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

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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:


	September 30, 2023						December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Interest rate cap	$	—	$	46,845	$	—	$	—	$	45,860	$	—
Liabilities
Contingent consideration		—		—		36,018		—		—		29,251
Total assets and liabilities measured at fair value	$	—	$	46,845	$	36,018	$	—	$	45,860	$	29,251

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023			2022
Balance at beginning of period	$	25,290	$	26,357	$	29,251		$	42,053
Newly established liability due to acquisitions		8,091		—		8,091			—
Total losses included in earnings		2,637		1,000		6,588			538
Settlements		—		—		(7,912	)		(15,234	)
Balance at end of period	$	36,018	$	27,357	$	36,018		$	27,357

For