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

Annual report pursuant to Section 13 and 15(d)

Restructuring (Tables)

Restructuring (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring And Related Activities [Abstract]

Summary of Restructuring Expense

The table below presents the restructuring expense incurred in for the years ended December 31, 2021 and 2020:


		Year Ended December 31,
		2021				2020
Compensation and benefits		$	9,934			$	10,139
Occupancy and other costs(1)			4,446				701
Total		$	14,380			$	10,840

Summary of Changes in the Restructuring Liability

The table below presents a summary of changes in the restructuring liability:


		Compensation and Benefits				Occupancy and Other Costs				Total
Balance as of December 31, 2019		$	—			$	—			$	—
Accrued costs			10,139				701				10,840
Payments			(3,090	)			(701	)			(3,791	)
Balance as of December 31, 2020		$	7,049			$	—			$	7,049
Accrued costs			9,934				4,446				14,380
Payments			(16,576	)			(4,446	)			(21,022	)
Balance as of December 31, 2021		$	407			$	—			$	407