false2025Q2000142368912/3167,37559,952558590302063,5541,5651,6881,6880.010.011500.01,500.01,041.7897.41,041.7897.4no0.0015.1114.332xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pureagnc:daysagnc:month00014236892025-01-012025-06-300001423689us-gaap:CommonStockMember2025-01-012025-06-300001423689agnc:Depositoryshareseachrepresentinga11000thinterestinashareof7.000SeriesCFixedtoFloatingRateCumulativeRedeemablePreferredStockMember2025-01-012025-06-300001423689agnc:Depositoryshareseachrepresentinga11000thinterestinashareof6.875SeriesDFixedtoFloatingRateCumulativeRedeemablePreferredStockMember2025-01-012025-06-300001423689agnc:Depositoryshareseachrepresentinga11000thinterestinashareof6.500SeriesEFixedtoFloatingRateCumulativeRedeemablePreferredStockMember2025-01-012025-06-300001423689agnc:Depositaryshareseachrepresentinga11000thinterestinashareof6.125SeriesFFixedtoFloatingRateCumulativeRedeemablePreferredStockMember2025-01-012025-06-300001423689agnc:DepositarySharesEachRepresentingA11000thInterestInAShareOf775SeriesGFixedRateResetCumulativeRedeemablePreferredStockMember2025-01-012025-06-3000014236892025-07-310001423689us-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:AgencySecuritiesMember2024-12-3100014236892025-06-3000014236892024-12-310001423689us-gaap:AssetPledgedAsCollateralMemberagnc:CreditRiskTransferSecuritiesMember2025-06-300001423689us-gaap:AssetPledgedAsCollateralMemberagnc:CreditRiskTransferSecuritiesMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-12-310001423689us-gaap:AssetPledgedAsCollateralMemberus-gaap:USTreasurySecuritiesMember2025-06-300001423689us-gaap:AssetPledgedAsCollateralMemberus-gaap:USTreasurySecuritiesMember2024-12-3100014236892025-04-012025-06-3000014236892024-04-012024-06-3000014236892024-01-012024-06-300001423689us-gaap:PreferredStockMember2024-03-310001423689us-gaap:CommonStockMember2024-03-310001423689us-gaap:AdditionalPaidInCapitalMember2024-03-310001423689us-gaap:RetainedEarningsMember2024-03-310001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-3100014236892024-03-310001423689us-gaap:RetainedEarningsMember2024-04-012024-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001423689us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001423689us-gaap:CommonStockMember2024-04-012024-06-300001423689us-gaap:PreferredStockMember2024-06-300001423689us-gaap:CommonStockMember2024-06-300001423689us-gaap:AdditionalPaidInCapitalMember2024-06-300001423689us-gaap:RetainedEarningsMember2024-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-3000014236892024-06-300001423689us-gaap:PreferredStockMember2025-03-310001423689us-gaap:CommonStockMember2025-03-310001423689us-gaap:AdditionalPaidInCapitalMember2025-03-310001423689us-gaap:RetainedEarningsMember2025-03-310001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-3100014236892025-03-310001423689us-gaap:RetainedEarningsMember2025-04-012025-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001423689us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001423689us-gaap:CommonStockMember2025-04-012025-06-300001423689us-gaap:PreferredStockMember2025-06-300001423689us-gaap:CommonStockMember2025-06-300001423689us-gaap:AdditionalPaidInCapitalMember2025-06-300001423689us-gaap:RetainedEarningsMember2025-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001423689us-gaap:PreferredStockMember2023-12-310001423689us-gaap:CommonStockMember2023-12-310001423689us-gaap:AdditionalPaidInCapitalMember2023-12-310001423689us-gaap:RetainedEarningsMember2023-12-310001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-3100014236892023-12-310001423689us-gaap:RetainedEarningsMember2024-01-012024-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001423689us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001423689us-gaap:CommonStockMember2024-01-012024-06-300001423689us-gaap:PreferredStockMember2024-12-310001423689us-gaap:CommonStockMember2024-12-310001423689us-gaap:AdditionalPaidInCapitalMember2024-12-310001423689us-gaap:RetainedEarningsMember2024-12-310001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001423689us-gaap:RetainedEarningsMember2025-01-012025-06-300001423689us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300001423689us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300001423689us-gaap:CommonStockMember2025-01-012025-06-300001423689agnc:TbaSecuritiesFifteenYearAndThirtyYearSecuritiesMember2025-06-300001423689agnc:TbaSecuritiesFifteenYearAndThirtyYearSecuritiesMember2024-12-310001423689us-