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LOANS TO AFFILIATES
9 Months Ended
Sep. 30, 2020
Related Party Transactions [Abstract]  
LOANS TO AFFILIATES LOANS TO AFFILIATES Loans Issued to Holdings
In April 2018, Equitable Financial made a $800 million loan to Holdings. The loan has an interest rate of 3.69% and matures in April 2021. In December 2018 and in December 2019, Holdings repaid $200 million and $300 million in principal, respectively. At September 30, 2020, the amount outstanding was $300 million.
In November 2019, Equitable Financial made a $900 million loan to Holdings. The loan has an interest rate of one-month LIBOR plus 1.33%. The loan matures on November 24, 2024. At September 30, 2020, the amount outstanding was $900 million.