CREDIT FACILITIES (Tables)

9 Months Ended

Sep. 30, 2024

Line of Credit Facility [Abstract]

Schedule of Outstanding Letters of Credit and Borrowings

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Wells Fargo Bank Bilateral LOC Facility	$	500	$	437	12/31/2024	$	500	$	97	6/24/2024
								71		6/28/2024
								318		12/31/2024
	$	500	$	437		$	500	$	486

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Citibank LOC Facility - Committed	$	230	$	194	12/31/2024	$	230	$	—	1/21/2024
			—		1/21/2025			4		2/29/2024
			4		2/28/2025			1		3/1/2024
			2		3/1/2025			3		9/23/2024
			1		3/15/2025			1		12/1/2024
			1		8/15/2025			—		12/16/2024
			3		9/23/2025			—		12/20/2024
			1		12/1/2025			217		12/31/2024
			—		12/16/2025			1		8/15/2025
			—		12/20/2025
			4		12/31/2025
Bermuda Re Citibank LOC Facility - Uncommitted	140		106		12/31/2024	140		105		12/31/2024
			—		6/30/2028			7		12/30/2027
			7		9/30/2028
Total Citibank Bilateral Agreement	$	370	$	324		$	370	$	340

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Bayerische Landesbank Bilateral Secured Credit Facility - Committed	$	200	$	188	12/31/2024	$	200	$	192	12/31/2024

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Bayerische Landesbank Bilateral Unsecured Credit Facility - Committed	$	150	$	150	12/31/2024	$	150	$	150	12/31/2024

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Lloyd's Bank Credit Facility-Committed	$	250	$	216	12/31/2024	$	250	$	235	12/31/2024

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Bermuda Re Barclays Bilateral Letter of Credit Facility	$	200	$	150	12/30/2024	$	200	$	168	12/30/2024
			14		12/31/2024			14		12/31/2024
Total Bermuda Re Barclays Bilateral Letter of Credit Facility	$	200	$	164		$	200	$	182

(Some amounts may not reconcile due to rounding.)

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)	At September 30, 2024					At December 31, 2023
Letter of Credit Facility	Commitment		In Use		Date of Expiry	Commitment		In Use		Date of Expiry
Nordea Bank Letter of Credit Facility - Committed	$	200	$	200	12/31/2024	$	200	$	200	12/31/2024
Nordea Bank Letter of Credit Facility - Uncommitted	100		100		12/31/2024	100		100		12/31/2024
Total Nordea Bank ABP, NY LOC Facility	$	300	$	300		$	300	$	300

(Some amounts may not reconcile due to rounding.)