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REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2023

Reinsurance Disclosures [Abstract]

Schedule of Premiums Written and Earned and Incurred Losses and LAE

Premiums written and earned and incurred losses and LAE are comprised of the following for the periods indicated:


			Years Ended December 31,
(Dollars in millions)			2023						2022						2021
Written premiums:
Direct			$	5,031					$	4,602					$	3,988
Assumed			11,606						9,350						9,062
Ceded			(1,907)						(1,608)						(1,604)
Net written premiums			$	14,730					$	12,344					$	11,446

Premiums earned:
Direct			$	4,733					$	4,218					$	3,589
Assumed			10,518						9,082						8,315
Ceded			(1,807)						(1,513)						(1,498)
Net premiums earned			$	13,443					$	11,787					$	10,406

Incurred losses and LAE:
Direct			$	3,209					$	2,804					$	2,385
Assumed			5,870						6,285						5,741
Ceded			(651)						(988)						(735)
Net incurred losses and LAE			$	8,427					$	8,100					$	7,391