FEDERAL HOME LOAN BANK MEMBERSHIP	6 Months Ended
Jun. 30, 2025
Federal Home Loan Bank Membership [Abstract]
FEDERAL HOME LOAN BANK MEMBERSHIP	FEDERAL HOME LOAN BANK MEMBERSHIP Everest Re is a member of the Federal Home Loan Bank of New York (“FHLBNY”), which allows Everest Re to borrow up to 10% of its statutory admitted assets. As of June 30, 2025, Everest Re had admitted assets of approximately $32.3 billion which provides borrowing capacity in excess of $3.2 billion. As of June 30, 2025, Everest Re had $1.0 billion of borrowings outstanding, which begin to expire in 2025. Everest Re incurred interest expense of $12 million and $11 million for the three months ended June 30, 2025 and 2024, respectively. Everest Re incurred interest expense of $24 million and $22 million for the six months ended June 30, 2025 and 2024, respectively. The FHLBNY membership agreement requires that 4.5% of borrowed funds be used to acquire additional membership stock. Additionally, the FHLBNY membership requires that members must have sufficient qualifying collateral pledged. As of June 30, 2025, Everest Re had $1.3 billion of collateral pledged. See Note 10 of the Notes to these consolidated financial statements.

FEDERAL HOME LOAN BANK MEMBERSHIP

6 Months Ended

Jun. 30, 2025

Federal Home Loan Bank Membership [Abstract]

Everest Re is a member of the Federal Home Loan Bank of New York (“FHLBNY”), which allows Everest Re to borrow up to 10% of its statutory admitted assets. As of June 30, 2025, Everest Re had admitted assets of approximately $32.3 billion which provides borrowing capacity in excess of $3.2 billion. As of June 30, 2025, Everest Re had $1.0 billion of borrowings outstanding, which begin to expire in 2025. Everest Re incurred interest expense of $12 million and $11 million for the three months ended June 30, 2025 and 2024, respectively. Everest Re incurred interest expense of $24 million and $22 million for the six months ended June 30, 2025 and 2024, respectively. The FHLBNY membership agreement requires that 4.5% of borrowed funds be used to acquire additional membership stock. Additionally, the FHLBNY membership requires that members must have sufficient qualifying collateral pledged. As of June 30, 2025, Everest Re had $1.3 billion of collateral pledged. See Note 10 of the Notes to these consolidated financial statements.