Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 838,790 $ 992,723
Commissions and fees receivable – net 294,195 231,423
Fiduciary cash and receivables 3,131,660 2,611,647
Prepaid incentives – net 8,718 8,584
Other current assets 62,229 49,690
Total current assets 4,335,592 3,894,067
NON-CURRENT ASSETS    
Goodwill 1,646,482 1,314,984
Customer relationships 572,416 457,131
Other intangible assets 38,254 29,313
Prepaid incentives – net 15,103 20,792
Equity method investment in related party 46,099 38,514
Property and equipment – net 42,427 31,271
Lease right-of-use assets 127,708 143,870
Deferred tax assets 383,816 396,814
Other non-current assets 39,312 56,987
Total non-current assets 2,911,617 2,489,676
TOTAL ASSETS 7,247,209 6,383,743
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 136,340 119,022
Accrued compensation 419,560 350,369
Operating lease liabilities 21,369 22,744
Short-term debt and current portion of long-term debt 35,375 30,587
Fiduciary liabilities 3,131,660 2,611,647
Total current liabilities 3,744,304 3,134,369
NON-CURRENT LIABILITIES    
Accrued compensation 24,917 10,048
Operating lease liabilities 154,457 151,944
Long-term debt 1,943,837 1,951,900
Tax Receivable Agreement liabilities 358,898 295,347
Other non-current liabilities 41,152 22,323
Total non-current liabilities 2,523,261 2,431,562
TOTAL LIABILITIES 6,267,565 5,565,931
STOCKHOLDER'S EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2023 and 2022 0 0
Additional paid-in capital 441,997 418,123
Retained earnings 114,420 53,988
Accumulated other comprehensive income 3,076 6,035
Total stockholders' equity attributable to Ryan Specialty Holdings, Inc. 559,754 478,405
Non-controlling interests 419,890 339,407
Total stockholders' equity 979,644 817,812
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,247,209 6,383,743
Common Class A [Member]    
STOCKHOLDER'S EQUITY    
Common stock value 119 112
Common Class B [Member]    
STOCKHOLDER'S EQUITY    
Common stock value 142 147
Common Class X [Member]    
STOCKHOLDER'S EQUITY    
Common stock value $ 0 $ 0