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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of company's assets and liabilities measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis by fair value hierarchy input level:


	As of March 31, 2023						As of December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Interest rate cap	$	—	$	37,209	$	—	$	—	$	45,860	$	—
Liabilities:
Contingent consideration		—		—		22,924		—		—		29,251
Total assets and liabilities measured at fair value	$	—	$	37,209	$	22,924	$	—	$	45,860	$	29,251

Level 3 Liabilities Measured at Fair Value

Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Summary of company's assets and liabilities measured at fair value on a recurring basis

The following is a reconciliation of the beginning and ending balances for the Level 3 liabilities measured at fair value, which consist of contingent consideration for both periods:


	Three Months Ended March 31,
	2023			2022
Balance at beginning of period	$	29,251		$	42,053
Total losses (gains) included in earnings		1,585			(636	)
Settlements		(7,912	)		—
Balance at end of period	$	22,924		$	41,417