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:FixedIncomeSecuritiesMemberus-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:FixedIncomeSecuritiesMemberus-gaap:AgencySecuritiesMember2024-12-310001423689agnc:AdjustableRateMemberus-gaap:AgencySecuritiesMember2025-06-300001423689agnc:AdjustableRateMemberus-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:CollateralizedMortgageObligationsMemberus-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:CollateralizedMortgageObligationsMemberus-gaap:AgencySecuritiesMember2024-12-310001423689agnc:InterestOnlyAndPrincipalOnlyStripMemberus-gaap:AgencySecuritiesMember2025-06-300001423689agnc:InterestOnlyAndPrincipalOnlyStripMemberus-gaap:AgencySecuritiesMember2024-12-310001423689srt:MultifamilyMemberus-gaap:AgencySecuritiesMember2025-06-300001423689srt:MultifamilyMemberus-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMember2024-12-310001423689us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:AvailableforsaleSecuritiesMember2025-06-300001423689us-gaap:AvailableforsaleSecuritiesMemberus-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:AvailableforsaleSecuritiesMember2024-12-310001423689agnc:TradingSecuritiesMemberus-gaap:AgencySecuritiesMember2025-06-300001423689agnc:TradingSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-06-300001423689agnc:TradingSecuritiesMemberus-gaap:CommercialMortgageBackedSecuritiesMember2025-06-300001423689agnc:TradingSecuritiesMemberagnc:CreditRiskTransferSecuritiesMember2025-06-300001423689agnc:TradingSecuritiesMember2025-06-300001423689agnc:TradingSecuritiesMemberus-gaap:AgencySecuritiesMember2024-12-310001423689agnc:TradingSecuritiesMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-12-310001423689agnc:TradingSecuritiesMemberus-gaap:CommercialMortgageBackedSecuritiesMember2024-12-310001423689agnc:TradingSecuritiesMemberagnc:CreditRiskTransferSecuritiesMember2024-12-310001423689agnc:TradingSecuritiesMember2024-12-310001423689us-gaap:AgencySecuritiesMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMember2025-06-300001423689us-gaap:AgencySecuritiesMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMember2024-12-310001423689agnc:TradingSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:InterestOnlyStripMember2025-06-300001423689agnc:TradingSecuritiesMemberus-gaap:AgencySecuritiesMemberus-gaap:InterestOnlyStripMember2024-12-310001423689agnc:TradingSecuritiesMemberagnc:NonAgencyMemberus-gaap:InterestOnlyStripMember2025-06-300001423689agnc:TradingSecuritiesMemberagnc:NonAgencyMemberus-gaap:InterestOnlyStripMember2024-12-310001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2025-06-300001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2024-12-310001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2025-06-300001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2024-12-310001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember2025-06-300001423689agnc:AgencyMortgageBackedSecuritiesMemberus-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember2024-12-310001423689agnc:AgencyMortgageBackedSecuritiesMember2025-06-300001423689agnc:AgencyMortgageBackedSecuritiesMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:AAARatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:AAARatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:AAARatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:AAARatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:AAARatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:AAARatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:AARatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:AARatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:AARatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:AARatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:AARatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:AARatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:ARatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:ARatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:ARatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:ARatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:ARatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:ARatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BBBRatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BBBRatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BBBRatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BBBRatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BBBRatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BBBRatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BBRatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BBRatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BBRatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BBRatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BBRatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BBRatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BRatingMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BRatingMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BRatingMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:BRatingMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:BRatingMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:BRatingMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberagnc:NotRatedMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:NotRatedMember2025-06-300001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:NotRatedMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberagnc:NotRatedMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberagnc:NotRatedMember2024-12-310001423689us-gaap:CommercialMortgageBackedSecuritiesMemberagnc:NotRatedMember2024-12-310001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:CreditRiskTransferSecuritiesMember2025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:CreditRiskTransferSecuritiesMember2024-12-310001423689agnc:LessThanorEqualtoThreeYearsMember2025-06-300001423689agnc:LessThanorEqualtoThreeYearsMember2024-12-310001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMember2025-06-300001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMember2024-12-310001423689agnc:GreaterThanFiveYearsMember2025-06-300001423689agnc:GreaterThanFiveYearsMember2024-12-310001423689agnc:GreaterThanTenYearsMember2025-06-300001423689agnc:GreaterThanTenYearsMember2024-12-310001423689us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-06-300001423689us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310001423689us-gaap:AvailableforsaleSecuritiesMember2025-04-012025-06-300001423689us-gaap:AvailableforsaleSecuritiesMember2024-04-012024-06-300001423689us-gaap:AvailableforsaleSecuritiesMemberagnc:CostandProceedsofInvestmentSecuritiesMember2025-04-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:CostandProceedsofInvestmentSecuritiesMember2025-04-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMember2024-04-012024-06-300001423689agnc:SecuritiesRemeasuredatFairValueMember2025-04-012025-06-300001423689us-gaap:SecuritiesAssetsMember2025-04-012025-06-300001423689us-gaap:SecuritiesAssetsMember2024-04-012024-06-300001423689us-gaap:AvailableforsaleSecuritiesMemberagnc:GrossGainLossofInvestmentSecuritiesMember2025-04-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:GrossGainLossofInvestmentSecuritiesMember2025-04-012025-06-300001423689us-gaap:AvailableforsaleSecuritiesMember2025-01-012025-06-300001423689us-gaap:AvailableforsaleSecuritiesMember2024-01-012024-06-300001423689us-gaap:AvailableforsaleSecuritiesMemberagnc:CostandProceedsofInvestmentSecuritiesMember2025-01-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:CostandProceedsofInvestmentSecuritiesMember2025-01-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMember2024-01-012024-06-300001423689agnc:SecuritiesRemeasuredatFairValueMember2025-01-012025-06-300001423689us-gaap:SecuritiesAssetsMember2025-01-012025-06-300001423689us-gaap:SecuritiesAssetsMember2024-01-012024-06-300001423689us-gaap:AvailableforsaleSecuritiesMemberagnc:GrossGainLossofInvestmentSecuritiesMember2025-01-012025-06-300001423689agnc:SecuritiesRemeasuredatFairValueMemberagnc:GrossGainLossofInvestmentSecuritiesMember2025-01-012025-06-300001423689us-gaap:MaturityUpTo30DaysMember2025-06-300001423689us-gaap:MaturityUpTo30DaysMember2024-12-310001423689agnc:ThirtyOneToNinetyMember2025-06-300001423689agnc:ThirtyOneToNinetyMember2024-12-310001423689agnc:A7to9monthsMember2025-06-300001423689agnc:A7to9monthsMember2024-12-310001423689us-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-06-300001423689us-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberagnc:A2Daysto1MonthMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberagnc:A2Daysto1MonthMember2024-12-310001423689us-gaap:MaturityOvernightMember2025-06-300001423689us-gaap:MaturityOvernightMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:MaturityOvernightMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:MaturityOvernightMember2024-12-310001423689us-