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CREDIT FACILITIES (Tables)

3 Months Ended

Mar. 31, 2024

Line of Credit Facility [Abstract]

Schedule 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, 2024																		At December 31, 2023
Bank						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Wells Fargo Bank Bilateral LOC Agreement						$	500					$	478					12/31/2024						$	500					$	97					6/24/2024
												—																		71						6/28/2024
												—																		318						12/31/2024
												—																		—
						$	500					$	478											$	500					$	486

(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, 2024																		At December 31, 2023
Bank						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Bermuda Re Citibank LOC Facility- Committed						$	230					$	197					12/31/2024						$	230					$	—					1/21/2024
												—						1/21/2025												4						2/29/2024
												4						2/28/2025												1						3/1/2024
												1						3/1/2025												3						9/23/2024
												1						3/15/2025												1						12/1/2024
												—						3/16/2025												—						12/16/2024
												1						8/15/2025												—						12/20/2024
												3						9/23/2025												217						12/31/2024
												1						12/1/2025												1						8/15/2025
												—						12/16/2025
												—						12/20/2025
												3						12/31/2025
Bermuda Re Citibank LOC Facility - Uncommitted						140						107						12/31/2024						140						105						12/31/2024
												—						12/30/2027												7						12/30/2027
												7						3/30/2028
Total Citibank Bilateral Agreement						$	370					$	327											$	370					$	340

(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, 2024

At December 31, 2023

Bank

Commitment

In Use

Date of Expiry

Commitment

In Use

Date of Expiry

Bayerische Landesbank Bilateral Secured Credit Facility

$

200

$

188

12/31/2024

$

200

$

192

12/31/2024

(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, 2024

At December 31, 2023

Bank

Commitment

In Use

Date of Expiry

Commitment

In Use

Date of Expiry

Bayerische Landesbank Bilateral Unsecured LOC Agreement - Committed

$

150

$

150

12/31/2024

$

150

$

150

12/31/2024

(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, 2024

At December 31, 2023

Bank

Commitment

In Use

Date of Expiry

Commitment

In Use

Date of Expiry

Bermuda Re Lloyd's Bank Credit Facility-Committed

$

250

$

235

12/31/2024

$

250

$

235

12/31/2024

(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, 2024																		At December 31, 2023
Bank						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Bermuda Re Barclays Bilateral Letter of Credit Facility						$	200					$	150					12/30/2024						$	200					$	168					12/30/2024
												14																		14						12/31/2024
Total Bermuda Re Barclays Bilateral Letter of Credit Facility						$	200					$	164											$	200					$	182

The following table summarizes the outstanding letters of credit for the periods indicated:

(Dollars in millions)						At March 31, 2024																		At December 31, 2023
Bank						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Nordea Bank Letter of Credit Facility - Committed						$	200					$	200					12/31/2024						$	200					$	200					12/31/2024
Nordea Bank Letter of Credit Facility - Uncommitted						100						100						12/31/2024						100						100						12/31/2024
Total Nordea Bank ABP, NY LOC Facility						$	300					$	300											$	300					$	300

(Some amounts may not reconcile due to rounding.)

X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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X

- 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
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration