RYAN
Ryan Specialty Holdings, Inc.53.00
-1.19-2.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
14.02BP/E (TTM)
100.00Basic EPS (TTM)
0.53Dividend Yield
0.01%Recent Filings
8-K
8-K
8-K
Ryan appoints co-presidents
Ryan Specialty Holdings appointed Stephen P. Keogh as Co-President and Chief Operating Officer and Brendan M. Mulshine as Co-President and Chief Revenue Officer, effective October 9, 2025, succeeding Jeremiah Bickham, who transitions to a strategic advisor role through January 1, 2026. Both executives bring over 30 years of insurance expertise, with Keogh joining in May 2025 from Aon and Mulshine advancing internally since 2012. This leadership shift bolsters operational and revenue strategies amid ongoing growth. Yet risks could alter expected benefits.
8-K
Bungert joins Ryan board
Ryan Specialty Holdings appointed Michael G. Bungert, a reinsurance veteran with over four decades of experience including as former Chairman of Aon Re Global, to its Board of Directors on September 3, 2025, assigning him to the Compensation and Governance Committee. This move brings strategic insurance insights to guide the firm's specialty operations. Bungert receives $120,000 annual cash pay and prorated $200,000 RSUs vesting immediately. His expertise bolsters governance amid industry innovation.
10-Q
Q2 FY2025 results
Ryan Specialty Holdings posted solid Q2 results, with total revenue climbing 23% year-over-year to $855.2 million, fueled by 7.1% organic growth (derived) and contributions from recent buys like Velocity and USQ. Net commissions and fees jumped 23.6% to $840.9 million, while operating income rose 16.2% to $191.1 million, though margins dipped slightly amid higher amortization from acquisitions. Acquisitions drove the momentum: Velocity closed February 2025 for $548.6 million cash plus $19.6 million contingent, adding $363.9 million goodwill and $216.4 million customer relationships (13-year life); USQ and 360 added niche underwriting muscle. Cash sat at $172.6 million with $1.2 billion revolver availability, but total debt hit $3.5 billion including a $1.7 billion term loan at SOFR + 2.25%. Free cash flow wasn't disclosed in the 10-Q. Yet competition in wholesale brokerage remains fierce.
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