Ryan Specialty (RSG) Reports Q4 Revenue Down, Net Income Falls 12%

Ryan Specialty Holdings (RSG) released its Q4 results, reporting a decline in net income by 12% to $34.8 million, or $0.27 per share, versus $38.3 million, or $0.31 per share, in the same period of 2025. Revenue for the quarter fell 10% to $1.02 billion from $1.13 billion. The results reflect continued pressure from pricing declines and lower demand in the global specialty insurance market. The company attributed the performance to macroeconomic headwinds and ongoing rate reductions in key markets.