Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2020

The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated:



	June 30, 2020					December 31, 2019
	Amount (in thousands)			% of Total		Amount (in thousands)			% of Total
Commercial mortgage and agricultural property loans by property type:
Apartments/Multi-Family	$	367,359		22.3	%	$	272,150		18.5	%
Hospitality	16,705			1.0		16,819			1.1
Industrial	498,323			30.3		464,528			31.5
Office	359,595			21.8		372,823			25.3
Other	182,189			11.1		156,768			10.6
Retail	130,606			7.9		131,051			8.9
Total commercial mortgage loans	1,554,777			94.4		1,414,139			95.9
Agricultural property loans	92,514			5.6		60,046			4.1
Total commercial mortgage and agricultural property loans by property type	1,647,291			100.0	%	1,474,185			100.0	%
Allowance for credit losses	(6,879		)			(2,663		)
Total net commercial mortgage and agricultural property loans by property type	1,640,412					1,471,522
Other loans:
Other collateralized loans	3,908					0
Allowance for credit losses	0					0
Total net other loans	3,908					0
Total commercial mortgage and other loans	$	1,644,320				$	1,471,522

Affiliated Asset Transfer

The table below shows affiliated asset trades for the six months ended June 30, 2020 and for the year ended December 31, 2019.



Affiliate	Date	Transaction	Security Type	Fair Value		Book Value		APIC, Net of Tax Increase/(Decrease)		Realized Investment Gain (Loss)
				(in thousands)
Prudential Insurance	January 2019	Sale	Fixed Maturities	$	20,504	$	20,781	$	0	$	(277	)
Prudential Insurance	February 2019	Sale	Commercial Mortgages	$	97,953	$	98,506	$	0	$	(554	)
Prudential Insurance	March 2019	Purchase	Fixed Maturities	$	141,476	$	141,476	$	0	$	7,776
Prudential Insurance	April 2019	Purchase	Equity Securities	$	4,300	$	4,300	$	0	$	0
Prudential Retirement Insurance and Annuity Company	April 2019	Purchase	Equity Securities	$	1,258	$	1,258	$	0	$	0
Pruco Life Insurance Company	April 2019	Purchase	Equity Securities	$	14,525	$	14,525	$	0	$	0
Prudential Insurance	June 2019	Transfer out	Fixed Maturities	$	23,066	$	23,002	$	0	$	64
Prudential Insurance	June 2019	Transfer In	Fixed Maturities	$	19,919	$	19,919	$	0	$	0
Prudential Insurance	August 2019	Sale	Fixed Maturities	$	66,346	$	64,735	$	0	$	1,611
Prudential Insurance	August 2019	Sale	Commercial Mortgages	$	106,307	$	104,733	$	0	$	1,574
Prudential Insurance	November 2019	Sale	Other Invested Assets	$	2,289	$	2,362	$	0	$	(73	)
Prudential Insurance	November 2019	Sale	Fixed Maturities	$	6,517	$	8,550	$	0	$	(2,033	)
Prudential Insurance	December 2019	Purchase	Fixed Maturities	$	5,271	$	5,271	$	0	$	0
Prudential Insurance	December 2019	Purchase	Fixed Maturities	$	85,261	$	85,261	$	0	$	0
Prudential Insurance	December 2019	Sale	Fixed Maturities	$	21,425	$	20,628	$	0	$	797
Prudential International Insurance Service Company	March 2020	Purchase	Fixed Maturities	$	107,014	$	107,014	$	0	$	0
Prudential Insurance	March 2020	Purchase	Fixed Maturities	$	258,885	$	258,885	$	0	$	0
Prudential Insurance	April 2020	Purchase	Fixed Maturities	$	91,131	$	91,131	$	0	$	0
Prudential Insurance	June 2020	Sale	Fixed Maturities	$	65,646	$	57,699	$	0	$	7,947
Gibraltar Life Insurance Company	June 2020	Purchase	Fixed Maturities	$	222,091	$	222,091	$	0	$	0

Affiliated Entity

Affiliated Notes Receivables

Affiliated notes receivable included in "Receivables from parent and affiliates" at June 30, 2020 and December 31, 2019 were as follows:



	Maturity Dates	Interest Rates				June 30, 2020		December 31, 2019
						(in thousands)
U.S. dollar fixed rate notes	2026 - 2027	2.62%	-	14.85	%	$	55,789	$	52,573
Total notes receivable - affiliated(1)						$	55,789	$	52,573

(1)

All 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 June 30, 2020 was as follow:



	Maturity Date	Interest Rate	June 30, 2020
			(in thousands)
Affiliated Commercial Mortgage Loan	2025	4.67%	$	74,005

Debt Agreements

The following table provides the breakout of the Company's short and long-term debt to affiliates as of June 30, 2020 and December 31, 2019:



Affiliate	Date Issued	Amount of Notes - June 30, 2020		Amount of Notes - December 31, 2019		Interest Rate			Date of Maturity
		(in thousands)
Prudential Insurance	4/20/2016	$	37,468	$	37,468		3.64	%		12/6/2020
Prudential Insurance	4/20/2016	103,039		103,039			3.64	%		12/15/2020
Prudential Insurance	4/20/2016	93,671		93,671			3.64	%		12/15/2020
Prudential Insurance	4/20/2016	93,671		93,671			3.47	%		6/20/2021
Prudential Insurance	4/20/2016	93,671		93,671			4.39	%		12/15/2023
Prudential Insurance	4/20/2016	28,102		28,102			4.39	%		12/15/2023
Prudential Insurance	4/20/2016	93,671		93,671			3.95	%		6/20/2024
Prudential Insurance	4/20/2016	37,468		37,468			3.95	%		6/20/2024
Prudential Insurance	4/20/2016	46,835		46,835			3.95	%		6/20/2024
Prudential Insurance	6/28/2016	26,000		26,000			2.59	%		6/28/2021
Prudential Funding LLC	12/16/2019	0		1,298			2.02	%		1/16/2020
Prudential Funding LLC	12/17/2019	0		1,478			2.02	%		1/15/2020
Prudential Funding LLC	12/17/2019	0		502			2.02	%		1/16/2020
Prudential Funding LLC	12/18/2019	0		4,638			2.02	%		1/16/2020
Total Loans Payable to Affiliates		$	653,596	$	661,512