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Equity
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Equity Equity In June 2022, the board of directors authorized a share repurchase program with no stated expiration date that allows the repurchase of up to 5.0 million shares of Class B common stock. No other program existed as of March 31, 2023. The program authorizes executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities, unless Federated Hermes’ board of directors subsequently determines to retire the repurchased stock and restore the shares to authorized but unissued status (rather than holding the shares in treasury). During the three months ended March 31, 2023, Federated Hermes repurchased approximately 0.1 million shares of its Class B common stock for $4.7 million, nearly all of which were repurchased in the open market. At March 31, 2023, approximately 4.6 million shares remain available to be repurchased under this share repurchase program.
The following table presents the activity for the Class B common stock and Treasury stock for the three months ended March 31, 2023 and 2022. Class A shares have been excluded as there was no activity during these same periods.
 Three Months Ended
March 31,
20232022
Class B Shares
Beginning Balance89,275,935 93,410,968 
Stock Award Activity 375,796 1,692,542 
Purchase of Treasury Stock(132,592)(3,039,917)
Ending Balance89,519,139 92,063,593 
Treasury Shares
Beginning Balance10,229,521 16,094,488 
Stock Award Activity (375,796)(1,692,542)
Purchase of Treasury Stock132,592 3,039,917 
Ending Balance9,986,317 17,441,863 
Redeemable Noncontrolling Interests in Subsidiaries
The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:
(in thousands)Consolidated Investment CompaniesFHL and other entitiesTotal
Balance at December 31, 2022$50,317 $11,504 $61,821 
Net Income (Loss)1,925 (60)1,865 
Other Comprehensive Income (Loss), net of tax0 232 232 
Subscriptions—Redeemable Noncontrolling Interest Holders12,669 107 12,776 
Consolidation/(Deconsolidation)(33,962)0 (33,962)
Distributions to Noncontrolling Interests in Subsidiaries(2,499)(725)(3,224)
Balance at March 31, 2023$28,450 $11,058 $39,508 
Balance at December 31, 2021$24,659 $38,543 $63,202 
Net Income (Loss)(1,744)478 (1,266)
Other Comprehensive Income (Loss), net of tax0 (457)(457)
Subscriptions—Redeemable Noncontrolling Interest Holders29,577 763 30,340 
Consolidation/(Deconsolidation)(16,034)0 (16,034)
Stock Award Activity0 707 707 
Distributions to Noncontrolling Interests in Subsidiaries(771)(3,568)(4,339)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests in FHL0 14,221 14,221 
Acquisition of Additional Equity of FHL0 (37,805)(37,805)
Balance at March 31, 2022$35,687 $12,882 $48,569