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REINSURANCE (Tables)
 6 Months Ended
Jun. 30, 2024
Insurance [Abstract]  
Schedule of Reinsurance The effect of reinsurance on the applicable line items on Company’s statements of operations are as follows:
FOR THE PERIODS ENDED JUN. 30
US$ MILLIONS		Three Months EndedSix Months Ended
2024202320242023
Premiums earned:
Gross amounts, including reinsurance assumed$2,089 $1,441 $4,150 $2,528 
Reinsurance ceded(573)(342)(1,103)(629)
Net amount
$1,516 $1,099 $3,047 $1,899 
Other policy revenue:
Gross amounts, including reinsurance assumed$203 $103 $315 $200 
Reinsurance ceded(3)— (3)— 
Net amount$200 $103 $312 $200 
Policyholder benefits and claims incurred:
Gross amounts, including reinsurance assumed$(2,013)$(1,377)$(3,742)$(2,217)
Reinsurance ceded498 244 813 342 
Net amount$(1,515)$(1,133)$(2,929)$(1,875)
Interest sensitive contract benefits:
Gross amounts, including reinsurance assumed$(521)$(215)$(810)$(403)
Reinsurance ceded99 59 203 160 
Net amount$(422)$(156)$(607)$(243)
Change in fair value of market risk benefits:
Gross amounts, including reinsurance assumed$(161)$14 $(192)$8 
Reinsurance ceded(7)— (7)— 
Net amount$(168)$14 $(199)$8