Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1407

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1407
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   12. INVESTMENTS IN EQUITY METHOD AFFILIATES
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   Equity method accounting requires that the Company record its investments in equity method affiliates on the consolidated balance sheets and recognize its share of the equity method affiliates’ net income as earnings in each reporting period. The Company elected to use the cumulative earnings approach for the distributions it receives from its equity method investments. Under the cumulative earnings approach, any distributions received up to the amount of cumulative earnings are treated as return on investment and classified in operating activities within the cash flows. Any excess distributions would be considered as return of investments and classified in investing activities.
    
   ﻿The Company has certain equity method affiliates for which it has elected the fair value option.  Those investees are excluded from the table below.  Those investees are included as a component of other investments, at fair value in the consolidated balance sheets.  All gains and losses (unrealized and realized) from investments classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statement of operations.
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   The following table summarizes the activities and earnings of the Company’s investments that are accounted for under the equity method. See note 4 and note 31.
     
    INVESTMENTS IN EQUITY METHOD AFFILIATES 
 (Dollars in Thousands) 

       Insurance SPAC III    Dutch Real Estate Entities    SPAC Sponsor Entities and Other    Total  
 December 31, 2021  $4,543  $5,600  $38,095  $48,238 
 Investments / advances   1,355   -   1,259   2,614 
 Distributions / repayments   -   -   (77)  (77)
 Reclasses to (from)   -   -   (20,915)  (20,915)
 Earnings / (loss) realized   (5,898)  (70)  (14,963)  (20,931)
 December 31, 2022   -   5,530   3,399   8,929 
 Investments / advances   -   -   1,896   1,896 
 Distributions / repayments   -