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

Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2026

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


	Three Months Ended March 31,
	2026	2025
Cash paid (received) for:
Interest, net1	$71,609	$62,946
Income taxes, net of refunds	(2,063)	530
Non-cash investing and financing activities:
Non-controlling interest holders’ tax distributions declared but unpaid	$10,230	$8,443
Tax Receivable Agreement liabilities	1,847	11,090
Excise tax payable on net share repurchases	286	—
Dividend Equivalents and Declared Distributions liabilities	787	1,014
Contingent consideration liabilities	—	21,130

1 Interest paid is presented net of $4.0 million of cash received in connection with the Company’s interest rate cap for the

three months ended March 31, 2025. See Note 11, Derivatives, for further information on the interest rate cap.