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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Affiliated Notes Receivable
Affiliated notes receivable included in “Receivables from parent and affiliates” at December 31, was as follows:
Maturity DatesInterest Rates20252024
(in thousands)
U.S. dollar fixed rate notes2026-20380.00%-12.13 %$649,771 $520,462 
Total notes receivable - affiliated(1)$649,771 $520,462 
(1)All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
Affiliated Asset Transfers The table below shows affiliated asset trades for the years ended December 31, 2025 and 2024.
AffiliateDateTransactionSecurity TypeFair
Value
Book ValueAPIC, Net of
Tax Increase/
(Decrease)
Realized
Investment
Gain/(Loss)
    (in thousands)
PAR UJanuary 2024Transfer inFixed Maturities$1,598,161 $1,598,161 $$
PAR UJanuary 2024Transfer inFixed Maturities$778,745 $778,745 $$
PURCJanuary 2024Transfer inFixed Maturities$2,155,560 $2,155,560 $$
GUL ReJanuary 2024Transfer inFixed Maturities$1,685,582 $1,685,582 $$
GUL ReJanuary 2024Transfer inEquities$4,976 $4,976 $$
PUREJanuary 2024Transfer outFixed Maturities$1,598,161 $1,598,161 $$
PUREJanuary 2024Transfer outFixed Maturities$778,745 $778,745 $$
PUREJanuary 2024Transfer outFixed Maturities$2,155,560 $2,155,560 $$
PUREJanuary 2024Transfer outFixed Maturities$1,685,582 $1,685,582 $$
PUREJanuary 2024Transfer outEquities$4,976 $4,976 $$
IronboundJanuary 2024PurchaseOther Invested Assets$60,414 $60,414 $$
Windhill CLO 1, Ltd.February 2024SaleFixed Maturities$18,428 $18,858 $$(430)
Windhill CLO 2, Ltd.February 2024SaleFixed Maturities$19,652 $20,057 $$(405)
PAR TermFebruary 2024PurchaseFixed Maturities$43,084 $43,084 $$
Windhill CLO 1, Ltd.March 2024SaleFixed Maturities$10,148 $10,387 $$(239)
Windhill CLO 2, Ltd.March 2024SaleFixed Maturities$14,763 $15,091 $$(328)
Prudential InsuranceMarch 2024PurchaseFixed Maturities$198,804 $206,285 $5,910 $
PAR UMarch 2024Transfer inOther Invested Assets$188,500 $188,500 $$
PUREMarch 2024Transfer outOther Invested Assets$188,500 $188,500 $$
Windhill CLO 1, Ltd.April 2024SaleFixed Maturities$2,261 $2,300 $$(39)
Windhill CLO 2, Ltd.May 2024SaleFixed Maturities$14,034 $14,415 $$(381)
Windhill CLO 1, Ltd.June 2024SaleFixed Maturities$2,045 $2,100 $$(55)
Windhill CLO 2, Ltd.June 2024SaleFixed Maturities$23,342 $23,743 $$(401)
PAR UJune 2024Transfer inOther Invested Assets$326 $326 $$
PUREJune 2024Transfer outOther Invested Assets$326 $326 $$
AffiliateDateTransactionSecurity TypeFair
Value
Book ValueAPIC, Net of
Tax Increase/
(Decrease)
Realized
Investment
Gain/(Loss)
PAR UJune 2024PurchaseCommercial Mortgage and Other Loans$12,555 $12,555 $$
Windhill CLO 2, Ltd.July 2024SaleFixed Maturities$53,462 $54,628 $$(1,166)
Windhill CLO 2, Ltd.July 2024SaleFixed Maturities$6,579 $6,695 $$(116)
Windhill CLO 1, Ltd.July 2024SaleFixed Maturities$2,136 $2,200 $$(64)
PAR UJuly 2024PurchaseFixed Maturities$17,402 $17,402 $$
Prudential InsuranceJuly 2024PurchaseFixed Maturities$22,655 $23,433 $614 $
PAR UJuly 2024PurchaseFixed Maturities$1,239 $1,239 $$
