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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Earnings (Loss) per Share | A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share of Class A common stock is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Net income | $124,705 |  | $118,038 |  | $120,316 |  | $158,715 |
Less: Net income attributable to non-controlling interests | 72,729 |  | 71,251 |  | 95,982 |  | 95,393 |
Net income attributable to Ryan Specialty Holdings, Inc. | $51,976 |  | $46,787 |  | $24,334 |  | $63,322 |
Numerator: |  |  |  |  |  |  |  |
Net income attributable to Class A common shareholders | $51,976 |  | $46,787 |  | $24,334 |  | $63,322 |
Less: Income attributed to substantively vested RSUs | — |  | (1,556) |  | — |  | (2,138) |
Net income attributable to Class A common shareholders – basic | $51,976 |  | $45,231 |  | $24,334 |  | $61,184 |
Add: Income attributed to dilutive shares | 52,392 |  | 53,791 |  | 1,077 |  | 72,056 |
Net income attributable to Class A common shareholders – diluted | $104,368 |  | $99,022 |  | $25,411 |  | $133,240 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares of Class A common stock outstanding – basic | 126,481,643 |  | 118,394,113 |  | 125,953,583 |  | 118,102,959 |
Add: Dilutive shares | 147,663,338 |  | 152,824,436 |  | 12,212,962 |  | 152,467,499 |
Weighted-average shares of Class A common stock outstanding – diluted | 274,144,981 |  | 271,218,549 |  | 138,166,545 |  | 270,570,458 |
Earnings per share |  |  |  |  |  |  |  |
Earnings per share of Class A common stock – basic | $0.41 |  | $0.38 |  | $0.19 |  | $0.52 |
Earnings per share of Class A common stock – diluted | $0.38 |  | $0.37 |  | $0.18 |  | $0.49 |
Number of Shares Excluded from Calculation of Diluted Earnings Per Share | The following number of shares were excluded from the calculation of diluted earnings per share because the effect of including such potentially dilutive shares would have been antidilutive:
| Three Months Ended June 30, |  | Six Months Ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Conversion of non-controlling interest LLC Common Units 1 | — |  | — |  | 135,803,993 |  | — |
Incentive Options | — |  | 150,000 |  | — |  | 150,000 |
Class C Incentive Units | — |  | 195,822 |  | — |  | 195,822 |
1 Weighted average units outstanding during the period.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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