Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 34

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 34
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.1) billion for the year ended December 31, 2024 compared with ($2.9) billion for the same period in 2023. For the year ended December 31, 2024, we disposed of Residential Securities with a carrying value of $21.4 billion for an aggregate net loss of ($886.0) million. For the same period in 2023, we disposed of Residential Securities with a carrying value of $36.4 billion for an aggregate net loss of ($2.9) billion.

Net unrealized gains (losses) on instruments measured at fair value through earnings was ($764.5) million for the year ended December 31, 2024 compared to $797.6 million for the same period in 2023, primarily due to unfavorable changes in unrealized gains (losses) on Agency MBS of ($1.8) billion, securitized residential whole loans of consolidated VIEs of ($231.0) million, residential whole loans of ($159.1) million, and CRT securities of ($71.9) million, partially offset by favorable changes in residential securitized debt of consolidated VIEs of $308.7 million, U.S. Treasury securities sold, not yet purchased of $293.5 million, participations issued of $71.8 million and MSR of $44.8 million.

Net Gains (Losses) on Derivatives

Net gains (losses) on interest rate swaps for the year ended December 31, 2024 was $2.1 billion compared to $694.7 million for the same period in 2023, attributable to favorable changes in unrealized gains (losses) on interest rate swaps and realized gains (losses) on termination or maturity of interest rate swaps, partially offset by the change in the net interest component of interest rate swaps. Unrealized gains (losses) on interest rate swaps was $1.0 billion for the year ended December 31, 2024 compared to ($815.6) million for the same period in 2023. Realized gains (losses) on termination or maturity of interest rate swaps was ($60.5) million resulting from the termination or maturity of interest rate swaps with a notional amount of $13.7 billion for the year ended December 31, 2024 compared to ($74.8) million resulting from the termination of interest rate swaps with a notional amount of $12.