RYAN SPECIALTY HOLDINGS, INC.RYAN

Market cap

$15B

P/E ratio

	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net commissions and fees	1,433	1,725	2,078	2,516
Investment Income, Net	1	13	51	60
Compensation and benefits	-	-	-	1,591
General and administrative	139	197	276	352
Amortization	108	104	107	158
Depreciation	5	6	9	10
Change in contingent consideration	3	0	5	-23
Total operating expenses	1,246	1,436	1,718	2,088
OPERATING INCOME	187	290	359	428
Interest expense, net	-	-	-	-158
Loss (income) from equity method investment in related party	-1	-0	9	18
Other non-operating loss	-45	-5	-10	-15
Income before income taxes	62	179	238	273
Income tax expense	5	16	43	43
NET INCOME	57	163	194	230
Net Income (Loss) Attributable to Noncontrolling Interest	-9	102	133	135
NET INCOME ATTRIBUTABLE TO RYAN SPECIALTY HOLDINGS, INC.	-	-	-	95
Basic (in USD per share)	-	0.57	0.53	0.78
Diluted (in USD per share)	-	0.52	0.52	0.71