RYAN: revenue $795.2M, net income $17.6M. Ryan Specialty launches restructuring, slows to 15.2% organic growth

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read

Key Changes

• high

  Initiated three-year Empower Program restructuring with in cumulative charges through 2028, targeting annual savings by 2029. Q1 2026 incurred in restructuring costs while maintaining 29.2% EBITDAC margin.

  MD&A: Empower Program verify on EDGAR →
• high

  Organic revenue growth decelerated from 12.9% to 11.8% year-over-year, driven by property rate softening and retailers placing coverage directly. Management expects these headwinds may persist throughout 2026.

  MD&A: Organic Growth & Property Market verify on EDGAR →
• high

  Board authorized new share repurchase program in February 2026, signaling confidence in capital allocation alongside 8.3% dividend increase to per share.

  MD&A: Capital Allocation verify on EDGAR →