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SEGMENTS
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENTS
17.  SEGMENTS
The Company operates in three reportable segments further described in the Description of Business Note. The accounting policies applied to the segments are the same as those described in the summary of significant accounting policies, with the exception of allocations between segments related to net interest income and other comprehensive income (loss), which are reflected in Other income (loss), and allocations between segments related to investment balances, which are presented net of associated financings in Total Assets. These allocations are made to reflect the economic hedging relationship between investments within different operating segments. Activities that are not directly attributable or not allocated to any of the three current operating segments (such as investments in commercial mortgage-backed securities, preferred stock dividends and corporate existence costs) are reported under Corporate and Other as reconciling items to the Company’s consolidated financial statements. The tables below summarize the result of operations and total assets by segment that are provided to the Chief Operating Decision Maker (CODM), which is the Company’s Operating Committee. Comprehensive income is the measure of segment profit or loss that is determined in accordance with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements and is a key determinant of the Company’s economic return (computed as the change in stockholders’ equity attributable to common shareholders plus common stock dividends declared divided by the prior period’s stockholders’ equity attributable to common shareholders), a measure which is used by the CODM to evaluate segment results and is one of the factors considered in determining capital allocation among the segments.
The following tables present the reportable operating segments related to the Company’s results of operations for the three and six months ended June 30, 2024 and 2023:
Three Months Ended June 30, 2024
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$821,339 $353,545 $— $2,441 $1,177,325 
Interest expense830,324 291,816 — 1,627 1,123,767 
Net interest income(8,985)61,729 — 814 53,558 
Servicing and related income— — 120,515 — 120,515 
Servicing and related expense— — 12,617 — 12,617 
Net servicing income— — 107,898 — 107,898 
Other income (loss)(184,910)48,457 22,324 662 (113,467)
Less: Total general and administrative expenses15,862 13,148 8,507 7,374 44,891 
Income (loss) before income taxes(209,757)97,038 121,715 (5,898)3,098 
Income taxes118 (24)11,920 (83)11,931 
Net income (loss)(209,875)97,062 109,795 (5,815)(8,833)
Less: Net income (loss) attributable to noncontrolling interest— 650 — — 650 
Net income (loss) attributable to Annaly(209,875)96,412 109,795 (5,815)(9,483)
Dividends on preferred stock— — — 37,158 37,158 
Net income (loss) available (related) to common stockholders(209,875)96,412 109,795 (42,973)(46,641)
Unrealized gains (losses) on available-for-sale securities(54,243)— — — (54,243)
Reclassification adjustment for net (gains) losses included in net income (loss)179,234 — — — 179,234 
Other comprehensive income (loss)124,991 — — — 124,991 
Comprehensive income (loss)(84,884)97,062 109,795 (5,815)116,158 
Comprehensive income (loss) attributable to noncontrolling interests— 650 — — 650 
Comprehensive income (loss) attributable to Annaly$(84,884)$96,412 $109,795 $(5,815)$115,508 
Noncash investing and financing activities:
Receivable for unsettled trades311,349 — 9,310 — 320,659 
Payable for unsettled trades1,041,278 — 54,993 — 1,096,271 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment124,991 — — — 124,991 
Dividends declared, not yet paid— — — 325,662 325,662 
Total assets
Total assets$66,660,065 $23,462,284 $3,326,780 $219,448 $93,668,577 
Three Months Ended June 30, 2023
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$694,505 $218,679 $— $8,310 $921,494 
Interest expense778,480 169,239 — 5,738 953,457 
Net interest income(83,975)49,440 — 2,572 (31,963)
Servicing and related income— — 83,790 — 83,790 
Servicing and related expense— — 8,930 — 8,930 
Net servicing income— — 74,860 — 74,860 
Other income (loss)58,225 66,637 54,950 (4,330)175,482 
Less: Total general and administrative expenses15,685 11,884 7,183 8,163 42,915 
Income (loss) before income taxes(41,435)104,193 122,627 (9,921)175,464 
Income taxes705 673 13,089 (190)14,277 
Net income (loss)(42,140)103,520 109,538 (9,731)161,187 
Less: Net income (loss) attributable to noncontrolling interest— (5,846)— — (5,846)
Net income (loss) attributable to Annaly(42,140)109,366 109,538 (9,731)167,033 
