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SECURITIES LENDING (Tables)
 12 Months Ended
Dec. 31, 2023
Securities Lending [Abstract]  
Schedule of contractual gross and net securities borrowing and lending balances
The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of December 31, 2023 and 2022:
Gross amounts
recognized
Gross amounts offset in
the consolidated balance
sheets(1)
Net amounts included in
the consolidated balance
sheets
Amounts not offset in the
consolidated balance
sheets but eligible for
offsetting upon
counterparty default(2)
Net amounts
As of December 31, 2023
Securities borrowed$2,870,939 $— $2,870,939 $2,870,939 $— 
Securities loaned$2,859,306 $— $2,859,306 $2,859,306 $— 
As of December 31, 2022
Securities borrowed$2,343,327 $— $2,343,327 $2,343,327 $— 
Securities loaned$2,334,031 $— $2,334,031 $2,334,031 $— 
_______________________
(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.
(2)Includes the amount of cash collateral held/posted.
Schedule of contract value of securities leading transaction by type of collateral
The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of December 31, 2023 and 2022:

December 31, 2023December 31, 2022
Remaining contractual maturityRemaining contractual maturity
Overnight and continuousTotalOvernight and continuousTotal
Securities lending transactions
Corporate securities - fixed income$283,809 $283,809 $401,898 $401,898 
Equity securities2,575,919 2,575,919 1,925,549 1,925,549 
Non-US sovereign debt11,211 11,211 15,880 15,880 
Total borrowings$2,870,939 $2,870,939 $2,343,327 $2,343,327