Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2632

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2632
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 units   -   (443,474)  -   (555,389)  (998,863)
 December 31, 2024   16,352,602   20,342,500   20,225,095   57,372   56,977,569 

        F-
       57

   The following table presents the impact to equity from Cohen & Company Inc.’s ownership interest in the Operating LLC.

       For the Year Ended December 31,  
   2024    2023    2022  
 Net income / (loss) attributable to Cohen & Company Inc.  $(129) $(5,113) $(13,389)
 Transfers (to) from the non-controlling interest:             
 Increase / (decrease) in Cohen & Company Inc.'s paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net   679   636   (338)
 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from non-controlling interest  $550  $(4,477) $(13,727)

   Detail of Non-Controlling Interest
     
   The Company has two major categories of non-controlling interest.  Convertible non-controlling interest represents the portion of the Operating LLC not owned by the Company.  The convertible non-controlling interest is exchangeable in certain circumstances into Common Stock.  Non-convertible non-controlling interest represents the portion of various subsidiaries of the Operating LLC that are not wholly owned by the Operating LLC.  The non-convertible non-controlling interest is not exchangeable into Common Stock. 

    ROLLFORWARD OF NON-CONTROLLING INTERESTS 
 (Dollars in Thousands) 

       Operating LLC    Insurance SPACs Sponsor Entities    Other Consolidated Subsidiaries    Total  
 December 31, 2021  $57,628  $4,808  $27,056  $89,492 
 Non-controlling interest share of (loss)   (22,078)  (4,808)  (18,395)  (45,281)
 Other comprehensive income   (152)  -   -   (152)
 Acquisition /