DEBT AND OTHER OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2018

Non-Recourse Funding Obligations Outstanding

Non-recourse funding obligations outstanding as of September 30, 2018, on a consolidated basis, are shown in the following table:



Issuer	Outstanding Principal		Carrying Value⁽¹⁾		Maturity Year	Year-to-Date Weighted-Avg Interest Rate
	(Dollars In Thousands)
Golden Gate Captive Insurance Company⁽²⁾⁽³⁾	$	1,917,000	$	1,917,000	2039	4.75	%
Golden Gate II Captive Insurance Company	309,849		256,157		2052	4.07	%
Golden Gate V Vermont Captive Insurance Company⁽²⁾⁽³⁾	655,000		714,921		2037	5.12	%
MONY Life Insurance Company⁽³⁾	1,091		2,357		2024	6.19	%
Total	$	2,882,940	$	2,890,435

(1) Carrying values include premiums and discounts and do not represent unpaid principal balances.
(2) Obligations are issued to non-consolidated subsidiaries of PLC. These obligations collateralize certain held-to-maturity securities issued by wholly owned subsidiaries of the Company.
(3) Fixed rate obligations.

Non-recourse funding obligations outstanding as of December 31, 2017, on a consolidated basis, are shown in the following table:



Issuer	Outstanding Principal		Carrying Value⁽¹⁾		Maturity Year	Year-to-Date Weighted-Avg Interest Rate
	(Dollars In Thousands)
Golden Gate Captive Insurance Company⁽²⁾⁽³⁾	$	2,014,000	$	2,014,000	2039	4.75	%
Golden Gate II Captive Insurance Company	309,849		255,132		2052	3.11	%
Golden Gate V Vermont Captive Insurance Company⁽²⁾⁽³⁾	620,000		681,285		2037	5.12	%
MONY Life Insurance Company⁽³⁾	1,091		2,405		2024	6.19	%
Total	$	2,944,940	$	2,952,822

(1) Carrying values include premiums and discounts and do not represent unpaid principal balances.
(2) Obligations are issued to non-consolidated subsidiaries of PLC. These obligations collateralize certain held-to-maturity securities issued by wholly owned subsidiaries of the Company.
(3) Fixed rate obligations.

Schedule of Collateral Pledged for Repurchase Agreements

The following table provides the amount by asset class of securities of collateral pledged for repurchase agreements and securities that have been loaned as part of securities lending transactions as of September 30, 2018 and December 31, 2017:

Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions

Accounted for as Secured Borrowings



	Remaining Contractual Maturity of the Agreements
	As of September 30, 2018
	(Dollars In Thousands)
	Overnight and Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Repurchase agreements and repurchase-to-maturity transactions
U.S. Treasury and agency securities	$	401,011	$	56,513	$	—	$	—	$	457,524
Mortgage loans	—		—		—		—		—
Total repurchase agreements and repurchase-to-maturity transactions	401,011		56,513		—		—		457,524
Securities lending transactions
Fixed maturities	91,040		—		—		—		91,040
Equity securities	982		—		—		—		982
Redeemable preferred stock	—		—		—		—		—
Other government related securities	—		—		—		—		—
Total securities lending transactions	92,022		—		—		—		92,022
Total securities	$	493,033	$	56,513	$	—	$	—	$	549,546

Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions

Accounted for as Secured Borrowings



	Remaining Contractual Maturity of the Agreements
	As of December 31, 2017
	(Dollars In Thousands)
	Overnight and Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Repurchase agreements and repurchase-to-maturity transactions
U.S. Treasury and agency securities	$	307,633	$	—	$	—	$	—	$	307,633
Mortgage loans	698,974		—		—		—		698,974
Total repurchase agreements and repurchase-to-maturity transactions	1,006,607		—		—		—		1,006,607
Securities lending transactions
Corporate securities	118,817		—		—		—		118,817
Equity securities	5,699		—		—		—		5,699
Redeemable preferred stock	755		—		—		—		755
Total securities lending transactions	125,271		—		—		—		125,271
Total securities	$	1,131,878	$	—	$	—	$	—	$	1,131,878