Financial Performance - AGNC generated a positive economic return of 13.2% in 2024, with monthly dividends totaling $1.44 per common share and a decline of tangible net book value of $0.29 per common share [157]. - Total comprehensive income for AGNC was $0.84 per diluted common share in fiscal year 2024, up from $0.30 per share in 2023 [161]. - Net spread and dollar roll income per diluted common share decreased to $1.88 in 2024 from $2.61 in 2023, primarily due to a narrowing of the net interest rate spread, which averaged 242 basis points in 2024, down from 306 basis points in 2023 [161]. - Economic interest income for 2024 was $3,198 million, up 25% from $2,560 million in 2023 [205]. - Net income available to common stockholders reached $731 million in 2024, a significant increase from $32 million in 2023 [196]. - Comprehensive income available to common stockholders for fiscal year 2024 was $657 million, a significant increase from $187 million in 2023, compared to a loss of $2,268 million in 2022 [227]. - Net spread and dollar roll income available to common stockholders for fiscal year 2024 was $1,474 million, down from $1,617 million in 2023 and $1,676 million in 2022 [227]. - Total loss on investment securities for fiscal year 2024 was $1,147 million, compared to a gain of $266 million in 2023 and a loss of $7,684 million in 2022 [230]. - Gain on derivative instruments and other securities for fiscal year 2024 was $2,028 million, a notable increase from $386 million in 2023 and $4,630 million in 2022 [232]. Investment Portfolio - As of December 31, 2024, the investment portfolio totaled $73.3 billion, up from $60.2 billion in 2023, representing a 21.5% increase [174]. - The fair value of Agency RMBS increased to $65.5 billion in 2024 from $53.8 billion in 2023, a growth of 21.8% [174]. - The total investment securities, including TBA securities, reached $76.3 billion in fair value as of December 31, 2024, compared to $60.2 billion in 2023, marking a 26.7% increase [174]. - The total net TBA securities fair value was $6.9 billion in 2024, up from $5.4 billion in 2023, indicating a 27.8% increase [174]. - The fair value of non-Agency RMBS decreased to $15 million in 2024 from $43 million in 2023, a decline of 65.1% [180]. - The total carrying value of CRT securities was $633 million in 2024, slightly down from $723 million in 2023, a decrease of 12.4% [180]. - The total fixed-rate Agency RMBS and TBA securities accounted for 99% of the total investment securities in 2024, consistent with 98% in 2023 [180]. Leverage and Borrowings - AGNC's average "at risk" leverage for 2024 was 7.2x tangible stockholders' equity, compared to 7.4x in 2023 [165]. - As of December 31, 2024, total mortgage borrowings amounted to $66,313 million, up from $54,247 million in 2023 [236]. - The leverage ratio as of December 31, 2024, was 7.2x, compared to 7.0x in 2023, indicating a slight increase in leverage [235]. - The average daily net TBA position was $59,690 million, with a leverage ratio of 7.2:1 [212]. - The average mortgage borrowings increased by 11% in fiscal year 2024 compared to the previous year [220]. Interest Rates and Economic Conditions - The 30-year primary mortgage rate was near 7% at year-end 2024, with expectations for Agency RMBS supply in 2025 to align with investor demand [159]. - The average interest rate on mortgage borrowings, excluding interest rate swap periodic income, increased by 18 basis points in fiscal year 2024 [220]. - Changes in long-term interest rates significantly impact prepayment rates, with rates generally increasing when interest rates fall [188]. - The average interest rate swap pay-fixed rate for fiscal year 2024 was 1.16%, up from 0.55% in 2023 [225]. Regulatory and Compliance - The company is subject to regulatory requirements as a REIT, including maintaining at least 55% of its assets in qualifying real estate interests [29]. - The company has not maintained relationships with unconsolidated entities or financial partnerships for off-balance sheet arrangements as of December 31, 2024 [251]. Employee and Workplace Culture - The company maintained a workforce of 53 full-time employees as of December 31, 2024, with a low voluntary turnover rate averaging less than 1 employee per year over the past three years [36]. - The company was recertified as a Great Place to Work™ in 2023 based on employee feedback, reflecting high levels of employee satisfaction [38]. - As of December 31, 2024, 40% of the company's employees were women and 32% were ethnically diverse [41]. - The company offers a 401(k) Savings Plan with matching contributions of 100% up to 6% of each employee's eligible compensation [43]. - The company maintains a pay-for-performance compensation philosophy, with higher-level employees receiving a greater proportion of variable incentive-based compensation [42]. - The company provides comprehensive medical coverage, including dental and vision, as well as paid time off and parental leave [43]. - The company conducts mandatory compliance training on various topics, including insider trading and anti-harassment policies [40]. - The company promotes open communication and has a Code of Ethics and Conduct that applies to all employees [39]. - The company offers professional development programs, including reimbursement for approved courses and mentoring opportunities [40].

