Exhibit 99.1

Federated Hermes, Inc. reports record assets under management with fourth quarter and full-year 2024 earnings

•Q4 2024 earnings per diluted share of $1.04; full-year 2024 EPS of $3.23

•Total assets under management at record $829.6 billion

•Board declares $0.31 per share quarterly dividend

(PITTSBURGH, Pa., Jan. 30, 2025) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today reported earnings per diluted share (EPS) for Q4 2024 of $1.04, compared to $0.96 for the same quarter last year, on net income of $84.7 million for Q4 2024, compared to $82.2 million for Q4 2023. Full-year 2024 EPS was $3.23, compared to $3.40 for 2023 on net income of $268.3 million for 2024, compared to $299.0 million for 2023. Federated Hermes' full-year 2024 results include a $66.3 million non-cash expense, or ($0.73) per diluted share, related to the Q2 2024 impairment of an indefinite-lived intangible asset.

Federated Hermes' total managed assets were a record $829.6 billion at Dec. 31, 2024, up $72.0 billion or 10% from $757.6 billion at Dec. 31, 2023 and up $29.1 billion or 4% from $800.5 billion at Sept. 30, 2024. Average managed assets for Q4 2024 were $804.4 billion, up $76.4 billion or 10% from $728.0 billion reported for Q4 2023 and up $10.9 billion or 1% from $793.5 billion reported for Q3 2024.

"Federated Hermes' record assets at year-end were driven by another quarter of money market asset increases, as all segments of our liquidity products offered exceptional cash management resources, as well as opportunities for attractive returns in balanced client portfolios," said J. Christopher Donahue, president and chief executive officer. "We also continued to see investor interest in a range of fixed-income strategies, from multisector to ultrashorts to emerging market debt. In equities, we saw net positive flows into the full range of our quantitative MDT equity products—in large-, mid- and small-cap funds and ETFs."

Federated Hermes' board of directors declared a quarterly dividend of $0.31 per share. The dividend is payable on Feb. 14, 2025 to shareholders of record as of Feb. 7, 2025. During Q4 2024, Federated Hermes purchased 552,533 shares of Federated Hermes class B common stock for $22.1 million, bringing the total shares of Class B common stock purchased in 2024 to 4,012,017 shares for $133.6 million.

Federated Hermes' equity assets were $79.4 billion at Dec. 31, 2024, up $0.1 billion from $79.3 billion at Dec. 31, 2023 and down $4.2 billion or 5% from $83.6 billion at Sept. 30, 2024. Top-selling equity funds on a net basis during Q4 2024 were Federated Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT Large Cap Growth Fund, Federated Hermes U.S. SMID Equity Fund, Federated Hermes MDT All Cap Core Fund and Federated Hermes U.S. Strategic Dividend ETF.

Federated Hermes' fixed-income assets were $98.1 billion at Dec. 31, 2024, up $3.2 billion or 3% from $94.9 billion at Dec. 31, 2023 and down $2.1 billion or 2% from $100.2 billion at Sept. 30, 2024. Top-selling fixed-income funds on a net basis during Q4 2024 were Federated Hermes Total Return Bond Fund, Federated Hermes Government Ultrashort Fund, Federated Hermes Emerging Markets Debt Fund, Federated Hermes Short-Term Income Fund and Federated Hermes Conservative Municipal Microshort Fund.

MEDIA:						ANALYSTS:
Ed Costello 412-288-7538						Ray Hanley 412-288-1920

Federated Hermes reports Q4 and full-year 2024 earnings Page 2 of 12

Federated Hermes' alternative/private markets assets were $18.9 billion at Dec. 31, 2024, down $1.7 billion or 8% from $20.6 billion at Dec. 31, 2023 and down $1.8 billion or 9% from $20.7 billion at Sept. 30, 2024.

Federated Hermes' money market assets were a record $630.3 billion at Dec. 31, 2024, up $70.3 billion or 13% from $560.0 billion at Dec. 31, 2023 and up $37.3 billion or 6% from $593.0 billion at Sept. 30, 2024. Money market mutual fund assets were a record $461.7 billion at Dec. 31, 2024, up $55.5 billion or 14% from $406.2 billion at Dec. 31, 2023 and up $21.3 billion or 5% from $440.4 billion at Sept. 30, 2024. Federated Hermes' money market separate account assets were a record $168.6 billion at Dec. 31, 2024, up $14.8 billion or 10% from $153.8 billion at Dec. 31, 2023 and up $16.0 billion or 10% from $152.6 billion at Sept. 30, 2024.

Financial Summary

Q4 2024 vs. Q4 2023

Revenue increased $33.2 million or 8% primarily due to an increase in revenue from higher average money market and equity assets.

During Q4 2024, Federated Hermes derived 51% of its revenue from money market assets, 48% from long-term assets (29% from equity assets, 12% from fixed-income assets and 7% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.

Operating expenses increased $25.3 million or 9% primarily due to an increase in compensation expense primarily from higher incentive compensation, an increase in distribution expenses resulting primarily from higher average managed money market and equity fund assets and an increase in other expense resulting primarily from fluctuations in foreign currency exchange rates.

Nonoperating income (expenses), net decreased $12.8 million primarily due to a decrease in the market value of investments in Q4 2024 compared to an increase in the market value of investments in Q4 2023.

Q4 2024 vs. Q3 2024

Revenue increased $16.2 million or 4% primarily due to an increase in revenue from higher average equity and money market assets.

Operating expenses increased $17.5 million or 6% primarily due to an increase in other expense resulting primarily from fluctuations in foreign currency exchange rates, an increase in advertising and promotional expenses and an increase in distribution expenses resulting primarily from higher average managed money market fund assets.

Nonoperating income (expenses), net decreased $9.0 million primarily due to a decrease in the market value of investments in Q4 2024 compared to an increase in the market value of investments in Q3 2024.

2024 vs. 2023

Revenue increased $22.5 million or 1% primarily due to an increase in revenue from higher average money market and fixed-income assets. These increases were partially offset by a decrease in carried interest of $50.0 million, including a decrease of $32.3 million of carried interest from consolidated carried interest vehicles, which is offset in compensation expense, and a decrease in revenue due to lower average equity and alternative/private markets assets.

During 2024, Federated Hermes derived 51% of its revenue from money market assets, 48% from long-term assets (29% from equity assets, 12% from fixed-income assets and 7% from alternative/private markets and multi-asset) and 1% from sources other than managed assets.

Operating expenses increased by $48.6 million or 4% primarily due to a $66.3 million increase in intangible asset-expense resulting from the impairment of an intangible asset in Q2 2024 associated with the 2018 acquisition of Federated Hermes

Federated Hermes reports Q4 and full-year 2024 earnings Page 3 of 12

Limited, offset by a decrease in compensation expense primarily resulting from the previously mentioned lower carried interest from consolidated carried interest vehicles.

Nonoperating income (expenses), net decreased $3.6 million primarily due to a smaller increase in the market value of investments in 2024 compared to the increase in the market value of investments in 2023. This decrease was partially offset by an increase in investment income from larger investment balances and an increase in yields due to higher interest rates.

Earnings call information

Federated Hermes will host an earnings conference call at 9 a.m. Eastern on Jan. 31, 2025. Investors are invited to listen to the earnings teleconference by calling 888-506-0062 (domestic) or 973-528-0011 (international) prior to the 9 a.m. start time. To listen online, visit FederatedHermes.com/us at least 15 minutes prior to register and join the call. A replay will be available at approximately 12:30 p.m. Eastern on Jan. 31, 2025. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter access code 51862. The online replay will be available via FederatedHermes.com/us for one year.

About Federated Hermes

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $829.6 billion in assets under management1. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide.

Federated Hermes ranks in the top 7% of equity fund managers, the top 9% of money market fund managers and the top 10% of fixed-income fund managers2 in the industry. For more information, including an analyst presentation, visit FederatedHermes.com/us.

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1) As of Dec. 31, 2024.

2) Morningstar, Dec. 31, 2024. Based on U.S. fund flows rankings.

Federated Securities Corp. is distributor of the Federated Hermes funds.

Certain statements in this press release, such as those related to performance, investment strategies and uses, investor preferences and demand, asset flows and asset mix constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements can include statements that do not relate strictly to historical or current facts and are typically identified by words or phrases such as “trend,” “forecast,” “project,” “predict,” “potential,” “approximate,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “projection,” “plan,” “assume,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “can,” “may” and similar expressions. Any forward-looking statement, and Federated Hermes' level of business activity and financial results, are inherently subject to significant business, market, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond Federated Hermes’ control. Other risks and uncertainties include the ability of the company to predict the level of fee waivers and expenses in future quarters, predict whether performance fees or carried interest will be earned and retained, the ability of the company to sustain product demand, the timing and level of product sales and redemptions, market appreciation or depreciation, revenues, and asset levels, flows and mix, which could vary significantly depending on various factors, such as market conditions, investment performance and investor behavior. Other risks and uncertainties include the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness, or updating, of such statements in the future.

Federated Hermes reports Q4 and full-year 2024 earnings Page 4 of 12

Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
			Quarter Ended						% Change Q4 2023 to Q4 2024			Quarter Ended			% Change Q3 2024 to Q4 2024
			Dec. 31, 2024			Dec. 31, 2023						Sept. 30, 2024
Revenue
Investment advisory fees, net			$	288,329		$	264,693		9		%	$	274,621		5		%
Administrative service fees, net			99,711			90,930			10			97,687			2
Other service fees, net			36,643			35,874			2			36,148			1
Total Revenue			424,683			391,497			8			408,456			4
Operating Expenses
Compensation and related			137,165			127,504			8			136,027			1
Distribution			98,070			90,940			8			95,859			2
Systems and communications			23,843			20,944			14			23,656			1
Professional service fees			20,307			16,632			22			19,849			2
Office and occupancy			10,328			10,159			2			9,884			4
Advertising and promotional			7,785			9,684			(20)			5,378			45
Travel and related			4,058			4,308			(6)			4,221			(4)
Intangible asset related			3,230			3,676			(12)			3,504			(8)
Other			9,470			5,080			86			(1,664)			NM
Total Operating Expenses			314,256			288,927			9			296,714			6
Operating Income			110,427			102,570			8			111,742			(1)
Nonoperating Income (Expenses)
Investment income (loss), net			5,037			17,418			(71)			14,015			(64)
Debt expense			(3,187)			(3,142)			1			(3,170)			1
Other, net			54			461			(88)			16			238
Total Nonoperating Income (Expenses), net			1,904			14,737			(87)			10,861			(82)
Income before income taxes			112,331			117,307			(4)			122,603			(8)
Income tax provision			28,477			31,260			(9)			32,262			(12)
Net income including the noncontrolling interests in subsidiaries			83,854			86,047			(3)			90,341			(7)
Less: Net (loss) income attributable to the noncontrolling interests in subsidiaries			(862)			3,869			(122)			2,803			(131)
Net Income			$	84,716		$	82,178		3		%	$	87,538		(3)		%
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted			$	1.04		$	0.96		8		%	$	1.06		(2)		%
Weighted-Average Shares Outstanding
Basic			78,300			81,961						78,690
Diluted			78,300			81,973						78,706
Dividends Declared Per Share			$	0.31		$	0.28					$	0.31

1)     Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the “two-class method.” As such, total net income of $3.6 million, $3.6 million and $3.7 million available to unvested restricted Federated Hermes shareholders for the quarterly periods ended Dec. 31, 2024, Dec. 31, 2023 and Sept. 30, 2024, respectively, was excluded from the computation of earnings per share.

