XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

CREDIT FACILITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Wells Fargo Bank Bilateral LOC Facility |  | $ | 500 |  |  | $ | 437 |  |  | 12/31/2024 |  | $ | 500 |  |  | $ | 97 |  |  | 6/24/2024
|  |  |  |  |  |  |  |  |  | 71 |  |  | 6/28/2024
|  |  |  |  |  |  |  |  |  | 318 |  |  | 12/31/2024
|  | $ | 500 |  |  | $ | 437 |  |  |  |  | $ | 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Citibank LOC Facility - Committed |  | $ | 230 |  |  | $ | 194 |  |  | 12/31/2024 |  | $ | 230 |  |  | $ | — |  |  | 1/21/2024
|  |  |  |  | — |  |  | 1/21/2025 |  |  |  |  | 4 |  |  | 2/29/2024
|  |  |  |  | 4 |  |  | 2/28/2025 |  |  |  |  | 1 |  |  | 3/1/2024
|  |  |  |  | 2 |  |  | 3/1/2025 |  |  |  |  | 3 |  |  | 9/23/2024
|  |  |  |  | 1 |  |  | 3/15/2025 |  |  |  |  | 1 |  |  | 12/1/2024
|  |  |  |  | 1 |  |  | 8/15/2025 |  |  |  |  | — |  |  | 12/16/2024
|  |  |  |  | 3 |  |  | 9/23/2025 |  |  |  |  | — |  |  | 12/20/2024
|  |  |  |  | 1 |  |  | 12/1/2025 |  |  |  |  | 217 |  |  | 12/31/2024
|  |  |  |  | — |  |  | 12/16/2025 |  |  |  |  | 1 |  |  | 8/15/2025
|  |  |  | — |  |  | 12/20/2025 |  |  |  |  |  |
|  |  |  | 4 |  |  | 12/31/2025 |  |  |  |  |  |
Bermuda Re Citibank LOC Facility - Uncommitted |  | 140 |  |  | 106 |  |  | 12/31/2024 |  | 140 |  |  | 105 |  |  | 12/31/2024
|  |  |  | — |  |  | 6/30/2028 |  |  |  | 7 |  |  | 12/30/2027
|  |  |  |  | 7 |  |  | 9/30/2028 |  |  |  |  |  |  |
Total Citibank Bilateral Agreement |  | $ | 370 |  |  | $ | 324 |  |  |  |  | $ | 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Bayerische Landesbank Bilateral Secured Credit Facility - Committed |  | $ | 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Bayerische Landesbank Bilateral Unsecured Credit Facility - 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | Commitment |  | In Use |  | Date of Expiry |  | Commitment |  | In Use |  | Date of Expiry
Bermuda Re Lloyd's Bank Credit Facility-Committed |  | $ | 250 |  |  | $ | 216 |  |  | 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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | 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 |  |  | 12/31/2024 |  |  |  | 14 |  |  | 12/31/2024
Total Bermuda Re Barclays Bilateral Letter of Credit Facility |  | $ | 200 |  |  | $ | 164 |  |  |  |  | $ | 200 |  |  | $ | 182 |  |  |
(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 September 30, 2024 |  | At December 31, 2023
Letter of Credit Facility |  | 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
Name: | us-gaap_LineOfCreditFacilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration