Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 267

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 267
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 JV 

     (33
     )

     (117
     )

     84

      U.S. Insurance JV 

     107

     (102
     )

     209

      SFAs 

     1,404

     (1,145
     )

     2,549

      Other 

     (321
     )

     231

     (552
     )

      Principal Investing principal transactions 

     (149
     )

     (10,297
     )

     10,148

      Total principal transactions 

     (6,504
     )

     (27,050
     )

     20,546

      IIFC revenue share 

     1,102

     1,464

     (362
     )

      Sale of Vellar GP 

     (836
     )

     -

     (836
     )

      All other income 

     43

     619

     (576
     )

      Other income 

     309

     2,083

     (1,774
     )

      Principal transactions and other income (loss) 
      
     $
     (6,195
     )
      
     $
     (24,967
     )
      
     $
     18,772

       67

Principal Transactions 

In the table above, our principal transactions are broken out into two groups:

1.  Capital Markets Principal Transactions: In some cases, CCM acquires financial instruments or receives financial instruments in lieu of cash for its advisory transactions. We carry these instruments at fair value with changes in fair value included as a component of principal transactions and other income in our consolidated income statement.  Gains and losses on these instruments are included in our Capital Markets segment as these instruments were acquired as part of CCM's activities.  See note 21 to our consolidated financial statements included in this Quarterly Report on Form 10-Q.

2.  Principal Investing Principal Transactions: In other cases, we will acquire a financial instrument for the purposes of earning an investment return.  We also carry these instruments at fair value with changes in fair value included as a component of principal transactions and other income in our consolidated income statement.  However, gains and losses on these instruments are included in our Principal Investing segment as these investments were acquired to earn a return.  Note that a particular instrument may be included in both categories if it was acquired as part of CCM's activities and separately acquired to earn an investment