Ryan Specialty

Q2 FY2026 EarningsQ2 FY26 results beat consensus across most key performance metrics, with total revenue reaching $916.6M vs. $869.9M expected and normalized EPS of $0.74 significantly outperforming the $0.60 mean estimate. While GAAP net income of $108.4M exceeded the consensus of $95.7M, growth was partially offset by a $33.4M restructuring charge related to the 'Empower Program.' Management’s aggressive $600M share repurchase authorization and solid organic growth of 6.7% suggest resilient demand in the E&S market despite a moderate property rate softening.