Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 199

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 199
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495 $53 $– $(2,300)$– $2,248 Total Level 3 liabilities$4,495 $53 $– $(2,300)$– $2,248 Three Months Ended June 30, 2024BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/IssuancesSales/Settlements/ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equity$475 $37 $109 $– $(10)$611 Private equity funds267 – – – (3)264 Total Level 3 assets$742 $37 $109 $– $(13)$875 Liabilities:Contingent consideration   liability$4,336 $53 $– $– $– $4,389 Total Level 3 liabilities$4,336 $53 $– $– $– $4,389 

21

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

Six Months Ended June 30, 2024BeginningBalanceNet Unrealized/RealizedGains/LossesIncluded InEarnings (a)Purchases/Acquisitions/IssuancesSales/Settlements/Transfers ForeignCurrencyTranslationAdjustmentsEndingBalanceAssets:Investments:Equities$493 $37 $109 $– $(28)$611 Private equity funds273 – – – (9)264 Total Level 3 assets$766 $37 $109 $– $(37)$875 Liabilities:Contingent consideration   liability (b)$6,583 $106 $– $(2,300)$– $4,389 Total Level 3 liabilities$6,583 $106 $– $(2,300)$– $4,389 _________________________________(a)Earnings recorded in “other revenue” for investments in Level 3 assets for the three month and six month periods ended June 30, 2025 and 2024 include net unrealized gains of $46, $47, $37, and $37, respectively. Unrealized losses of $27, $53