XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.4

Investments | 12 Months Ended
--- | ---
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments At December 31, 2022 and 2021, Federated Hermes held investments in non-consolidated fluctuating-value Federated Hermes Funds of $67.0 million and $77.6 million, respectively, primarily in mutual funds which represent equity investments for Federated Hermes, and held investments in Separate Accounts of $9.5 million and $10.2 million at December 31, 2022 and 2021, 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, 2022 and 2021, were primarily composed of domestic debt securities ($4.6 million and $5.2 million, respectively) and stocks of large domestic and foreign companies ($3.4 million for both periods). Federated Hermes consolidates certain Federated Hermes Funds into its Consolidated Financial Statements as a result of its controlling financial interest in these Federated Hermes Funds (see Note (5)). All investments held by these consolidated Federated Hermes Funds were included in Investments—Consolidated Investment Companies on Federated Hermes’ Consolidated Balance Sheets. The investments held by consolidated Federated Hermes Funds as of December 31, 2022 and 2021, were primarily composed of domestic and foreign debt securities ($57.8 million and $65.2 million, respectively), stocks of large domestic and foreign companies ($45.3 million and $28.5 million, respectively) and stocks of small and mid-sized domestic and foreign companies ($3.3 million and $7.4 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) |  | 2022 |  | 2021 |  | 2020
Investments—Consolidated Investment Companies |  |  |  |  |  |
Net Unrealized Gains (Losses) |  | $ | (7,896) |  |  | $ | 642 |  |  | $ | 13,862 |
Net Realized Gains (Losses)1 |  | (7,333) |  |  | 1,609 |  |  | (1,352) |
Net Gains (Losses) on Investments—Consolidated Investment Companies |  | (15,229) |  |  | 2,251 |  |  | 12,510 |
Investments—Affiliates and Other |  |  |  |  |  |
Net Unrealized Gains (Losses) |  | (16,487) |  |  | 1,323 |  |  | 5,541 |
Net Realized Gains (Losses)1 |  | 3,020 |  |  | 5,958 |  |  | 16 |
Net Gains (Losses) on Investments—Affiliates and Other |  | (13,467) |  |  | 7,281 |  |  | 5,557 |
Gain (Loss) on Securities, net |  | $ | (28,696) |  |  | $ | 9,532 |  |  | $ | 18,067 |
1 Realized gains and losses are computed on a specific-identification basis.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://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 https://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 https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration