EarningsQ2 2026 Earnings Report
MX:RYAN Q2 2026 EPS Results
Actual EPS$12.54
Consensus EPS$10.13
Beat/MissBeat by +$2.41
One Year Ago EPS$11.19
MX:RYAN Q2 2026 Revenue Results
Actual Revenue$15.54B
Expected Revenue$14.81B
Beat/MissBeat by +$723.97M
YoY Revenue Growth+6.69%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:RYAN Upcoming Earnings
Ryan Specialty Group's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:RYAN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented solid financial results — mid-to-high single-digit organic growth, EPS and adjusted EBITDAC expansion, strong underwriting management performance, meaningful share repurchases and progress on AI and platform initiatives. Offsetting these positives are persistent cyclical pressures in property and builders' risk, heightened competition (especially in small commercial and some casualty pockets), and a downward margin guide of ~50–100 basis points for the year. Management emphasized discipline, a strong balance sheet (3.3x leverage) and strategic optionality (buybacks, targeted M&A when available), but near-term execution risks remain in a challenging pricing environment.Company Guidance
Top-line Growth
Total revenue grew 7.2% year-over-year to $917.0 million in Q2 2026, driven by 6.7% organic revenue growth and modest M&A contribution; organic revenue for the first half increased 8.9%.
Profitability and EPS Expansion
Adjusted EBITDAC rose 6.0% to $327 million and adjusted earnings per share increased 12.1% to $0.74; for the first half, adjusted EBITDAC grew 9.8% and adjusted EPS grew 16.2%.
Strong Capital Allocation and Share Repurchases
Repurchased approximately 8.1 million shares for $260 million in the quarter, increased buyback authorization by $300 million, and repurchased an additional $42 million of shares in July; capital structure remains within target with total net leverage of 3.3x (credit basis, within 3–4x corridor).
Underwriting Management Outperformance
Underwriting management specialty delivered an excellent quarter with standout performance across transactional liability, transportation, international specialty, casualty and reinsurance; transactional liability notably exceeded expectations and Ryan Re showed strong renewal retention.
Strategic Growth Initiatives and New Capabilities
Continued expansion into reinsurance underwriting (on track to place ~$2 billion in reinsurance premium this year), alternative capital solutions, benefits and captive/structured solutions; launched a Lloyd's consortium stamp to syndicate RSUM business and monetize platform scale.
Operational Efficiency and AI Adoption
Early Empower program actions and AI investments improved productivity (property-related employees delivered ~11% more quotes per head year-over-year); reinsurance FAC Workbench reduced submission-to-priced-decision timelines from days to minutes, and property inspection automation reduced manual touches.
Disciplined Financial Guidance and Tax Profile
Maintained disciplined guidance — organic revenue growth still expected in mid-single digits for full-year 2026 (now toward the higher end of the range); adjusted effective tax rate ~26% and expected to remain similar for remainder of 2026.
MX: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