Ryan Specialty (NYSE:RYAN), a leading provider of specialty insurance solutions, reported its second quarter 2025 results on July 31, 2025. The company posted GAAP revenue of $855.2 million, surpassing analyst expectations of $832.0 million, and adjusted diluted earnings per share (non-GAAP) of $0.66, a slight beat over the $0.65 consensus. Organic revenue growth rate (non-GAAP) was 7.1%, down from 14.2% in Q2 2024, coming in below company guidance for full year 2025 of 9.0%–11.0% and below historical trends. The quarter reflected solid execution and acquisition-fueled gains, but Management lowered full-year 2025 guidance for organic revenue growth rate to 9.0%–11.0% (previously 11.0%–13.0%) and adjusted EBITDAC margin to 32.5%–33.0% (previously 32.5%–33.5%) amid ongoing softness in the property insurance market. Overall, the results exceeded expectations, but underlying trends require close attention in the periods ahead.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.

Ryan Specialty operates as a specialized intermediary focused on the excess and surplus (E&S) insurance market. The E&S market provides insurance for complex or high-risk situations that traditional insurers may decline to cover. This specialization enables the company to deliver custom insurance solutions where standard coverage is not available or insufficient.

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Source Fool.com