Ryan Specialty Posts Q3 Net Income of $88 Million, Beats Analyst Estimates

Ryan Specialty Group Holdings Inc. (RYAN) reported third-quarter net income of $88 million, or 29 cents per share, on Thursday, beating Wall Street expectations. Adjusted for non-recurring costs, earnings were 51 cents per share, topping the 49-cent average estimate from six analysts surveyed by Zacks Investment Research. The Chicago-based insurance company posted revenue of $790 million for the period, exceeding the $788.8 million forecast by four Zacks analysts.