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CREDIT FACILITIES (Tables)

9 Months Ended

Sep. 30, 2025

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, 2025																		At December 31, 2024
Letter of Credit Facility						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Bermuda Re Wells Fargo Bank Bilateral LOC Facility - secured tranche						$	175					$	158					12/31/2025						$	500					$	455					12/31/2025
Bermuda Re Wells Fargo Bank Bilateral LOC Facility - unsecured tranche						175						164						12/31/2025
Total Bermuda Re Wells Fargo Bank Bilateral LOC Facility						$	350					$	323											$	500					$	455

(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, 2025																		At December 31, 2024
Letter of Credit Facility						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Bermuda Re Citibank LOC Facility - Committed						$	230					$	198					12/31/2025						$	230					$	—					1/21/2025
												—						1/21/2026												4						2/28/2025
												4						2/28/2026												2						3/1/2025
												2						3/1/2026												1						3/15/2025
												1						3/15/2026												3						9/23/2025
												1						8/15/2026												1						12/1/2025
												3						9/23/2026												—						12/16/2025
												1						12/1/2026												—						12/20/2025
												—						12/16/2026												197						12/31/2025
												—						12/20/2026												1						8/15/2026
												2						12/31/2026
Bermuda Re Citibank LOC Facility - Uncommitted						140						75						12/31/2025						140						75						12/31/2025
												8						9/30/2029												7						12/30/2028
Total Bermuda Re Citibank LOC Facility						$	370					$	295											$	370					$	293

(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, 2025

At December 31, 2024

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

$

185

12/31/2025

$

200

$

193

12/31/2025

(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, 2025

At December 31, 2024

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

12/31/2025

$

150

$

150

12/31/2025

(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, 2025

At December 31, 2024

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

$

196

12/31/2025

$

250

$

244

12/31/2025

(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, 2025																		At December 31, 2024
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					$	7					12/31/2025						$	200					$	150					12/30/2025
																														14						12/31/2025
Total Bermuda Re Barclays Bilateral Letter of Credit Facility						$	200					$	7											$	200					$	164

(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, 2025																		At December 31, 2024
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					12/31/2025						$	200					$	200					12/31/2025
Nordea Bank Letter of Credit Facility - Uncommitted						100						100						12/31/2025						100						100						12/31/2025
Total Nordea Bank ABP, NY LOC Facility						$	300					$	300											$	300					$	300

(Some amounts may not reconcile due to rounding.)

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

(Pounds in millions)

At September 30, 2025

At December 31, 2024

Letter of Credit Facility

Commitment

In Use

Date of Expiry

Commitment

In Use

Date of Expiry

Funds at Lloyds Syndicated Letter of Credit Facility (1)

£

113

£

107

11/1/2028

£

113

£

107

11/1/2028

(Some amounts may not reconcile due to rounding.)

(1) Effective October 20, 2025, Everest International, Lloyds Bank plc and the existing lenders entered into an amendment to the Funds at Lloyds Syndicated Letter of Credit Facility to, among others, increase the commitment amount for issuance of unsecured letters of credit to support the Funds at Lloyds requirements to up to £150 million.

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

(Dollars and Euros in millions)						At September 30, 2025																		At December 31, 2024
Letter of Credit Facility						Commitment						In Use						Date of Expiry						Commitment						In Use						Date of Expiry
Commerzbank Letter of Credit Facility						€	75					€	48					12/31/2025						€	75					€	20					12/31/2025
												$	21					12/31/2025

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
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