RELATED-PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Dividends Received on Preferred Shares

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


	Three Months Ended March 31,
(Dollars in millions)	2024		2023
Dividends received on preferred stock of affiliate	$	8	$	8

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

12/31/2017

Everest Re

Bermuda Re

970

All years

Schedule of Premiums and Losses Ceded by 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 Re	Three Months Ended March 31,
(Dollars in millions)	2024		2023
Ceded written premiums	$	116	$	106
Ceded earned premiums	116		106
Ceded losses and LAE	2		(4)

The following table summarizes the premiums and losses that are ceded by the Company to Mt. Logan Re segregated accounts:


Mt. Logan Re Segregated Accounts	Three Months Ended March 31,
(Dollars in millions)	2024		2023
Ceded written premiums	$	71	$	42
Ceded earned premiums	70		38
Ceded losses and LAE	19		13