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REINSURANCE (Tables)
 6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Schedule of Reinsurance The effect of reinsurance on the applicable line items on our statements of operations are as follows:
FOR THE PERIODS ENDED JUN. 30
US$ MILLIONS		Three Months EndedSix Months Ended
2025202420252024
Premiums earned:
Gross amounts, including reinsurance assumed$1,386 $2,089 $2,876 $4,150 
Reinsurance ceded(357)(573)(725)(1,103)
Net amount$1,029 $1,516 $2,151 $3,047 
Other policy revenue:
Gross amounts, including reinsurance assumed$281 $203 $538 $315 
Reinsurance ceded(81)(3)(159)(3)
Net amount$200 $200 $379 $312 
Policyholder benefits and claims incurred:
Gross amounts, including reinsurance assumed$(1,468)$(2,013)$(2,877)$(3,742)
Reinsurance ceded389 498 691 813 
Net amount$(1,079)$(1,515)$(2,186)$(2,929)
Interest sensitive contract benefits:
Gross amounts, including reinsurance assumed$(556)$(521)$(1,118)$(810)
Reinsurance ceded59 99 97 203 
Net amount$(497)$(422)$(1,021)$(607)
Change in fair value of market risk benefits:
Gross amounts, including reinsurance assumed$25 $(161)$(367)$(192)
Reinsurance ceded21 (7)52 (7)
Net amount$46 $(168)$(315)$(199)