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v3.23.1

SENIOR NOTES (Tables) | 3 Months Ended
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Mar. 31, 2023
Senior Notes [Abstract] |
Schedule of Outstanding Senior Notes | The table below displays Everest Reinsurance Holdings’ (“Holdings”) outstanding senior notes. Fair value is based on quoted market prices, but due to limited trading activity, these senior notes are considered Level 2 in the fair value hierarchy.
|  |  |  |  |  |  | March 31, 2023 |  | December 31, 2022
(Dollars in millions) | Date Issued |  | Date Due |  | Principal Amounts |  | Consolidated Balance Sheet Amount |  | Fair Value |  | Consolidated Balance Sheet Amount |  | Fair Value
4.868% Senior notes | 6/5/2014 |  | 6/1/2044 |  | $ | 400 |  |  | $ | 397 |  |  | $ | 373 |  |  | $ | 397 |  |  | $ | 343 |
3.5% Senior notes | 10/7/2020 |  | 10/15/2050 |  | 1,000 |  |  | 981 |  |  | 728 |  |  | 981 |  |  | 677 |
3.125% Senior notes | 10/4/2021 |  | 10/15/2052 |  | 1,000 |  |  | 969 |  |  | 677 |  |  | 969 |  |  | 627 |
|  |  |  |  | $ | 2,400 |  |  | $ | 2,348 |  |  | $ | 1,778 |  |  | $ | 2,347 |  |  | $ | 1,647 |
(Some amounts may not reconcile due to rounding.)
Schedule of Interest Expense Incurred in Connection with Senior Notes | Interest expense incurred in connection with these senior notes is as follows for the periods indicated:
|  |  |  |  |  |  | Three Months Ended March 31,
(Dollars in millions) | Interest Paid |  | Payable Dates |  |  |  |  |  | 2023 |  | 2022
4.868% Senior notes | semi-annually |  | June 1/ December 1 |  |  |  |  |  | $ | 5 |  |  | $ | 5 |
3.5% Senior notes | semi-annually |  | April 15/October 15 |  |  |  |  |  | 9 |  |  | 9 |
3.125% Senior notes | semi-annually |  | April 15/October 15 |  |  |  |  |  | 8 |  |  | 8 |
|  |  |  |  |  |  |  |  | $ | 22 |  |  | $ | 22 |
(Some amounts may not reconcile due to rounding.)

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