COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2023

Other Comprehensive Income (Loss), Tax [Abstract]

Schedule of Components of Comprehensive Income (Loss) in the Consolidated Statements of Operations

The following table presents the components of comprehensive income (loss) in the consolidated statements of operations for the periods indicated:

	December 31, 2023						December 31, 2022						December 31, 2021
(Dollars in millions)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
URA(D) on securities - temporary	$	473	(99)		$	374	$	(1,280)	269		$	(1,011)	$	(254)	53		$	(200)
Reclassification of net realized losses (gains) included in net income (loss)	193		(41)		153		93		(20)		73		12		(3)		9
Foreign currency translation adjustments	22		(5)		17		(23)		5		(18)		(11)		2		(9)
Benefit plan actuarial net gain (loss)	19		(4)		15		18		(4)		15		22		(5)		17
Reclassification of amortization of net gain (loss) included in net income (loss)	2		—		2		3		(1)		2		8		(2)		6
Total other comprehensive income (loss)	$	710	$	(149)	$	561	$	(1,189)	$	249	$	(939)	$	(223)	$	47	$	(177)

(Some amounts may not reconcile due to rounding)

Schedule of Reclassification from Accumulated Other Comprehensive Income

The following table presents details of the amounts reclassified from AOCI for the periods indicated:

	Years Ended December 31,				Affected line item within the statements of operations and comprehensive income (loss)
AOCI component	2023		2022
(Dollars in millions)
URA(D) on securities	$	193	$	93	Other net realized capital gains (losses)
	(41)		(20)		Income tax expense (benefit)
	$	153	$	73	Net income (loss)
Benefit plan net gain (loss)	$	2	$	3	Other underwriting expenses
	—		(1)		Income tax expense (benefit)
	$	2	$	2	Net income (loss)

(Some amounts may not reconcile due to rounding)

Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Tax, in the Consolidated Balance Sheets

The following table presents the components of accumulated other comprehensive income (loss), net of tax, in the consolidated balance sheets for the periods indicated:

	Years Ended December 31,
(Dollars in millions)	2023		2022
Beginning balance of URA(D) on securities	$	(816)	$	122
Current period change in URA(D) of investments -  temporary	527		(938)
Ending balance of URA(D) on securities	(289)		(816)
Beginning balance of foreign currency translation adjustments	2		20
Current period change in foreign currency translation adjustments	17		(18)
Ending balance of foreign currency translation adjustments	19		2
Beginning balance of benefit plan net gain (loss)	(33)		(50)
Current period change in benefit plan net gain (loss)	17		17
Ending balance of benefit plan net gain (loss)	(16)		(33)
Ending balance of accumulated other comprehensive income (loss)	$	(287)	$	(848)

(Some amounts may not reconcile due to rounding)