Ryan Specialty (RYAN)
Market Price (2/20/2026): $41.315 | Market Cap: $5.3 BilSector: Financials | Industry: Insurance Brokers
Ryan Specialty (RYAN)
Market Price (2/20/2026): $41.315Market Cap: $5.3 BilSector: FinancialsIndustry: Insurance Brokers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -69% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 84x | |
| Attractive yieldFCF Yield is 11% | Key risksRYAN key risks include [1] pricing pressure from softening P&C markets impacting its organic growth guidance and [2] expense management challenges that threaten its ability to meet profitability targets. | |
| Low stock price volatilityVol 12M is 36% | ||
| Megatrend and thematic driversMegatrends include Cybersecurity, AI in Financial Services, and Digital & Alternative Assets. Themes include Software Security, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% |
| Attractive yieldFCF Yield is 11% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Cybersecurity, AI in Financial Services, and Digital & Alternative Assets. Themes include Software Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -69% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 84x |
| Key risksRYAN key risks include [1] pricing pressure from softening P&C markets impacting its organic growth guidance and [2] expense management challenges that threaten its ability to meet profitability targets. |
Qualitative Assessment
AI Analysis | Feedback
1. Ryan Specialty reported Fourth Quarter 2025 earnings that broadly missed analyst expectations. The company's adjusted earnings per share (EPS) of $0.45 fell short of the $0.49 analyst estimate, while revenue of $751.2 million was below consensus forecasts ranging from $771 million to $777.16 million. Additionally, net income for the quarter decreased by 26.6% year-over-year to $31.2 million, and the adjusted EBITDAC margin contracted to 29.6% from 32.6% in the prior year period, primarily due to higher operating expenses.
2. The company faced significant headwinds from a challenging property insurance market. CEO Timothy Turner characterized 2025 as the "most challenging property environment the insurance industry has faced in decades," with Q4 being particularly difficult due to a further decline in property pricing. Notably, rates on certain large accounts were down 25% to 35% in December, impacting revenue and margins.
Show more
Stock Movement Drivers
Fundamental Drivers
The -24.4% change in RYAN stock from 10/31/2025 to 2/19/2026 was primarily driven by a -16.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.69 | 41.33 | -24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,963 | 3,051 | 3.0% |
| Net Income Margin (%) | 2.3% | 2.1% | -11.0% |
| P/E Multiple | 101.1 | 84.2 | -16.7% |
| Shares Outstanding (Mil) | 128 | 129 | -1.0% |
| Cumulative Contribution | -24.4% |
Market Drivers
10/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| RYAN | -24.4% | |
| Market (SPY) | 0.4% | -13.8% |
| Sector (XLF) | -0.4% | 22.8% |
Fundamental Drivers
The -32.2% change in RYAN stock from 7/31/2025 to 2/19/2026 was primarily driven by a -44.4% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.94 | 41.33 | -32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,654 | 3,051 | 15.0% |
| Net Income Margin (%) | 1.9% | 2.1% | 9.2% |
| P/E Multiple | 151.4 | 84.2 | -44.4% |
| Shares Outstanding (Mil) | 125 | 129 | -2.9% |
| Cumulative Contribution | -32.2% |
Market Drivers
7/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| RYAN | -32.2% | |
| Market (SPY) | 8.6% | -2.3% |
| Sector (XLF) | -0.1% | 28.1% |
Fundamental Drivers
The -37.5% change in RYAN stock from 1/31/2025 to 2/19/2026 was primarily driven by a -52.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.08 | 41.33 | -37.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,385 | 3,051 | 27.9% |
| Net Income Margin (%) | 4.4% | 2.1% | -52.2% |
| P/E Multiple | 77.6 | 84.2 | 8.5% |
| Shares Outstanding (Mil) | 122 | 129 | -5.6% |
| Cumulative Contribution | -37.5% |
Market Drivers
1/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| RYAN | -37.5% | |
| Market (SPY) | 14.7% | 21.4% |
| Sector (XLF) | 2.4% | 37.6% |
Fundamental Drivers
The -1.2% change in RYAN stock from 1/31/2023 to 2/19/2026 was primarily driven by a -34.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.81 | 41.33 | -1.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,669 | 3,051 | 82.8% |
| Net Income Margin (%) | 3.2% | 2.1% | -34.8% |
| P/E Multiple | 86.0 | 84.2 | -2.1% |
| Shares Outstanding (Mil) | 109 | 129 | -15.3% |
| Cumulative Contribution | -1.2% |
Market Drivers
1/31/2023 to 2/19/2026| Return | Correlation | |
|---|---|---|
| RYAN | -1.2% | |
| Market (SPY) | 74.7% | 23.3% |
| Sector (XLF) | 49.2% | 35.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RYAN Return | 47% | 3% | 4% | 51% | -19% | -22% | 50% |
| Peers Return | 33% | 2% | 14% | 33% | -8% | -10% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| RYAN Win Rate | 100% | 50% | 42% | 75% | 42% | 0% | |
| Peers Win Rate | 63% | 45% | 53% | 72% | 52% | 10% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RYAN Max Drawdown | 0% | -20% | -14% | -2% | -21% | -25% | |
| Peers Max Drawdown | -10% | -19% | -7% | -2% | -16% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AJG, BRO, AON, WTW, KNSL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/19/2026 (YTD)
How Low Can It Go
| Event | RYAN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -30.2% | -25.4% |
| % Gain to Breakeven | 43.2% | 34.1% |
| Time to Breakeven | 284 days | 464 days |
Compare to AJG, BRO, AON, WTW, KNSL
In The Past
Ryan Specialty's stock fell -30.2% during the 2022 Inflation Shock from a high on 8/15/2022. A -30.2% loss requires a 43.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ryan Specialty (RYAN)
AI Analysis | Feedback
```html- The Goldman Sachs of specialty insurance brokerage.
- The McKinsey of difficult-to-place insurance risks.
- ASML for the specialty insurance market.
AI Analysis | Feedback
- Wholesale Brokerage: Connecting retail insurance agents and brokers with specialty insurance carriers to secure coverage for complex and challenging risks.
- Binding Authority: Providing retail brokers with direct access and delegated authority to place specific types of specialty insurance coverage on behalf of partner carriers.
- Underwriting Management (MGUs): Designing and administering specialized insurance programs, including underwriting, policy issuance, and claims management, on behalf of insurance carriers for niche market segments.
- Proprietary Programs: Developing and managing bespoke insurance solutions tailored for unique industries, professions, or complex risk profiles that are difficult to place in the standard market.
AI Analysis | Feedback
Ryan Specialty (RYAN) - Major Customers
Ryan Specialty (NYSE: RYAN) is a leading international specialty insurance firm that primarily sells its services to other companies rather than directly to individuals. The company's business model encompasses two main platforms:
- Wholesale Brokerage: Facilitating the placement of complex or hard-to-place specialty insurance risks for retail insurance brokers with specialty insurance carriers.
- Underwriting Management: Acting as a delegated authority for insurance carriers and reinsurers to underwrite and bind coverage for specific programs and products.
According to Ryan Specialty's annual filings (10-K), the company does not have any single "major customer" that accounts for 10% or more of its total commissions and fees. Their client base is highly diversified; no single retail broker client or carrier partner met this disclosure threshold in 2023, 2022, or 2021.
However, the company serves two primary categories of business customers:
- Retail Insurance Brokers: These are the professional intermediaries who directly advise businesses and individuals on their insurance needs. Ryan Specialty provides them access to a broad market of specialty insurance options. The company serves approximately 15,000 retail brokers across the U.S. and internationally.
- Insurance Carriers and Reinsurers: These are the entities that provide capital and assume the underlying insurance risk. Through its underwriting management platform, Ryan Specialty works on behalf of approximately 60 insurance carriers and reinsurers globally.
Due to the broad distribution of its customer base across these two categories of companies, specific names of individually significant major customers are not applicable or disclosed.
AI Analysis | Feedback
nullAI Analysis | Feedback
Patrick G. Ryan, Executive Chairman
Patrick G. Ryan founded Ryan Specialty in 2010. Prior to that, he founded Aon Corporation in 1965 and served as its Chairman and CEO for 41 to 44 years. Upon his retirement from Aon, the company had over 500 offices in 120 countries and annual revenues exceeding $7 billion. Mr. Ryan also founded a college scrapbook business during his undergraduate years to fund his education.