gaap:ForwardContractsMember2025-06-300001423689us-gaap:ForwardContractsMember2024-12-310001423689agnc:BethesdaSecuritiesMember2025-06-300001423689agnc:BethesdaSecuritiesMember2024-12-310001423689agnc:FICCMember2025-06-300001423689agnc:FICCMember2024-12-310001423689us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689us-gaap:InterestRateSwaptionMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689us-gaap:InterestRateSwaptionMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMemberagnc:SaleOfTBAAndForwardSettlingSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMemberagnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689us-gaap:FutureMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-06-300001423689us-gaap:FutureMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001423689agnc:SOFRFuturesContractsMember2025-06-300001423689agnc:SOFRFuturesContractsMember2024-12-310001423689us-gaap:InterestRateSwapMember2025-06-300001423689us-gaap:InterestRateSwapMember2024-12-310001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMember2025-06-300001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMember2024-12-310001423689us-gaap:NondesignatedMember2025-01-012025-06-300001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwapMember2025-06-300001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwapMember2025-01-012025-06-300001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwapMember2024-12-310001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwapMember2024-01-012024-12-310001423689agnc:GreaterThanOneYearAndLessThanOrEqualToThreeYearsMemberus-gaap:InterestRateSwapMember2025-06-300001423689agnc:GreaterThanOneYearAndLessThanOrEqualToThreeYearsMemberus-gaap:InterestRateSwapMember2025-01-012025-06-300001423689agnc:GreaterThanOneYearAndLessThanOrEqualToThreeYearsMemberus-gaap:InterestRateSwapMember2024-12-310001423689agnc:GreaterThanOneYearAndLessThanOrEqualToThreeYearsMemberus-gaap:InterestRateSwapMember2024-01-012024-12-310001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMemberus-gaap:InterestRateSwapMember2025-06-300001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMemberus-gaap:InterestRateSwapMember2025-01-012025-06-300001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMemberus-gaap:InterestRateSwapMember2024-12-310001423689agnc:GreaterThanThreeYearsAndLessThanOrEqualToFiveYearsMemberus-gaap:InterestRateSwapMember2024-01-012024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:InterestRateSwapMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:InterestRateSwapMember2025-01-012025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:InterestRateSwapMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:InterestRateSwapMember2024-01-012024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:InterestRateSwapMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:InterestRateSwapMember2025-01-012025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:InterestRateSwapMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:InterestRateSwapMember2024-01-012024-12-310001423689us-gaap:InterestRateSwapMember2025-01-012025-06-300001423689us-gaap:InterestRateSwapMember2024-01-012024-12-310001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwaptionMember2025-01-012025-06-300001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwaptionMember2025-06-300001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwaptionMember2024-01-012024-12-310001423689agnc:LessThanOrEqualToOneYearMemberus-gaap:InterestRateSwaptionMember2024-12-310001423689agnc:GreaterThanOneYearandLessThanorEqualtoTwoYearsMemberagnc:ReceiverSwaptionMember2025-01-012025-06-300001423689agnc:GreaterThanOneYearandLessThanorEqualtoTwoYearsMemberagnc:ReceiverSwaptionMember2025-06-300001423689agnc:LessThanOrEqualToOneYearMemberagnc:ReceiverSwaptionMember2024-01-012024-12-310001423689agnc:LessThanOrEqualToOneYearMemberagnc:ReceiverSwaptionMember2024-12-310001423689agnc:LessThanOrEqualToFiveYearsMember2025-06-300001423689agnc:LessThanOrEqualToFiveYearsMemberagnc:AtCostBasisMember2025-06-300001423689agnc:LessThanOrEqualToFiveYearsMemberus-gaap:FairValueHedgingMember2025-06-300001423689agnc:LessThanOrEqualToFiveYearsMember2024-12-310001423689agnc:LessThanOrEqualToFiveYearsMemberagnc:AtCostBasisMember2024-12-310001423689agnc:LessThanOrEqualToFiveYearsMemberus-gaap:FairValueHedgingMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberagnc:AtCostBasisMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:FairValueHedgingMