Ryan Specialty reported FY 2025 total revenue of USD 3.05 billion, up 21.3%, including net commissions and fees of USD 2.99 billion. FY 2025 net income was USD 214.2 million, while adjusted EBITDAC was USD 966.7 million with an adjusted EBITDAC margin of 31.7%. Organic revenue growth for FY 2025 was 10.1%. The group said 78% of its premiums were placed in the E&S market in FY 2025 and reported 96% producer retention. Ryan Specialty completed 63 acquisitions since founding and said it acquired USD 128 million of revenue in 2025. On capital returns, it said it increased its regular quarterly dividend 8% to USD 0.13 per share in February 2026 and announced an inaugural USD 300 million share repurchase authorization. As of December 31, 2025, net leverage on a credit basis was 3.2x, and it reported Moody’s (Ba3), S&P (BB-), and Fitch (BB+) ratings with stable outlooks.

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