Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 665,420 $ 838,790
Commissions and fees receivable – net 299,162 294,195
Fiduciary cash and receivables 3,181,352 3,131,660
Prepaid incentives – net 8,149 8,718
Other current assets 62,289 62,229
Total current assets 4,216,372 4,335,592
NON-CURRENT ASSETS    
Goodwill 1,647,252 1,646,482
Customer relationships 546,722 572,416
Other intangible assets 45,043 38,254
Prepaid incentives – net 15,756 15,103
Equity method investment in related party 56,016 46,099
Property and equipment – net 42,671 42,427
Lease right-of-use assets 121,596 127,708
Deferred tax assets 382,636 383,816
Other non-current assets 42,438 39,312
Total non-current assets 2,900,130 2,911,617
TOTAL ASSETS 7,116,502 7,247,209
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 230,709 136,340
Accrued compensation 184,254 419,560
Operating lease liabilities 19,615 21,369
Tax Receivable Agreement liabilities 22,075
Short-term debt and current portion of long-term debt 39,374 35,375
Fiduciary liabilities 3,181,352 3,131,660
Total current liabilities 3,677,379 3,744,304
NON-CURRENT LIABILITIES    
Accrued compensation 30,012 24,917
Operating lease liabilities 147,700 154,457
Long-term debt 1,942,542 1,943,837
Tax Receivable Agreement liabilities 338,942 358,898
Other non-current liabilities 5,174 41,152
Total non-current liabilities 2,464,370 2,523,261
TOTAL LIABILITIES 6,141,749 6,267,565
STOCKHOLDERS' EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2024 and December 31, 2023) 0 0
Additional paid-in capital 459,456 441,997
Retained earnings 88,537 114,420
Accumulated other comprehensive income 6,096 3,076
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 554,350 559,754
Non-controlling interests 420,403 419,890
Total stockholders' equity 974,753 979,644
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,116,502 7,247,209
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 119 119
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common stock value 142 142
Common Class X [Member]    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0