Ryan Specialty, an international specialty insurance distribution firm, has reported total revenue of $916.6 million for the second quarter of 2026, an increase of 7.2% from $855.2 million in the same period last year.
According to the company, growth was supported primarily by organic revenue growth of 6.7% during the quarter, compared with 7.1% a year earlier. Net commissions and fees increased 7.4% to $902.7 million from $840.9 million.
Ryan Specialty reported net income of $108.4 million for the quarter, down 13.1% from $124.7 million in the prior-year period. Diluted earnings per share were $0.33, compared with $0.38 a year earlier.
The company said adjusted EBITDAC increased 6.0% year on year to $326.9 million from $308.4 million, while the adjusted EBITDAC margin edged down to 35.7% from 36.1%.
Ryan Specialty also reported adjusted net income of $198.7 million, up 7.6% from $184.7 million in the second quarter of 2025. Adjusted diluted earnings per share increased 12.1% to $0.74 from $0.66.
During the quarter, Ryan Specialty returned approximately $284.5 million to shareholders through the repurchase of $260 million of Class A common shares, representing 8.1 million shares, and $24.5 million in dividends and distributions.
“We are proud of our excellent second quarter performance, especially given the very challenging environment, as we continue to deliver for our clients and carrier trading partners,” commented Patrick G. Ryan, Founder and Executive Chairman of Ryan Specialty.
“We grew total revenue 7.2%, driven primarily by organic growth of 6.7%. We grew Adjusted EBITDAC by 6.0% and Adjusted Diluted EPS by 12.1%. These results speak to the exceptional efforts of our brokers and underwriters, and to the differentiated, scalable platform we’ve built – one we believe is exceedingly difficult to replicate.
“Our consistent ability to anticipate specialty insurance needs and deliver unique, innovative solutions has positioned us with one of the broadest and most diverse product portfolios in the industry, spanning wholesale brokerage, delegated authority, reinsurance, benefits and alternative capital solutions.
He continued: “We also continued to return capital to shareholders through our dividend, repurchasing shares worth $260 million during the quarter, and expanding our repurchase authorisation by an additional $300 million. As we move through the back half of the year, we remain confident that our platform, our talent, and our culture will continue to fuel durable, industry-leading growth, attractive margins, and further enhance our position as a leader in specialty insurance for years to come.”
“It was another standout quarter for Ryan Specialty as we continued to focus on delivering for our clients,” added Timothy W. Turner, Chief Executive Officer of Ryan Specialty.
“Positioned at the top of both specialty distribution and underwriting, the platform we’ve built over the past 16 years enables us to anticipate, identify, and meet the most pressing needs of our clients, even in the most challenging environments.
“Propelled by incredible talent and deep client and carrier relationships, and enhanced by our ongoing investments in technology, AI, and data that will extend our moat, we are confident these advantages will continue to compound, driving durable, long-term value for our shareholders.”
