Article ID: cedc8e2f716c1dbb5017cb64b66e2f84023572469c4552144733e28a0147e5d6
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/ryan-specialty-reports-higher-organic-growth-foresees-moderation/
Body Text
Ryan Specialty reports higher organic growth, foresees moderation - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Ryan Specialty reports higher organic growth, foresees moderation by Richard Sine Timothy W. Turner (left) and Patrick G. Ryan Agents and Brokers , Catastrophes , Financial Results Ryan Specialty Apr 30, 2026 Ryan Specialty reported strong organic growth in the most recent quarter but warned of a sharp slowdown for the year due to continuing declining property pricing and increasing competition. The Chicago-based specialty intermediary posted an 11.8% organic revenue growth rate, down slightly from 12.9% in the prior-year period. But it projected that organic growth for the full year would be in the “mid-single digits.” CEO Timothy W. Turner said property rates continue to decline, with large and catastrophe-exposed accounts down 25%-35%. “Competition intensified broadly, including in the admitted market,” he said. In casualty, “in high-hazard, large-account classes … loss trends driven by social inflation continue to drive meaningful rate increases, in some cases exceeding 10%. At the same time, there is growing competition for small and medium hazard risk.” Company founder Patrick G. Ryan expressed surprise at how quickly rates had declined. “It’s a risky world out there. The risks have not diminished, they’ve just taken a hiatus … We’re one big storm away from some adjustments.” Mr. Turner expressed continued confidence in the growth of the E&S market. “We continue to see 8%-plus growth of new E&S business, so the flow remains very strong and very healthy, and we’re capturing more of that. We’re outpacing that. It’s just that prices are coming down…But in terms of our market share, we’re gaining market share all the time.” Total revenue was $795.2 million, up 15% from the prior year, driven by organic growth and mergers and acquisitions. Net income was $40.6 million, compared with a $4.4 million loss in the first quarter of last year. Adjusted earnings before interest, depreciation, amortization and coronavirus increased 15.7%, and margin increased 29.2%, compared with the prior-year period. Last year, the company announced a three-year, $160 million restructuring initiative to increase automation and improve efficiency. The program is expected to generate at least $80 million in annual savings starting in 2029. “AI-enabled and automated submission processing has reduced turnaround times from approximately 24 hours to under two hours, and looks promising to scale,” Mr. Turner said. In its reinsurance business, underwriters can evaluate about 10 times as many submissions as before. Earlier this year, insurance brokers’ share prices were hit amid concerns about disintermediation by AI-based companies and services. Mr. Turner said AI would help the company focus on its value proposition of providing expertise in specialty lines. “Disintermediation risk rises as complexity falls. Ryan Specialty’s portfolio sits on the other end of that spectrum.” Related News Gallagher profits on AssuredPartners buy, commissions, fees growth April 30, 2026 FM to issue $1.5B in membership credits April 30, 2026 AIG’s Q1 profit surges on steep fall in catastrophe losses April 30, 2026 Gallagher appoints chief digital officer, US retail April 30, 2026 AF Specialty, Applied team up on US surety programs April 30, 2026 USQRisk names global head of structured reinsurance April 30, 2026 WTW organic revenue growth slows; pulls back on outlook April 30, 2026 Marsh promotes Joanne Silberberg to energy, power leader April 30, 2026 Rural hospital closures disrupt care access but not claim costs: WCRI April 30, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
Metadata (JSON)
{
"score": 15.15
}