PRA GROUP INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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10 – Accumulated Other Comprehensive Loss
- Accumulated Other Comprehensive Loss
Reclassifications out of Accumulated other comprehensive loss for the years ended December 31, 2025 and 2024, were as follows (in thousands):
| Cash flow hedges | Income Statement line-item | 2025 | 2024 |
|---|---|---|---|
| Interest rate swaps | Interest expense, net | $7,248 | $21,790 |
| Income tax effect (1) | Income tax benefit | (1,756) | (5,265) |
| Total gain on cash flow hedges | $5,492 | $16,525 |
(1)Income tax effects are released from Accumulated other comprehensive loss contemporaneously with the related gross pretax amount.
Changes in Accumulated other comprehensive loss by component, after tax, for the years ended December 31, 2025, 2024 and 2023 were as follows (in thousands):
| Debt Securities Available-for-Sale | Cash Flow Hedges | Foreign Currency Translation Adjustment | Accumulated Other Comprehensive Loss 1 | |
|---|---|---|---|---|
| Balance as of December 31, 2022 | $(237) | $27,804 | $(375,493) | $(347,926) |
| Other comprehensive gain before reclassifications | 302 | 468 | 38,932 | 39,702 |
| Reclassifications, net | — | (21,675) | — | (21,675) |
| Net current period other comprehensive gain/(loss) | 302 | (21,207) | 38,932 | 18,027 |
| Balance as of December 31, 2023 | $65 | $6,597 | $(336,561) | $(329,899) |
| Other comprehensive gain/(loss) before reclassifications | 140 | 12,039 | (109,149) | (96,970) |
| Reclassifications, net | — | (16,525) | — | (16,525) |
| Net current period other comprehensive gain/(loss) | 140 | (4,486) | (109,149) | (113,495) |
| Balance as of December 31, 2024 | $205 | $2,111 | $(445,710) | $(443,394) |
| Other comprehensive gain/(loss) before reclassifications | (79) | (2,350) | 164,300 | 161,871 |
| Reclassifications, net | — | (5,492) | — | (5,492) |
| Net current period other comprehensive gain/(loss) | (79) | (7,842) | 164,300 | 156,379 |
| Balance as of December 31, 2025 | $126 | $(5,731) | $(281,410) | $(287,015) |
(1)Net of deferred taxes for unrealized (gains)/losses from cash flow hedges of $1.9 million,$(0.7) million and $(2.2) million for the years ended December 31, 2025, 2024 and 2023, respectively.
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