Ryan Specialty (RYAN) Stock Analysis

November 11, 2026

This is a peer-relative look at Ryan Specialty (RYAN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Ryan Specialty (RYAN)
Profile Item	RYAN
Name	Ryan Specialty Holdings Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Insurance Brokers
Market Capitalization	12.10 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 22, 2021
Security Type	Common Stock

Price Performance

Cumulative Growth

RYAN

GSPC

Ryan Specialty (RYAN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ryan Specialty (RYAN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ryan Specialty (RYAN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Total Return (1Y)	-17.50%	13.21%
Total Return (3Y, Annualized)	2.91%	16.41%
Total Return (5Y, Annualized)	5.30%	10.37%

Risk Profile

Drawdown History

RYAN

GSPC

Ryan Specialty (RYAN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ryan Specialty (RYAN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Volatility (1Y, Annualized)	43.93%	28.84%
Beta (5Y)	0.52	0.50
Max Drawdown (5Y)	-60.94%	-38.77%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. RYAN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Sharpe Ratio (1Y)	-0.50	0.28
Sortino Ratio (1Y)	-0.67	0.41

Profitability

ROE (TTM)

Ryan Specialty (RYAN) posts ROE of 25.15%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

RYAN

Insurance industry group

25.15%

Group distribution

Max: 41.68%
RYAN: 25.15%
Q3: 22.04%
Median: 14.81%
Q1: 8.79%
Min: -10.66%

Largest peers

PGR: 33.24%
TRV: 27.50%
MRSH: 27.24%
RYAN: 25.15%
CB: 14.25%
MFC: 12.24%
AJG: 7.21%

Where Ryan Specialty (RYAN) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Ryan Specialty (RYAN) keeps 3.27% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

RYAN

Insurance industry group

3.27%

Group distribution

Max: 29.92%
Q3: 17.03%
Median: 10.97%
Q1: 6.21%
RYAN: 3.27%
Min: -4.68%

Largest peers

MFC: 18.97%
CB: 18.13%
TRV: 17.03%
MRSH: 14.20%
PGR: 12.67%
AJG: 10.78%
RYAN: 3.27%

Where Ryan Specialty (RYAN) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Ryan Specialty (RYAN) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
ROE (TTM)	25.15%	14.81%
ROA (TTM)	3.79%	2.72%
Net Margin (TTM)	3.27%	10.97%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Ryan Specialty (RYAN) grew revenue 21.28%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Ryan Specialty (RYAN): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

Ryan Specialty (RYAN) grew earnings per share -33.80%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Ryan Specialty (RYAN): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Revenue Growth (YoY)	21.28%	7.89%
Revenue Growth (3Y CAGR)	20.93%	11.40%
EPS Growth (YoY)	-33.80%	21.77%
EPS Growth (3Y CAGR)	-3.31%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Ryan Specialty (RYAN) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Ryan Specialty (RYAN) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Ryan Specialty (RYAN) has dividend yield of 1.06%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

RYAN

Insurance industry group

1.06%

Group distribution

Max: 5.12%
Q3: 2.15%
RYAN: 1.06%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

Largest peers

MFC: 4.32%
MRSH: 1.80%
TRV: 1.17%
CB: 1.07%
RYAN: 1.06%
AJG: 0.95%
PGR: 0.17%

Where Ryan Specialty (RYAN) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Ryan Specialty (RYAN) has payout ratio of 63.75%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

RYAN

Insurance industry group

63.75%

Group distribution

Max: 76.67%
RYAN: 63.75%
Q3: 35.18%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.03%
RYAN: 63.75%
MFC: 54.30%
MRSH: 44.14%
AJG: 41.98%
CB: 13.95%
TRV: 12.36%

Where Ryan Specialty (RYAN) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
Dividend Yield (TTM)	1.06%	0.98%
Dividend Payout Ratio (TTM)	63.75%	14.74%

Valuation

P/E Ratio (TTM)

Ryan Specialty (RYAN) trades at P/E ratio of 59.66, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.

RYAN

Insurance industry group

59.66

Group distribution

RYAN: 59.66
Max: 28.37
Q3: 18.75
Median: 12.23
Q1: 9.08
Min: 2.32

Largest peers

RYAN: 59.66
AJG: 42.99
MRSH: 24.50
MFC: 17.23
CB: 12.79
PGR: 11.47
TRV: 10.39

Where Ryan Specialty (RYAN) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Ryan Specialty (RYAN) trades at 3.78 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

RYAN

Insurance industry group

3.78

Group distribution

Max: 4.03
RYAN: 3.78
Q3: 2.25
Median: 1.23
Q1: 0.85
Min: 0.07

Largest peers

AJG: 4.58
RYAN: 3.78
MRSH: 3.42
CB: 2.25
MFC: 2.11
TRV: 1.66
PGR: 1.44

Where Ryan Specialty (RYAN) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Ryan Specialty (RYAN) trades at 12.86 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

RYAN

Insurance industry group

12.86

Group distribution

RYAN: 12.86
Max: 5.07
Q3: 2.79
Median: 1.76
Q1: 1.23
Min: 0.30

Largest peers

RYAN: 12.86
MRSH: 6.64
PGR: 3.82
AJG: 3.00
TRV: 2.79
MFC: 2.13
CB: 1.91

Where Ryan Specialty (RYAN) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Ryan Specialty (RYAN) metric values compared with Insurance industry-group medians
Metric	Current stock: RYAN	Industry group median
P/E Ratio (TTM)	59.66	12.23
P/S Ratio (TTM)	3.78	1.23
P/B Ratio (MRQ)	12.86	1.76
Free Cash Flow Yield (TTM)	--	--