Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 467

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 467
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. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets.
    
   The Company recognized net gains (losses) of ($62,560), ($92,931), and ($30,914) related to changes in fair value of investments that were included as a component of other investments, at fair value during the years ended  December 31, 2024, 2023, and 2022, respectively. The Company recognized net gains (losses) of $29,658, $107,816, and $307 related to changes in fair value of investments that are included as a component of other investments, sold not yet purchased during the years ended  December 31, 2024, 2023, and 2022, respectively.
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   Fair Value Measurements 
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   In accordance with ASC 820, the Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into a three-level valuation hierarchy. The valuation hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the valuation hierarchy under ASC 820 are described below.
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    Level 1  Financial assets and liabilities with values that are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. 

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    Level 2  Financial assets and liabilities with values that are based on one or more of the following: 

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     1.  Quoted prices for similar assets or liabilities in active markets; 

     2.  Quoted prices for identical or similar assets or liabilities in non-active markets; 

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     3.  Pricing models with inputs that are derived, other than quoted prices, and are observable for substantially the full term of the asset or liability; or 

     4.  Pricing models with inputs that are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. 

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    Level 3  Financial assets and liabilities with values that are based on prices or valuation techniques that require inputs that are both significant to the fair value measurement