Timothy W. Turner, Chief Executive Officer
Timothy W. Turner became Chief Executive Officer of Ryan Specialty on October 1, 2024. He joined Ryan Specialty in 2010 and was instrumental in creating and developing RT Specialty, the company's wholesale brokerage unit, into a leading distributor of specialty insurance solutions. Mr. Turner has over 37 years of experience in the insurance industry, including a tenure as President of CRC Insurance Services, Inc.
Janice M. Hamilton, Chief Financial Officer
Janice M. Hamilton was promoted to Chief Financial Officer of Ryan Specialty on October 1, 2024. She has been with Ryan Specialty for over six years, serving as Chief Accounting Officer since 2021 and previously as Controller from 2018 to 2022. Ms. Hamilton has more than 20 years of experience in both U.S. and international insurance markets, and prior to joining Ryan Specialty, she served as CFO for AmTrust International.
Jeremiah R. Bickham, President
Jeremiah R. Bickham became President of Ryan Specialty on October 1, 2024. He previously served as Chief Financial Officer since 2021, and before that, he was Treasurer for nearly six years and Head of Corporate Development. Mr. Bickham joined Ryan Specialty in 2011 and played a critical role in establishing the company's treasury department and was significantly involved in the firm's merger and acquisition activities, leading that function from 2018 to 2021. Before joining Ryan Specialty, he worked at KPMG, LLP as a research analyst and in the audit practice. He is a Certified Public Accountant and holds an MBA from the Kellogg School of Management at Northwestern University, as well as a Master of Professional Accounting and a Bachelor of Business Administration from the University of Texas at Austin.
Miles Wuller, Executive Vice President, Chief Operating Officer
Miles Wuller serves as the Executive Vice President and Chief Operating Officer of Ryan Specialty Group.
AI Analysis | Feedback
The key risks to Ryan Specialty's business operations include softening market conditions and pricing pressure, challenges in expense management, and the impact of broader macroeconomic conditions.
Softening Market Conditions and Pricing Pressure: Ryan Specialty is facing increased competition and a deceleration in pricing power within the property and casualty (P&C) insurance sector, particularly in surplus lines. The Excess and Surplus (E&S) insurance market, where Ryan Specialty is a prominent player, is experiencing softening pricing, with average rate decreases for property lines estimated between 12.5% and 22.5%. Specifically, property rate reductions of 20% to 30% are anticipated due to benign hurricane activity. This environment places significant pressure on the company's margins and organic growth rates, leading to a downward revision of its full-year 2025 organic growth guidance.
Expense Management: The company has encountered challenges with higher-than-expected expenses, which have impacted its overall profitability and led to missed earnings expectations in recent quarters. Difficulties in managing general and administrative costs, along with employee compensation, have specifically affected Ryan Specialty's bottom line. This trend could hinder the company's ability to achieve its target of a 35% adjusted EBITDAC margin by 2027.
Macroeconomic Conditions: Ryan Specialty's growth, particularly in lines such as project-based construction and M&A transactional liability insurance, is partially dependent on broader macroeconomic factors. Periods of economic decline, tight credit markets, and persistently elevated borrowing costs can dampen underlying business activity, thereby creating headwinds for the company's growth and premium volumes.
AI Analysis | Feedback
nullAI Analysis | Feedback
Ryan Specialty (RYAN) operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers, primarily acting as a wholesale broker and a managing underwriter. Their main services include wholesale brokerage, binding authority, and underwriting management, focusing on bespoke, complex, or larger risks within the specialty insurance market. This largely encompasses the Excess & Surplus (E&S) market. The addressable market for Ryan Specialty's main products and services is primarily the U.S. Excess & Surplus (E&S) market. This market was estimated to be $130 billion in 2024. According to a September 2023 market segment report, Ryan Specialty identified an "Underlying E&S Market" of approximately $98 billion in the U.S., of which they can access 74%. The E&S market in the U.S. represents approximately 24-26% of the commercial insurance market.AI Analysis | Feedback
Below are 3-5 expected drivers of future revenue growth for Ryan Specialty (RYAN) over the next 2-3 years:- Organic Expansion through New Business and Deepening Client Relationships: Ryan Specialty consistently emphasizes its ability to win substantial new business and maintain high renewal retention as a key driver of organic revenue growth. The company aims to deepen and broaden its relationships with existing retail brokers and access a vast network of insurance brokerage firms. This strategy has been a consistent factor in their strong organic growth performance.
