Ryan Specialty Holdings Inc. (RYAN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
155 NORTH WACKER DRIVE, SUITE 4000 CHICAGO, IL 60606 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6411 - Insurance Agents, Brokers, and Service (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,756 | 1,767 | 1,140 | |||
| Cash and cash equivalents | 1,756 | 1,767 | 1,140 | |||
| Receivables | 294 | 231 | 210 | |||
| Prepaid expense | 9 | 9 | 8 | |||
| Funds held for clients | 918 | |||||
| Other current assets | 62 | 50 | 16 | |||
| Other undisclosed current assets | 1,297 | 1,837 | 1,637 | |||
| Total current assets: | 4,336 | 3,894 | 3,011 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 0 | 0 | ||||
| Operating lease, right-of-use asset | 128 | 144 | 85 | |||
| Property, plant and equipment | 42 | 31 | 15 | |||
| Long-term investments and receivables | 46 | 39 | 45 | |||
| Long-term investments | 46 | 39 | 45 | |||
| Intangible assets, net (including goodwill) | 1,685 | 1,801 | 1,883 | |||
| Goodwill | 1,646 | 1,315 | 1,309 | |||
| Intangible assets, net (excluding goodwill) | 38 | 486 | 574 | |||
| Prepaid expense | 15 | 21 | 25 | |||
| Deferred income tax assets | 384 | 397 | 383 | |||
| Other noncurrent assets | 39 | 57 | 11 | |||
| Other undisclosed noncurrent assets | 572 | |||||
| Total noncurrent assets: | 2,912 | 2,490 | 2,448 | |||
| TOTAL ASSETS: | 7,247 | 6,384 | 5,459 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 136 | 119 | 99 | |||
| Accrued liabilities | 2 | |||||
| Other undisclosed accounts payable and accrued liabilities | 134 | 119 | 99 | |||
| Debt | 35 | 31 | 23 | |||
| Deferred compensation liability | 4 | |||||
| Other undisclosed current liabilities | 3,573 | 2,985 | 2,791 | |||
| Total current liabilities: | 3,744 | 3,134 | 2,918 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,944 | 1,952 | 1,641 | |||
| Long-term debt, excluding current maturities | 1,944 | 1,952 | 1,567 | |||
| Finance lease, liability | 0 | 0 | ||||
| Liabilities, other than long-term debt | 196 | 174 | 31 | |||
| Deferred income tax liabilities | 1 | 1 | ||||
| Other liabilities | 41 | 22 | 28 | |||
| Operating lease, liability | 154 | 152 | 74 | |||
| Self insurance reserve | 3 | |||||
| Other undisclosed noncurrent liabilities | 384 | 305 | 274 | |||
| Total noncurrent liabilities: | 2,523 | 2,432 | 1,946 | |||
| Total liabilities: | 6,268 | 5,566 | 4,864 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 560 | 478 | 344 | |||
| Additional paid in capital | 442 | 418 | 349 | |||
| Accumulated other comprehensive income | 3 | 6 | 2 | |||
| Retained earnings (accumulated deficit) | 114 | 54 | (7) | |||
| Other undisclosed equity, attributable to parent | 0 | |||||
| Equity, attributable to noncontrolling interest | 420 | |||||
| Other undisclosed equity | 340 | 251 | ||||
| Total equity: | 980 | 818 | 595 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,247 | 6,384 | 5,459 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 2,078 | 1,725 | 1,433 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1) | (1) | (1) | ||
| Gross profit: | 2,077 | 1,724 | 1,432 | ||
| Operating expenses | (1,718) | (1,436) | (1,246) | ||
| Other undisclosed operating income | 1 | 1 | 1 | ||
| Operating income: | 359 | 290 | 187 | ||
| Nonoperating expense (Other Nonoperating expense) | (10) | (5) | (45) | ||
| Interest and debt expense | (120) | (105) | (79) | ||
| Income from continuing operations before equity method investments, income taxes: | 229 | 180 | 62 | ||
| Income (loss) from equity method investments | 9 | (0) | (1) | ||
| Income from continuing operations before income taxes: | 238 | 179 | 62 | ||
| Income tax expense | (43) | (16) | (5) | ||
| Income from continuing operations: | 194 | 163 | 57 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 57 | |
| Net income: | 194 | 163 | 57 | ||
| Net income (loss) attributable to noncontrolling interest | (133) | (102) | 9 | ||
| Net income attributable to parent: | 61 | 61 | 66 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (0) | 1 | |||
| Net income available to common stockholders, basic: | 61 | 62 | 66 | ||
| Dilutive securities, effect on basic earnings per share | 4 | ||||
| Other undisclosed net income available to common stockholders, diluted | 76 | ||||
| Net income available to common stockholders, diluted: | 65 | 137 | 66 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income: | 194 | 163 | 57 | ||
| Other comprehensive income (loss) | (7) | 1 | |||
| Comprehensive income: | 187 | 164 | 57 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (133) | (102) | 9 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4 | 4 | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 58 | 65 | 65 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.