Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Net commissions and fees $ 352,610 $ 236,683 $ 1,053,800 $ 689,833
Fiduciary investment income 156 128 436 1,494
Total revenue 352,766 236,811 1,054,236 691,327
EXPENSES        
Compensation and benefits 286,538 162,981 737,825 461,094
General and administrative 38,754 31,370 96,984 81,755
Amortization 26,982 15,640 82,095 34,789
Depreciation 1,179 1,029 3,601 2,658
Change in contingent consideration 43 (35) 2,356 997
Total operating expenses 353,496 210,985 922,861 581,293
OPERATING INCOME (LOSS) (730) 25,826 131,375 110,034
Interest expense 21,193 10,859 60,224 26,295
Income from equity method investment in related party 176 326 610 413
Other non-operating loss (16,211) (1,574) (45,547) (4,066)
INCOME (LOSS) BEFORE INCOME TAXES (37,958) 13,719 26,214 80,086
Income tax expense (benefit) (5,368) 2,923 (802) 6,085
NET INCOME (LOSS) (32,590) 10,796 27,016 74,001
Net income (loss) attributable to non-controlling interests, net of tax (31,256) 585 (28,806) 1,531
NET INCOME (LOSS) ATTRIBUTABLE TO RYAN SPECIALTY GROUP HOLDINGS, INC. $ (1,334) $ 10,211 $ 55,822 $ 72,470
Common Class A [Member]        
NET (LOSS) PER SHARE OF CLASS A COMMON STOCK:        
Basic and diluted $ (0.16)   $ (0.16)  
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:        
Basic and diluted 105,309,406   105,309,406