RYAN SPECIALTY HOLDINGS INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

RYAN$47.20+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income for the years ended , and

Consolidated Statements of Income

(In thousands, except share and per share data)

	Year Ended December 31,
	2024	2023	2022
REVENUE
Net commissions and fees	$2,455,671	$2,026,596	$1,711,861
Fiduciary investment income	60,039	50,953	13,332
Total revenue	$2,515,710	$2,077,549	$1,725,193
EXPENSES
Compensation and benefits	1,591,077	1,321,029	1,128,981
General and administrative	352,050	276,181	196,971
Amortization	157,845	106,799	103,601
Depreciation	9,785	9,038	5,690
Change in contingent consideration	(22,859)	5,421	442
Total operating expenses	$2,087,898	$1,718,468	$1,435,685
OPERATING INCOME	$427,812	$359,081	$289,508
Interest expense, net	158,448	119,507	104,829
Loss (income) from equity method investment in related party	(18,231)	(8,731)	414
Other non-operating loss	15,041	10,380	5,073
INCOME BEFORE INCOME TAXES	$272,554	$237,925	$179,192
Income tax expense	42,641	43,445	15,935
NET INCOME	$229,913	$194,480	$163,257
Net income attributable to non-controlling interests, net of tax	135,248	133,443	102,205
NET INCOME ATTRIBUTABLE TO RYAN SPECIALTY HOLDINGS, INC.	$94,665	$61,037	$61,052
NET INCOME PER SHARE OF CLASS A COMMON STOCK:
Basic	$0.78	$0.53	$0.57
Diluted	$0.71	$0.52	$0.52
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:
Basic	120,781,234	114,359,968	108,616,420
Diluted	132,891,487	125,745,139	265,750,444

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.