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INCOME TAXES - Schedule of Net Deferred Income Tax Assets/(Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets:    
Bermuda intangible asset $ 536 $ 0
Loss reserves 270 154
Unearned premium reserves 143 114
Net unrealized investment losses 67 218
Depreciation 44 0
Lease liability 27 29
Net operating loss carryforward 18 28
Net Unrealized foreign currency losses 15 24
Investment impairments 12 12
Equity compensation 8 8
Net unrealized losses on benefit plans 4 9
Uncollectible reinsurance reserves 3 3
Foreign tax credits 0 3
Other assets 22 10
Total deferred tax assets 1,169 611
Deferred tax liabilities:    
Deferred acquisition costs 139 105
Net fair value income 74 7
Partnership investments 49 56
Right of use asset 23 25
Benefit plan asset 3 3
Depreciation 0 16
Other liabilities 11 8
Total deferred tax liabilities 299 220
Net deferred tax assets 870 392
Less:  Valuation allowance (15) (25)
Total net deferred tax assets/(liabilities) $ 855 $ 367