Ryan Specialty Annual report pursuant to Section 13 and 15(d)

Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

The following represents the supplemental cash flow information of the Company:


	Year Ended December 31,
	2024	2023	2022
Cash paid for:
Interest, net1	$136,953	$128,380	$88,504
Income taxes, net of refunds	27,331	16,401	11,226
Non-cash investing and financing activities:
Non-controlling interest holders’ tax distributions declared but unpaid	$2,109	$35	$—
Tax Receivable Agreement liabilities	101,075	68,587	26,003
Dividend Equivalents and Declared Distributions liabilities	4,246	—	—
Contingently returnable consideration	4,868	—	—
Contingent consideration liabilities	103,769	11,238	—

1 Interest paid is presented net of $24.7 million, $22.9 million, and $2.2 million of cash received in connection with the

Company’s interest rate cap for the years ended December 31, 2024, 2023, and 2022, respectively. See Note 13,

Derivatives, for further information on the interest rate cap.