Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of Loans Receivable, Property Types

The following property types represent the underlying real estate collateral for the Account's mezzanine loans (in millions):

	December 31, 2021						December 31, 2020
	Principal Outstanding		Fair Value		% of Fair Value		Principal Outstanding		Fair Value		% of Fair Value
Office(1)	$	862.4	$	853.4	57.2	%	$	794.5	$	778.4	49.9	%
Apartments(1)	253.3		252.0		16.9	%	262.2		259.7		16.6	%
Industrial	161.4		161.3		10.8	%	194.3		194.3		12.4	%
Storage	—		—		—	%	82.0		73.8		4.7	%
Hotel	125.3		125.3		8.4	%	135.3		129.9		8.3	%
Retail	101.7		100.6		6.7	%	128.6		126.5		8.1	%
	$	1,504.1	$	1,492.6	100.0	%	$	1,596.9	$	1,562.6	100.0	%

(1) Includes loans receivable with related parties.

Schedule of Fair Value and Risk Ratings

The following table presents the fair values of the Account's loan portfolio based on the risk ratings as of December 31, 2021, listed in order of the strength of the risk rating (from strongest to weakest):

	December 31, 2021					December 31, 2020
	Number of Loans	Fair Value		% of Fair Value		Number of Loans	Fair Value		% of Fair Value
AA	1	62.6		4.2	%	—	—		—	%
A	4	248.5		16.6	%	—	—		—	%
BBB	6	374.7		25.1	%	1	69.6		4.5	%
BB	10	437.8		29.3	%	10	444.6		28.5	%
B	5	144.3		9.7	%	11	758.2		48.5	%
C	2	154.8		10.4	%	2	147.0		9.4	%
D	—	—		—	%	1	73.8		4.7	%
NR(1)	3	69.9		4.7	%	2	69.4		4.4	%
	31	$	1,492.6	100.0	%	27	$	1,562.6	100.0	%

(1) "NR" designates loans not assigned an internal credit rating. As of December 31, 2021 and 2020, this is comprised of three loans with related parties. The loans are collateralized by equity interests in real estate investments.