Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of Loans Receivable, Underlying Real Estate Collateral by Property Types

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

	March 31, 2022						December 31, 2021
	Principal Outstanding		Fair Value		% of Fair Value		Principal Outstanding		Fair Value		% of Fair Value
Office(1)	$	867.4	$	858.1	64.6	%	$	862.4	$	853.4	57.2	%
Apartments(1)	253.5		252.1		19.0	%	253.3		252.0		16.9	%
Industrial	—		—		—	%	161.4		161.3		10.8	%
Hotel	125.2		125.3		9.4	%	125.3		125.3		8.4	%
Retail	93.7		93.7		7.0	%	101.7		100.6		6.7	%
	$	1,339.8	$	1,329.2	100.0	%	$	1,504.1	$	1,492.6	100.0	%

(1) Includes loans receivable with related parties.

Schedule of Fair Value Based on Risk Ratings

The following table presents the fair values of the Account's loan portfolio based on the risk ratings as of March 31, 2022 (in millions), listed in order of the strength of the risk rating (from strongest to weakest):

	March 31, 2022					December 31, 2021
	Number of Loans	Fair Value		% of Fair Value		Number of Loans	Fair Value		% of Fair Value
AA	—	—		—	%	1	62.6		4.2	%
A	2	195.4		14.7	%	4	248.5		16.6	%
A-	1	51.4		3.9	%	—	—		—	%
BBB	2	102.1		7.7	%	6	374.7		25.1	%
BBB-	4	117.3		8.8	%	—	—		—	%
BB+	5	197.1		14.8	%	—	—		—	%
BB	3	156.6		11.8	%	10	437.8		29.3	%
BB-	2	129.1		9.7	%	—	—		—	%
B+	2	74.7		5.6	%	—	—		—	%
B	2	77.1		5.8	%	5	144.3		9.7	%
C	2	158.5		11.9	%	2	154.8		10.4	%
NR(1)	3	69.9		5.3	%	3	69.9		4.7	%
	28	$	1,329.2	100.0	%	31	$	1,492.6	100.0	%

(1) "NR" designates loans not assigned an internal credit rating. As of March 31, 2022 and December 31, 2021, this is comprised of three loans with related parties. The loans are collateralized by equity interests in real estate investments.