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberagnc:AtCostBasisMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:FairValueHedgingMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberagnc:AtCostBasisMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:FairValueHedgingMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberagnc:AtCostBasisMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:FairValueHedgingMember2024-12-310001423689agnc:GreaterThanTenYearsMember2025-06-300001423689agnc:GreaterThanTenYearsMemberagnc:AtCostBasisMember2025-06-300001423689agnc:GreaterThanTenYearsMemberus-gaap:FairValueHedgingMember2025-06-300001423689agnc:GreaterThanTenYearsMember2024-12-310001423689agnc:GreaterThanTenYearsMemberagnc:AtCostBasisMember2024-12-310001423689agnc:GreaterThanTenYearsMemberus-gaap:FairValueHedgingMember2024-12-310001423689agnc:AtParValueMember2025-06-300001423689agnc:AtCostBasisMember2025-06-300001423689us-gaap:FairValueHedgingMember2025-06-300001423689agnc:AtParValueMember2024-12-310001423689agnc:AtCostBasisMember2024-12-310001423689us-gaap:FairValueHedgingMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-12-310001423689us-gaap:FairValueHedgingMemberus-gaap:LongMember2025-06-300001423689us-gaap:FairValueHedgingMemberus-gaap:LongMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:USTreasurySecuritiesMember2025-06-300001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-12-310001423689agnc:GreaterThanFiveYearsAndLessThanOrEqualToSevenYearsMemberus-gaap:USTreasurySecuritiesMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:USTreasurySecuritiesMember2025-06-300001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-12-310001423689agnc:GreaterThanSevenYearsAndLessThanOrEqualToTenYearsMemberus-gaap:USTreasurySecuritiesMember2024-12-310001423689agnc:GreaterThanTenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-06-300001423689agnc:GreaterThanTenYearsMemberus-gaap:USTreasurySecuritiesMember2025-06-300001423689agnc:GreaterThanTenYearsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-12-310001423689agnc:GreaterThanTenYearsMemberus-gaap:USTreasurySecuritiesMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-06-300001423689us-gaap:USTreasurySecuritiesMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-12-310001423689us-gaap:USTreasurySecuritiesMember2024-12-310001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.5CouponMember2025-06-300001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3040CouponsMember2025-06-300001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.5CouponMember2024-12-310001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3040CouponsMember2024-12-310001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMember2025-06-300001423689agnc:A15YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3.0CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3.0CouponMemberus-gaap:ShortMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3.0CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3.5CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A3.5CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.0CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.0CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.5CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A4.5CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.0CouponMemberus-gaap:ShortMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.0CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.0CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.5CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.5CouponMemberus-gaap:ShortMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A5.5CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A60CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A60CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A6.5CouponMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMemberagnc:A6.5CouponMember2024-12-310001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMember2025-06-300001423689agnc:A30YearMaturityMemberagnc:TBAAndForwardSettlingSecuritiesMember2024-12-310001423689agnc:TBAAndForwardSettlingSecuritiesMember2025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMember2024-12-310001423689agnc:TBAAndForwardSettlingSecuritiesMember2025-03-310001423689agnc:TBAAndForwardSettlingSecuritiesMember2025-04-012025-06-300001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMember2025-04-012025-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