Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 32

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 of future performance. In addition, the Company may consult with and consider the input of financial and other professionals in developing appropriate return benchmarks.The Company evaluated its defined benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of September 30, 2025. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At September 30, 2025, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,283.9 million, or approximately 38% of total plan assets. At December 31, 2024, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,178.5 million, or approximately 40% of total plan assets. Assets also included $110.9 million and $100.1 million of Markel shares at September 30, 2025 and December 31, 2024, respectively.Other Postretirement Plans.  The total benefit arising from the Company’s other postretirement plans consists of the following components:  Three Months Ended  September 30Nine Months Ended  September 30(in thousands)2025202420252024Interest cost$10 $14 $32 $42 Recognized actuarial gain(378)(469)(1,137)(1,408)Net Periodic Benefit$(368)$(455)$(1,105)$(1,366)

12.    OTHER NON-OPERATING INCOME (EXPENSE)

A summary of non-operating income (expense) is as follows:Three Months Ended  September 30Nine Months Ended  September 30(in thousands)2025202420252024Impairment of cost method investments$(1,486)$— $(14,165)$(744)Foreign currency gain (loss), net1,147 (4,559)(7,707)(5,642)Gain on sale of businesses— 3,763 371 8,121 Gain on cost method investments— 191 — 191 Gain on sale of investment in affiliate— — — 15 Other gain, net346 140 987 1,032 Total Other Non-Operating Income