Ryan Specialty (NYSE:RYAN) reported a second-quarter revenue of $917 million, marking a growth of 7.2%, driven by 6.7% organic growth and contributions from acquisitions. Adjusted EBITDA rose 6% to $327 million, while adjusted earnings per share increased 12.1% to $0.74. For the first half of 2026, the company noted an organic revenue growth of 8.9% and an adjusted EBITDA increase of 9.8%.
CEO Tim Turner highlighted ongoing challenges in property pricing, especially in catastrophic and large-account sectors, though the property book saw only modest declines. The company aims for full-year organic revenue growth in the mid-single digits for 2026, with a projected decline in the adjusted EBITDA margin of 50 to 100 basis points year-over-year. Ryan Specialty also repurchased approximately 8.1 million shares for $260 million during the quarter.
Leadership changes were announced, with Brendan Mulshine set to become CEO of RT Specialty. The company also plans to enhance its investment in technology and artificial intelligence to improve operational efficiencies.
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