07M
Cash	52.02M	312.65M	386.96M	992.72M	838.79M	540.20M	158.32M
Total Debt	669.27M	1.69B	1.68B	2.16B	2.16B	3.46B	3.53B
Net Debt	617.26M	1.38B	1.30B	1.16B	1.32B	2.92B	3.37B

Cash Flow

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	149.51M	135.39M	273.49M	335.51M	477.20M	514.87M	643.67M
Investing Cash Flow	-173.53M	-865.42M	-457.94M	-22.42M	-476.23M	-1.76B	-834.01M
Financing Cash Flow	62.27M	989.24M	429.28M	314.76M	-12.61M	1.17B	78.12M
Capital Expenditure	7.99M	12.50M	9.78M	15.04M	29.78M	47.00M	67.95M
Free Cash Flow	141.52M	122.89M	263.71M	320.47M	447.43M	467.87M	575.71M
Dividends Paid	72.29M	50.12M	47.10M	39.88M	71.67M	80.24M	62.34M
FCF to OCF	94.66%	90.77%	96.42%	95.52%	93.76%	90.87%	89.44%
Dividend Paid to FCF	51.08%	40.78%	17.86%	12.45%	16.02%	17.15%	10.83%

Earnings

Report Date	Jun 2, 2021	Sep 1, 2021	Nov 11, 2021	Mar 15, 2022	May 12, 2022	Aug 11, 2022	Nov 10, 2022	Feb 28, 2023	May 4, 2023	Aug 3, 2023	Nov 2, 2023	Feb 27, 2024	May 2, 2024	Aug 1, 2024	Oct 30, 2024	Feb 25, 2025	May 1, 2025	Jul 31, 2025	Oct 30, 2025	Feb 12, 2026	Apr 30, 2026	Jul 30, 2026	Oct 29, 2026
EPS Estimate	0.23	0.32	0.18	0.28	0.22	0.35	0.26	0.26	0.25	0.44	0.31	0.34	0.35	0.57	0.41	0.45	0.39	0.65	0.47	0.49	0.43	0.61	0.49
EPS Actual	0.21	0.35	0.24	0.29	0.24	0.39	0.25	0.27	0.26	0.45	0.32	0.35	0.35	0.58	0.41	0.45	0.39	0.66	0.47	0.45	0.47	0.74	-
Surprise	-8.70%	9.38%	33.33%	3.57%	9.09%	11.43%	-3.85%	3.85%	4.00%	2.27%	3.23%	2.94%	0.00%	1.75%	0.00%	0.00%	0.00%	1.54%	0.00%	-8.16%	9.30%	21.31%	-
Timing	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap9.71B

Enterprise Value8.08B

Trailing P/E51.20

Forward P/E14.64

Price / Sales3.07

Price / Book8.67

EPS0.74

Book Value4.20

Revenue (TTM)3.16B

Gross Profit (TTM)1.31B

EBITDA909.37M

Profit Margin3.13%

Operating Margin25.04%

Return on Equity22.09%

Return on Assets3.45%

Shares Outstanding122.08M

Shares Float106.18M

Beta0.56

Dividend Yield1.37%

Dividend Rate0.52

Payout Ratio23.94%

Analyst Ratings

Buy

Based on 13 analystsTarget 50.53

Strong Buy
4
Buy
5
Hold
3
Sell
1

Ownership Breakdown

Institutions: 98.30%
Insiders: 14.61%
Retail / Other: 0.00%

Top Institutional Holders

BlackRock Inc
10.87M8.90%
Vulcan Value Partners, LLC
7.91M6.48%
T. Rowe Price Investment Management,Inc.
7.10M5.82%
Vanguard Portfolio Management, LLC
5.34M4.38%
Vanguard Capital Management, LLC
5.20M4.26%
State Street Corp
3.63M2.98%
Neuberger Berman Group LLC
3.11M2.54%
Kayne Anderson Rudnick Investment Management LLC
3.01M2.46%
Bank of Montreal
2.77M2.27%
Stephens Inv Mgmt Group LLC
2.72M2.23%
Montrusco Bolton Investments Inc
2.69M2.20%
Independent Franchise Partners LLP
2.65M2.17%
Polar Capital Holdings PLC
2.45M2.01%
Bessemer Group Inc
2.38M1.95%
BMO Capital Markets Corp.
2.29M1.87%
Morgan Stanley - Brokerage Accounts
2.28M1.87%

Top Fund Holders

iShares Core S&P Mid-Cap ETF
3.99M3.27%
Vanguard MStar Total Stk Mkt Idx Invest
3.71M3.04%
Polar Capital Global Ins A Inc
2.94M2.41%
Vanguard Small Cap Index
2.68M2.20%

Dividends

20264×

0.13Nov 10, 20260.13Aug 11, 20260.13May 12, 20260.13Feb 24, 2026

20254×

0.12Nov 10, 20250.12Aug 12, 20250.12May 13, 20250.12Mar 4, 2025

20244×

0.11Nov 12, 20240.11Aug 13, 20240.11May 13, 20240.23Mar 12, 2024