Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE        
Net commissions and fees $ 680,248 $ 573,020 $ 1,218,135 $ 1,020,533
Fiduciary investment income 15,193 12,129 29,352 22,215
Total revenue 695,441 585,149 1,247,487 1,042,748
EXPENSES        
Compensation and benefits 414,049 352,360 787,576 660,082
General and administrative 82,967 81,608 158,834 133,307
Amortization 30,541 24,368 58,529 49,553
Depreciation 2,273 2,177 4,353 4,369
Change in contingent consideration 1,243 1,796 1,178 2,510
Total operating expenses 531,073 462,309 1,010,470 849,821
OPERATING INCOME 164,368 122,840 237,017 192,927
Interest expense, net 31,128 28,881 60,528 58,349
(Income) from equity method investment in related party (3,722) (1,616) (9,328) (3,611)
Other non-operating loss (income) 233 108 1,985 (30)
INCOME BEFORE INCOME TAXES 136,729 95,467 183,832 138,219
Income tax expense 18,691 11,650 25,117 17,945
NET INCOME 118,038 83,817 158,715 120,274
Net income attributable to non-controlling interests, net of tax 71,251 53,739 95,393 77,036
Net income attributable to Ryan Specialty Holdings, Inc. 46,787 30,078 63,322 43,238
Common Class A [Member]        
EXPENSES        
Net income attributable to Ryan Specialty Holdings, Inc. $ 46,787 $ 30,078 $ 63,322 $ 43,238
NET INCOME PER SHARE OF CLASS A COMMON STOCK:        
Earnings (loss) per share - basic $ 0.38 $ 0.27 $ 0.52 $ 0.39
Earnings (loss) per share - diluted $ 0.37 $ 0.26 $ 0.49 $ 0.37
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:        
Basic 118,394,113 112,915,557 118,102,959 111,980,226
Diluted 271,218,549 123,845,655 270,570,458 123,685,098