RYAN SPECIALTY HOLDINGS INC
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 2024
RYAN$47.11-1.3%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $235,199 | $838,790 |
| Commissions and fees receivable – net | 334,637 | 294,195 |
| Fiduciary cash and receivables | 3,357,047 | 3,131,660 |
| Prepaid incentives – net | 8,309 | 8,718 |
| Other current assets | 84,165 | 62,229 |
| Total current assets | $4,019,357 | $4,335,592 |
| NON-CURRENT ASSETS | ||
| Goodwill | 2,341,340 | 1,646,482 |
| Customer relationships | 1,283,489 | 572,416 |
| Other intangible assets | 69,167 | 38,254 |
| Prepaid incentives – net | 15,449 | 15,103 |
| Equity method investment in related party | 62,444 | 46,099 |
| Property and equipment – net | 45,703 | 42,427 |
| Lease right-of-use assets | 122,617 | 127,708 |
| Deferred tax assets | 486,432 | 383,816 |
| Other non-current assets | 32,505 | 39,312 |
| Total non-current assets | $4,459,146 | $2,911,617 |
| TOTAL ASSETS | $8,478,503 | $7,247,209 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable and accrued liabilities | $206,185 | $136,340 |
| Accrued compensation | 325,120 | 419,560 |
| Operating lease liabilities | 21,489 | 21,369 |
| Tax Receivable Agreement liabilities | 22,721 | — |
| Short-term debt and current portion of long-term debt | 33,316 | 35,375 |
| Fiduciary liabilities | 3,357,047 | 3,131,660 |
| Total current liabilities | $3,965,878 | $3,744,304 |
| NON-CURRENT LIABILITIES | ||
| Accrued compensation | 52,261 | 24,917 |
| Operating lease liabilities | 148,487 | 154,457 |
| Long-term debt | 2,646,550 | 1,943,837 |
| Tax Receivable Agreement liabilities | 432,406 | 358,898 |
| Deferred tax liabilities | 21,162 | 55 |
| Other non-current liabilities | 110,227 | 41,097 |
| Total non-current liabilities | $3,411,093 | $2,523,261 |
| TOTAL LIABILITIES | $7,376,971 | $6,267,565 |
| STOCKHOLDERS’ EQUITY | ||
| Class A common stock ($0.001 par value; 1,000,000,000 shares authorized, 125,096,524 and 118,593,062 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively) | 125 | 119 |
| Class B common stock ($0.001 par value; 1,000,000,000 shares authorized, 136,724,772 and 141,621,188 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively) | 137 | 142 |
| Class X common stock ($0.001 par value; 10,000,000 shares authorized, 640,784 shares issued and 0 outstanding at September 30, 2024 and December 31, 2023) | — | — |
| Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2024 and December 31, 2023) | — | — |
| Additional paid-in capital | 500,518 | 441,997 |
| Retained earnings | 124,973 | 114,420 |
| Accumulated other comprehensive income | 7,080 | 3,076 |
| Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. | $632,833 | $559,754 |
| Non-controlling interests | 468,699 | 419,890 |
| Total stockholders’ equity | $1,101,532 | $979,644 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $8,478,503 | $7,247,209 |
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