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Ryan Specialty (RYAN) Revenue & Revenue Breakdown

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Ryan Specialty Revenue Highlights

Latest Revenue (Y)

$3.05B

Latest Revenue (Q)

$754.58M

Main Segment (Y)

Wholesale Brokerage

Main Geography (Y)

UNITED STATES

Ryan Specialty Revenue by Period

Ryan Specialty Revenue by Year

DateRevenueChange
2025-12-31$3.05B21.28%
2024-12-31$2.52B21.09%
2023-12-31$2.08B20.42%
2022-12-31$1.73B20.41%
2021-12-31$1.43B40.71%
2020-12-31$1.02B33.09%
2019-12-31$765.11M-

Ryan Specialty generated $3.05B in revenue during NA 2025, up 21.28% compared to the previous quarter, and up 299.64% compared to the same period a year ago.

Ryan Specialty Revenue by Quarter

DateRevenueChange
2025-09-30$754.58M-11.76%
2025-06-30$855.17M23.91%
2025-03-31$690.17M4.01%
2024-12-31$663.53M9.73%
2024-09-30$604.69M-13.85%
2024-06-30$701.95M25.66%
2024-03-31$558.59M0.51%
2023-12-31$555.76M10.72%
2023-09-30$501.94M-14.22%
2023-06-30$585.15M27.87%
2023-03-31$457.60M5.19%
2022-12-31$435.01M5.59%
2022-09-30$412.00M-16.14%
2022-06-30$491.29M26.98%
2022-03-31$386.89M2.21%
2021-12-31$378.54M7.30%
2021-09-30$352.77M-9.55%
2021-06-30$390.01M25.22%
2021-03-31$311.46M-4.74%
2020-12-31$326.95M38.06%
2020-09-30$236.81M-3.86%
2020-06-30$246.32M18.32%
2020-03-31$208.19M-

Ryan Specialty generated $754.58M in revenue during Q3 2025, up -11.76% compared to the previous quarter, and up 107.50% compared to the same period a year ago.

Ryan Specialty Revenue Breakdown

Ryan Specialty Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Binding Authorities$370.15M$320.38M$275.96M$231.05M$209.62M
Wholesale Brokerage$1.60B$1.49B$1.32B$1.13B$931.98M
Underwriting Management$1.02B$646.22M$431.58M$351.57M$290.58M

Ryan Specialty's latest annual revenue breakdown by segment (product or service), as of Dec 25: Wholesale Brokerage (53.44%), Underwriting Management (34.20%), and Binding Authorities (12.36%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Binding Authorities$84.05M$89.64M$94.52M$101.95M$74.62M$76.50M$80.63M$88.64M$67.42M$69.25M$69.78M$69.53M$52.70M$55.61M$59.75M$62.99M$48.19M$52.80M$53.60M
Underwriting Management$268.31M$273.13M$269.17M$213.39M$199.95M$164.97M$155.49M$125.81M$108.58M$109.23M$121.63M$92.14M$86.74M$84.72M$101.25M$78.86M$74.44M$70.67M$80.29M
Wholesale Brokerage$385.69M$376.79M$477.17M$360.79M$374.84M$346.67M$444.13M$323.44M$342.72M$308.87M$381.62M$285.85M$287.97M$267.22M$329.23M$244.83M$255.75M$229.15M$255.96M

Ryan Specialty's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Wholesale Brokerage (52.26%), Underwriting Management (36.35%), and Binding Authorities (11.39%).

Ryan Specialty Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 25Dec 24
UNITED STATES$2.86B$2.39B
Non-US$186.88M$123.73M

Ryan Specialty's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (93.87%), and Non-US (6.13%).

Quarterly Revenue by Country

CountryDec 25Sep 25Jun 25Mar 25
UNITED STATES$696.25M$717.40M$801.49M$649.10M
Non-US$54.96M$37.18M$53.68M$41.07M

Ryan Specialty's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (92.68%), and Non-US (7.32%).

Ryan Specialty Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ACGLArch Capital Group$19.43B$5.11B
LNCLincoln National$18.21B$4.55B
RNRRenaissanceRe$12.79B$3.20B
VOYAVoya Financial$7.50B$1.90B
BOKFBOK Financial$3.33B$210.71M
RYANRyan Specialty$3.05B$754.58M
ESNTEssent Group$1.26B$311.83M
MTGMGIC Investment$1.21B$304.50M
FAFFirst American Financial$641.90M$190.10M

RYAN Revenue FAQ

What is Ryan Specialty’s yearly revenue?

Ryan Specialty's yearly revenue for 2025 was $3.05B, representing an increase of 21.28% compared to 2024. The company's yearly revenue for 2024 was $2.52B, representing an increase of 21.09% compared to 2023. RYAN's yearly revenue for 2023 was $2.08B, representing an increase of 20.42% compared to 2022.

What is Ryan Specialty’s quarterly revenue?

Ryan Specialty's quarterly revenue for Q3 2025 was $754.58M, a -11.76% decrease from the previous quarter (Q2 2025), and a 24.79% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $855.17M, a 23.91% increase from the previous quarter (Q1 2025), and a 21.83% increase year-over-year (Q2 2024). RYAN's quarterly revenue for Q1 2025 was $690.17M, a 4.01% increase from the previous quarter (Q4 2024), and a 23.56% increase year-over-year (Q1 2024).

What is Ryan Specialty’s revenue growth rate?

Ryan Specialty's revenue growth rate for the last 3 years (2023-2025) was 46.86%, and for the last 5 years (2021-2025) was 112.95%.

What are Ryan Specialty’s revenue streams?

Ryan Specialty's revenue streams in c 25 are Binding Authorities, Wholesale Brokerage, and Underwriting Management. Binding Authorities generated $370.16M in revenue, accounting 12.36% of the company's total revenue, up 15.54% year-over-year. Wholesale Brokerage generated $1.6B in revenue, accounting 53.44% of the company's total revenue, up 7.48% year-over-year. Underwriting Management generated $1.02B in revenue, accounting 34.20% of the company's total revenue, up 58.46% year-over-year.

What is Ryan Specialty’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Ryan Specialty was Wholesale Brokerage. This segment made a revenue of $1.6B, representing 53.44% of the company's total revenue.