Ryan Specialty Quarterly report [Sections 13 or 15(d)]

Receivables and Other Current Assets

3 Months Ended

Mar. 31, 2026

Receivables

The Company had receivables of $565.3 million and $489.0 million outstanding as of March 31, 2026 and December 31,

2025, respectively, which were recognized within Commissions and fees receivable – net on the Consolidated Balance

Sheets. Commission and fees receivable is net of an allowance for expected credit losses. The Company’s allowance for

expected credit losses is based on a combination of factors, including evaluation of historical write-offs, current economic

conditions, aging of balances, and other qualitative and quantitative analyses.

The following table provides a summary of changes in the Company’s allowance for expected credit losses:


	Three Months Ended March 31,
	2026	2025
Balance at beginning of period	$4,095	$3,018
Write-offs	(1,583)	(1,135)
Increase in provision	1,901	1,511
Balance at end of period	$4,413	$3,394

Other Current Assets

Major classes of other current assets consisted of the following:

Other current receivables contain service receivables from Geneva Re, Ltd (“Geneva Re”) and Velocity Specialty

Insurance Company (“VSIC”). See Note 15, Related Parties, for further information regarding related parties.