Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Net commissions and fees $ 386,681 $ 311,344
Fiduciary investment income 209 114
Total revenue 386,890 311,458
EXPENSES    
Compensation and benefits 274,274 214,486
General and administrative 42,361 27,545
Amortization 26,663 27,794
Depreciation 1,211 1,200
Change in contingent consideration (1,008) 590
Total operating expenses 343,501 271,615
OPERATING INCOME 43,389 39,843
Interest expense, net 21,752 20,045
Income from equity method investment in related party 543 (81)
Other non-operating loss 7,521 21,446
INCOME (LOSS) BEFORE INCOME TAXES 13,573 (1,567)
Income tax expense (benefit) (4,503) 2,234
NET INCOME (LOSS) 18,076 (3,801)
Net income (loss) attributable to non-controlling interests, net of tax 11,165 2,450
Net income attributable to Ryan Specialty Group Holdings, Inc. $ 6,911 $ (6,251)
Common Class A [Member]    
NET (LOSS) PER SHARE OF CLASS A COMMON STOCK:    
Earnings per share - basic $ 0.07 $ 0
Earnings per share - diluted $ 0.06 $ 0
WEIGHTED-AVERAGE SHARES OF CLASS A COMMON STOCK OUTSTANDING:    
Basic 106,592,836 0
Diluted 264,121,066 0