STOCKHOLDER PRESENTATION Q4 JANUARY 28, 2025 THE PREMIER AGENCY RESIDENTIAL MORTGAGE REIT © 2025 AGNC Investment Corp. All Rights Reserved. 2 CAPITAL STRUCTURE HIGHLIGHTS | AGNC Common Stock | | | --- | --- | | Ticker | Nasdaq: AGNC | | IPO Date | May 2008 | | Market Capitalization | $8.3 B | | Total Dividends Paid Since IPO1 | $14.0 B | | Total Stock Return Since IPO2 | 389% | | Dividend Yield | 15.6% | THE OBJECTIVE Favorable long-term stockholder returns with a substantial dividend yield component THE OP ...

Financial Performance - Comprehensive loss per common share for Q4 2024 was $(0.11), consisting of $0.10 net income and $(0.20) other comprehensive loss[4] - The Company reported a net income of $122 million for the fourth quarter, down from $346 million in the previous quarter[34] - The net income available to common stockholders for the fourth quarter was $86 million, compared to $313 million in the previous quarter[34] - Comprehensive income attributable to common stockholders for Q4 2024 was $(93) million, compared to $513 million in Q3 2024[37] - Economic return on tangible common equity for Q4 2024 was -0.6%, driven by $0.36 dividends per common share and a $(0.41) decline in tangible net book value[4][8] Dividends - The Company declared dividends of $0.12 per share for the fourth quarter, totaling $0.36 per share for the quarter, and has declared a total of $14.0 billion in common stock dividends since its IPO in May 2008[27] - The Company declared a total of $1.44 in dividends per common share for the year 2024[34] - AGNC Investment Corp. has paid over $14 billion in common stock dividends since its inception, demonstrating a strong track record of providing substantial monthly dividend income[49] Investment Portfolio - The investment portfolio totaled $73.3 billion as of December 31, 2024, with $65.5 billion in Agency MBS and $6.9 billion in net forward purchases/sales of Agency MBS[4][10] - Total investment securities at fair value as of December 31, 2024, were $66.348 billion, a decrease of 3% from $68.937 billion in the previous quarter[41] - The company primarily invests in Agency residential mortgage-backed securities (Agency MBS), which are guaranteed against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae[48] Financial Ratios and Metrics - Tangible net book value per common share decreased by $(0.41) or -4.6% to $8.41 as of December 31, 2024, from $8.82 as of September 30, 2024[4][9] - Average projected portfolio life CPR was 7.7% as of December 31, 2024, down from 13.2% as of September 30, 2024[7][13] - Average asset yield on the investment portfolio was 5.02% for Q4 2024, up from 4.54% in the prior quarter[15] - The annualized net interest spread for Q4 2024 was 1.91%, down from 2.21% in the prior quarter[17] - Average total cost of funds before interest rate swap periodic income was 4.85% in Q4 2024, compared to 5.40% in Q3 2024[39] - Average funding cost for repurchase agreements decreased to 4.86% from 5.41% in the previous quarter[41] Income and Expenses - For the fourth quarter, the Company reported net interest income of $115 million, compared to a net interest expense of $64 million in the previous quarter[34] - Economic interest income for Q4 2024 reached $889 million, an increase from $819 million in Q3 2024[39] - Adjusted net interest and dollar roll income for Q4 2024 was $405 million, compared to $420 million in Q3 2024[39] - Economic interest expense for Q4 2024 was $(484) million, compared to $(399) million in Q3 2024[39] Shareholder Information - The weighted average number of common shares outstanding was 882.8 million for the fourth quarter, compared to 807.2 million in the previous quarter[34] - The company issued 53.2 million shares of common equity through ATM offerings for net proceeds of $511 million in Q4 2024[7][8] Risk Management and Strategy - AGNC utilizes leveraged financing through repurchase agreements and employs dynamic risk management strategies to protect its portfolio from interest rate and market risks[48] - The economic return on tangible common equity includes changes in tangible net book value per common share and dividends declared, providing insight into the company's performance[52] - Forward-looking statements indicate potential risks and uncertainties that could affect future performance, including changes in monetary policy and market conditions[52] Non-GAAP Measures - The company emphasizes the importance of non-GAAP financial measures, such as net spread and dollar roll income, to provide greater transparency into its financial performance[53] - AGNC's non-GAAP measures include adjustments for gains/losses on investment securities and derivative instruments, reflecting a comprehensive view of its income[56] - The company believes that including TBA dollar roll income in its non-GAAP measures is meaningful as it reflects the economic equivalence of holding Agency MBS[56] Communication and Transparency - AGNC's investor relations can be contacted for further information, highlighting the company's commitment to transparency and communication with stakeholders[47]

Economic Performance - AGNC generated an economic return on tangible common equity per share of 9.3% for Q3 2024, consisting of $0.36 in dividends and a $0.42 (5%) increase in tangible net book value per share [119]. - Year-to-date economic return through September 30, 2024, reached 13.8% per common share, with a modest increase in tangible net book value of 1.4% and $1.08 in dividends per common share [119]. - Net income available to common stockholders for the three months ended September 30, 2024, was $313 million, compared to a loss of $423 million in the same period of 2023 [150]. - Economic return on tangible common equity was 9.3% for Q3 2024, compared to a negative return of (10.1)% in Q3 2023 [150]. - Comprehensive income for Q3 2024 was $546 million, recovering from a loss of $(605) million in Q3 2023 [150]. Investment Portfolio - As of September 30, 2024, the investment portfolio totaled $73.1 billion, up from $60.2 billion as of December 31, 2023 [133]. - The fair value of Agency RMBS was $68.0 billion as of September 30, 2024, compared to $53.8 billion as of December 31, 2023 [133]. - The total investment securities amounted to $74.028 billion as of September 30, 2024, with an average coupon of 4.95% [134]. - The total fixed rate Agency RMBS and TBA securities were valued at $73.160 billion as of September 30, 2024, with an average coupon of 4.90% [134]. - Investment securities at fair value increased to $68,937 million as of September 30, 2024, compared to $54,824 million as of December 31, 2023, representing a growth of approximately 25.7% [148]. Interest Rates and Spreads - The weighted average coupon on fixed-rate Agency RMBS and TBA securities decreased to 4.90% by the end of Q3 2024, down from 4.95% at the end of Q2 2024 [123]. - The average interest rate on mortgage borrowings increased by 4 basis points for the three months ended September 30, 2024, due to higher short-term interest rates [165]. - The average net interest spread for the three months ended September 30, 2024, was 2.21%, down from 3.03% in the same period of 2023 [167]. - The weighted average yield on investment securities (excluding TBA and forward settling securities) increased to 4.68% as of September 30, 2024, from 4.41% as of December 31, 2023 [135]. - The 30-year fixed-rate mortgage rate as of September 30, 2024, was 6.14%, down from 7.41% in the prior year [153]. Leverage and Capital Structure - "At risk" leverage decreased to 7.2x tangible stockholders' equity at the end of Q3 2024, down from 7.4x as of June 30, 2024 [124]. - The leverage ratio as of September 30, 2024, was 7.2x, compared to 7.0x as of December 31, 2023 [176]. - Total liabilities increased to $79,934 million as of September 30, 2024, from $63,339 million as of December 31, 2023, marking a growth of approximately 26.3% [148]. - The company had $1 billion remaining capacity in its stock repurchase plan, set to expire on December 31, 2024 [189]. - The company reported a total loss on derivative instruments and other securities of $(1,408) million for the three months ended September 30, 2024, compared to a gain of $1,574 million for the same period in 2023 [173]. Income and Expenses - Economic interest income for Q3 2024 was $756 million, up from $593 million in Q3 2023, reflecting a year-over-year increase of approximately 27.6% [150]. - Economic interest expense for the three months ended September 30, 2024, was $820 million, an increase from $646 million in the same period of 2023, reflecting a cost of funds of 5.41% compared to 5.37% [162]. - The total economic interest income available to common stockholders is adjusted to exclude certain gains/losses and includes TBA dollar roll income [139]. - The total net spread and dollar roll income available to common stockholders is derived from comprehensive income adjusted for specific items [143]. - The average interest rate swap net pay/(receive) rate was (3.98)% for the three months ended September 30, 2024, compared to (4.87)% in the same period of 2023 [166]. Market Conditions and Risks - The favorable investment environment is expected to continue, with stable long-term interest rates and Agency RMBS spreads anticipated [120]. - Forward-looking statements are subject to risks including changes in U.S. monetary policy and fluctuations in interest rates [192]. - The company may face challenges in raising additional equity capital at favorable terms due to market conditions and investor demand [189]. - The effectiveness of the company's risk mitigation strategies is a key factor in its performance outlook [193]. - The company is subject to various risks including geopolitical events and changes in laws that could impact its operations and market conditions [193]. Shareholder Returns - Dividends declared per common share remained stable at $0.36 for Q3 2024, consistent with Q3 2023 [150]. - The company may repurchase shares when the trading price of its common stock is less than its tangible net book value per common share [189]. - The company emphasizes the importance of maintaining a minimum level of securities that trade at or near TBA values to enhance portfolio liquidity [188]. - The average age of TBA positions for the total fixed rate portfolio is 35 months [137]. - The company does not maintain relationships with unconsolidated entities or financial partnerships for off-balance sheet arrangements as of September 30, 2024 [190].

