RYAN SPECIALTY HOLDINGS INC
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
RYAN$47.20+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Unaudited)
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUE | ||||
| Net commissions and fees | $680,248 | $573,020 | $1,218,135 | $1,020,533 |
| Fiduciary investment income | 15,193 | 12,129 | 29,352 | 22,215 |
| Total revenue | $695,441 | $585,149 | $1,247,487 | $1,042,748 |
| EXPENSES | ||||
| Compensation and benefits | 414,049 | 352,360 | 787,576 | 660,082 |
| General and administrative | 82,967 | 81,608 | 158,834 | 133,307 |
| Amortization | 30,541 | 24,368 | 58,529 | 49,553 |
| Depreciation | 2,273 | 2,177 | 4,353 | 4,369 |
| Change in contingent consideration | 1,243 | 1,796 | 1,178 | 2,510 |
| Total operating expenses | $531,073 | $462,309 | $1,010,470 | $849,821 |
| OPERATING INCOME | $164,368 | $122,840 | $237,017 | $192,927 |
| Interest expense, net | 31,128 | 28,881 | 60,528 | 58,349 |
| (Income) from equity method investment in related party | (3,722) | (1,616) | (9,328) | (3,611) |
| Other non-operating loss (income) | 233 | 108 | 1,985 | (30) |
| INCOME BEFORE INCOME TAXES | $136,729 | $95,467 | $183,832 | $138,219 |
| Income tax expense | 18,691 | 11,650 | 25,117 | 17,945 |
| NET INCOME | $118,038 | $83,817 | $158,715 | $120,274 |
| Net income attributable to non-controlling interests, net of tax | 71,251 | 53,739 | 95,393 | 77,036 |
| NET INCOME ATTRIBUTABLE TO RYAN SPECIALTY HOLDINGS, INC. | $46,787 | $30,078 | $63,322 | $43,238 |
| NET INCOME PER SHARE OF CLASS A COMMON STOCK: | ||||
| Basic | $0.38 | $0.27 | $0.52 | $0.39 |
| Diluted | $0.37 | $0.26 | $0.49 | $0.37 |
| WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING: | ||||
| Basic | 118,394,113 | 112,915,557 | 118,102,959 | 111,980,226 |
| Diluted | 271,218,549 | 123,845,655 | 270,570,458 | 123,685,098 |
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