Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 138

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 138
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257,170 Greater than one year through five years1,308,898 1,325,093 5,159,969 5,213,575 Greater than five years through ten years66,027,670 68,242,391 62,158,711 63,662,144 Greater than ten years1,937,745 2,009,558 1,817,688 1,875,105 Total$69,682,169 $71,985,132 $69,391,121 $71,007,994 The estimated weighted average lives of the Residential Securities at December 31, 2024 and 2023 in the table above are based upon projected principal prepayment rates. The actual weighted average lives of the Residential Securities could be longer or shorter than projected.The following table presents the gross unrealized losses and estimated fair value of the Company’s Agency mortgage-backed securities, accounted for as available-for-sale where the fair value option has not been elected, by length of time that such securities have been in a continuous unrealized loss position at December 31, 2024 and 2023. December 31, 2024December 31, 2023 Estimated Fair Value (1)Gross Unrealized Losses (1)Number of Securities (1)Estimated Fair Value (1)Gross Unrealized Losses (1)Number of Securities (1) (dollars in thousands)Less than 12 months$49,820 $(1,477)34 $35,453 $(418)16 12 Months or more8,054,162 (1,020,427)1,377 15,455,118 (1,340,032)1,747 Total$8,103,982 $(1,021,904)1,411 $15,490,571 $(1,340,450)1,763 (1) Excludes interest-only mortgage-backed securities and reverse mortgages and, effective July 1, 2022, newly purchased Agency pass-through, collateralized mortgage obligation (“CMO”) and multifamily securities.The decline in value of these securities is solely due to market conditions and not the quality of the assets. Substantially all of the Agency mortgage-backed securities have an actual or implied credit rating that is the same as that of the U.S. government. An impairment has not been recognized in earnings related to