2025-03-310001423689us-gaap:InterestRateSwapMember2025-04-012025-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2025-06-300001423689us-gaap:InterestRateSwaptionMember2025-03-310001423689us-gaap:InterestRateSwaptionMember2025-04-012025-06-300001423689us-gaap:InterestRateSwaptionMember2025-06-300001423689agnc:ReceiverSwaptionMember2025-03-310001423689agnc:ReceiverSwaptionMember2025-04-012025-06-300001423689agnc:ReceiverSwaptionMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-04-012025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2025-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2025-04-012025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2025-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2025-04-012025-06-300001423689us-gaap:USTreasurySecuritiesMember2025-04-012025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMember2024-03-310001423689agnc:TBAAndForwardSettlingSecuritiesMember2024-04-012024-06-300001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMember2024-04-012024-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMember2024-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-03-310001423689us-gaap:InterestRateSwapMember2024-04-012024-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-06-300001423689agnc:InterestRateReceiveSwapMemberus-gaap:NondesignatedMember2024-03-310001423689agnc:InterestRateReceiveSwapMember2024-04-012024-06-300001423689agnc:InterestRateReceiveSwapMemberus-gaap:NondesignatedMember2024-06-300001423689us-gaap:CreditDefaultSwapBuyingProtectionMemberus-gaap:NondesignatedMember2024-03-310001423689us-gaap:CreditDefaultSwapBuyingProtectionMember2024-04-012024-06-300001423689us-gaap:CreditDefaultSwapBuyingProtectionMemberus-gaap:NondesignatedMember2024-06-300001423689agnc:ReceiverSwaptionMember2024-03-310001423689agnc:ReceiverSwaptionMember2024-04-012024-06-300001423689agnc:ReceiverSwaptionMember2024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-04-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-04-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2024-03-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2024-04-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2024-06-300001423689us-gaap:USTreasurySecuritiesMember2024-04-012024-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMember2025-01-012025-06-300001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMember2025-01-012025-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-12-310001423689us-gaap:InterestRateSwaptionMember2024-12-310001423689us-gaap:InterestRateSwaptionMember2025-01-012025-06-300001423689agnc:ReceiverSwaptionMember2024-12-310001423689agnc:ReceiverSwaptionMember2025-01-012025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2025-01-012025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2025-01-012025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2025-01-012025-06-300001423689us-gaap:USTreasurySecuritiesMember2025-01-012025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMember2023-12-310001423689agnc:TBAAndForwardSettlingSecuritiesMember2024-01-012024-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2023-12-310001423689us-gaap:InterestRateSwapMember2024-01-012024-06-300001423689agnc:InterestRateReceiveSwapMemberus-gaap:NondesignatedMember2023-12-310001423689agnc:InterestRateReceiveSwapMember2024-01-012024-06-300001423689us-gaap:CreditDefaultSwapBuyingProtectionMemberus-gaap:NondesignatedMember2023-12-310001423689us-gaap:CreditDefaultSwapBuyingProtectionMember2024-01-012024-06-300001423689us-gaap:InterestRateSwaptionMemberus-gaap:NondesignatedMember2023-12-310001423689us-gaap:InterestRateSwaptionMember2024-01-012024-06-300001423689us-gaap:InterestRateSwaptionMember2024-06-300001423689agnc:ReceiverSwaptionMember2023-12-310001423689agnc:ReceiverSwaptionMember2024-01-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2023-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:ShortMember2024-01-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2023-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:LongMember2024-01-012024-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2023-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:FutureMemberus-gaap:ShortMember2024-01-012024-06-300001423689us-gaap:USTreasurySecuritiesMember2024-01-012024-06-300001423689agnc:SOFRFuturesContractsMemberus-gaap:LongMember2025-04-012025-06-300001423689agnc:SOFRFuturesContractsMemberus-gaap:LongMember2025-01-012025-06-300001423689agnc:SOFRFuturesContractsMemberus-gaap:LongMember2024-04-012024-06-300001423689agnc:SOFRFuturesContractsMemberus-gaap:LongMember2024-01-012024-06-300001423689us-gaap:RepurchaseAgreementsMember2025-06-300001423689us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2025-06-300001423689agnc:DerivativeAgreementsAndOtherMember2025-06-300001423689agnc:IncludesSoldButNotYetSettledSecuritiesMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMemberus-gaap:RepurchaseAgreementsMember2025-06-300001423689agnc:CreditRiskTransferSecuritiesMember2025-06-300001423689agnc:NonAgencyMemberus-gaap:RepurchaseAgreementsMember2025-06-300001423689agnc:NonAgencyMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberus-gaap:RepurchaseAgreementsMember2025-06-300001423689us-gaap:USTreasurySecuritiesMemberagnc:DerivativeAgreementsAndOtherMember2025-06-300001423689us-gaap:USTreasurySecuritiesMember2025-06-300001423689us-gaap:RepurchaseAgreementsMember2025-06-300001423689agnc:DerivativeAgreementsAndOtherMember2025-06-300001423689us-gaap:RepurchaseAgreementsMember2025-06-300001423689agnc:DerivativeAgreementsAndOtherMember2025-06-300001423689agnc:ExcludingCashReceivedMember2025-06-300001423689us-gaap:RepurchaseAgreementsMember2024-12-310001423689us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-12-310001423689agnc:DerivativeAgreementsAndOtherMember2024-12-310001423689agnc:IncludesSoldButNotYetSettledSecuritiesMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMemberus-gaap:RepurchaseAgreementsMember2024-12-310001423689agnc:CreditRiskTransferSecuritiesMember2024-12-310001423689agnc:NonAgencyMemberus-gaap:RepurchaseAgreementsMember2024-12-310001423689agnc:NonAgencyMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberus-gaap:RepurchaseAgreementsMember2024-12-310001423689us-gaap:USTreasurySecuritiesMemberagnc:DerivativeAgreementsAndOtherMember2024-12-310001423689us-gaap:USTreasurySecuritiesMember2024-12-310001423689us-gaap:RepurchaseAgreementsMember2024-12-310001423689agnc:DerivativeAgreementsAndOtherMember2024-12-310001423689us-gaap:RepurchaseAgreementsMember2024-12-310001423689agnc:DerivativeAgreementsAndOtherMember2024-12-310001423689agnc:ExcludingCashReceivedMember2024-12-310001423689agnc:Maturity31To59DaysMember2025-06-300001423689agnc:Maturity31To59DaysMember2024-12-310001423689agnc:Maturity60To90DaysMember2025-06-300001423689agnc:Maturity60To90DaysMember2024-12-310001423689us-gaap:MaturityOver90DaysMember2025-06-300001423689us-gaap:MaturityOver90DaysMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:AgencySecuritiesMemberus-gaap:RepurchaseAgreementsMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:AgencySecuritiesMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:AgencySecuritiesMemberus-gaap:RepurchaseAgreementsMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:AgencySecuritiesMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMemberagnc:ReverseRepurchaseAgreementsMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:DerivativeMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMemberagnc:ReverseRepurchaseAgreementsMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMemberus-gaap:DerivativeMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:USTreasurySecuritiesMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberagnc:ReverseRepurchaseAgreementsMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:DerivativeMember2025-06-300001423689agnc:AssetsPledgedtoUsMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberagnc:ReverseRepurchaseAgreementsMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:DerivativeMember2024-12-310001423689agnc:AssetsPledgedtoUsMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberagnc:ReverseRepurchaseAgreementsMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:DerivativeMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2025-06-300001423689agnc:AssetsPledgedtoUsMemberagnc:ReverseRepurchaseAgreementsMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:DerivativeMember2024-12-310001423689agnc:AssetsPledgedtoUsMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2024-12-310001423689us-gaap:SwaptionMemberus-gaap:AssetsMember2025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:AssetsMember2025-06-300001423689us-gaap:AssetsMemberagnc:ReverseRepurchaseAgreementsMember2025-06-300001423689agnc:ReverseRepurchaseAgreementsMemberus-gaap:AssetsMember2025-06-300001423689us-gaap:AssetsMember2025-06-300001423689us-gaap:SwaptionMemberus-gaap:AssetsMember2024-12-310001423689agnