In a dutch oven or large soup pot, add chicken broth and water over medium high heat.
Whisk in ranch packet and taco seasoning until fully incorporated. Add black beans, pinto beans, diced tomatoes with chilies, frozen corn, frozen fajita mix and shredded chicken. Bring to a boil.
Add rice packet, reduce heat to medium and cover for 10 minutes, or until rice has softened.
Add in chopped cilantro and serve.
Spoon soup into bowls, garnish and enjoy!