RELATED-PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

The fair value of these long-term notes is considered Level 2 in the fair value hierarchy.


					December 31, 2023				December 31, 2022
(Dollars in millions)	Date Issued	Date Due	Principal Amounts		Consolidated Balance Sheet Amount		Fair Value		Consolidated Balance Sheet Amount		Fair Value
1.69% Long-term Note	12/17/2019	12/17/2028	$	300	$	—	$	—	$	300	$	242
1.00% Long-term Note	8/5/2021	8/5/2030	200		—		—		200		151
3.11% Long-term Note	6/14/2022	6/14/2052	215		—		—		215		171
4.34% Long-term Note	12/12/2022	12/12/2052	125		—		—		125		125
			$	840	$	—	$	—	$	840	$	689

(Some amounts may not reconcile due to rounding.)

Interest income recognized in connection with these long-term notes is as follows for the periods indicated:


			Years Ended December 31,
(Dollars in millions)	Interest Received	Receivable Dates	2023		2022		2021
1.69% Long-term Note	annually	December 17	$	2	$	5	$	5
1.00% Long-term Note	annually	August 5	1		2		1
3.11% Long-term Note	annually	June 14	5		4		—
4.34% Long-term Note	annually	December 12	—		—		—
			$	7	$	11	$	6

(Some amounts may not reconcile due to rounding.)

Schedule of Dividends Received on Preferred Shares

The following table presents the dividends received on the preferred shares of Preferred Holdings and on the Parent shares that are reported as net investment income in the consolidated statements of operations and comprehensive income (loss) for the periods indicated:


	Years Ended December 31,
(Dollars in millions)	2023		2022		2021
Dividends received on preferred stock of affiliate	$	31	$	31	$	31

Schedule of Expenses Incurred By Holdings From Services Provided By Affiliated Company

The following table presents the expenses incurred by Holdings from services provided by Everest Global for the periods indicated.


	Years Ended December 31,
(Dollars in millions)	2023		2022		2021
Expenses incurred	$	204	$	204	$	133