• Ryan Specialty Holdings average return on tangible equity for 2023 was -6.92, a 38.96% increase from 2022.
• Ryan Specialty Holdings average return on tangible equity for 2022 was -4.98, a 7.33% increase from 2021.
• Ryan Specialty Holdings average return on tangible equity for 2021 was -4.64, a 74.11% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.