COLLATERALIZED REINSURANCE, TRUST AGREEMENTS AND OTHER RESTRICTED ASSETS - Schedule of Restricted Assets (Details) - USD ($) $ in Millions |
Jun. 30, 2025 |
Dec. 31, 2024 |
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Effects of Reinsurance [Line Items] | ||
Collateral for FHLB borrowings | $ 1,321 | $ 1,294 |
Securities on deposit with or regulated by government authorities | 1,450 | 1,406 |
Funds held by reinsureds | 341 | 336 |
Total restricted assets | 5,145 | 5,055 |
Restricted cash | 203 | 170 |
Unaffiliated Party | ||
Effects of Reinsurance [Line Items] | ||
Collateral in trust for non-affiliated agreements | 1,257 | 1,286 |
Affiliated Entity | ||
Effects of Reinsurance [Line Items] | ||
Collateral in trust for non-affiliated agreements | $ 776 | $ 732 |
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- Definition The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying amount as of the balance sheet date of cash collateral held for borrowed securities, for which the cash is restricted as to withdrawal or usage. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of securities on deposit with clearing organizations and other entities which provide services necessary to operations of the Company. This item would include, for instance, securities advanced as refundable collateral for securities borrowed. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of the reinsurer's funds held on its behalf by the ceding insurer, including funds held in trust, under reinsurance treaties or contracts with the assuming insurer as security for the payment of the obligations thereunder. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cash and investments whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. For use in an unclassified balance sheet. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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