Company: PGYWW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001883085-25-000082
Chunk: 15

Company: Pagaya Technologies Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 — — (1,211)2,292 Total$1,249,671 $7,126 $(29,784)$(466,520)$760,493 (1) Includes accrued interest receivable of $16.1 million.

12

As of December 31, 2024Investments in loans and securities, available for sale(2):Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair ValueSecuritization notes$240,396 $386 $(509)$— $240,273 Securitization certificates1,048,734 7,926 (14,676)(508,741)533,243 Other loans and receivables 6,446 — — (1,553)4,893 Total$1,295,576 $8,312 $(15,185)$(510,294)$778,409 (2) Includes accrued interest receivable of $14.3 million, previously reported within “Fee and other receivables” as of December 31, 2024, has been reclassified to conform to the current period’s presentation.The following tables set forth the fair value and gross unrealized losses on investments in loans and securities without an allowance for credit losses aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position, as of the dates indicated (in thousands):As of March 31, 2025Less than or equal to 1 yearGreater than 1 yearTotalInvestments in loans and securities, available for sale:Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesSecuritization notes$— $— $17,163 $(303)$17,163 $(303)Securitization certificates27,069 (359)— — 27,069 (359)Other loans and receivables— — — — — — Total$27,069 $(359)$17,163 $(303)$44,232 $(662)As of  December 31, 2024Less than or equal to 1 yearGreater than 1 yearTotalInvestments in loans and securities, available for sale:Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesSec