Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 67

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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289,610 Private equity– – 256 43,156 43,412 Derivatives– 3,787 – – 3,787 Total$517,693 $22,269 $845 $91,676 $632,483 Liabilities:Securities sold, not yet purchased$4,529 $– $– $– $4,529 Contingent consideration liability– – 4,495 – 4,495 Derivatives– 274,280 – – 274,280 Total$4,529 $274,280 $4,495 $– $283,304 ___________________________________(a)Level 1 represents U.S. Treasury securities. The following tables provide a summary of changes in fair value of the Company’s Level 3 assets and liabilities for the three month and nine month periods ended September 30, 2025 and 2024:Three Months Ended September 30, 2025BeginningBalanceNet UnrealizedGains/LossesIncluded InEarnings Purchases/IssuancesSales/Settlements ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$697 $10 $– $– $(22)$685 Private equity funds289 – – – 1 290 Total Level 3 assets$986 $10 $– $– $(21)$975 Liabilities:Contingent consideration    liability$2,248 $26 $– $– $– $2,274 Total Level 3 liabilities$2,248 $26 $– $– $– $2,274 

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LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

Nine Months Ended September 30, 2025BeginningBalanceNet UnrealizedGains/LossesIncluded InEarnings Purchases/IssuancesSales/SettlementsForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$589 $57 $– $– $39 $685 Private equity funds256 – – – 34 290 Total Level 3 assets$845 $57 $– $