Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Net commissions and fees $ 1,432,179 $ 1,016,685 $ 758,448
Fiduciary investment income 592 1,589 6,663
Total revenue 1,432,771 1,018,274 765,111
EXPENSES      
Compensation and benefits 991,618 686,155 494,391
General and administrative 138,955 107,381 118,179
Amortization 107,877 63,567 48,301
Depreciation 4,806 3,934 4,797
Change in contingent consideration 2,891 (1,301) (1,595)
Total operating expenses 1,246,147 859,736 664,073
OPERATING INCOME (LOSS) 186,624 158,538 101,038
Interest expense (79,354) (47,243) (35,546)
Income from equity method investment in related party (759) 440 (978)
Other non-operating loss (44,947) (32,270) 3,469
Income before income taxes 61,564 79,465 67,983
Income tax expense (benefit) (4,932) (8,952) (4,926)
NET INCOME (LOSS) 56,632 70,513 63,057
Net income (loss) attributable to non-controlling interests, net of tax (9,241) 2,409 (1,109)
NET INCOME ATTRIBUTABLE TO RYAN SPECIALTY GROUP HOLDINGS, INC. $ 65,873 $ 68,104 $ 64,166
Common Class A [Member]      
NET (LOSS) PER SHARE OF CLASS A COMMON STOCK:      
Basic and diluted $ (0.07)    
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:      
Basic and diluted 105,730,008