Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Net commissions and fees $ 537,887 $ 447,513
Fiduciary investment income 14,159 10,086
Total revenue 552,046 457,599
EXPENSES    
Compensation and benefits 373,527 307,722
General and administrative 75,867 51,699
Amortization 27,988 25,185
Depreciation 2,080 2,192
Change in contingent consideration (65) 714
Total operating expenses 479,397 387,512
OPERATING INCOME 72,649 70,087
Interest expense, net 29,400 29,468
(Income) from equity method investment in related party (5,606) (1,995)
Other non-operating loss (income) 1,752 (138)
INCOME BEFORE INCOME TAXES 47,103 42,752
Income tax expense 6,426 6,295
NET INCOME 40,677 36,457
Net income attributable to non-controlling interests, net of tax 24,142 23,297
Net income attributable to Ryan Specialty Holdings, Inc. $ 16,535 $ 13,160
Common Class A [Member]    
NET INCOME PER SHARE OF CLASS A COMMON STOCK:    
Earnings (loss) per share - basic $ 0.14 $ 0.12
Earnings (loss) per share - diluted $ 0.13 $ 0.11
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:    
Basic 117,811,805 111,034,503
Diluted 269,922,368 266,978,224