Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 470

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 470
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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)    (Level 2)    (Level 3)  
 Investments-trading:                 
 Corporate bonds and redeemable preferred stock  $53,657  $-  $53,657  $- 
 Derivatives   7,470   -   7,470   - 
 Equity securities   928   639   289   - 
 Municipal bonds   20,572   -   20,572   - 
 Residential mortgage loans   3,113   -   3,113   - 
 RMBS   9   -   9   - 
 U.S. government agency MBS and CMOs   88,000   -   88,000   - 
 U.S. government agency debt securities   6,567   -   6,567   - 
 U.S. Treasury securities   1,012   1,012   -   - 
 Total investments - trading  $181,328  $1,651  $179,677  $- 
                 
 Other investments, at fair value:                 
 Equity securities  $38,038  $38,038  $-  $- 
 Equity derivatives   1,447