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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2023
Reinsurance Disclosures [Abstract]  
Schedule of Premiums Written And Earned And Incurred Losses
Premiums written and earned and incurred losses and LAE are comprised of the following for the periods indicated:
Years Ended December 31,
(Dollars in millions)202320222021
Written premiums:
Direct$3,785 $3,701 $3,300 
Assumed7,332 5,975 6,031 
Ceded(1,905)(1,645)(1,612)
Net written premiums$9,212 $8,032 $7,719 
Premiums earned:
Direct$3,709 $3,544 $2,982 
Assumed6,705 5,945 5,741 
Ceded(1,878)(1,613)(1,544)
Net premiums earned$8,536 $7,876 $7,179 
Incurred losses and LAE:
Direct$2,594 $2,423 $2,043 
Assumed3,449 4,107 3,872 
Ceded(465)(708)(528)
Net incurred losses and LAE$5,578 $5,823 $5,387 
Schedule of Affiliated Quota Share Reinsurance Agreements For All New And Renewal Business For The Indicated Coverage Period
The table below represents affiliated quota share reinsurance agreements ("whole account quota share") for all new and renewal business for the indicated coverage period:
(Dollars in millions)
Coverage PeriodCeding CompanyPercent
Ceded		Assuming
Company		Type of BusinessSingle
Occurrence
Limit		Aggregate
Limit
01/01/2010-12/31/2010Everest Re44.0 %Bermuda ReProperty / Casualty Business150325
01/01/2011-12/31/2011Everest Re50.0 %Bermuda ReProperty / Casualty Business150300
01/01/2012-12/31/2014Everest Re50.0 %Bermuda ReProperty / Casualty Business100200
01/01/2015-12/31/2016Everest Re50.0 %Bermuda ReProperty / Casualty Business163325
01/01/2017-12/31/2017Everest Re60.0 %Bermuda ReProperty / Casualty Business219438
01/01/2010-12/31/2010Everest Re- Canadian Branch60.0 %Bermuda ReProperty Business350
(1)
0
01/01/2011-12/31/2011Everest Re- Canadian Branch60.0 %Bermuda ReProperty Business350
(1)
0
01/01/2012-12/31/2012Everest Re- Canadian Branch75.0 %Bermuda ReProperty / Casualty Business206
(1)
413
(1)
01/01/2013-12/31/2013Everest Re- Canadian Branch75.0 %Bermuda ReProperty / Casualty Business150
(1)
413
(1)
01/01/2014-12/31/2017Everest Re- Canadian Branch75.0 %Bermuda ReProperty / Casualty Business263
(1)
413
(1)
01/01/2012-12/31/2017Everest Canada80.0 %
Everest Re- Canadian Branch
Property Business-0
01/01/2020Everest International Assurance100.0 %Bermuda ReLife Business-0
(1)Amounts shown are Canadian dollars.
Schedule Of Loss Portfolio Transfer Reinsurance Agreements, Net Insurance Exposures And Reserves Were Transferred To An Affiliate
The table below represents loss portfolio transfer (“LPT”) reinsurance agreements whereby net insurance exposures and reserves were transferred to an affiliate.
(Dollars in millions)
Effective
Date		Transferring
Company		Assuming
Company		% of Business or
Amount of Transfer		Covered Period
of Transfer
10/01/2001Everest Re (Belgium Branch)Bermuda Re100 %All years
10/01/2008Everest ReBermuda Re$747 
01/01/2002-12/31/2007
12/31/2017Everest ReBermuda Re$970 All years
Schedule of Premiums And Losses Ceded By The Company To Affiliate
The following tables summarize the significant premiums and losses ceded and assumed by the Company in transactions with affiliated entities for the periods indicated:
Bermuda ReYears Ended December 31,
(Dollars in millions)202320222021
Ceded written premiums$432 $372 $303 
Ceded earned premiums431 371 300 
Ceded losses and LAE(15)(16)(59)
Assumed written premiums4 3 5 
Assumed earned premiums4 5 4 
Ireland ReYears Ended December 31,
(Dollars in millions)202320222021
Assumed written premiums$13 $10 $16 
Assumed earned premiums12 10 15 
Assumed losses and LAE2 23 64 
Ireland InsuranceYears Ended December 31,
(Dollars in millions)202320222021
Assumed written premiums$14 $9 $9 
Assumed earned premiums17 8 6 
Assumed losses and LAE7 5 3 
The following table summarizes the premiums and losses that are ceded by the Company to Mt. Logan Re segregated accounts:
Mt. Logan Re Segregated AccountsYears Ended December 31,
(Dollars in millions)202320222021
Ceded written premiums$210 $170 $286 
Ceded earned premiums205 174 280 
Ceded losses and LAE31 150 194