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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
22)     SUBSEQUENT EVENTS
ASR
In September 2025, Holdings established an obligation to enter into an ASR with a third-party financial institution to repurchase an aggregate of $125 million of Holdings’ common stock. Pursuant to the ASR, on October 2, 2025, Holdings made a pre-payment of $125 million and received initial delivery of 2.0 million shares. The ASR terminated in October 2025, at which time an additional 520,342 shares of common stock were received.
Funding Agreement
In October 2025, the Company received proceeds of $678 million from the issuance of a funding agreement to an SPV as part of our spread lending activities. The funding agreement matures in November 2033 and will be reported in Policyholders’ account balances in the consolidated balance sheets in subsequent periods.