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Investments

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

At December 31, 2020 and 2019, Federated Hermes held investments in fluctuating-value Federated Hermes Funds of $36.0 million and $20.1 million, respectively, primarily in mutual funds which invest in equity securities and held investments in Separate Accounts of $9.6 million and $6.8 million at December 31, 2020 and 2019, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets. Federated Hermes' investments held in Separate Accounts as of December 31, 2020 and 2019, were primarily composed of domestic debt securities ($5.2 million and $2.6 million, respectively) and stocks of large U.S. and international companies ($3.1 million and $3.0 million, respectively).

Federated Hermes consolidates certain Federated Hermes Funds into its Consolidated Financial Statements as a result of Federated Hermes' controlling financial interest in these Federated Hermes Funds (see Note (6)). All investments held by these consolidated Federated Hermes Funds were included in Investments—Consolidated Investment Companies on Federated Hermes' Consolidated Balance Sheets.

Federated Hermes' investments held by consolidated Federated Hermes Funds as of December 31, 2020 and 2019, were primarily composed of domestic and foreign debt securities ($48.6 million and $38.9 million, respectively), stocks of large U.S. and international companies ($35.2 million and $22.6 million, respectively) and stocks of small and mid-sized U.S. and international companies ($6.4 million and $2.8 million, respectively).

The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes' investments:

(in thousands)						2020						2019						2018
Investments—Consolidated Investment Companies
Unrealized Gains (Losses)						$	13,862					$	4,759					$	(3,142)
Net Realized Gains (Losses)1						(1,352)						(1,243)						(374)
Net Gains (Losses) on Investments—Consolidated Investment Companies						12,510						3,516						(3,516)
Investments—Affiliates and Other
Unrealized Gains (Losses)						5,541						2,156						(1,180)
Net Realized Gains (Losses)1						16						(706)						339
Net Gains (Losses) on Investments—Affiliates and Other						5,557						1,450						(841)
Gain (Loss) on Securities, net						$	18,067					$	4,966					$	(4,357)

1    Realized gains and losses are computed on a specific-identification basis.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

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