Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 540,203 $ 838,790
Commissions and fees receivable – net 389,758 294,195
Fiduciary cash and receivables 3,739,727 3,131,660
Prepaid incentives – net 9,219 8,718
Other current assets 109,951 62,229
Total current assets 4,788,858 4,335,592
NON-CURRENT ASSETS    
Goodwill 2,646,676 1,646,482
Customer relationships 1,392,048 572,416
Other intangible assets 83,674 38,254
Prepaid incentives – net 17,442 15,103
Equity method investment in related party 70,877 46,099
Property and equipment – net 50,209 42,427
Lease right-of-use assets 133,256 127,708
Deferred tax assets 448,289 383,816
Other non-current assets 18,589 39,312
Total non-current assets 4,861,060 2,911,617
TOTAL ASSETS 9,649,918 7,247,209
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 249,200 136,340
Accrued compensation 486,322 419,560
Operating lease liabilities 22,107 21,369
Short-term debt and current portion of long-term debt 51,732 35,375
Fiduciary liabilities 3,739,727 3,131,660
Total current liabilities 4,549,088 3,744,304
NON-CURRENT LIABILITIES    
Accrued compensation 49,362 24,917
Operating lease liabilities 159,231 154,457
Long-term debt 3,231,128 1,943,837
Tax Receivable Agreement liabilities 436,296 358,898
Deferred tax liabilities 39,922 55
Other non-current liabilities 86,606 41,097
Total non-current liabilities 4,002,545 2,523,261
TOTAL LIABILITIES 8,551,633 6,267,565
STOCKHOLDER'S EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2024 and 2023) 0 0
Additional paid-in capital 506,258 441,997
Retained earnings 122,939 114,420
Accumulated other comprehensive income (loss) (1,796) 3,076
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. 627,662 559,754
Non-controlling interests 470,623 419,890
Total stockholders’ equity 1,098,285 979,644
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 9,649,918 7,247,209
Class A Common Stock    
STOCKHOLDER'S EQUITY    
Common stock 125 119
Class B Common Stock    
STOCKHOLDER'S EQUITY    
Common stock 136 142
Common Class X    
STOCKHOLDER'S EQUITY    
Common stock $ 0 $ 0