Receivables and Other Current Assets

9 Months Ended

Sep. 30, 2025

Receivables

The Company had receivables of $439.8 million and $389.8 million outstanding as of September 30, 2025 and

December 31, 2024, respectively, which were recognized within Commissions and fees receivable – net on the

Consolidated Balance Sheets. Commission and fees receivable is net of an allowance for credit losses. The Company’s

allowance for credit losses is based on a combination of factors, including evaluation of historical write-offs, current

economic conditions, aging of balances, and other qualitative and quantitative analyses.

The following table provides a summary of changes in the Company’s allowance for expected credit losses:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Beginning of period	$3,706	$3,153	$3,018	$2,458
Write-offs	(1,449)	(1,225)	(3,660)	(2,510)
Increase in provision	2,361	1,691	5,260	3,671
End of period	$4,618	$3,619	$4,618	$3,619

Other Current Assets

Major classes of other current assets consisted of the following:

Other current receivables contain service receivables from Geneva Re, Ltd. See Note 14, Related Parties, for further

information regarding related parties. See Note 13, Commitments and Contingencies, for further information on the

insurance recoverable. See Note 10, Derivatives, for further information on the interest rate cap.

RYAN SPECIALTY HOLDINGS, INC. 10-Q