Ryan Specialty Group (RYAN)
NYSE:RYAN
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.64Last Year’s EPS
0.66Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:Apr 30, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call reported a strong first quarter with double-digit top-line growth, healthy EBITDA and EPS gains, measurable productivity gains from AI, and continued capital deployment (repurchases and M&A optionality). However, management revised full-year expectations downward due to rapid market softening—notably large property rate declines (25%–35%)—and guided to mid-single-digit organic growth and margin compression (down ~100–150 bps). The company emphasized disciplined underwriting, continued investment in AI/Empower to drive long-term efficiency, and strategic partnerships as defenses against market volatility. Given robust execution in Q1 and clear strategic actions to offset headwinds, but with a meaningful guidance downgrade and near-term margin pressure, the tone is cautiously constructive.Company Guidance
Strong Q1 Top-Line Growth
Total revenue grew 15% year-over-year to $795 million, driven by organic revenue growth of 11.8% and M&A contributions (which added over 2 percentage points).
Healthy Profitability Results
Adjusted EBITDAC increased 15.7% to $232 million and adjusted EBITDAC margin expanded 10 basis points year-over-year to 29.2% in Q1.
EPS Growth and Tax Rate Stability
Adjusted earnings per share rose 20% year-over-year to $0.47. The adjusted effective tax rate was 26%, with management expecting a similar rate for the remainder of 2026.
Capital Allocation and Share Repurchase
Repurchased $40 million of stock in the quarter; management prioritized M&A and buybacks and signaled willingness to temporarily exceed leverage corridor for attractive M&A opportunities.
Strong Financial Position and Leverage
Ended the quarter at 3.3x total net leverage on a credit basis, within the stated 3.0x–4.0x comfort corridor.
Ryan Re and Reinsurance Momentum
Ryan Re delivered a strong start to the year with strong renewal retention; management expects Ryan Re to be a material, growing part of the business (company noted reinsurance platform approaching ~$2 billion in premium).
Digital Transformation and Measurable AI Gains
Significant AI and automation results: submission turnaround reduced from ~24 hours to under 2 hours in some underwriting areas; facultative reinsurance submission processing reduced from ~2 hours to minutes and underwriter throughput increased ~10x; Velocity (property cat MGU) realized an 11x uplift in submit-to-bind ratios for highest-appetite segment and a 36% median improvement in speed-to-quote.
Empower Program — Planned Savings and Investment
Empower program on track for a cumulative charge of approximately $160 million through 2028 and expected to deliver ~ $80 million of annual run-rate savings in 2029, with savings ramping in 2027–2028; management expects operational flexibility to invest behind strategic opportunities.
Operational and Product Wins
Outperformance across underwriting management specialties (transactional liability, international specialty, casualty, financial lines) and strong activity in construction and data center pipelines; professional lines and transactional liability materially contributed to growth.
Leadership Alignment Initiative
Founder Pat Ryan announced a one-time option grant program funded from his own holdings (5-year vesting in years 3–5) to align leadership incentives with long-term shareholder value.
RYAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RYAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $34.77 | $30.83 | -11.33% |
Feb 12, 2026 | $44.23 | $38.58 | -12.78% |
Oct 30, 2025 | $50.41 | $54.50 | +8.13% |
Jul 31, 2025 | $60.74 | $57.42 | -5.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ryan Specialty Group (RYAN) report earnings?
Ryan Specialty Group (RYAN) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Ryan Specialty Group (RYAN) earnings time?
Ryan Specialty Group (RYAN) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is RYAN EPS forecast?
RYAN EPS forecast for the fiscal quarter 2026 (Q2) is 0.64.