XML 59 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Classes of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents fair value measurements for classes of Federated Hermes’ financial assets and liabilities measured at fair value on a recurring basis at December 31:
(in thousands)Level 1Level 2Level 3Total
2024
Financial Assets
Cash and Cash Equivalents$504,441 $0 $0 $504,441 
Investments—Consolidated Investment Companies12,090 70,351 0 82,441 
Investments—Affiliates and Other51,847 2,290 23 54,160 
Other1
9,570 0 0 9,570 
Total Financial Assets$577,948 $72,641 $23 $650,612 
Total Financial Liabilities2
$0 $2,819 $353 $3,172 
2023
Financial Assets
Cash and Cash Equivalents$383,180 $0 $0 $383,180 
Investments—Consolidated Investment Companies11,402 59,141 0 70,543 
Investments—Affiliates and Other104,341 2,588 23 106,952 
Other1
6,160 1,644 0 7,804 
Total Financial Assets$505,083 $63,373 $23 $568,479 
Total Financial Liabilities2
$0 $335 $7,626 $7,961 
1    Amounts primarily consist of security and other deposits and restricted cash for 2024 and 2023 and derivative assets for 2023.
2    Amounts primarily consist of derivative liabilities for 2024 and acquisition-related future contingent consideration liabilities for 2023.
Schedule of Reconciliation of Liability for Future Consideration Payments
The following table presents a reconciliation of the beginning and ending balances for Federated Hermes’ liability for future consideration payments related to these business combinations:
(in thousands)
Balance at December 31, 2023
$7,626 
Changes in Fair Value(4,037)
Contingent Consideration Payments(3,236)
Balance at December 31, 2024
$353