v3.26.1
COLLATERALIZED REINSURANCE, TRUST AGREEMENTS AND OTHER RESTRICTED ASSETS (Tables)
 3 Months Ended
Mar. 31, 2026
Collateralized Reinsurance And Trust Agreements [Abstract]  
Schedule of Restricted Assets The following table summarizes the Company’s restricted assets:
At March 31,At December 31,
(Dollars in millions)
2026 (1)
2025
Collateral in trust for non-affiliated agreements$3,347 $3,363 
Collateral for secured letter of credit facilities662 739 
Collateral for FHLB borrowings1,357 1,418 
Securities on deposit with or regulated by government authorities1,398 1,417 
Funds at Lloyd's256 260 
Funds held by reinsureds1,395 1,326 
Total restricted assets8,414 8,522 
(1) As applicable, restricted assets summarized in the table above include assets classified as held-for-sale, which are reported within Other assets on the consolidated balance sheets as of March 31, 2026. See Note 6 of the Notes to these consolidated financial statements.
Schedule of Premiums and Losses Ceded
The following table summarizes the premiums and losses that are ceded by the Company to Mt. Logan Re segregated accounts and assumed by the Company from Mt. Logan Re segregated accounts.
Three Months Ended
March 31,
Mt. Logan Re Segregated Accounts20262025
(Dollars in millions)
Ceded written premiums$118 $170 
Ceded earned premiums118 125 
Ceded losses and LAE30 121 
Assumed written premiums1 3 
Assumed earned premiums1 3 
Assumed losses and LAE— — 
Schedule of Collateralized Reinsurance Agreements The table below summarizes the various agreements.
(Dollars in millions)
ClassDescriptionEffective DateExpiration DateLimitCoverage Basis
Series 2021-1 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/2026150 Occurrence
Series 2021-1 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2021-1 Class C-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2024-1 Class AUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/27/20246/30/202875 Occurrence
Series 2024-1 Class BUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/27/20246/30/2028125 Occurrence
Series 2025-1 Class A-1US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/9/2029105 Aggregate
Series 2025-2 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/8/2030105 Aggregate
Series 2025-1 Class B-1US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/9/2029120 Aggregate
Series 2025-2 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/8/2030120 Aggregate
Series 2025-1 Class C-1US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/9/2029170 Occurrence
Series 2025-2 Class C-2US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/8/2030170 Occurrence
Series 2025-1 Class D-1US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/9/2029105 Occurrence
Series 2025-2 Class D-2US, Canada, Puerto Rico – Named Storm and Earthquake Events6/26/20257/8/2030105 Occurrence
Total available limit as of March 31, 2026$1,530