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v3.23.1

CREDIT FACILITIES (Tables) | 3 Months Ended
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Mar. 31, 2023
Line of Credit Facility [Abstract] |
Summary of Outstanding Letters of Credit and Borrowings | The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Wells Fargo Bank Bilateral LOC Agreement |  | $ | 500 |  |  | $ | 445 |  |  | 12/29/2023 |  | $ | 500 |  |  | $ | 463 |  |  | 12/29/2023
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Citibank LOC Facility- Committed |  | $ | 230 |  |  | $ | 1 |  |  | 8/15/2023 |  | $ | 230 |  |  | $ | 1 |  |  | 1/1/2023
|  | — |  |  | 3 |  |  | 9/23/2023 |  | — |  |  | 4 |  |  | 2/28/2023
|  | — |  |  | 217 |  |  | 12/31/2023 |  | — |  |  | 1 |  |  | 3/1/2023
|  | — |  |  | 4 |  |  | 2/29/2024 |  | — |  |  | 1 |  |  | 8/15/2023
|  | — |  |  | 1 |  |  | 3/1/2024 |  | — |  |  | 3 |  |  | 9/23/2023
|  | — |  |  | 1 |  |  | 12/1/2024 |  | — |  |  | 212 |  |  | 12/31/2023
Bermuda Re Citibank LOC Facility - Uncommitted |  | 140 |  |  | 106 |  |  | 12/31/2023 |  | 140 |  |  | 87 |  |  | 12/31/2023
|  | — |  |  | 18 |  |  | 3/30/2027 |  | — |  |  | 18 |  |  | 12/30/2026
Total Citibank Bilateral Agreement |  | $ | 370 |  |  | $ | 353 |  |  |  |  | $ | 370 |  |  | $ | 329 |  |  |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bayerische Landesbank Bilateral Secured Credit Facility |  | $ | 200 |  |  | $ | 175 |  |  | 12/31/2023 |  | $ | 200 |  |  | $ | 183 |  |  | 12/31/2023
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bayerische Landesbank Bilateral Unsecured LOC Agreement - Committed |  | $ | 150 |  |  | $ | 150 |  |  | 12/31/2023 |  | $ | 150 |  |  | $ | 150 |  |  | 12/31/2023
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Lloyd's Bank Credit Facility-Committed |  | $ | 50 |  |  | $ | 50 |  |  | 12/31/2023 |  | $ | 50 |  |  | $ | 50 |  |  | 12/31/2023
Bermuda Re Lloyd's Bank Credit Facility-Uncommitted |  | 200 |  |  | 156 |  |  | 12/31/2023 |  | 200 |  |  | 136 |  |  | 45291
Total Bermuda Re Lloyd's Bank Credit Facility |  | $ | 250 |  |  | $ | 206 |  |  |  |  | $ | 250 |  |  | $ | 186 |  |  |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Barclays Bilateral Letter of Credit Facility |  | $ | 200 |  |  | $ | 179 |  |  | 12/31/2023 |  | $ | 200 |  |  | $ | 179 |  |  | 12/31/2023
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions) |  | At March 31, 2023 |  | At December 31, 2022
Bank |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Nordea Bank ABP, NY Unsecured LOC Facility - Committed |  | $ | 200 |  |  | $ | 200 |  |  | 12/31/2023 |  | $ | 200 |  |  | $ | 50 |  |  | 12/31/2023
Nordea Bank ABP, NY Unsecured LOC Facility - Uncommitted |  | 100 |  |  | 100 |  |  | 12/31/2023 |  | 100 |  |  | 100 |  |  | 12/31/2023
Total Nordea Bank ABP, NY LOC Facility |  | $ | 300 |  |  | $ | 300 |  |  |  |  | $ | 300 |  |  | $ | 150 |  |  |
(Some amounts may not reconcile due to rounding.)

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- References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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