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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2020
Related Party Transaction [Line Items]  
Affiliated Commercial Mortgage Loan
The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: 
 December 31, 2020December 31, 2019
 Amount
(in thousands)
% of
Total
Amount
(in thousands)
% of
Total
Commercial mortgage and agricultural property loans by property type:
Apartments/Multi-Family$369,764 20.9 %$272,150 18.5 %
Hospitality16,679 0.9 16,819 1.1 
Industrial590,231 33.3 464,528 31.5 
Office374,107 21.1 372,823 25.3 
Other187,643 10.6 156,768 10.6 
Retail130,154 7.3 131,051 8.9 
Total commercial mortgage loans1,668,578 94.1 1,414,139 95.9 
Agricultural property loans104,574 5.9 60,046 4.1 
Total commercial mortgage and agricultural property loans1,773,152 100.0 %1,474,185 100.0 %
Allowance for credit losses(7,382)(2,663)
Total net commercial mortgage and agricultural property loans
$1,765,770 $1,471,522 
Affiliated Entity  
Related Party Transaction [Line Items]  
Affiliated Notes Receivable
Affiliated notes receivable included in "Receivables from parent and affiliates" at December 31, were as follows:
Maturity DatesInterest Rates20202019
(in thousands)
U.S. dollar fixed rate notes 2026-20272.62%-14.85 %$56,025 $52,573 
Total long-term notes receivable - affiliated(1)$56,025 $52,573 
(1)All long-term notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
Affiliated Commercial Mortgage Loan
The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at December 31, was as follow:
Maturity DateInterest Rate2020
(in thousands)
Affiliated Commercial Mortgage Loan20254.65%$74,005 
Affiliated Asset Transfers The table below shows affiliated asset trades for the years ended December 31, 2020 and 2019:
AffiliateDateTransaction  Security Type  Fair Value  Book Value  APIC, Net
of Tax
Increase/
(Decrease)
Realized
Investment
Gain/
(Loss)
    (in thousands)
Prudential InsuranceJanuary 2019SaleFixed Maturities$20,504 $20,781 $$(277)
Prudential InsuranceFebruary 2019SaleCommercial Mortgages$97,953 $98,506 $$(554)
Prudential InsuranceMarch 2019PurchaseFixed Maturities$141,476 $141,476 $$7,776 
Prudential InsuranceApril 2019PurchaseEquity Securities$4,300 $4,300 $$
Prudential Retirement Insurance and Annuity CompanyApril 2019PurchaseEquity Securities$1,258 $1,258 $$
Pruco Life Insurance CompanyApril 2019PurchaseEquity Securities$14,525 $14,525 $$
Prudential InsuranceJune 2019Transfer outFixed Maturities$23,066 $23,002 $$64 
Prudential InsuranceJune 2019Transfer InFixed Maturities$19,919 $19,919 $$
Prudential InsuranceAugust 2019SaleFixed Maturities$66,346 $64,735 $$1,611 
Prudential InsuranceAugust 2019SaleCommercial Mortgages$106,307 $104,733 $$1,574 
Prudential InsuranceNovember 2019SaleOther Invested Assets$2,289 $2,362 $$(73)
Prudential InsuranceNovember 2019SaleFixed Maturities$6,517 $8,550 $$(2,033)
Prudential InsuranceDecember 2019PurchaseFixed Maturities$5,271 $5,271 $$
Prudential InsuranceDecember 2019PurchaseFixed Maturities$85,261 $85,261 $$
Prudential InsuranceDecember 2019SaleFixed Maturities$21,425 $20,628 $$797 
Prudential International Insurance Service CompanyMarch 2020PurchaseFixed Maturities$107,014 $107,014 $$
Prudential InsuranceMarch 2020PurchaseFixed Maturities$258,885 $258,885 $$
Prudential InsuranceApril 2020PurchaseFixed Maturities$91,131 $91,131 $$
Prudential InsuranceJune 2020SaleFixed Maturities$65,646 $57,699 $$7,947 
Gibraltar Life Insurance CompanyJune 2020PurchaseFixed Maturities$222,091 $222,091 $$
Debt Agreements The following table provides the breakout of the Company's short and long-term debt to affiliates:
AffiliateDate
Issued
Amount of Notes - December 31, 2020Amount of Notes - December 31, 2019Interest Rate  Date of Maturity  
  (in thousands)  
Prudential Insurance4/20/2016$$37,468 3.64 %12/6/2020
Prudential Insurance4/20/201693,671 3.64 %12/15/2020
Prudential Insurance4/20/2016103,039 3.64 %12/15/2020
Prudential Insurance4/20/201693,671 93,671 3.47 %6/20/2021
Prudential Insurance4/20/201693,671 93,671 4.39 %12/15/2023
Prudential Insurance4/20/201628,102 28,102 4.39 %12/15/2023
Prudential Insurance4/20/201637,468 37,468 3.95 %6/20/2024
Prudential Insurance4/20/201693,671 93,671 3.95 %6/20/2024
Prudential Insurance4/20/201646,835 46,835 3.95 %6/20/2024
Prudential Insurance6/28/201626,000 26,000 2.59 %6/28/2021
Prudential Funding LLC12/16/20191,298 2.02 %1/16/2020
Prudential Funding LLC12/17/20191,478 2.02 %1/15/2020
Prudential Funding LLC12/17/2019502 2.02 %1/16/2020
Prudential Funding LLC12/18/20194,638 2.02 %1/16/2020
Total loans payable to affiliates$419,418 $661,512