PRA GROUP INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
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3. Investments
- Investments:
Investments consisted of the following as of September 30, 2024 and December 31, 2023 (amounts in thousands):
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Debt securities | ||
| Available-for-sale | $50,605 | $59,470 |
| Equity securities | ||
| Private equity funds | 1,831 | 2,451 |
| Equity method investment | 8,886 | 10,483 |
| Total investments | $61,322 | $72,404 |
Debt Securities
Government securities: As of September 30, 2024, the Company's available-for-sale debt securities consisted of Swedish treasury securities maturing within one year. As of September 30, 2024 and December 31, 2023, the amortized cost and fair value of these investments were as follows (amounts in thousands):
| September 30, 2024 | |||
|---|---|---|---|
| Amortized Cost | Gross Unrealized Gains | Aggregate Fair Value | |
| Available-for-sale | |||
| Government securities | $50,293 | $312 | $50,605 |
| December 31, 2023 | |||
| Amortized Cost | Gross Unrealized Gains | Aggregate Fair Value | |
| Available-for-sale | |||
| Government securities | $59,404 | $66 | $59,470 |
Equity Method Investment
The Company has an 11.7% interest in RCB Investimentos S.A. ("RCB"), a servicing platform for nonperforming loans in Brazil, accounted for under the equity method.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.