Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 17

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 17
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ized LossesAgency$770,809 $(3,583)$2,327,856 $(75,680)$3,098,665 $(79,263)Non-Agency600 (184)— — 600 (184)Total$771,409 $(3,767)$2,327,856 $(75,680)$3,099,265 $(79,447)

11

Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

December 31, 2024Unrealized Loss Position forLess than 12 Months12 Months or MoreTotal(in thousands)Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesAgency$3,252,413 $(53,374)$3,845,019 $(270,700)$7,097,432 $(324,074)Non-Agency5 — — — 5 — Total$3,252,418 $(53,374)$3,845,019 $(270,700)$7,097,437 $(324,074)Gross Realized Gains and LossesGains and losses from the sale of AFS securities are recorded as realized gains (losses) within (loss) gain on investment securities in the Company’s consolidated statements of comprehensive (loss) income. The following table presents details around sales of AFS securities during the three and nine months ended September 30, 2025 and 2024:Three Months EndedNine Months EndedSeptember 30,September 30,(in thousands)2025202420252024Proceeds from sales of available-for-sale securities$4,246,997 $91,115 $9,348,345 $896,520 Amortized cost of available-for-sale securities sold(4,262,884)(91,503)(9,430,868)(929,064)Total realized losses on sales, net$(15,887)$(388)$(82,523)$(32,544)Gross realized gains$12,369 $— $24,871 $627 Gross realized losses(28,256)(388)(107,394)(33,171)Total realized losses on sales, net$(15,887)$(388)$(82,523)$(32,544)

Note 6. Serv