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

Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Jun. 30, 2023
Subsequent Event [Line Items]
Subsequent Events	18. Subsequent Events The Company has evaluated subsequent events through August 4, 2023 and has concluded that no events have occurred that require disclosure other than the events listed below. On July 1, 2023, the Company completed the acquisitions of certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent headquartered in Eagle, Idaho, and Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and provider of complex claims management services on behalf of retail brokers and third-party administrators headquartered in Plano, Texas, for an aggregate $46.8 million of cash consideration. On July 3, 2023, the Company completed the acquisition of Socius Insurance Services, a national wholesale insurance broker headquartered in Northern California, for $251.9 million of cash consideration. Total consideration for this acquisition will also include $2.7 million of RYAN Class A common stock. Each of these acquisitions will include contingent consideration in their final purchase price, however, the Company has not yet completed the valuation of the contingent considerations or the purchase price allocations to the acquired assets and liabilities as of the date of this filing.

Subsequent Events

6 Months Ended

Jun. 30, 2023

Subsequent Event [Line Items]

Subsequent Events

18.

Subsequent Events

The Company has evaluated subsequent events through August 4, 2023 and has concluded that no events have occurred that require disclosure other than the events listed below.

On July 1, 2023, the Company completed the acquisitions of certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent headquartered in Eagle, Idaho, and Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and provider of complex claims management services on behalf of retail brokers and third-party administrators headquartered in Plano, Texas, for an aggregate $46.8 million of cash consideration.

On July 3, 2023, the Company completed the acquisition of Socius Insurance Services, a national wholesale insurance broker headquartered in Northern California, for $251.9 million of cash consideration. Total consideration for this acquisition will also include $2.7 million of RYAN Class A common stock.

Each of these acquisitions will include contingent consideration in their final purchase price, however, the Company has not yet completed the valuation of the contingent considerations or the purchase price allocations to the acquired assets and liabilities as of the date of this filing.