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

Leases

9 Months Ended

Sep. 30, 2024

The Company has various non-cancelable operating leases with various terms through September 2038, primarily for office

space and office equipment. The following table provides additional information about the Company’s leases:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Lease costs
Operating lease costs	$7,669	$8,687	$23,408	$26,339
Short-term lease costs
Operating lease costs	228	234	675	635
Sublease income	(112)	(193)	(408)	(439)
Lease costs – net	$7,785	$8,728	$23,675	$26,535

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases			$22,516	$23,245
Non-cash related activities
Right-of-use assets obtained in exchange for new operating lease liabilities			15,236	9,948
Amortization of right-of-use assets for operating lease activity			16,803	20,197
Weighted average discount rate (percent)
Operating leases			5.3 %	5.1 %
Weighted average remaining lease term (years)
Operating leases			7.8	8.3