Federated Hermes reports Q4 and full-year 2024 earnings Page 5 of 12

Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
						Year Ended
						Dec. 31, 2024						Dec. 31, 2023						% Change
Revenue
Investment advisory fees, net						$	1,097,866					$	1,115,783					(2)		%
Administrative service fees, net—affiliates						387,531						343,332						13
Other service fees, net						146,696						150,459						(3)
Total Revenue						1,632,093						1,609,574						1
Operating Expenses
Compensation and related						540,486						563,388						(4)
Distribution						382,327						371,198						3
Systems and communications						92,515						84,203						10
Intangible asset related						79,361						13,870						472
Professional service fees						78,353						69,514						13
Office and occupancy						39,946						45,069						(11)
Advertising and promotional						24,090						22,992						5
Travel and related						15,399						15,409						0
Other						18,149						36,382						(50)
Total Operating Expenses						1,270,626						1,222,025						4
Operating Income						361,467						387,549						(7)
Nonoperating Income (Expenses)
Investment income (loss), net						32,668						35,740						(9)
Debt expense						(12,665)						(12,519)						1
Other, net						139						562						(75)
Total Nonoperating Income (Expenses), net						20,142						23,783						(15)
Income before income taxes						381,609						411,332						(7)
Income tax provision						113,179						106,551						6
Net income including the noncontrolling interests in subsidiaries						268,430						304,781						(12)
Less: Net income attributable to the noncontrolling interests in subsidiaries						116						5,801						(98)
Net Income						$	268,314					$	298,980					(10)		%
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Share1
Basic and diluted						$	3.23					$	3.40					(5)		%
Weighted-Average Shares Outstanding
Basic						79,426						83,858
Diluted						79,430						83,863
Dividends Declared Per Share						$	2.21					$	1.11

1)     Unvested share-based awards that receive non-forfeitable dividend rights are deemed participating securities and are required to be considered in the computation of earnings per share under the “two-class method.” As such, total net income of $11.6 million and $14.0 million available to unvested restricted Federated Hermes shareholders for the years ended Dec. 31, 2024 and Dec. 31, 2023, respectively, was excluded from the computation of earnings per share.

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Unaudited Condensed Consolidated Balance Sheets
(in thousands)			Dec. 31, 2024			Dec. 31, 2023
Assets
Cash and other investments			$	641,042		$	560,675
Other current assets			140,310			160,054
Intangible assets, net, including goodwill			1,132,699			1,216,605
Other long-term assets			170,633			164,510
Total Assets			$	2,084,684		$	2,101,844
Liabilities, Redeemable Noncontrolling Interests and Equity
Current liabilities			$	289,193		$	287,343
Long-term debt			348,106			347,843
Other long-term liabilities			296,665			312,561
Redeemable noncontrolling interests			55,514			25,845
Equity excluding treasury stock			1,728,044			1,649,655
Treasury stock			(632,838)			(521,403)
Total Liabilities, Redeemable Noncontrolling Interests and Equity			$	2,084,684		$	2,101,844

Federated Hermes reports Q4 and full-year 2024 earnings Page 7 of 12

Unaudited Changes in Long-Term Assets - By Asset Class
(in millions)			Quarter Ended												Year Ended
			Dec. 31, 2024			Sept. 30, 2024			Dec. 31, 2023						Dec. 31, 2024			Dec. 31, 2023
Equity
Beginning assets			$	83,609		$	77,851		$	77,315					$	79,291		$	81,523
Sales1			4,868			3,607			3,335						16,201			17,732
Redemptions1			(7,388)			(5,046)			(8,005)						(26,856)			(24,742)
Net sales (redemptions)1			(2,520)			(1,439)			(4,670)						(10,655)			(7,010)
Net exchanges			(39)			(4)			(6)						(29)			120
Impact of foreign exchange2			(1,313)			725			891						(1,143)			538
Market gains and (losses)3			(314)			6,476			5,761						11,959			4,120
Ending assets			$	79,423		$	83,609		$	79,291					$	79,423		$	79,291
Fixed Income
Beginning assets			$	100,171		$	95,294		$	89,765					$	94,920		$	86,743
Sales1			6,400			7,345			7,594						25,590			26,809
Redemptions1			(7,345)			(5,942)			(6,669)						(25,381)			(23,892)
Net sales (redemptions)1			(945)			1,403			925						209			2,917
Net exchanges			35			(12)			7						(163)			(113)
Impact of foreign exchange2			(160)			98			143						(141)			128
Market gains and (losses)3			(1,042)			3,388			4,080						3,234			5,245
Ending assets			$	98,059		$	100,171		$	94,920					$	98,059		$	94,920
Alternative / Private Markets
Beginning assets			$	20,683		$	20,061		$	20,337					$	20,551		$	20,802
Sales1			618			558			700						2,584			3,268
Redemptions1			(1,487)			(881)			(755)						(4,285)			(3,158)
Net sales (redemptions)1			(869)			(323)			(55)						(1,701)			110
Net exchanges			(1)			12			(3)						187			(9)
Impact of foreign exchange2			(1,188)			1,017			836						(376)			981
Market gains and (losses)3			239			(84)			(564)						203			(1,333)
Ending assets			$	18,864		$	20,683		$	20,551					$	18,864		$	20,551
Multi-asset
Beginning assets			$	2,958		$	2,876		$	2,728					$	2,867		$	2,989
Sales1			45			38			34						169			144
Redemptions1			(97)			(94)			(142)						(416)			(548)
Net sales (redemptions)1			(52)			(56)			(108)						(247)			(404)
Net exchanges			8			4			8						13			11
Market gains and (losses)3			(31)			134			239						250			271
Ending assets			$	2,883		$	2,958		$	2,867					$	2,883		$	2,867
Total Long-term Assets
Beginning assets			$	207,421		$	196,082		$	190,145					$	197,629		$	192,057
Sales1			11,931			11,548			11,663						44,544			47,953
Redemptions1			(16,317)			(11,963)			(15,571)						(56,938)			(52,340)
Net sales (redemptions)1			(4,386)			(415)			(3,908)						(12,394)			(4,387)
Net exchanges			3			0			6						8			9
Impact of foreign exchange2			(2,661)			1,840			1,870						(1,660)			1,647
Market gains and (losses)3			(1,148)			9,914			9,516						15,646			8,303
Ending assets			$	199,229		$	207,421		$	197,629					$	199,229		$	197,629

1)     For certain accounts, including separately managed accounts, institutional accounts, certain sub-advised funds and other managed products, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2) Reflects the impact of translating non-U.S. dollar denominated assets under management (AUM) into U.S. dollars for reporting purposes.

3) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

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Unaudited Changes in Long-Term Assets - By Asset Class and Product Type
(in millions)
			Quarter Ended
			Dec. 31, 2024
			Equity						Fixed Income						Alternative / Private Markets						Multi-asset						Total
			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1
Beginning assets			$	45,391		$	38,218		$	46,027		$	54,144		$	12,558		$	8,125		$	2,823		$	135		$	106,799		$	100,622
Sales			3,127			1,741			4,056			2,344			477			141			44			1			7,704			4,227
Redemptions			(3,442)			(3,946)			(3,748)			(3,597)			(1,112)			(375)			(90)			(7)			(8,392)			(7,925)
Net sales (redemptions)			(315)			(2,205)			308			(1,253)			(635)			(234)			(46)			(6)			(688)			(3,698)
Net exchanges			(39)			0			36			(1)			(1)			0			8			0			4			(1)
Impact of foreign exchange2			(604)			(709)			(96)			(64)			(672)			(516)			0			0			(1,372)			(1,289)
Market gains and (losses)3			(681)			367			(725)			(317)			251			(12)			(21)			(10)			(1,176)			28
Ending assets			$	43,752		$	35,671		$	45,550		$	52,509		$	11,501		$	7,363		$	2,764		$	119		$	103,567		$	95,662
			Year Ended
			Dec. 31, 2024
			Equity						Fixed Income						Alternative / Private Markets						Multi-asset						Total
			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1			Funds			Separate Accounts1
Beginning assets			$	42,513		$	36,778		$	43,908		$	51,012		$	12,379		$	8,172		$	2,730		$	137		$	101,530		$	96,099
Sales			10,220			5,981			15,307			10,283			2,144			440			163			6			27,834			16,710
Redemptions			(13,979)			(12,877)			(14,760)			(10,621)			(3,478)			(807)			(396)			(20)			(32,613)			(24,325)
Net sales (redemptions)			(3,759)			(6,896)			547			(338)			(1,334)			(367)			(233)			(14)			(4,779)			(7,615)
Net exchanges			(29)			0			(145)			(18)			187			0			13			0			26			(18)
Impact of foreign exchange2			(453)			(690)			(68)			(73)			(216)			(160)			0			0			(737)			(923)
Market gains and (losses)3			5,480			6,479			1,308			1,926			485			(282)			254			(4)			7,527			8,119
Ending assets			$	43,752		$	35,671		$	45,550		$	52,509		$	11,501		$	7,363		$	2,764		$	119		$	103,567		$	95,662

1) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed products. For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

2)    Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

3)    Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

Federated Hermes reports Q4 and full-year 2024 earnings Page 9 of 12

Unaudited Changes in Long-Term Assets - By Product Type

(in millions)

			Quarter Ended												Year Ended
			Dec. 31, 2024			Sept. 30, 2024			Dec. 31, 2023						Dec. 31, 2024			Dec. 31, 2023
Total Fund Assets
Beginning assets			$	106,799		$	101,247		$	98,378					$	101,530		$	102,423
Sales			7,704			6,646			5,999						27,834			26,191
Redemptions			(8,392)			(7,234)			(9,578)						(32,613)			(34,003)
Net sales (redemptions)			(688)			(588)			(3,579)						(4,779)			(7,812)
Net exchanges			4			14			(7)						26			3
Impact of foreign exchange1			(1,372)			1,060			1,002						(737)			1,025
Market gains and (losses)2			(1,176)			5,066			5,736						7,527			5,891
Ending assets			$	103,567		$	106,799		$	101,530					$	103,567		$	101,530
Total Separate Accounts Assets3
Beginning assets			$	100,622		$	94,835		$	91,767					$	96,099		$	89,634
Sales4			4,227			4,902			5,664						16,710			21,762
Redemptions4			(7,925)			(4,729)			(5,993)						(24,325)			(18,337)
Net sales (redemptions)4			(3,698)			173			(329)						(7,615)			3,425
Net exchanges			(1)			(14)			13						(18)			6
Impact of foreign exchange1			(1,289)			780			868						(923)			622
Market gains and (losses)2			28			4,848			3,780						8,119			2,412
Ending assets			$	95,662		$	100,622		$	96,099					$	95,662		$	96,099
Total Long-term Assets3
Beginning assets			$	207,421		$	196,082		$	190,145					$	197,629		$	192,057
Sales4			11,931			11,548			11,663						44,544			47,953
Redemptions4			(16,317)			(11,963)			(15,571)						(56,938)			(52,340)
Net sales (redemptions)4			(4,386)			(415)			(3,908)						(12,394)			(4,387)
Net exchanges			3			0			6						8			9
Impact of foreign exchange1			(2,661)			1,840			1,870						(1,660)			1,647
Market gains and (losses)2			(1,148)			9,914			9,516						15,646			8,303
Ending assets			$	199,229		$	207,421		$	197,629					$	199,229		$	197,629

1) Reflects the impact of translating non-U.S. dollar denominated AUM into U.S. dollars for reporting purposes.

2) Reflects the approximate changes in the fair value of the securities held by the portfolios and, to a lesser extent, reinvested dividends, distributions and net investment income.

3) Includes separately managed accounts, institutional accounts, certain sub-advised funds and other managed products.

4)    For certain accounts, Sales and Redemptions are calculated as the remaining difference between beginning and ending assets after the calculation of total investment return.

Federated Hermes reports Q4 and full-year 2024 earnings Page 10 of 12

Unaudited Managed Assets (in millions)			Dec. 31, 2024			Sept. 30, 2024			June 30, 2024			March 31, 2024			Dec. 31, 2023
By Asset Class
Equity			$	79,423		$	83,609		$	77,851		$	80,157		$	79,291
Fixed-income			98,059			100,171			95,294			96,325			94,920
Alternative / private markets			18,864			20,683			20,061			20,465			20,551
Multi-asset			2,883			2,958			2,876			2,928			2,867
Total long-term assets			199,229			207,421			196,082			199,875			197,629
Money market			630,349			593,030			586,647			578,811			559,993
Total Managed Assets			$	829,578		$	800,451		$	782,729		$	778,686		$	757,622
By Product Type
Funds:
Equity			$	43,752		$	45,391		$	42,404		$	43,415		$	42,513
Fixed-income			45,550			46,027			43,842			44,481			43,908
Alternative / private markets			11,501			12,558			12,258			12,458			12,379
Multi-asset			2,764			2,823			2,743			2,789			2,730
Total long-term assets			103,567			106,799			101,247			103,143			101,530
Money market			461,720			440,397			425,627			417,102			406,166
Total Fund Assets			$	565,287		$	547,196		$	526,874		$	520,245		$	507,696
Separate Accounts:
Equity			$	35,671		$	38,218		$	35,447		$	36,742		$	36,778
Fixed-income			52,509			54,144			51,452			51,844			51,012
Alternative / private markets			7,363			8,125			7,803			8,007			8,172
Multi-asset			119			135			133			139			137
Total long-term assets			95,662			100,622			94,835			96,732			96,099
Money market			168,629			152,633			161,020			161,709			153,827
Total Separate Account Assets			$	264,291		$	253,255		$	255,855		$	258,441		$	249,926
Total Managed Assets			$	829,578		$	800,451		$	782,729		$	778,686		$	757,622

