FinEdge Labs
R

RYAN

RYANReviewed
3 segments tracked|4 years of data|Annual (10-K)
Total Revenue
$2.5B21.2%
FY2024
Operating Segments
3
Active segments
Blended Margin
0.0%
Operating margin
Highest Margin
0.0%
Wholesale Brokerage
Segment Shift

Wholesale Brokerage has grown from 65.1% to 60.6% of total revenue since FY2021, with 0.0% operating margins. Meanwhile, Underwriting Management is the fastest growing at +49.7% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2024

SegmentRevenueOp. IncomeMargin% of TotalYoY
Wholesale Brokerage$1.5B$00.0%60.6%+12.9%
Underwriting Management$646M$00.0%26.3%+49.7%
Binding Authorities$320M$00.0%13.0%+16.1%

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