Dividends on preferred stock— — — 35,766 35,766 
Net income (loss) available (related) to common stockholders(42,140)109,366 109,538 (45,497)131,267 
Unrealized gains (losses) on available-for-sale securities(294,045)— — — (294,045)
Reclassification adjustment for net (gains) losses included in net income (loss)462,128 — — — 462,128 
Other comprehensive income (loss)168,083 — — — 168,083 
Comprehensive income (loss)125,943 103,520 109,538 (9,731)329,270 
Comprehensive income (loss) attributable to noncontrolling interests— (5,846)— — (5,846)
Comprehensive income (loss) attributable to Annaly$125,943 $109,366 $109,538 $(9,731)$335,116 
Noncash investing and financing activities:
Receivable for unsettled trades780,458 4,857 1,994 133 787,442 
Payable for unsettled trades4,295,056 10 36,249 — 4,331,315 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment168,083 — — — 168,083 
Dividends declared, not yet paid— — — 321,031 321,031 
Total assets
Total assets$70,775,689 $15,822,726 $2,252,578 $479,484 $89,330,477 
Six Months Ended June 30, 2024
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$1,603,265 $662,553 $— $5,995 $2,271,813 
Interest expense1,677,095 543,678 — 3,933 2,224,706 
Net interest income(73,830)118,875 — 2,062 47,107 
Servicing and related income— — 235,599 — 235,599 
Servicing and related expense— — 24,833 — 24,833 
Net servicing income— — 210,766 — 210,766 
Other income (loss)116,042 153,823 21,454 1,598 292,917 
Less: Total general and administrative expenses31,450 25,822 17,101 9,088 83,461 
Income (loss) before income taxes10,762 246,876 215,119 (5,428)467,329 
Income taxes725 (1,703)12,069 (103)10,988 
Net income (loss)10,037 248,579 203,050 (5,325)456,341 
Less: Net income (loss) attributable to noncontrolling interest— 2,932 — — 2,932 
Net income (loss) attributable to Annaly10,037 245,647 203,050 (5,325)453,409 
Dividends on preferred stock— — — 74,219 74,219 
Net income (loss) available (related) to common stockholders10,037 245,647 203,050 (79,544)379,190 
Unrealized gains (losses) on available-for-sale securities(336,112)— — — (336,112)
Reclassification adjustment for net (gains) losses included in net income (loss)514,585 — — — 514,585 
Other comprehensive income (loss)178,473 — — — 178,473 
Comprehensive income (loss)188,510 248,579 203,050 (5,325)634,814 
Comprehensive income (loss) attributable to noncontrolling interests— 2,932 — — 2,932 
Comprehensive income (loss) attributable to Annaly$188,510 $245,647 $203,050 $(5,325)$631,882 
Noncash investing and financing activities:
Receivable for unsettled trades311,349 — 9,310 — 320,659 
Payable for unsettled trades1,041,278 — 54,993 — 1,096,271 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment178,473 — — — 178,473 
Dividends declared, not yet paid— — — 325,662 325,662 
Total assets
Total assets$66,660,065 $23,462,284 $3,326,780 $219,448 $93,668,577 
Six Months Ended June 30, 2023
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$1,301,892 $419,655 $— $18,197 $1,739,744 
Interest expense1,430,164 310,740 — 11,340 1,752,244 
Net interest income(128,272)108,915 — 6,857 (12,500)
Servicing and related income— — 168,063 — 168,063 
Servicing and related expense— — 16,810 — 16,810 
Net servicing income— — 151,253 — 151,253 
Other income (loss)(886,798)104,413 83,184 (8,640)(707,841)
Less: Total general and administrative expenses29,825 24,562 14,553 14,803 83,743 
Income (loss) before income taxes(1,044,895)188,766 219,884 (16,586)(652,831)
Income taxes486 8,049 16,848 (73)25,310 
Net income (loss)(1,045,381)180,717 203,036 (16,513)(678,141)
Less: Net income (loss) attributable to noncontrolling interest— (918)— — (918)
Net income (loss) attributable to Annaly(1,045,381)181,635 203,036 (16,513)(677,223)
Dividends on preferred stock— — — 67,641 67,641 
Net income (loss) available (related) to common stockholders(1,045,381)181,635 203,036 (84,154)(744,864)
Unrealized gains (losses) on available-for-sale securities381,329 — — — 381,329 
Reclassification adjustment for net (gains) losses included in net income (loss)945,036 — — — 945,036 
Other comprehensive income (loss)1,326,365 — — — 1,326,365 
Comprehensive income (loss)280,984 180,717 203,036 (16,513)648,224 
Comprehensive income (loss) attributable to noncontrolling interests— (918)— — (918)
Comprehensive income (loss) attributable to Annaly$280,984 $181,635 $203,036 $(16,513)$649,142 
Noncash investing and financing activities:
Receivable for unsettled trades780,458 4,857 1,994 133 787,442 
Payable for unsettled trades4,295,056 10 36,249 — 4,331,315 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment1,326,365 — — — 1,326,365 
Dividends declared, not yet paid— — — 321,031 321,031 
Total assets
Total assets$70,775,689 $15,822,726 $2,252,578 $479,484 $89,330,477