v3.25.4
ACQUISITION OF VALIDUS - Schedule of Fair Value of Net Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Nov. 01, 2023
May 22, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Liabilities:            
Net fair value adjustment     $ 18,402,432 $ 16,822,101 $ 15,142,583 $ 11,181,648
Validus            
Assets:            
Cash and cash equivalents $ 301,253          
Investments trading 3,248,242          
Short term investments 1,659,902          
Investments in other ventures, under equity method 3,997          
Reinsurance premiums receivable 2,014,359          
Prepaid reinsurance premiums 126,750          
Losses recoverable 1,297,270          
Accrued investment income 21,441          
Deferred acquisition costs and value of business acquired 617,000          
Other assets 70,557          
Identifiable intangible assets 460,884   $ 318,328      
Total assets 9,821,655          
Liabilities:            
Reserve for claims and claim expenses 4,628,952          
Reserve for unearned premiums 1,804,029          
Reinsurance balances payable 298,003          
Accounts payable and accrued liabilities 120,994          
Deferred tax liability 39,157          
Total liabilities 6,891,135          
Total identifiable net assets acquired 2,930,520          
Total purchase price 3,020,168 $ 2,985,000        
Goodwill 89,648          
Net fair value adjustment 192,000          
Decrease to losses recoverable 76,800          
Decrease to reserve for claims and claim expense $ 268,900