PAR UJuly 2024PurchaseDerivatives$2,975 $2,975 $$
Windhill CLO 2, Ltd.August 2024SaleFixed Maturities$21,929 $22,500 $$(571)
Windhill CLO 1, Ltd.August 2024SaleFixed Maturities$13,650 $14,100 $$(450)
PAR UAugust 2024PurchaseFixed Maturities$46,742 $46,742 $$
PAR UAugust 2024PurchaseFixed Maturities$4,793 $4,793 $$
Prudential InsuranceAugust 2024PurchaseFixed Maturities$35,872 $35,085 $(621)$
Windhill CLO 2, Ltd.September 2024SaleFixed Maturities$57,613 $57,613 $$
Windhill CLO 2, Ltd.September 2024SaleFixed Maturities$24,575 $24,911 $$(336)
Prudential InsuranceSeptember 2024PurchaseFixed Maturities$44,773 $43,632 $(901)$
HirakataOctober 2024PurchaseFixed Maturities$21,229 $21,229 $$
HirakataOctober 2024PurchaseFixed Maturities$3,901 $3,901 $$
PAR UOctober 2024Transfer inFixed Maturities$6,615,438 $6,615,438 $$
Windhill CLO 3, Ltd.October 2024SaleFixed Maturities$232,036 $235,610 $$(3,574)
Windhill CLO 2, Ltd.October 2024SaleFixed Maturities$5,824 $5,899 $$(75)
Windhill CLO 2, Ltd.October 2024SaleFixed Maturities$14,690 $14,959 $$(269)
Windhill CLO 1, Ltd.October 2024SaleFixed Maturities$3,038 $3,100 $$(62)
PAR UOctober 2024Transfer inEquities$6,120 $6,120 $$
Windhill CLO 3, Ltd.November 2024SaleFixed Maturities$17,409 $17,518 $$(109)
Windhill CLO 3, Ltd.December 2024SaleFixed Maturities$38,020 $38,537 $$(517)
Windhill CLO 3, Ltd.December 2024SaleShort-term Investments$2,882 $2,905 $$(23)
AffiliateDateTransactionSecurity TypeFair
Value
Book ValueAPIC, Net of
Tax Increase/
(Decrease)
Realized
Investment
Gain/(Loss)
Prudential InsuranceDecember 2024Contributed CapitalEquities$415,696 $416,265 $$
Windhill CLO 2, Ltd.January 2025SaleFixed Maturities$2,738 $2,800 $$(62)
Windhill CLO 3, Ltd.January 2025SaleFixed Maturities$17,046 $17,363 $$(317)
Windhill CLO 1, Ltd.January 2025SaleFixed Maturities$2,152 $2,200 $$(48)
PAR UFebruary 2025PurchaseDerivatives$417,169 $417,169 $$
Windhill CLO 2, Ltd.February 2025SaleFixed Maturities$7,482 $7,600 $$(118)
Windhill CLO 3, Ltd.February 2025SaleFixed Maturities$17,172 $17,410 $$(238)
Windhill CLO 1, Ltd.February 2025SaleFixed Maturities$9,784 $9,900 $$(116)
Prudential InsuranceFebruary 2025PurchaseFixed Maturities$100,033 $101,147 $880 $
Prudential InsuranceMarch 2025PurchaseFixed Maturities$226,726 $260,396 $26,599 $
Windhill CLO 3, Ltd.March 2025SaleFixed Maturities$9,019 $9,144 $$(125)
Windhill CLO 1, Ltd.March 2025SaleFixed Maturities$8,469 $8,500 $$(31)
Windhill CLO 1, Ltd.March 2025SaleFixed Maturities$10,184 $10,301 $$(117)
Windhill CLO 1, Ltd.March 2025PurchaseFixed Maturities$921 $921 $$
Windhill CLO 1, Ltd.April 2025SaleFixed Maturities$21,646 $22,003 $$(357)
Windhill CLO 2, Ltd.April 2025SaleFixed Maturities$8,597 $8,646 $$(49)
Windhill CLO 3, Ltd.April 2025SaleFixed Maturities$33,528 $34,110 $$(582)
Windhill CLO 1, Ltd.April 2025PurchaseFixed Maturities$24 $24 $$
Prudential InsuranceApril 2025PurchaseFixed Maturities$51,030 $53,646 $2,066 $
Windhill CLO 1, Ltd.May 2025SaleFixed Maturities$9,254 $9,388 $$(134)
Windhill CLO 2, Ltd.May 2025SaleFixed Maturities$14,667 $14,792 $$(125)
