XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021December 31, 2020
 Amount
(in thousands)		% of
Total		Amount
(in thousands)		% of
Total
Commercial mortgage and agricultural property loans by property type:
Apartments/Multi-Family$384,878 25.5 %$369,764 20.9 %
Hospitality17,247 1.1 16,679 0.9 
Industrial624,033 41.5 590,231 33.3 
Office196,221 13.0 374,107 21.1 
Other134,181 8.9 187,643 10.6 
Retail101,399 6.7 130,154 7.3 
Total commercial mortgage loans1,457,959 96.7 1,668,578 94.1 
Agricultural property loans50,300 3.3 104,574 5.9 
Total commercial mortgage and agricultural property loans1,508,259 100.0 %1,773,152 100.0 %
Allowance for credit losses(4,657)(7,382)
Total net commercial mortgage and agricultural property loans
$1,503,602 $1,765,770 
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 Rates20212020
(in thousands)
U.S. dollar fixed rate notes 2026-20272.62%-14.85 %$0 $56,025 
Total long-term notes receivable - affiliated(1)$0 $56,025 
(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 follows:
Maturity DateInterest Rate20212020
(in thousands)
Affiliated Commercial Mortgage Loan20254.65%$0 $74,005 
Affiliated Asset Transfers The table below shows affiliated asset trades for the years ended December 31, 2021 and 2020, excluding those related to the 2021 Variable Annuities Recapture effective July 1, 2021, as described in Note 1.
AffiliateDateTransaction  Security Type  Fair Value  Book Value  APIC, Net
of Tax
Increase/
(Decrease)		Realized
Investment
Gain/
(Loss)
    (in thousands)
Prudential International Insurance Service CompanyMarch 2020PurchaseFixed Maturities$107,014 $107,014 $0 $0 
Prudential InsuranceMarch 2020PurchaseFixed Maturities$258,885 $258,885 $0 $0 
Prudential InsuranceApril 2020PurchaseFixed Maturities$91,131 $91,131 $0 $0 
Prudential InsuranceJune 2020SaleFixed Maturities$65,646 $57,699 $0 $7,947 
Gibraltar Life Insurance CompanyJune 2020PurchaseFixed Maturities$222,091 $222,091 $0 $0 
Prudential InsuranceApril 2021PurchaseFixed Maturities$200,873 $200,873 $0 $0 
Prudential InsuranceApril 2021PurchaseCommercial Mortgages$176,904 $176,904 $0 $0 
Vantage Casualty Insurance Co.June 2021PurchaseFixed Maturities$14,662 $14,662 $0 $0 
Prudential InsuranceJune 2021SaleEquities$3,050 $3,013 $0 $37 
Pruco LifeJune 2021SaleEquities$40,284 $38,026 $0 $2,258 
Passaic Fund LLCJune 2021Transfer OutOther Invested Assets$12,350 $12,350 $0 $0 
Passaic Fund LLCJuly 2021Transfer OutOther Invested Assets$195,776 $195,926 $0 $(150)
Prudential InsuranceSeptember 2021PurchaseFixed Maturities$2,104 $2,104 $0 $0 
Prudential InsuranceSeptember 2021SaleFixed Maturities$11,788 $10,844 $0 $944 
Prudential Retirement Insurance and Annuity CompanySeptember 2021SaleFixed Maturities$26,086 $24,349 $0 $1,737 
Prudential Retirement Insurance and Annuity CompanySeptember 2021PurchaseFixed Maturities$35,311 $35,311 $0 $0 
Prudential InsuranceSeptember 2021PurchaseDerivatives$71 $71 $0 $0 
Prudential Retirement Insurance and Annuity CompanySeptember 2021PurchaseDerivatives$(991)$(991)$0 $0 
Prudential FinancialOctober 2021SaleEquities$10,000 $10,000 $0 $0 
Pruco LifeNovember 2021SaleDerivatives$1,112 $0 $0 $1,112 
Prudential Arizona Reinsurance November 2021PurchaseFixed Maturities$55,304 $55,304 $0 $0 
Pruco LifeDecember 2021Transfer OutFixed Maturities$2,037,619 $1,934,118 $0 $103,501 
Pruco LifeDecember 2021SaleFixed Maturities$57,087 $56,977 $0 $110 
Prudential FinancialDecember 2021DividendFixed Maturities$166,676 $166,676 $0 $0 
Prudential FinancialDecember 2021SaleFixed Maturities$144,465 $138,020 $0 $6,445 
Prudential FinancialDecember 2021PurchaseCommercial Mortgage Loan$184,525 $184,525 $0 $0 
Pruco LifeDecember 2021Transfer OutCommercial Mortgage Loan$538,152 $517,309 $0 $20,843 
Pruco LifeDecember 2021SaleDerivatives$8,455 $2,345 $0 $6,110 
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, 2021Amount of Notes - December 31, 2020Interest Rate  Date of Maturity  
  (in thousands)  
Prudential Insurance4/20/2016$0 $93,671 3.47 %6/20/2021
Prudential Insurance4/20/20160 93,671 4.39 %12/15/2023
Prudential Insurance4/20/20160 28,102 4.39 %12/15/2023
Prudential Insurance4/20/20160 37,468 3.95 %6/20/2024
Prudential Insurance4/20/20160 93,671 3.95 %6/20/2024
Prudential Insurance4/20/20160 46,835 3.95 %6/20/2024
Prudential Insurance6/28/20160 26,000 2.59 %6/28/2021
Total loans payable to affiliates$0 $419,418