Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2111

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 2111
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   Share forward liabilities are included as a component of other investments sold, not yet purchased in the Company's balance sheets.  The Company utilizes a model to value these instruments with observable inputs and considers these derivatives as level 2 within the fair value hierarchy.  See note 10.

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   Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent) 
   ﻿ 
   The following table presents additional information about investments in certain entities that calculate NAV per share (regardless of whether the “practical expedient” provisions of ASC 820 have been applied), which are measured at fair value on a recurring basis as of  December 31, 2024 and 2023.
     
    FAIR VALUE MEASUREMENTS OF INVESTMENTS IN CERTAIN ENTITIES 
 THAT CALCULATE NET ASSET VALUE PER SHARE (OR ITS EQUIVALENT) 
 (Dollars in Thousands) 

       December 31, 2024    Unfunded Commitments    Redemption Frequency    Redemption Notice Period  
 Other investments, at fair value                 
 CREO JV (a)  $6,432  $10,118    N/A     N/A  
 U.S. Insurance JV (b)   2,825   N/A    N/A     N/A  
  $9,257             

       December 31, 2023    Unfunded Commitments    Redemption Frequency    Redemption Notice Period  
 Other investments, at fair value                 
 CREO JV (a)  $4,783  $11,150   N/A   N/A 
 U.S. Insurance JV (b)   3,107   N/A   N/A   N/A 
  $7,890             

   N/A – Not applicable.
   ﻿ 
   (a)The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans.
 (b)  The U.S. Insurance JV invests in USD denominated debt issued by small and medium sized insurance and reinsurance companies. 

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   10. DERIVATIVE FINANCIAL INSTRUMENTS 
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   The Company  may, from time to time, enter into the following derivative instruments:
    
   Equity Derivatives