Ryan Specialty Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Company's Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis by fair value hierarchy input level:


	June 30, 2024						December 31, 2023
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Interest rate cap	$	—	$	29,549	$	—	$	—	$	29,667	$	—
Contingently returnable consideration		—		—		4,868		—		—		—
Liabilities
Contingent consideration		—		—		44,971		—		—		41,050
Deal-Contingent Forward		—		—		—		—		—		852
Total assets and liabilities measured at fair value	$	—	$	29,549	$	49,839	$	—	$	29,667	$	41,902

Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of Reconciliation of Beginning and Ending Balances of Level 3 Assets and Liabilities Measured at Fair Value

The following is a reconciliation of the beginning and ending balances of the Level 3 assets and liabilities measured at fair value:


	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
Assets
Balance at beginning of period	$	—		$	—	$	—		$	—
Newly established assets due to acquisitions		4,868			—		4,868			—
Balance at end of period	$	4,868		$	—	$	4,868		$	—
Liabilities
Balance at beginning of period	$	46,198		$	22,924	$	41,902		$	29,251
Total losses included in earnings		4,157			2,366		7,510			3,951
Settlements		(5,384	)		—		(5,384	)		(7,912	)
Acquisition measurement period adjustments		—			—		943			—
Balance at end of period	$	44,971		$	25,290	$	44,971		$	25,290