Consolidated Statements of Income (Loss) (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
| REVENUE | ||||
| Net commissions and fees | $ 487,345 | $ 407,551 | $ 1,507,878 | $ 1,284,459 |
| Fiduciary investment income | 14,593 | 4,445 | 36,808 | 5,719 |
| Total revenue | 501,938 | 411,996 | 1,544,686 | 1,290,178 |
| EXPENSES | ||||
| Compensation and benefits | 329,212 | 274,108 | 989,294 | 858,439 |
| General and administrative | 69,288 | 48,991 | 202,595 | 139,851 |
| Amortization | 29,572 | 25,667 | 79,125 | 78,563 |
| Depreciation | 2,201 | 1,463 | 6,570 | 3,903 |
| Change in contingent consideration | 1,848 | 423 | 4,358 | (837) |
| Total operating expenses | 432,121 | 350,652 | 1,281,942 | 1,079,919 |
| OPERATING INCOME | 69,817 | 61,344 | 262,744 | 210,259 |
| Interest expense, net | 31,491 | 28,864 | 89,840 | 75,462 |
| Loss (income) from equity method investment in related party | (2,271) | (144) | (5,882) | 414 |
| Other non-operating loss (income) | 67 | (66) | 37 | 6,832 |
| INCOME BEFORE INCOME TAXES | 40,530 | 32,690 | 178,749 | 127,551 |
| Income tax expense | 24,827 | 3,411 | 42,772 | 10,076 |
| NET INCOME | 15,703 | 29,279 | 135,977 | 117,475 |
| Net income attributable to non-controlling interests, net of tax | 20,750 | 17,534 | 97,786 | 74,318 |
| NET INCOME (LOSS) ATTRIBUTABLE TO RYAN SPECIALTY HOLDINGS, INC. | $ (5,047) | $ 11,745 | $ 38,191 | $ 43,157 |
| Common Class A [Member] | ||||
| NET INCOME (LOSS) PER SHARE OF CLASS A COMMON STOCK: | ||||
| Earnings (loss) per share - basic | $ (0.04) | $ 0.11 | $ 0.34 | $ 0.4 |
| Earnings (loss) per share - diluted | $ (0.04) | $ 0.09 | $ 0.34 | $ 0.37 |
| WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING: | ||||
| Basic | 115,872,327 | 109,428,073 | 113,291,850 | 108,035,360 |
| Diluted | 115,872,327 | 266,352,389 | 124,883,523 | 265,070,739 |
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- Definition Earnings per shares basic and diluted other disclosures No definition available.
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- Definition Revenue From Commission And Fees. No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for employee benefit and equity-based compensation. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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