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

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2026

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


	Foreign Currency Translation Adjustments	Change in EMI Other Comprehensive Income (Loss)1	Total
Balance at December 31, 2025	$13,778	$67	$13,845
Other comprehensive income (loss) before reclassifications	(11,262)	518	(10,744)
Amounts reclassified to earnings	—	—	—
Other comprehensive income (loss)	$(11,262)	$518	$(10,744)
Less: Non-controlling interests	(6,592)	303	(6,289)
Balance at March 31, 2026	$9,108	$282	$9,390


	Gain on Interest Rate Cap		Foreign Currency Translation Adjustments	Change in EMI Other Comprehensive Income (Loss)1	Total
Balance at December 31, 2024	$1,435		$(3,010)	$(221)	$(1,796)
Other comprehensive income (loss) before reclassifications	1,414	(3,419)	18,632	(2,909)	17,137
Amounts reclassified to earnings	(3,419)		—	—	(3,419)
Other comprehensive income (loss)	$(2,005)		$18,632	$(2,909)	$13,718
Less: Non-controlling interests	(1,107)		10,151	(1,594)	7,450
Balance at March 31, 2025	$537		$5,471	$(1,536)	$4,472

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

Comprehensive Income (Loss).