Ryan Specialty Holdings Inc-A 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549____________ FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 RYAN SPECIALTY HOLDINGS, INC. (Exact name of registrant as specified in its charter)____________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒On July27, 2026, the Registrant had 255,814,785 shares of common stock outstanding, consisting of 122,077,702 shares of Class A common stock,$0.001 par value, and 133,737,083 shares of Class B common stock, $0.001 par value. Ryan Specialty Holdings, Inc. INDEX PART I. FINANCIAL INFORMATION1Item 1.Financial Statements1Consolidated Statements of Income (Unaudited)1Consolidated Statements of Comprehensive Income (Unaudited)2Consolidated Balance Sheets (Unaudited)3Consolidated Statements of Cash Flows (Unaudited)4Consolidated Statements of Stockholders’ Equity (Unaudited)5Notes to the Consolidated Financial Statements (Unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations31Item 3.Quantitative and Qualitative Disclosure About Market Risk53Item 4.Controls and Procedures54PART II. OTHER INFORMATION56Item 1.Legal Proceedings56Item 1A.Risk Factors56Item 2.Unregistered Sales of Equity Securities and Use of Proceeds56Item 3.Defaults Upon Senior Securities56Item 4.Mine Safety Disclosures56Item 5.Other Information56Item 6.Exhibits58 This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private SecuritiesLitigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements ofhistorical fact included in this Quarterly Report on Form 10-Q, are forward-looking statements. Forward-lookingstatements give our current expectations relating to our financial condition, results of operations, plans, objectives, futureperformance, and business. You can identify forward-looking statements by the fact that they do not relate strictly tohistorical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,”“plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and other words and terms of similar meaning inconnection with any discussion of the timing or nature of future operating or financial performance or other events. Forexample, all statements we make relating to our estimated costs, expected benefits relating to our corporate restructuringprogram, expenditures, cash flows, growth rates and financial results, any future dividends, our plans, and objectives forfuture operations, growth or initiatives, strategies or the expected outcome or impact of pending or threatened litigation, areforward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actualresults to differ materially from those that we expected, including: •our failure to successfully recruit and retain our senior management team, revenue producers, or other keyemployees, and to successfully plan and prepare for the succession of our senior management team;•the potential loss of our relationships with insurance carriers or our clients, failure to maintain goodrelationships with insurance carriers or clients, becoming dependent upon a limited number of insurancecarriers or clients, or the failure to develop new insurance carrier and client relationships;•errors in, or ineffectiveness of, our underwriting models and the risks presented to our reputati