PRA GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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3 – Investments
- Investments:
Investments consisted of the following as of December 31, 2024 and 2023 (amounts in thousands):
| 2024 | 2023 | |
|---|---|---|
| Debt securities | ||
| Available-for-sale | $55,762 | $59,470 |
| Equity securities | ||
| Private equity funds | 1,848 | 2,451 |
| Equity method investment | 8,694 | 10,483 |
| Total investments | $66,304 | $72,404 |
Debt Securities
Government securities: As of December 31, 2024, the Company's available-for-sale debt securities consisted of Swedish treasury securities maturing within one year. As of December 31, 2024 and 2023, the amortized cost and fair value of these investments were as follows (amounts in thousands):
| 2024 | |||
|---|---|---|---|
| Amortized Cost | Gross Unrealized Gains | Aggregate Fair Value | |
| Available-for-sale | |||
| Government securities | $55,556 | $206 | $55,762 |
| 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 company for nonperforming loans in Brazil. On January 2, 2025, the Company exercised its right to sell its interest in RCB. Refer to Note 17 for additional information.
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