Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 128

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 128
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recognized tax benefits—end of period$437 $421 If recognized, the entire amount of the tax benefits disclosed above would reduce the Company’s annual effective tax rate. FOA does not believe that it will have a material increase or decrease in its unrecognized tax benefits during the coming year.

158

Finance of America Companies Inc.Notes to Consolidated Financial Statements

24.    Business Segment ReportingThe following tables are a presentation of financial information by segment (in thousands):

For the year ended December 31, 2024Retirement Solutions Portfolio ManagementTotal Reportable SegmentsCorporate and OtherEliminationsTotalPortfolio interest incomeInterest income$— $1,905,214 $1,905,214 $— $— $1,905,214 Interest expense— (1,637,286)(1,637,286)— — (1,637,286)Net portfolio interest income— 267,928 267,928 — — 267,928 Other income (expense)Net origination gains179,837 — 179,837 — — 179,837 Gain on securitization of HECM tails, net— 45,535 45,535 — — 45,535 Fair value changes from model amortization— (201,101)(201,101)— — (201,101)Fair value changes from market inputs or model assumptions— 55,924 55,924 — — 55,924 Net fair value changes on loans and related obligations179,837 (99,642)80,195 — — 80,195 Fee income26,553 3,183 29,736 — (492)29,244 Gain (loss) on sale and other income from loans held for sale, net(76)378 302 — — 302 Non-funding interest expense, net— — — (39,498)— (39,498)Net other income (expense)206,314 (96,081)110,233 (39,498)(492)70,243 Total revenues206,314 171,847 378,161 (39,498)(492)338,171 ExpensesSalaries, benefits, and related expenses83,448 15,513 98,961 39,399 — 138,360 Loan production