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Redeemable Noncontrolling Interests in Subsidiaries
 3 Months Ended
Mar. 31, 2025
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests in Subsidiaries Equity
In October 2023, the Federated Hermes, Inc. board of directors (Board) 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. This program was fulfilled in March 2025. In October 2024, the board of directors authorized an additional 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, 2025. 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 the Board 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, 2025, Federated Hermes repurchased approximately 3.1 million shares of its Class B common stock for $120.1 million, nearly all of which were repurchased in the open market. At March 31, 2025, approximately 2.7 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, 2025 and 2024. Class A shares have been excluded as there was no activity during these same periods.
 Three Months Ended
March 31,
20252024
Class B Shares
Beginning Balance81,759,679 84,840,989 
Stock Award Activity 394,020 391,107 
Purchase of Treasury Stock(3,057,542)(1,082,120)
Ending Balance79,096,157 84,149,976 
Treasury Shares
Beginning Balance17,745,777 14,664,467 
Stock Award Activity (394,020)(391,107)
Purchase of Treasury Stock3,057,542 1,082,120 
Ending Balance20,409,299 15,355,480 
Redeemable Noncontrolling Interests in Subsidiaries
The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:
(in thousands)Consolidated Investment CompaniesOther EntitiesTotal
Balance at December 31, 2024$45,085 $10,429 $55,514 
Net Income (Loss)2,690 52 2,742 
Other Comprehensive Income (Loss), net of tax903 163 1,066 
Subscriptions—Redeemable Noncontrolling Interest Holders16,107 128 16,235 
Distributions to Noncontrolling Interests in Subsidiaries(7,023)(1,344)(8,367)
Balance at March 31, 2025$57,762 $9,428 $67,190 
Balance at December 31, 2023$14,341 $11,504 $25,845 
Net Income (Loss)(72)49 (23)
Other Comprehensive Income (Loss), net of tax0 (106)(106)
Subscriptions—Redeemable Noncontrolling Interest Holders2,480 244 2,724 
Consolidation/(Deconsolidation)48,100 0 48,100 
Distributions to Noncontrolling Interests in Subsidiaries(2,853)(557)(3,410)
Balance at March 31, 2024$61,996 $11,134 $73,130