Ryan Specialty Holdings, Inc. revenue by segment RYAN

Ryan Specialty Holdings, Inc. splits its revenue into 3 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Wholesale Brokerage at $1.6 billion, 53% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
3,199
2,995
2,456
2,078
1,725
1,432
Wholesale Brokerage
1,657
+4.2%
share 51.8%
1,600
+7.5%
share 53.4%
1,489
+12.9%
share 60.6%
1,319
+16.8%
share 63.5%
1,129
+21.2%
share 65.5%
932
share 65.1%
Underwriting Management
1,155
+20.9%
share 36.1%
1,024
+58.5%
share 34.2%
646
+49.7%
share 26.3%
432
+22.8%
share 20.8%
352
+21.0%
share 20.4%
291
share 20.3%
Binding Authorities
387
+7.3%
share 12.1%
370
+15.5%
share 12.4%
320
+16.1%
share 13.0%
276
+19.4%
share 13.3%
231
+10.2%
share 13.4%
210
share 14.6%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Insurance Agents, Brokers & Service (SIC 6411)
Listed as
RYAN (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Chicago, IL
SEC filer status
Large accelerated filer
SEC CIK
1849253
Former names
RYAN SPECIALTY GROUP HOLDINGS, INC. (until May 18, 2022); MAVERICK SPECIALTY, INC. (until Apr 23, 2021)

Other Insurance Agents, Brokers & Service companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.