Ryan Specialty Q1 revenue rises on organic growth, acquisitions

Ryan Specialty Holdings

30/04/2026 21:39

Overview

US specialty insurance firm's Q1 revenue rose 15%, slightly beating analyst expectations

Adjusted EPS for Q1 grew 20%, beating analyst expectations

Company returned $64.8 mln to shareholders via share repurchases and dividends

Outlook

Company guides to 2026 organic revenue growth rate in the mid-single digits

Ryan Specialty expects 2026 adjusted EBITDAC margin down 100-150 basis points from prior year

Company expects industry environment to remain considerably challenging in the near term

Result Drivers

ORGANIC GROWTH AND ACQUISITIONS - Co said revenue rose due to 11.8% organic growth driven by new client wins, expanded relationships, and contributions from acquisitions

CASUALTY LINES GROWTH - Co said majority of casualty lines saw growth, offset by a moderate decline in property portfolio

HIGHER OPERATING EXPENSES - Co said operating expenses rose due to increased headcount, revenue growth, and restructuring costs from Empower Program

Company press release: ID:nBw5qDqhBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$795.23 mln
$787.42 mln (12 Analysts)
Q1 Adjusted EPS
Beat
$0.47
$0.44 (18 Analysts)
Q1 Adjusted Net Income
$130.73 mln
Q1 Net Income
$40.60 mln
Q1 Operating Income
$94.60 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "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 $49.00, about 39% above its April 29 closing price of $35.26

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

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.)