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Investments | 9 Months Ended
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Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments At September 30, 2024 and December 31, 2023, Federated Hermes held investments in non-consolidated fluctuating-value Federated Hermes Funds of $66.5 million and $99.5 million, respectively, primarily in mutual funds which represent equity investments for Federated Hermes, and held investments in Separate Accounts of $7.2 million and $7.5 million at September 30, 2024 and December 31, 2023, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets. Federated Hermes’ investments held in Separate Accounts as of September 30, 2024 and December 31, 2023 were primarily composed of stocks of large domestic and foreign companies ($3.1 million and $3.4 million, respectively) and domestic debt securities ($2.4 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 (6)). 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 September 30, 2024 and December 31, 2023 were composed of domestic and foreign debt securities ($87.8 million and $59.1 million, respectively), stocks of large domestic and foreign companies ($16.2 million and $4.9 million, respectively), stocks of small and mid-sized domestic and foreign companies ($8.1 million and $4.2 million, respectively) and mutual funds ($4.3 million and $2.3 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:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Investments—Consolidated Investment Companies |  |  |  |  |  |  |  |
Net Unrealized Gains (Losses) |  | $ | 4,433 |  |  | $ | (1,680) |  |  | $ | 2,296 |  |  | $ | 2,582 |
Net Realized Gains (Losses)1 |  | 20 |  |  | (125) |  |  | (204) |  |  | (1,101) |
Net Gains (Losses) on Investments—Consolidated Investment Companies |  | 4,453 |  |  | (1,805) |  |  | 2,092 |  |  | 1,481 |
Investments—Affiliates and Other |  |  |  |  |  |  |  |
Net Unrealized Gains (Losses) |  | 2,035 |  |  | (1,518) |  |  | 5,170 |  |  | (662) |
Net Realized Gains (Losses)1 |  | 1,447 |  |  | (115) |  |  | 1,564 |  |  | 1,275 |
Net Gains (Losses) on Investments—Affiliates and Other |  | 3,482 |  |  | (1,633) |  |  | 6,734 |  |  | 613 |
Gain (Loss) on Securities, net |  | $ | 7,935 |  |  | $ | (3,438) |  |  | $ | 8,826 |  |  | $ | 2,094 |
1 Realized gains and losses are computed on a specific-identification basis.

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