Ryan Specialty Holdings, Inc. (NYSE: RYAN) announced that the earnings figures released on February 11 were incorrect and that the company will provide corrected results on February 12. The February 11 release had reported a net income of $62.6 million, a figure that actually belongs to the company’s Q3 2025 results, not Q4 2025. The correction will clarify the Q4 2025 financials.
The company’s Q4 2024 revenue was $663.5 million, up 24.5% year‑over‑year, while net income fell 27.3% to $42.6 million. In Q4 2023 revenue was $532.9 million and net income was $58.5 million. Ryan Specialty had previously guided for full‑year 2025 organic revenue growth of 11%‑13%, but in Q2 2025 the guidance was revised to 9%‑11%.
Ryan Specialty has completed seven acquisitions in 2024, expanding its market share and addressable market. The company continues to face headwinds from softening property rates, but has seen strong performance in casualty lines. The correction is expected to provide clearer insight into the company’s revenue mix and profitability for the quarter.
CEO Tim Turner highlighted strong new‑business growth and renewal retention in 2024, while Founder and Executive Chairman Patrick G. Ryan described 2024 as an “outstanding year” with consistent revenue growth. In Q2 2025, Patrick G. Ryan noted the company’s ability to navigate a rapidly evolving insurance market and the resilience of its platform amid a declining property rate environment.
Ryan Specialty has not yet disclosed the corrected revenue or EPS for Q4 2025. Investors and analysts will be awaiting the updated figures to assess the company’s performance against expectations and to refine future forecasts.
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