Ryan Specialty Group Holdings, INC.: management transactions · United States · SEC (Form 4)

About Ryan Specialty Group Holdings, INC.

Ryan Specialty Group Holdings, Inc. (NYSE: RYAN, United States) is a specialty insurance intermediary focused on serving insurance brokers, agents and carriers. The company was founded in 2010 by Patrick G. Ryan, one of the best-known entrepreneurs in the U.S. insurance industry, and later became Ryan Specialty Holdings, Inc. as part of its public-company structure and 2021 IPO. Its headquarters are in Chicago, Illinois, at 155 North Wacker Drive. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000015/ryanspecialty2025arswrap.htm?utm_source=openai)) Ryan Specialty’s business model is built around two core platforms. First, its wholesale brokerage franchise distributes specialty insurance products and helps retail brokers place complex or hard-to-place risks. Second, its delegated authority businesses write and administer business on behalf of carriers through binding authority, underwriting management and national program operations. Together, these platforms cover a broad set of specialty lines, including property, casualty, professional liability, transportation, personal lines, workers’ compensation and employee benefits. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000015/ryanspecialty2025arswrap.htm?utm_source=openai)) From a competitive standpoint, Ryan Specialty occupies an attractive niche within the U.S. specialty and E&S insurance ecosystem. The company competes on underwriting expertise, speed, product design, carrier relationships and the ability to create tailored solutions for complex risks. Its platform is intentionally diversified across distribution channels, product categories and brands, which supports resilience in changing market conditions. Management also highlights an acquisition-led expansion strategy that has broadened both its geographic footprint and its product capabilities over time. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000006/ryan-20251231.htm?utm_source=openai)) Recent developments underscore the company’s momentum. In its 2025 results, Ryan Specialty reported revenue above $3.0 billion, up more than 21% year over year, alongside double-digit organic growth and additional acquisitions completed during the year. Management also pointed to continued growth in delegated authority, the expansion of its reinsurance-related offerings, and new product structures designed to address a volatile and evolving specialty insurance market. For investors, the key attraction is a scaled U.S. specialty insurance platform with recurring fee-like economics, strong market positioning and continued M&A optionality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000015/ryanspecialty2025arswrap.htm?utm_source=openai))