Financial Data and Key Metrics Changes - AGNC reported total comprehensive income of $0.63 per share for Q3 2024, with an economic return on tangible common equity of 9.3%, consisting of $0.36 in dividends and a $0.42 increase in tangible net book value, representing a 5% increase [11] - The tangible net book value per common share decreased by about 3% in October, approximately 3.5% after accounting for monthly dividend accrual [11] - Leverage decreased to 7.2 times tangible equity from 7.4 times in Q2 [11] Business Line Data and Key Metrics Changes - The average projected life CPR for the portfolio increased by 4% to 13.2%, while actual CPRs averaged 7.3%, up from 7.1% in Q2 [12] - Net spread and dollar roll income declined by $0.10 to $0.43 per common share, driven by a reduction in the net interest-rate spread, which narrowed by approximately 50 basis points to just above 220 basis points [12] Market Data and Key Metrics Changes - The yield curve ended the quarter with a positive slope for the first time in two years, with two-year and 10-year treasury yields declining significantly [6][14] - Agency MBS spreads remained in a relatively narrow trading range, which is favorable compared to the highly volatile spread environment during the Fed's aggressive tightening [7][15] Company Strategy and Development Direction - The company anticipates that Agency MBS spreads will remain in the current trading range, supported by balanced supply and demand dynamics [9] - AGNC is focusing on longer-term treasury-based hedges, reducing swap-based hedges, to better position for expected yield curve steepening [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the mortgage market outlook, citing improved economic conditions and a favorable monetary policy environment [10] - The company expects increased demand for high-quality fixed-income assets as the Fed reduces short-term interest rates [9] Other Important Information - AGNC issued $781 million of common equity through its at-the-market offering program, which contributed to book-value accretion [13] - The company added about $5 billion in Agency MBS during the third quarter, increasing its investment portfolio to $72.1 billion [16] Q&A Session Summary Question: Changes to hedges and curve steepening - Management confirmed that the shift towards longer-dated hedges positions the company better for curve steepening, with a hedge ratio reduced to 72% from 98% [20] Question: Core earnings and economic returns - Management indicated that core earnings should converge with economic returns, with expectations of a 17% return on equity [22] Question: Return expectations in Agency MBS - Management feels confident about the current dividend level, with expectations that Agency MBS spreads will remain stable [26] Question: Impact of recent market volatility - Management acknowledged a 3.5% decline in book value due to recent treasury rate increases but remains optimistic about the mortgage market outlook post-election [32][34] Question: Delta hedging and leverage management - Management plans to be more active in delta hedging but does not anticipate changes to leverage levels [35] Question: Prepayment environment and servicing capacity - Management noted that the prepayment response has been slower than during COVID, with current capacity not being an issue [48] Question: MBS spread sensitivity and performance - Management explained that MBS spread sensitivity is measured by shocking each coupon and assessing performance against a hedged benchmark [50][51] Question: Future coupon trends - Management expects an upward trend in average coupon rates as the portfolio reallocates towards higher coupons [56]

4 2 0 Q3 OCTOBER 22, 2024 THE PREMIER AGENCY RESIDENTIAL MORTGAGE REIT 2 STOCKHOLDER PRESENTATION © 2024 AGNC Investment Corp. All Rights Reserved. IMPORTANT NOTICES Safe harbor statement under the private securities litigation reform act of 1995 This presentation contains statements that, to the extent they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). All such forward-looking st ...

