Ryan Specialty Reports Third Quarter 2026 Results
Ryan Specialty reported Q3 2026 revenue of $790.0 million, up 4.7% year-over-year, with organic growth of 4.0% — a sharp deceleration from 15.0% in the prior-year quarter against its toughest comp. Net income rose 40.6% to $88.0 million ($0.29 diluted EPS) on nearly flat operating expenses, while adjusted diluted EPS grew 8.5% to $0.51 and adjusted EBITDAC margin slipped to 30.9% from 31.2%. Growth came from casualty lines, offset by a moderate decline in the property portfolio.
Key figures
- Eps
- 0.29
- Revenue
- 789963000
- Guidance
- FY2026 Organic Revenue Growth Rate in the mid-single digits (maintained); Adjusted EBITDAC Margin down modestly vs prior year (updated)
- Revenue Yoy
- 4.7%
- Cash
- 168811000
- Debt principal
- 3700000000
- Adjusted ebitdac
- 244446000
- Capital returned
- 173700000
- Operating income
- 140828000
- Share repurchases
- 150000000
- Adjusted net income
- 137121000
- Adjusted diluted eps
- 0.51
- Organic revenue growth
- 4.0%
- Adjusted ebitdac margin
- 30.9%
- Dividends distributions
- 23700000
- Prior year organic revenue growth
- 15.0%
AI analysis
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