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DIVIDEND RESTRICTIONS AND STATUTORY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] |
Schedule of Regulatory Targeted Capital and Actual Statutory Capital | The regulatory targeted capital and the actual statutory capital for Bermuda Re and Everest Re were as follows:
| Bermuda Re (1) |  | Everest Re (2)
| At December 31, |  | At December 31,
(Dollars in millions) | 2023⁽³⁾ |  | 2022 |  | 2023 |  | 2022
Regulatory targeted capital | $ | — |  |  | $ | 2,217 |  |  | $ | 4,242 |  |  | $ | 3,353 |
Actual capital | $ | 3,722 |  |  | $ | 2,759 |  |  | $ | 6,963 |  |  | $ | 5,553 |
(1)Regulatory targeted capital represents the target capital level from the applicable year's BSCR calculation. (2)Regulatory targeted capital represents 200% of the RBC authorized control level calculation for the applicable year. (3)The 2023 BSCR calculation is not yet due to be completed; however, the Company anticipates that Bermuda Re's December 31, 2023 actual capital will exceed the targeted capital level. In accordance with guidance issued by the BMA in February 2024, Bermuda Re has not reflected the impacts of the Economic Transition Adjustment recognized in response to the Bermuda Corporate Income Tax Act of 2023 (“the 2023 Act”) in its 2023 regulatory targeted capital or actual capital. The BMA expects to complete its assessment before the 2023 Act becomes effective and to issue directives within a timeline that will be compatible with the 2023 Act coming into effect.

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B + Details
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