Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 107

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 107
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BS— 3,347,098 — 3,347,098 Agency CMBS— 2,288,071 — 2,288,071 CMBS— 763,749 — 763,749 Corporate debt— 622,155 — 622,155 Private label MBS— 42,808 — 42,808 Other— 9,041 — 9,041 Total available-for-sale securities— 8,959,729 — 8,959,729 Gross derivative instruments, before netting (1)217 330,419 — 330,636 Originated loans held for sale— 2,610 — 2,610 Investments held in Rabbi Trust11,900 — — 11,900 Alternative investments 959 — — 959 Alternative investments measured at NAV (2)— — — 35,888 Total financial assets$13,076 $9,292,758 $— $9,341,722 Financial Liabilities:Gross derivative instruments, before netting (1)$970 $334,840 $— $335,810 Contingent consideration— — 15,800 15,800 $970 $334,840 $15,800 $351,610 (1)Additional information regarding the impact of netting derivative assets and derivative liabilities, as well as the impact from offsetting cash collateral paid to the same derivative counterparties, can be found within Note 17: Derivative Financial Instruments.(2)Certain alternative investments are recorded at NAV. Assets measured at NAV are not classified within the fair value hierarchy.

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Assets Measured at Fair Value on a Non-Recurring BasisThe Company measures certain assets at fair value on a non-recurring basis. The following is a description of valuation methodologies used for assets measured at fair value on a non-recurring basis.Alternative Investments. The measurement alternative has been elected for alternative investments without readily determinable fair values that do not qualify for the NAV practical expedient. The measurement alternative requires investments to be measured at cost minus impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. Accordingly, these alternative investments are classified within Level 2 of the fair value hierarchy. At December 31, 2024, and 2023,