Exhibit 99.1 FOR IMMEDIATE RELEASE October 21, 2024 CONTACT: Investors - (301) 968-9300 Media - (301) 968-9303 AGNC INVESTMENT CORP. ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS Bethesda, MD - October 21, 2024 - AGNC Investment Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) today announced financial results for the quarter ended September 30, 2024. THIRD QUARTER 2024 FINANCIAL HIGHLIGHTS • $0.63 comprehensive income per common share, comprised of: ◦ $0.39 net income per common share ◦ $0.24 other comprehe ...

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, 2024 OR ☐ 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 Oth ...

Financial Data and Key Metrics Changes - AGNC reported a comprehensive loss of $0.13 per share for Q2 2024, with an economic return on tangible common equity of negative 0.9% [14] - The tangible net book value per share declined by $0.44, but was up about 2% for July [14] - Leverage increased to 7.4 times tangible equity from 7.1 times in Q1 [15] - Liquidity remained strong with unencumbered cash and agency MBS of $5.3 billion, representing 65% of tangible equity [15] Business Line Data and Key Metrics Changes - The average projected life CPR for the portfolio decreased by 120 basis points to 9.2%, while actual CPRs increased to an average of 7.1% from 5.7% in the prior quarter [15] - Net spread and dollar roll income for the quarter was $0.53 per share, with a decline in net interest rate spread of approximately 30 basis points to just under 270 basis points [15] Market Data and Key Metrics Changes - The second quarter saw $52 billion in mortgage supply, double the pace of the first quarter, leading to a widening of agency MBS spreads [10] - Agency MBS spreads to treasuries widened by 5 to 10 basis points across the coupon stack [10] - The 10-year treasury yield ended the quarter just 20 basis points higher, with significant volatility throughout the quarter [9] Company Strategy and Development Direction - The company remains optimistic about the long-term fundamentals for agency MBS, citing persistent affordability challenges and historically slow prepayment speeds [13] - The company plans to approach the upcoming election with a lower risk profile, avoiding significant interest rate risk until the political landscape becomes clearer [26][30] - The company anticipates that bank regulation will become less onerous, potentially increasing demand for mortgage-backed securities [34] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic data is supportive of the Fed moving toward a more accommodative monetary policy stance, which is expected to begin over the next several months [12] - The company highlighted that the earnings environment for agency MBS remains favorable, with historically wide spreads and low levels of prepayment risk [20] - Management expressed caution regarding the upcoming election's impact on investment positioning and volatility, indicating a need to monitor developments closely [26] Other Important Information - The company issued $434 million of common equity through its aftermarket offering program, investing proceeds in attractively priced assets [16] - The hedge portfolio increased to $58.8 billion, with a shift towards a heavier allocation of swap-based hedges [19] Q&A Session Summary Question: Impact of the presidential election on investment positioning - Management indicated that the political landscape is evolving and will be monitored closely, with a cautious approach to interest rate risk in a high volatility environment [26][30] Question: Demand for agency MBS - Management noted that while bank demand moderated, demand from bond funds remained steady, and they expect demand for mortgage-backed securities to improve as monetary policy outlook becomes clearer [31][34] Question: Setting the dividend - Management explained that the dividend is set based on total cost of capital and the economics of the business, with current expectations aligning with a return on equity of 16% to 19% [37][40] Question: Spreads and funding markets - Management discussed the widening of spreads and the impact of elevated SOFR rates, indicating that the Fed's balance sheet runoff is being monitored closely [42][48] Question: Net interest margin outlook - Management acknowledged that the decline in net interest margin was influenced by the addition of longer-term swaps and indicated that future NIM changes will depend on portfolio growth and attractive investment returns [51][54] Question: Share issuance dynamics - Management clarified that share issuance is based on market conditions and portfolio needs, allowing for flexibility in capital raising [56][58] Question: Leverage considerations - Management stated that the current cash position allows for increased leverage if desired, but volatility and market conditions will inform their decisions [63][65] Question: Prepayment speed forecast - Management indicated that the forecast assumes realization of forward rates, with manageable convexity risk in the current environment [68]

4 2 0 Q2 STOCKHOLDER PRESENTATION JULY 23, 2024 THE PREMIER AGENCY RESIDENTIAL MORTGAGE REIT 2 © 2024 AGNC Investment Corp. All Rights Reserved. IMPORTANT NOTICES Safe harbor statement under the private securities litigation reform act of 1995 This presentation contains statements that, to the extent they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). All such forward-looking state ...