Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 92

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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2024, respectively.(3) Principal/Notional amount includes $10.6 billion and $10.2 billion of Prime Jumbo interest-only securities as of March 31, 2025 and December 31, 2024, respectively.

10

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

The following table presents the Company’s Agency mortgage-backed securities portfolio by issuing Agency at March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Investment Type(dollars in thousands)Fannie Mae$63,937,187 $63,211,517 Freddie Mac4,243,501 4,115,085 Ginnie Mae149,032 107,466 Total$68,329,720 $67,434,068 Actual maturities of the Company’s Residential Securities are generally shorter than stated contractual maturities because actual maturities of the portfolio are affected by periodic payments and prepayments of principal on the underlying mortgages.The following table summarizes the Company’s Residential Securities at March 31, 2025 and December 31, 2024, according to their estimated weighted average life classifications: March 31, 2025December 31, 2024Estimated Fair ValueAmortizedCostEstimated Fair ValueAmortizedCostEstimated weighted average life(dollars in thousands)Less than one year$369,403 $369,373 $407,856 $408,090 Greater than one year through five years1,747,308 1,748,581 1,308,898 1,325,093 Greater than five years through ten years66,096,901 67,235,550 66,027,670 68,242,391 Greater than ten years2,088,691 2,087,440 1,937,745 2,009,558 Total$70,302,303 $71,440,944 $69,682,169 $71,985,132 The estimated weighted average lives of the Residential Securities at March 31, 2025 and December 31, 2024 in the table above are based upon projected principal prepayment rates. The actual weighted average lives of the Residential Securities could be longer or shorter than projected.The following table presents the gross unreal