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SEGMENTS
 3 Months Ended
Mar. 31, 2025
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 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 reportable operating segments related to the Company’s results of operations for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31, 2025
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$849,200 $466,853 $— $1,055 $1,317,108 
Interest expense718,253 378,174 — 710 1,097,137 
Net interest income130,947 88,679 — 345 219,971 
Servicing and related income— — 140,435 — 140,435 
Servicing and related expense— — 14,113 — 14,113 
Net servicing income— — 126,322 — 126,322 
Other income (loss)(166,925)12,090 (2,961)(1,861)(159,657)
Less: Total general and administrative expenses17,316 15,506 9,393 5,849 48,064 
Income (loss) before income taxes(53,294)85,263 113,968 (7,365)138,572 
Income taxes290 (524)8,510 (9)8,267 
Net income (loss)(53,584)85,787 105,458 (7,356)130,305 
Less: Net income (loss) attributable to noncontrolling interest— 6,081 — — 6,081 
Net income (loss) attributable to Annaly(53,584)79,706 105,458 (7,356)124,224 
Dividends on preferred stock— — — 37,157 37,157 
Net income (loss) available (related) to common stockholders(53,584)79,706 105,458 (44,513)87,067 
Unrealized gains (losses) on available-for-sale securities164,877 — — — 164,877 
Reclassification adjustment for net (gains) losses included in net income (loss)65,403 — — — 65,403 
Other comprehensive income (loss)230,280 — — — 230,280 
Comprehensive income (loss)176,696 85,787 105,458 (7,356)360,585 
Comprehensive income (loss) attributable to noncontrolling interests— 6,081 — — 6,081 
Comprehensive income (loss) attributable to Annaly$176,696 $79,706 $105,458 $(7,356)$354,504 
Noncash investing and financing activities:
Receivable for unsettled trades2,306 — 217 — 2,523 
Payable for unsettled trades2,220,276 — 84,498 — 2,304,774 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment230,280 — — — 230,280 
Dividends declared, not yet paid— — — 421,637 421,637 
Total assets
Total assets$70,429,198 $30,678,639 $3,849,181 $158,328 $105,115,346 
Three Months Ended March 31, 2024
 AgencyResi-creditMSRCorporate & OtherConsolidated
(dollars in thousands)
Interest income$781,926 $309,008 $— $3,554 $1,094,488 
Interest expense846,771 251,862 — 2,306 1,100,939 
Net interest income(64,845)57,146 — 1,248 (6,451)
Servicing and related income— — 115,084 — 115,084 
Servicing and related expense— — 12,216 — 12,216 
Net servicing income— — 102,868 — 102,868 
Other income (loss)300,952 105,366 (870)936 406,384 
Less: Total general and administrative expenses15,588 12,674 8,594 1,714 38,570 
Income (loss) before income taxes220,519 149,838 93,404 470 464,231 
Income taxes607 (1,679)149 (20)(943)
Net income (loss)219,912 151,517 93,255 490 465,174 
Less: Net income (loss) attributable to noncontrolling interest— 2,282 — — 2,282 
Net income (loss) attributable to Annaly219,912 149,235 93,255 490 462,892 
Dividends on preferred stock— — — 37,061 37,061 
Net income (loss) available (related) to common stockholders219,912 149,235 93,255 (36,571)425,831 
Unrealized gains (losses) on available-for-sale securities(281,869)— — — (281,869)
Reclassification adjustment for net (gains) losses included in net income (loss)335,351 — — — 335,351 
Other comprehensive income (loss)53,482 — — — 53,482 
Comprehensive income (loss)273,394 151,517 93,255 490 518,656 
Comprehensive income (loss) attributable to noncontrolling interests— 2,282 — — 2,282 
Comprehensive income (loss) attributable to Annaly$273,394 $149,235 $93,255 $490 $516,374 
Noncash investing and financing activities:
Receivable for unsettled trades907,634 5,000 28,732 — 941,366 
Payable for unsettled trades2,430,956 — 125,842 — 2,556,798 
Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification adjustment53,482 — — — 53,482 
Dividends declared, not yet paid— — — 325,286 325,286 
Total assets
Total assets$66,485,685 $21,525,612 $3,209,074 $263,175 $91,483,546