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REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2024

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)			2024						2023						2022
Written premiums:
Direct			$	5,115					$	5,031					$	4,602
Assumed			13,117						11,606						9,350
Ceded			(2,418)						(1,907)						(1,608)
Net written premiums			$	15,814					$	14,730					$	12,344

Premiums earned:
Direct			$	4,977					$	4,733					$	4,218
Assumed			12,458						10,518						9,082
Ceded			(2,248)						(1,807)						(1,513)
Net premiums earned			$	15,187					$	13,443					$	11,787

Incurred losses and LAE:
Direct			$	5,465					$	3,209					$	2,804
Assumed			7,464						5,870						6,285
Ceded			(1,624)						(651)						(988)
Net incurred losses and LAE			$	11,305					$	8,427					$	8,100