Ryan Specialty Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

6 Months Ended

Jun. 30, 2021

The fair value of derivatives not designated as hedging instruments are as follows:


	Derivative Liabilities
	Balance Sheet Location	June 30, 2021		December 31, 2020
Class B embedded derivative s	Accounts payable and accrued liabilities	$	(51,035)	$	(30,423)

Total derivatives		$	(51,035)	$	(30,423)

The gains and losses recognized in earnings for derivatives in Other

non-operating

income within the Consolidated Statements of Income are as follows:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Loss on interest rate contracts	$	—	$	235	$	—	$	3,294
Loss on Class B embedded derivatives		8,007		—		20,612		—

Total derivatives not designated as hedging instruments	$	8,007	$	235	$	20,612	$	3,294