Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Net commissions and fees $ 1,711,861 $ 1,432,179 $ 1,016,685
Fiduciary investment income 13,332 592 1,589
Total revenue 1,725,193 1,432,771 1,018,274
EXPENSES      
Compensation and benefits 1,128,981 991,618 686,155
General and administrative 196,971 138,955 107,381
Amortization 103,601 107,877 63,567
Depreciation 5,690 4,806 3,934
Change in contingent consideration 442 2,891 (1,301)
Total operating expenses 1,435,685 1,246,147 859,736
OPERATING INCOME 289,508 186,624 158,538
Interest expense, net 104,829 79,354 47,243
Loss from equity method investment in related party 414 759 (440)
Other non-operating loss 5,073 44,947 32,270
INCOME BEFORE INCOME TAXES 179,192 61,564 79,465
Income tax expense 15,935 4,932 8,952
NET INCOME (LOSS) 163,257 56,632 70,513
Net income (loss) attributable to non-controlling interests, net of tax 102,205 (9,241) 2,409
NET INCOME ATTRIBUTABLE TO RYAN SPECIALTY HOLDINGS, INC. $ 61,052 $ 65,873 $ 68,104
Common Class A [Member]      
NET INCOME (LOSS) PER SHARE OF CLASS A COMMON STOCK:      
Earnings (loss) per share - basic $ 0.57 $ (0.07)  
Earnings (loss) per share - diluted $ 0.52 $ (0.07)  
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:      
Basic 108,616,420 105,730,008  
Diluted 265,750,444 105,730,008