- Strategic Acquisitions (M&A): A disciplined, long-term M&A strategy is a significant component of Ryan Specialty's growth. The company actively targets high-quality businesses with differentiated talent to expand capabilities and market presence. Recent acquisitions have contributed meaningfully to their top-line revenue.
- Expansion of the Excess & Surplus (E&S) Market: Ryan Specialty is strategically positioned in the rapidly expanding E&S market, which continues to outpace the admitted market's growth. The increasing complexity of risks and the steady flow of business into the E&S channel are structural tailwinds that are expected to drive long-term growth for the company.
- Leveraging Delegated Underwriting Authority and New Product Development: The company's leadership in delegated underwriting authority and its focus on creating proprietary products and launching new Managing General Underwriters (MGUs) and programs are vital for growth. Ryan Specialty capitalizes on market needs to enhance its product capabilities.
- Talent Acquisition and Development: Attracting, retaining, and developing top-tier talent, including through new hires and de novo operations, is a strategic avenue for growth. Ryan Specialty's focus on human capital ensures it has the specialized intellectual capital to generate new business and maintain its competitive edge.
AI Analysis | Feedback
Share Repurchases:- Ryan Specialty has reported $0.00 in annual share buybacks, indicating no significant share repurchases have been made.
- Ryan Specialty completed its Initial Public Offering (IPO) on July 22, 2021, by issuing 57 million shares of Class A common stock at $23.50 per share, resulting in gross proceeds of $1,337.6 million.
- The company received net proceeds of approximately $1,259.1 million from the IPO.
- As of February 17, 2025, Ryan Specialty had 261,905,901 shares of common stock outstanding.
- In September 2025, Ryan Specialty launched Ryan Alternative Capital Re, Ltd., a collateralized reinsurance sidecar, which secured approximately $400 million in funding from investment firms Flexpoint Ford, LLC and Sixth Street.
- Ryan Specialty acquired All Risks in September 2020.
- In 2024, the company completed seven acquisitions, adding over $265 million in annualized revenue, which included Castel Underwriting Agencies Limited, US Assure Insurance Services, and Innovisk Capital Partners.
- In 2025, significant acquisitions included USQRisk Holdings, LLC (completed May 1, 2025) for approximately $11 million in incremental operating revenue, 360° Underwriting (May 2025), J.M. Wilson Corporation (agreement in June 2025) for approximately $19 million of operating revenue, and Stewart Specialty Risk Underwriting Ltd. (agreement in October 2025) for approximately CAD$18 million (USD$13 million) in operating revenue.
Latest Trefis Analyses
Trade Ideas
Select ideas related to RYAN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -19.1% | -19.1% | -23.8% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.6% | -7.6% | -9.2% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -22.6% | -22.6% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -23.9% | -23.9% | -26.8% |
| 01022026 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -2.9% | -2.9% | -6.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 259.69 |
| Mkt Cap | 26.3 |
| Rev LTM | 7,786 |
| Op Inc LTM | 2,475 |
| FCF LTM | 1,382 |
| FCF 3Y Avg | 1,157 |
| CFO LTM | 1,526 |
| CFO 3Y Avg | 1,312 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.9% |
| Rev Chg 3Y Avg | 16.4% |
| Rev Chg Q | 16.1% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Mgn LTM | 24.6% |
| Op Mgn 3Y Avg | 24.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 20.7% |
| CFO/Rev 3Y Avg | 21.6% |
| FCF/Rev LTM | 18.8% |
| FCF/Rev 3Y Avg | 19.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 26.3 |
| P/S | 4.0 |