Federated Hermes reports Q4 and full-year 2024 earnings Page 11 of 12

Unaudited Average Managed Assets			Quarter Ended
(in millions)			Dec. 31, 2024			Sept. 30, 2024			June 30, 2024			March 31, 2024			Dec. 31, 2023
By Asset Class
Equity			$	82,247		$	80,220		$	78,137		$	78,969		$	76,009
Fixed-income			98,254			97,563			95,484			95,791			91,927
Alternative / private markets			19,754			20,455			20,306			20,485			20,623
Multi-asset			2,934			2,910			2,889			2,874			2,744
Total long-term assets			203,189			201,148			196,816			198,119			191,303
Money market			601,169			592,304			582,758			578,383			536,727
Total Avg. Managed Assets			$	804,358		$	793,452		$	779,574		$	776,502		$	728,030
By Product Type
Funds:
Equity			$	45,261		$	43,632		$	42,274		$	42,355		$	40,296
Fixed-income			45,654			44,977			43,910			43,857			42,705
Alternative / private markets			12,010			12,451			12,331			12,377			12,571
Multi-asset			2,811			2,775			2,737			2,739			2,615
Total long-term assets			105,736			103,835			101,252			101,328			98,187
Money market			445,775			436,418			419,999			414,902			392,946
Total Avg. Fund Assets			$	551,511		$	540,253		$	521,251		$	516,230		$	491,133
Separate Accounts:
Equity			$	36,986		$	36,588		$	35,863		$	36,614		$	35,713
Fixed-income			52,600			52,586			51,574			51,934			49,222
Alternative / private markets			7,744			8,004			7,975			8,108			8,052
Multi-asset			123			135			152			135			129
Total long-term assets			97,453			97,313			95,564			96,791			93,116
Money market			155,394			155,886			162,759			163,481			143,781
Total Avg. Separate Account Assets			$	252,847		$	253,199		$	258,323		$	260,272		$	236,897
Total Avg. Managed Assets			$	804,358		$	793,452		$	779,574		$	776,502		$	728,030

Federated Hermes reports Q4 and full-year 2024 earnings Page 12 of 12

Unaudited Average Managed Assets						Year Ended
(in millions)						Dec. 31, 2024						Dec. 31, 2023
By Asset Class
Equity						$	79,893					$	81,348
Fixed-income						96,773						89,079
Alternative / private markets						20,250						21,096
Multi-asset						2,902						2,887
Total long-term assets						199,818						194,410
Money market						588,653						511,568
Total Avg. Managed Assets						$	788,471					$	705,978
By Product Type
Funds:
Equity						$	43,380					$	43,314
Fixed-income						44,600						43,482
Alternative / private markets						12,292						12,999
Multi-asset						2,766						2,749
Total long-term assets						103,038						102,544
Money market						429,273						365,500
Total Avg. Fund Assets						$	532,311					$	468,044
Separate Accounts:
Equity						$	36,513					$	38,034
Fixed-income						52,173						45,597
Alternative / private markets						7,958						8,097
Multi-asset						136						138
Total long-term assets						96,780						91,866
Money market						159,380						146,068
Total Avg. Separate Account Assets						$	256,160					$	237,934
Total Avg. Managed Assets						$	788,471					$	705,978