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SEGMENTS
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENTS
19. 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 stockholders plus common stock dividends declared divided by the prior period’s stockholders’ equity attributable to common stockholders), 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 results of operations of the Company’s reportable operating segments for the years ended December 31, 2024, 2023 and 2022:
December 31, 2024
 AgencyResidential CreditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$3,340,101 $1,490,076 $— $9,857 $4,840,034 
Interest expense3,367,984 1,217,780 — 6,474 4,592,238 
Net interest income(27,883)272,296 — 3,383 247,796 
Servicing and related income— — 485,406 — 485,406 
Servicing and related expense— — 49,469 — 49,469 
Net servicing income— — 435,937 — 435,937 
 Other income (loss) 381,691 147,449 (19,330)4,841 514,651 
 Less: Total general and administrative expenses 63,854 53,408 34,670 19,424 171,356 
 Income (loss) before income taxes 289,954 366,337 381,937 (11,200)1,027,028 
 Income taxes 2,026 (15,705)29,108 (169)15,260 
 Net income (loss) 287,928 382,042 352,829 (11,031)1,011,768 
 Less: Net income (loss) attributable to noncontrolling interest — 9,862 — — 9,862 
 Net income (loss) attributable to Annaly 287,928 372,180 352,829 (11,031)1,001,906 
 Dividends on preferred stock — — — 154,551 154,551 
 Net income (loss) available (related) to common stockholders 287,928 372,180 352,829 (165,582)847,355 
 Unrealized gains (losses) on available-for-sale securities (244,278)— — — (244,278)
 Reclassification adjustment for net (gains) losses included in net income (loss) 561,996 — — — 561,996 
 Other comprehensive income (loss) 317,718 — — — 317,718 
 Comprehensive income (loss) 605,646 382,042 352,829 (11,031)1,329,486 
 Comprehensive income (loss) attributable to noncontrolling interests — 9,862 — — 9,862 
 Comprehensive income (loss) attributable to Annaly $605,646 $372,180 $352,829 $(11,031)$1,319,624 
 Noncash investing and financing activities:
 Receivable for unsettled trades 2,142,357 — 59,090 — 2,201,447 
 Payable for unsettled trades 280,515 — 27,767 — 308,282 
 Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment 317,718 — — — 317,718 
 Dividends declared, not yet paid — — — 375,932 375,932 
Total assets
 Total assets $71,834,543 $28,137,561 $3,406,686 $177,594 $103,556,384 
December 31, 2023
 AgencyResidential CreditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$2,772,963 $930,232 $— $28,386 $3,731,581 
Interest expense3,096,245 728,273 — 18,447 3,842,965 
Net interest income(323,282)201,959 — 9,939 (111,384)
Servicing and related income— — 364,157 — 364,157 
Servicing and related expense— — 37,652 — 37,652 
Net servicing income— — 326,505 — 326,505 
Other income (loss)(1,824,323)171,678 13,975 (12,921)(1,651,591)
Less: Total general and administrative expenses58,852 49,021 29,872 24,808 162,553 
Income (loss) before income taxes(2,206,457)324,616 310,608 (27,790)(1,599,023)
Income taxes1,629 17,121 21,070 (386)39,434 
Net income (loss)(2,208,086)307,495 289,538 (27,404)(1,638,457)
Less: Net income (loss) attributable to noncontrolling interest— 4,714 — — 4,714 
Net income (loss) attributable to Annaly(2,208,086)302,781 289,538 (27,404)(1,643,171)
Dividends on preferred stock— — — 141,676 141,676 
Net income (loss) available (related) to common stockholders(2,208,086)302,781 289,538 (169,080)(1,784,847)
Unrealized gains (losses) on available-for-sale securities580,680 — — — 580,680 
Reclassification adjustment for net (gains) losses included in net income (loss)1,792,816 — — — 1,792,816 
Other comprehensive income (loss)2,373,496 — — — 2,373,496 
Comprehensive income (loss)165,410 307,495 289,538 (27,404)735,039 
Comprehensive income (loss) attributable to noncontrolling interests— 4,714 — — 4,714 
Comprehensive income (loss) attributable to Annaly$165,410 $302,781 $289,538 $(27,404)$730,325 
 Noncash investing and financing activities:
Receivable for unsettled trades2,709,398 — 826 — 2,710,224 
Payable for unsettled trades3,232,941 10 16,438 — 3,249,389 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment2,373,496 — — — 2,373,496 
Dividends declared, not yet paid— — — 325,052 325,052 
Total assets
Total assets$71,167,416 $19,149,003 $2,578,644 $332,173 $93,227,236 
December 31, 2022
AgencyResidential CreditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$2,146,583 $550,449 $— $81,855 $2,778,887 
Interest expense936,063 344,669 6,202 22,801 1,309,735 
Net interest income1,210,520 205,780 (6,202)59,054 1,469,152 
Servicing and related income— — 246,926 — 246,926 
Servicing and related expense— — 25,145 — 25,145 
Net servicing income— — 221,781 — 221,781 
Other income (loss)480,383 (147,908)(47,510)(41,178)243,787 
Less: Total general and administrative expenses50,817 47,005 29,784 35,123 162,729 
Income (loss) before income taxes1,640,086 10,867 138,285 (17,247)1,771,991 
Income taxes(792)(10,485)57,055 (207)45,571 
Net income (loss)1,640,878 21,352 81,230 (17,040)1,726,420 
Less: Net income (loss) attributable to noncontrolling interest— 1,088 — 7 1,095 
Net income (loss) attributable to Annaly1,640,878 20,264 81,230 (17,047)1,725,325 
Dividends on preferred stock— — — 110,623 110,623 
Net income (loss) available (related) to common stockholders1,640,878 20,264 81,230 (127,670)1,614,702 
Unrealized gains (losses) on available-for-sale securities(8,204,542)— — — (8,204,542)
Reclassification adjustment for net (gains) losses included in net income (loss)3,537,236 — — — 3,537,236 
Other comprehensive income (loss)(4,667,306)— — — (4,667,306)
Comprehensive income (loss)(3,026,428)21,352 81,230 (17,040)(2,940,886)
Comprehensive income (loss) attributable to noncontrolling interests— 1,088 — 7 1,095 
Comprehensive income (loss) attributable to Annaly$(3,026,428)$20,264 $81,230 $(17,047)$(2,941,981)
Noncash investing and financing activities:
Receivable for unsettled trades572,089 — 3,002 — 575,091 
Payable for unsettled trades1,108,386 38 49,422 — 1,157,846 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment(4,667,306)— — — (4,667,306)
Dividends declared, not yet paid— — — 412,113 412,113 
Total assets
Total assets$65,080,130 $14,152,927 $1,931,176 $686,479 $81,850,712