Ryan Specialty reported October 29 that third-quarter revenue increased 4.7% from a year earlier to $790 million, while net income rose 40.6% to $88 million.
The specialty-insurance services company reported diluted earnings of 29 cents per share, compared with 20 cents a year earlier.
Organic revenue growth was 4%. Ryan attributed the increase to new clients, renewals, expanded relationships and continued business entering specialty insurance markets. Acquisitions completed during the preceding year made a smaller contribution.
Operating expenses rose 0.8% to $649.1 million. Higher compensation and restructuring costs were partly offset by lower acquisition-related expenses.
Adjusted net income increased 4.1% to $137.1 million. Its adjusted net-income margin slipped to 17.4% from 17.5%.
Adjusted diluted earnings rose to 51 cents per share from 47 cents. These adjusted measures exclude specified expenses and incorporate adjustments for the company’s ownership structure; they differ from GAAP results.
Ryan reported $150 million in share repurchases and $23.7 million in dividends and distributions during the quarter.
The results cover the three months ended September 30.
Sources: Ryan Specialty — October 29 Financial Results: https://ir.ryanspecialty.com/ir-news-events/press-releases/detail/126/ryan-specialty-reports-third-quarter-2026-results