Ryan Specialty Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investment Income	54.83	56.54	60.04	50.95	13.33	0.59
Total Other Revenues	3,101	2,995	2,456	2,027	1,712	1,432
Revenue	3,156	3,051	2,516	2,078	1,725	1,433
Revenue Growth (YoY)	18.93%	21.28%	21.09%	20.42%	20.41%	40.71%
Other Operating Expenses	2,668	2,557	2,088	1,718	1,436	1,246
Operating Income	488	493.64	427.81	359.08	289.51	186.62
Interest Expense	-221.61	-222.38	-158.45	-119.51	-104.83	-79.35
Other Non-Operating Income (Expense)	22.86	21.93	3.19	-1.65	-5.49	-45.71
Total Non-Operating Income (Expense)	-198.75	-200.46	-155.26	-121.16	-110.32	-125.06
Pretax Income	289.25	293.18	272.55	237.93	179.19	61.56
Provision for Income Taxes	30.11	79.03	42.64	43.45	15.94	4.93
Net Income	108.69	63.4	94.67	61.04	61.05	65.87
Minority Interest in Earnings	150.46	150.76	135.25	133.44	102.21	-9.24
Net Income to Common	108.69	63.4	94.67	61.04	61.05	65.87
Net Income Growth	115.27%	-33.03%	55.09%	-0.03%	-7.32%	-3.28%
Shares Outstanding (Basic)	131	127	121	114	109	106
Shares Outstanding (Diluted)	206	138	133	126	126	106
Shares Change (YoY)	2.11%	4.03%	5.68%	-	18.93%	4.08%
EPS (Basic)	0.85	0.50	0.78	0.53	0.57	-0.07
EPS (Diluted)	0.77	0.47	0.71	0.52	0.52	-0.07
EPS Growth	126.47%	-33.80%	36.54%	-	-	-
Shares Outstanding	128.87	129.6	125.41	118.59	112.44	109.9
Free Cash Flow	554.59	575.71	467.87	447.43	320.47	263.71
Free Cash Flow Growth	-3.67%	23.05%	4.57%	39.62%	21.52%	114.58%
Free Cash Flow Per Share	2.69	4.16	3.52	3.56	2.55	2.49
Dividends Per Share	0.490	0.480	0.440	-	-	-
Dividend Growth	2.08%	9.09%	-	-	-	-
Operating Margin	15.46%	16.18%	17.01%	17.28%	16.78%	13.03%
Profit Margin	8.21%	7.02%	9.14%	9.36%	9.46%	3.95%
FCF Margin	17.57%	18.87%	18.60%	21.54%	18.58%	18.41%
EBITDA	777.29	781.16	595.44	474.92	398.8	299.31
EBITDA Margin	24.63%	25.60%	23.67%	22.86%	23.12%	20.89%
EBIT	488	493.64	427.81	359.08	289.51	186.62
EBIT Margin	15.46%	16.18%	17.01%	17.28%	16.78%	13.03%
Effective Tax Rate	10.41%	26.95%	15.65%	18.26%	8.89%	8.01%

Updated May 1, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q