Windhill CLO 4, Ltd.May 2025SaleFixed Maturities$235,316 $237,464 $$(2,148)
Prudential InsuranceMay 2025PurchaseFixed Maturities$24,037 $24,000 $(29)$
PARCCMay 2025PurchaseFixed Maturities$103,549 $103,549 $$
Prudential InsuranceMay 2025Contributed CapitalOther Invested Assets$207,870 $207,870 $$
Windhill CLO 2, Ltd.June 2025SaleFixed Maturities$500 $500 $$
Windhill CLO 3, Ltd.June 2025SaleFixed Maturities$2,608 $2,608 $$
Windhill CLO 4, Ltd.June 2025SaleFixed Maturities$19,136 $19,351 $$(215)
AffiliateDateTransactionSecurity TypeFair
Value
Book ValueAPIC, Net of
Tax Increase/
(Decrease)
Realized
Investment
Gain/(Loss)
Windhill CLO 1, Ltd.July 2025SaleFixed Maturities$2,189 $2,200 $$(11)
Windhill CLO 2, Ltd.July 2025SaleFixed Maturities$1,800 $1,800 $$
Windhill CLO 3, Ltd.July 2025SaleFixed Maturities$1,681 $1,700 $$(19)
Windhill CLO 4, Ltd.July 2025SaleFixed Maturities$644 $650 $$(6)
Windhill CLO 1, Ltd.August 2025SaleFixed Maturities$16,310 $16,526 $$(216)
Windhill CLO 2, Ltd.August 2025SaleFixed Maturities$2,920 $2,920 $$
Windhill CLO 3, Ltd.August 2025SaleFixed Maturities$2,090 $2,090 $$
Prudential InsuranceAugust 2025PurchaseFixed Maturities$117,008 $116,592 $(328)$
Windhill CLO 1, Ltd.September 2025SaleFixed Maturities$1,195 $1,200 $$(5)
Windhill CLO 2, Ltd.September 2025SaleFixed Maturities$9,273 $9,314 $$(41)
Windhill CLO 3, Ltd.September 2025SaleShort-term Investments$235 $235 $$
Windhill CLO 4, Ltd.September 2025SaleFixed Maturities$4,910 $4,941 $$(31)
PGIM Strategic Investments IncSeptember 2025SaleOther Invested Assets$61,361 $61,361 $$
Windhill CLO 2, Ltd.October 2025SaleFixed Maturities$1,389 $1,400 $$(11)
Windhill CLO 3, Ltd.October 2025SaleFixed Maturities$4,791 $4,800 $$(9)
Windhill CLO 4, Ltd.October 2025SaleFixed Maturities$75,800 $76,335 $$(535)
Windhill CLO 5, Ltd.November 2025SaleFixed Maturities$134,211 $135,041 $$(830)
Prudential InsuranceNovember 2025SaleCommercial Mortgage and Other Loans$101,514 $99,786 $1,365 $
Prudential InsuranceNovember 2025SaleFixed Maturities$29,140 $28,813 $258 $
Prudential InsuranceNovember 2025SaleFixed Maturities$758 $781 $(19)$
Prudential InsuranceNovember 2025PurchaseFixed Maturities$148,886 $149,101 $169 $
Prudential InsuranceDecember 2025PurchaseFixed Maturities$28,011 $29,000 $781 $
Prudential InsuranceDecember 2025PurchaseFixed Maturities$9,337 $9,060 $$(277)
Windhill CLO 1, Ltd.December 2025PurchaseFixed Maturities$1,112 $1,112 $$
Windhill CLO 1, Ltd.December 2025SaleFixed Maturities$16,955 $17,075 $$(120)
Windhill CLO 2, Ltd.December 2025SaleFixed Maturities$4,896 $4,920 $$(24)
Windhill CLO 3, Ltd.December 2025SaleFixed Maturities$9,008 $9,076 $$(68)
AffiliateDateTransactionSecurity TypeFair
Value
Book ValueAPIC, Net of
Tax Increase/
(Decrease)
Realized
Investment
Gain/(Loss)
Windhill CLO 3, Ltd.December 2025SaleShort-term Investments$353 $353 $$
Windhill CLO 4, Ltd.December 2025SaleFixed Maturities$10,562 $10,662 $$(100)
Windhill CLO 5, Ltd.December 2025SaleFixed Maturities$27,642 $27,913 $$(271)
Passaic Fund LLCDecember 2025SaleOther Invested Assets$35,828 $35,828 $$