GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Other Liabilities for Insurance Companies

Federated Hermes (FRA:3KC) Other Liabilities for Insurance Companies


View and export this data going back to 2008. Start your Free Trial

What is Federated Hermes Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


Federated Hermes (FRA:3KC) Business Description

Industry
Traded in Other Exchanges
Address
1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).