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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
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Gross reserve beginning of period $ 15,796 $ 14,977    
Less reinsurance recoverables on unpaid losses (3,098) (3,586) $ (3,182) $ (3,684)
Net reserves beginning of period 12,851 11,729 12,614 11,294
Incurred related to:        
Current year 1,399 1,403    
Prior years (24) (9)    
Total incurred losses and LAE 1,375 1,394    
Paid related to:        
Current year 199 585    
Prior years 910 379    
Total paid losses and LAE 1,109 964    
Foreign exchange/translation adjustment (29) 5    
Net reserves end of period 12,851 11,729    
Plus (less) reinsurance recoverables on unpaid losses 3,098 3,586 $ 3,182 $ 3,684
Gross reserves end of period $ 15,949 $ 15,315