Company: PGYWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001883085-25-000195
Chunk: 154

Company: Pagaya Technologies Ltd.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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$(508,741)$(1,553)$(510,294)Additions to allowance for credit losses not previously recorded(2,873)(57,630)— (60,503)Reductions for securities sold during the period— 150,766 — 150,766 Additions (reductions) on securities with previous allowance— (17,856)(191)(18,047)Write-offs charged against the allowance— — 804 804 Balance, end of period$(2,873)$(433,461)$(940)$(437,274)Three Months Ended September 30, 2024Securitization notesSecuritization certificatesOther Loans and ReceivablesTotalBalance, beginning of period$— $(174,077)$(4,053)$(178,130)Additions to allowance for credit losses not previously recorded— (21,118)— (21,118)Additions (reductions) on securities with previous allowance— (55,930)(2,123)(58,053)Write-offs charged against the allowance— — 4,810 4,810 Recoveries of amounts previously written off— — (443)(443)Balance, end of period$— $(251,125)$(1,809)$(252,934)Nine Months Ended September 30, 2024Securitization notesSecuritization certificatesOther Loans and ReceivablesTotalBalance, beginning of period$— $(98,679)$(2,279)$(100,958)Additions to allowance for credit losses not previously recorded— (112,263)— (112,263)Additions to the allowance for credit losses arising from purchases — — (3,246)(3,246)Additions (reductions) on securities with previous allowance— (40,183)(3,393)(43,576)Write-offs charged against the allowance— — 7,109 7,109 Recoveries of amounts previously written off— — — — Balance, end of period$— $(251,125)$(1,809)$(252,934)

17

Investments in securities, under the fair value optionThe fair value option may be elected on an instrument-by-instrument basis and is irrevocable unless a new election date occurs.  If the fair value option is elected for an