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SECURITIES LENDING (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024 and December 31, 2023:
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 March 31, 2024
   
Securities borrowed$2,050,079 $— $2,050,079 $2,050,079 $— 
Securities loaned$2,041,169 $— $2,041,169 $2,041,169 $— 
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 $— 
_________________________
(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 March 31, 2024 and December 31, 2023:

March 31, 2024December 31, 2023
Remaining contractual maturityRemaining contractual maturity
Overnight and continuousTotalOvernight and continuousTotal
Securities lending transactions
Corporate securities - fixed income$188,168 $188,168 $283,809 $283,809 
Equity securities1,847,793 1,847,793 2,575,919 2,575,919 
Non-US sovereign debt14,118 14,118 11,211 11,211 
Total borrowings$2,050,079 $2,050,079 $2,870,939 $2,870,939