Three Months Ended June 30,

Six Months Ended June 30,

2023

2022

2023

2022

Net income

$

83,817

$

70,120

$

120,274

$

88,196

Less: Net income attributable to non-controlling interests

53,739

45,619

77,036

56,784

Net income attributable to Ryan Specialty Holdings, Inc.

$

30,078

$

24,501

$

43,238

$

31,412

Numerator:

Net income attributable to Class A common shareholders

$

30,078

$

24,501

$

43,238

$

31,412

Add: Income attributed to substantively vested RSUs

406

387

541

372

Net income attributable to Class A common shareholders – basic

$

30,484

$

24,888

$

43,779

$

31,784

Add: Income attributed to dilutive shares

1,621

1,544

2,494

41,942

Net income attributable to Class A common shareholders – diluted

$

32,105

$

26,432

$

46,273

$

73,726

Denominator:

Weighted-average shares of Class A common stock outstanding – basic

112,915,557

108,054,437

111,980,226

107,327,462

Add: Dilutive shares

10,930,098

12,150,465

11,704,872

157,090,008

Weighted-average shares of Class A common stock outstanding – diluted

123,845,655

120,204,902

123,685,098

264,417,470

Earnings per Share:

Earnings per share of Class A common stock – basic

$

0.27

$

0.23

$

0.39

$

0.30

Earnings per share of Class A common stock – diluted

$

0.26

$

0.22

$

0.37

$

0.28