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:AssetsMember2024-12-310001423689us-gaap:AssetsMemberagnc:ReverseRepurchaseAgreementsMember2024-12-310001423689agnc:ReverseRepurchaseAgreementsMemberus-gaap:AssetsMember2024-12-310001423689us-gaap:AssetsMember2024-12-310001423689us-gaap:SwaptionMemberus-gaap:LiabilityMember2025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:LiabilityMember2025-06-300001423689us-gaap:LiabilityMemberus-gaap:RepurchaseAgreementsMember2025-06-300001423689us-gaap:RepurchaseAgreementsMemberus-gaap:LiabilityMember2025-06-300001423689us-gaap:LiabilityMember2025-06-300001423689agnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:LiabilityMember2024-12-310001423689us-gaap:LiabilityMemberus-gaap:RepurchaseAgreementsMember2024-12-310001423689us-gaap:RepurchaseAgreementsMemberus-gaap:LiabilityMember2024-12-310001423689us-gaap:LiabilityMember2024-12-310001423689us-gaap:SwaptionMemberus-gaap:LiabilityMember2024-12-310001423689agnc:PurchasesOfTBAsAndForwardSettlingSecuritiesMemberagnc:TBAAndForwardSettlingSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689us-gaap:FutureMemberagnc:SOFRFuturesContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-06-300001423689us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-06-300001423689us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001423689us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689us-gaap:InterestRateSwapMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689us-gaap:InterestRateSwapMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689agnc:SaleOfTBAAndForwardSettlingSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-06-300001423689agnc:SaleOfTBAAndForwardSettlingSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001423689us-gaap:FutureMemberagnc:SOFRFuturesContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001423689us-gaap:SeriesCPreferredStockMember2025-06-300001423689us-gaap:SeriesDPreferredStockMember2025-06-300001423689us-gaap:SeriesEPreferredStockMember2025-06-300001423689us-gaap:SeriesFPreferredStockMember2025-06-300001423689us-gaap:SeriesGPreferredStockMember2025-06-300001423689us-gaap:SeriesCPreferredStockMember2017-08-222017-08-220001423689us-gaap:SeriesDPreferredStockMember2019-03-062019-03-060001423689us-gaap:SeriesEPreferredStockMember2019-10-032019-10-030001423689us-gaap:SeriesFPreferredStockMember2020-02-112020-02-110001423689us-gaap:SeriesGPreferredStockMember2025-01-012025-06-300001423689agnc:DepositaryShareMemberus-gaap:SeriesCPreferredStockMember2025-06-300001423689agnc:DepositaryShareMemberus-gaap:SeriesDPreferredStockMember2025-06-300001423689agnc:DepositaryShareMemberus-gaap:SeriesEPreferredStockMember2019-10-0300014236892019-10-030001423689agnc:DepositaryShareMemberus-gaap:SeriesFPreferredStockMember2020-02-1100014236892020-02-110001423689us-gaap:SeriesFPreferredStockMember2020-02-110001423689agnc:DepositaryShareMemberus-gaap:SeriesGPreferredStockMember2022-09-1400014236892022-09-140001423689us-gaap:SeriesGPreferredStockMember2022-09-140001423689agnc:DepositaryShareMember2025-06-300001423689us-gaap:SeriesCPreferredStockMember2025-01-012025-06-300001423689us-gaap:SeriesDPreferredStockMember2025-01-012025-06-300001423689us-gaap:SeriesEPreferredStockMember2025-01-012025-06-300001423689us-gaap:SeriesFPreferredStockMember2025-01-012025-06-300001423689us-gaap:AgencySecuritiesMember2025-03-310001423689us-gaap:AgencySecuritiesMember2024-03-310001423689us-gaap:AgencySecuritiesMember2023-12-310001423689us-gaap:AgencySecuritiesMember2025-04-012025-06-300001423689us-gaap:AgencySecuritiesMember2024-04-012024-06-300001423689us-gaap:AgencySecuritiesMember2025-01-012025-06-300001423689us-gaap:AgencySecuritiesMember2024-01-012024-06-300001423689us-gaap:AgencySecuritiesMember2024-06-300001423689us-gaap:SeriesBPreferredStockMember2014-05-012014-05-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-34057

AGNC INVESTMENT CORP.

(Exact name of registrant as specified in its charter)

_________________________________________________________


Delaware						26-1701984
(State or Other Jurisdiction of Incorporation or Organization)						(I.R.S. Employer Identification No.)

7373 Wisconsin Avenue, 22nd Floor

Bethesda, Maryland 20814

(Address of principal executive offices)

(301) 968-9315

(Registrant’s telephone number, including area code)

_________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Exchange on Which Registered

Common Stock, par value $0.01 per share

AGNC

AGNC Investment Corp. 10-Q