Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 612,437 $ 838,790
Commissions and fees receivable – net 384,414 294,195
Fiduciary cash and receivables 4,051,029 3,131,660
Prepaid incentives – net 8,051 8,718
Other current assets 66,571 62,229
Total current assets 5,122,502 4,335,592
NON-CURRENT ASSETS    
Goodwill 1,814,803 1,646,482
Customer relationships 618,323 572,416
Other intangible assets 54,468 38,254
Prepaid incentives – net 15,400 15,103
Equity method investment in related party 58,664 46,099
Property and equipment – net 45,529 42,427
Lease right-of-use assets 122,212 127,708
Deferred tax assets 378,743 383,816
Other non-current assets 41,767 39,312
Total non-current assets 3,149,909 2,911,617
TOTAL ASSETS 8,272,411 7,247,209
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 171,782 136,340
Accrued compensation 397,772 419,560
Operating lease liabilities 20,206 21,369
Tax Receivable Agreement liabilities 22,365 0
Short-term debt and current portion of long-term debt 32,980 35,375
Fiduciary liabilities 4,051,029 3,131,660
Total current liabilities 4,696,134 3,744,304
NON-CURRENT LIABILITIES    
Accrued compensation 61,974 24,917
Operating lease liabilities 149,411 154,457
Long-term debt 1,940,863 1,943,837
Tax Receivable Agreement liabilities 344,514 358,898
Other non-current liabilities 6,279 41,152
Total non-current liabilities 2,503,041 2,523,261
TOTAL LIABILITIES 7,199,175 6,267,565
STOCKHOLDERS' EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2024 and December 31, 2023) 0 0
Additional paid-in capital 478,130 441,997
Retained earnings 121,560 114,420
Accumulated other comprehensive income 5,903 3,076
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 605,854 559,754
Non-controlling interests 467,382 419,890
Total stockholders' equity 1,073,236 979,644
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 8,272,411 7,247,209
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 119 119
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 142 142
Common Class X [Member]    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0