Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2343

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 4
Chunk 2343
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1,565      1,565    
   26,005  $8,676  $17,329  $- 
 Investments measured at NAV (1)   9,257             
 Total other investments, at fair value  $35,262             
                 
 Liabilities                 
 Trading securities sold, not yet purchased:                 
 Corporate bonds and redeemable preferred stock  $7,342  $-  $7,342  $- 
 Derivatives   4,050   -   4,050   - 
 Equity securities   83   83   -   - 
 U.S. government agency debt securities   40   -   40   - 
 U.S. Treasury securities   24,917   24,917   -   - 
 Total trading securities sold, not yet purchased  $36,432  $25,000  $11,432  $- 
 ﻿                 
 Other investments, sold not yet purchased:                 
 Equity securities  $1,181  $1,181  $-  $- 
 Share forward liabilities   470   -   470   - 
 Total other investments, sold not yet purchased  $1,651  $1,181  $470  $- 

    (1)  As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the CREO JV. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies.  The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans.  According to ASC 820, these investments are not categorized within the valuation hierarchy.   

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    FAIR VALUE MEASUREMENTS ON A RECURRING BASIS 
 As of  December 31, 2023 
 (Dollars in Thousands) 

               Significant    Significant  
       Quoted Prices in    Other Observable    Unobservable  
      Active Markets  Inputs  Inputs 
 Assets   Fair Value    (Level 1)