Below are the financial statements of Ryan Specialty Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Net commissions and fees | 2,455.67a | 2,026.6a | 1,711.86a |
| Fiduciary investment income | 60.04a | 50.95a | 13.33a |
| Total revenue | 2,515.71a | 2,077.55a | 1,725.19a |
| Expenses | — | — | — |
| Compensation and benefits | -1,591.08a | -1,321.03a | -1,128.98a |
| General and administrative | -352.05a | -276.18a | -196.97a |
| Amortization | -157.85a | -106.8a | -103.6a |
| Depreciation | -9.79a | -9.04a | -5.69a |
| Change in contingent consideration | -22.86a | 5.42a | 0.44a |
| Total operating expenses | -2,087.9a | -1,718.47a | -1,435.69a |
| Operating income | 427.81a | 359.08a | 289.51a |
| Interest expense, net | -158.45a | -119.51a | -104.83a |
| Loss (income) from equity method investment in related party | -18.23a | -8.73a | 0.41a |
| Other non-operating loss | -15.04a | -10.38a | -5.07a |
| Income before income taxes | 272.55a | 237.93a | 179.19a |
| Income tax expense | -42.64a | -43.45a | -15.94a |
| Net income | 229.91a | 194.48a | 163.26a |
| Net income attributable to non-controlling interests, net of tax | 135.25a | 133.44a | 102.21a |
| Net income attributable to Ryan Specialty Holdings, Inc. | 94.67a | 61.04a | 61.05a |
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