Ryan Specialty misses Q4 revenue, profit estimates

Ryan Specialty Holdings

12/02/2026 21:14

Overview

Specialty insurance firm's Q4 revenue grew 13.2% yr/yr but missed analyst expectations

Adjusted EPS for Q4 remained flat at $0.45, missing analyst expectations

Company announced $300 mln share repurchase authorization

Outlook

Ryan Specialty guides high single-digit organic revenue growth for 2026

Company expects flat to moderately down adjusted EBITDAC margin in 2026

Result Drivers

REVENUE GROWTH - Driven by new client wins, expanded client relationships, and E&S market expansion

EXPENSE INCREASE - Higher operating expenses due to increased compensation and benefits, and professional services costs

NET INCOME DECLINE - Decreased due to higher operating and interest expenses, despite revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$751.21 mln
$777.61 mln (14 Analysts)
Q4 Adjusted EPS
Miss
$0.45
$0.50 (17 Analysts)
Q4 Adjusted Net Income
$123.99 mln
Q4 Net Income
$31.24 mln
Q4 Operating Income
$91.56 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Ryan Specialty Holdings Inc is $62.00, about 44% above its February 11 closing price of $43.05

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw8Sqsr6a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)