| P/EBIT | 13.2 |
| P/E | 20.5 |
| P/CFO | 17.2 |
| Total Yield | 5.5% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.9% |
| 3M Rtn | -8.8% |
| 6M Rtn | -23.1% |
| 12M Rtn | -24.9% |
| 3Y Rtn | 15.7% |
| 1M Excs Rtn | -10.8% |
| 3M Excs Rtn | -13.3% |
| 6M Excs Rtn | -30.1% |
| 12M Excs Rtn | -36.4% |
| 3Y Excs Rtn | -47.8% |
Price Behavior
| Market Price | $41.33 | |
| Market Cap ($ Bil) | 5.3 | |
| First Trading Date | 07/22/2021 | |
| Distance from 52W High | -45.2% | |
| 50 Days | 200 Days | |
| DMA Price | $49.49 | $57.63 |
| DMA Trend | down | down |
| Distance from DMA | -16.5% | -28.3% |
| 3M | 1YR | |
| Volatility | 45.1% | 36.3% |
| Downside Capture | 26.68 | 38.75 |
| Upside Capture | -157.19 | -18.25 |
| Correlation (SPY) | -7.7% | 21.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.54 | -0.27 | -0.45 | -0.15 | 0.43 | 0.47 |
| Up Beta | -0.34 | -0.09 | 0.03 | 0.11 | 0.57 | 0.54 |
| Down Beta | -0.42 | -0.41 | -0.89 | 0.08 | 0.49 | 0.49 |
| Up Capture | -125% | -114% | -65% | -41% | 2% | 13% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 18 | 29 | 58 | 120 | 388 |
| Down Capture | -3% | 86% | -4% | -15% | 51% | 68% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 23 | 32 | 67 | 130 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RYAN | |
|---|---|---|---|---|
| RYAN | -40.3% | 36.3% | -1.35 | - |
| Sector ETF (XLF) | 1.0% | 19.4% | -0.07 | 37.8% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 21.3% |
| Gold (GLD) | 71.2% | 25.5% | 2.08 | -8.5% |
| Commodities (DBC) | 7.3% | 16.9% | 0.25 | 1.8% |
| Real Estate (VNQ) | 6.4% | 16.7% | 0.20 | 29.5% |
| Bitcoin (BTCUSD) | -30.2% | 44.9% | -0.66 | 3.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RYAN | |
|---|---|---|---|---|
| RYAN | 8.9% | 33.5% | 0.34 | - |
| Sector ETF (XLF) | 12.7% | 18.7% | 0.55 | 34.3% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 32.0% |
| Gold (GLD) | 22.0% | 17.1% | 1.05 | -2.5% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | -0.5% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 33.2% |
| Bitcoin (BTCUSD) | 6.9% | 57.1% | 0.34 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RYAN | |
|---|---|---|---|---|
| RYAN | 4.4% | 33.5% | 0.34 | - |
| Sector ETF (XLF) | 14.3% | 22.2% | 0.59 | 34.3% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 32.0% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | -2.5% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | -0.5% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 33.2% |
| Bitcoin (BTCUSD) | 67.7% | 66.7% | 1.07 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/12/2026 | -12.8% | ||
| 10/30/2025 | 8.1% | 12.4% | 11.6% |
| 7/31/2025 | -5.5% | -2.7% | -7.4% |
| 5/1/2025 | 3.2% | 8.2% | 11.2% |
| 2/20/2025 | -4.7% | 2.1% | 3.7% |
| 10/30/2024 | -4.5% | -0.0% | 9.5% |
| 8/1/2024 | 9.7% | 4.7% | 3.6% |
| 2/27/2024 | 7.5% | 13.4% | 18.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 8 | 10 |
| # Negative | 9 | 6 | 4 |
| Median Positive | 5.7% | 6.1% | 7.0% |
| Median Negative | -4.7% | -4.2% | -7.1% |
| Max Positive | 9.7% | 13.4% | 18.7% |
| Max Negative | -23.2% | -22.1% | -9.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Turner, Timothy William | Chief Executive Officer | Direct | Sell | 12142025 | 53.61 | 129,570 | 6,946,248 | 672,966 | Form |
| 2 | Ryan, Patrick G | Executive Chairman | Insider Living Trusts | Buy | 9142025 | 51.84 | 276,634 | 14,340,264 | 710,183,955 | Form |
| 3 | Ryan, Patrick G Jr | Direct | Buy | 9022025 | 55.54 | 100 | 5,554 | 14,229,018 | Form | |
| 4 | Katz, Mark Stephen | EVP & General Counsel | Direct | Sell | 6172025 | 65.84 | 14,377 | 946,603 | 73,545 | Form |
| 5 | Bolger, David P | David P. Bolger Revocable Trust dated 10/30/1995 | Sell | 6052025 | 70.80 | 5,000 | 353,975 | 5,059,506 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Insurance Brokers Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.