Ryan Specialty Annual report [Section 13 and 15(d), not S-K Item 405]

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2025

Changes in the balance of Accumulated other comprehensive income (loss), net of tax, were as follows:


	Gain on Interest Rate Cap	Foreign Currency Translation Adjustments	Change in EMI Other Comprehensive Income (Loss)1	Total
Balance at December 31, 2022	$8,065	$157	$(2,187)	$6,035
Other comprehensive income (loss) before reclassifications	12,028	2,125	(973)	13,180
Amounts reclassified to earnings	(20,161)	—	—	(20,161)
Other comprehensive income (loss)	$(8,133)	$2,125	$(973)	$(6,981)
Less: Non-controlling interests	(4,765)	1,300	(557)	(4,022)
Balance at December 31, 2023	$4,697	$982	$(2,603)	$3,076
Other comprehensive income (loss) before reclassifications	14,003	(8,914)	5,708	10,797
Amounts reclassified to earnings	(21,623)	—	—	(21,623)
Other comprehensive income (loss)	$(7,620)	$(8,914)	$5,708	$(10,826)
Less: Non-controlling interests	(4,358)	(4,922)	3,326	(5,954)
Balance at December 31, 2024	$1,435	$(3,010)	$(221)	$(1,796)
Other comprehensive income before reclassifications	6,881	41,129	664	48,674
Amounts reclassified to earnings	(13,342)	—	—	(13,342)
Other comprehensive income (loss)	$(6,461)	$41,129	$664	$35,332
Less: Non-controlling interests	(5,026)	24,341	376	19,691
Balance at December 31, 2025	$—	$13,778	$67	$13,845

1 Change in share of equity method investments’ other comprehensive income (loss) on the Consolidated Statements of

Comprehensive Income