Here are the 10-K annual reports from Ryan Specialty Holdings, Inc. (RYAN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RYAN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RYAN filings page.
Ryan Specialty Holdings files its annual report describing a fast-growing specialty insurance intermediary focused on the excess and surplus (E&S) market. For 2025, revenue rose 21.3%, driven by Wholesale Brokerage, Binding Authority, and Underwriting Management operations.
Wholesale Brokerage generated $1,600.4 million in net commissions and fees, Binding Authority $370.2 million, and Underwriting Management $1,024.0 million. Diluted earnings per share were $0.47 versus $0.71 in 2024, while Adjusted diluted EPS increased from $1.79 to $1.96, reflecting strong underlying performance despite higher investments and non‑GAAP adjustments.
The company emphasizes its leadership in the E&S market, where 78% of 2025 premiums were placed, and highlights consolidation among retail brokers and carriers as a tailwind. It reports strategic acquisitions in 2025, expanded international MGAs/MGUs, and ongoing investments in technology, including generative AI and the RT Connector digital marketplace, to support scalability and innovation.