-2 is larger than -5
or
-2 is greater than -5
-----------------------------------------------------------------------------------------------------------
a loss of 5 points is greater in magnitude than a loss of 2 points
meaning that the person who lost 5 points had a bigger loss (even though -5 is smaller than -2)
Another way to think of it: -5 is further away from 0, compared to the distance from -2 to 0. I recommend drawing a number line if you're having trouble visualizing it.