The Company has evaluated subsequent events through May 3, 2024 and has concluded that no events have occurred that require disclosure other than the events listed below.

On May 1, 2024, the Company completed the acquisition of Castel Underwriting Agencies Limited, a managing general underwriting platform headquartered in London, England, for approximately $250.0 million of cash consideration. Total consideration for this

acquisition will also include $2.2 million of RYAN Class A common stock. The Company has not yet completed the valuation of, or the purchase price allocation to, the acquired assets and liabilities as of the date of this filing. In conjunction with completing the Castel acquisition, the Company executed the Deal-Contingent Forward. The total loss recognized on the Deal-Contingent Forward was $5.4 million, or an increase of $2.0 million over what was recognized through March 31, 2024.

On May 2, 2024, the Company’s Board of Directors approved a quarterly cash dividend of $0.11 per share of outstanding Class A common stock. The quarterly dividend will be payable on May 28, 2024 to shareholders of record of Class A common stock as of the close of business on May 14, 2024. Any future dividends will be subject to the approval of the Company’s Board of Directors.