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CAPITAL AND REGULATORY REQUIREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
CAPITAL AND REGULATORY REQUIREMENTS |
Schedule of Ordinary Dividend Capacity | Without prior regulatory approval, and subject to maintaining certain solvency requirements, Global Atlantic's U.S. and Bermuda insurance subsidiaries, may declare ordinary dividends during 2023, as follows:
|  | Ordinary dividend capacity |  |
($ in thousands) |  |  |  |
U.S. domiciled |  |  |  |
Commonwealth Annuity and Life Insurance Company |  | $ | 69,261 |  |  |
Bermuda domiciled |  |  |  |
Global Atlantic Re Limited(1) |  | $ | 619,408 |  |  |
Global Atlantic Assurance Limited |  | 313,854 |  |  |
(1)Dividends paid by Global Atlantic Re Limited may be subject to a 30% U.S. withholding tax.

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