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, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring Expense

The table below presents the restructuring expense incurred:


		Year Ended December 31,
		2022			2021
Compensation and benefits		$	725		$	9,934
Occupancy and other costs(1)			4,992			4,446
Total		$	5,717		$	14,380

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 at December 31, 2020		$	7,049			$	—			$	7,049
Accrued costs			9,934				4,446				14,380
Payments			(16,576	)			(4,446	)			(21,022	)
Balance at December 31, 2021		$	407			$	—			$	407
Accrued costs			725				4,992				5,717
Payments			(982	)			(4,992	)			(5,974	)
Balance at December 31, 2022		$	150			$	—			$	150