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RESERVES FOR LOSSES AND LAE - Schedule of Activity in the Reserve for Losses and Loss Adjustment Expenses (“LAE”) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Gross reserves beginning of period $ 14,977 $ 13,121 $ 11,578  
Less reinsurance recoverables on unpaid losses (3,684) (3,651) (3,951)  
Net reserves beginning of period 12,614 11,294 9,470 $ 7,627
Current year 5,599 5,815 5,382  
Prior years (21) 7 5  
Total incurred losses and LAE 5,578 5,823 5,387  
Current year 1,169 1,097 2,374  
Prior years 3,128 2,867 1,127  
Total paid losses and LAE 4,298 3,964 3,501  
Foreign exchange/translation adjustment 40 (35) (42)  
Net reserves end of period 12,614 11,294 9,470  
Plus reinsurance recoverables on unpaid losses 3,182 3,684 3,651  
Gross reserves end of period $ 15,796 $ 14,977 $ 13,121