| Schedule of Restricted Assets |
The following table summarizes the Company’s restricted assets: | | | | | | | | | | | | | At June 30, | | At December 31, | | (Dollars in millions) | 2026 (1) | | 2025 | | Collateral in trust for non-affiliated agreements | $ | 3,268 | | | $ | 3,363 | | | Collateral for secured letter of credit facilities | 787 | | | 739 | | | Collateral for FHLB borrowings | 1,309 | | | 1,418 | | | Securities on deposit with or regulated by government authorities | 1,369 | | | 1,417 | | | Funds at Lloyd's | 258 | | | 260 | | | Funds held by reinsureds | 1,408 | | | 1,326 | | | Prepaid employee benefit asset | 95 | | | — | | | Total restricted assets | 8,495 | | | 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 June 30, 2026. See Note 6 of the Notes to these consolidated financial statements.
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| 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
June 30, | | Six Months Ended
June 30, | | Mt. Logan Re Segregated Accounts | 2026 | | 2025 | | 2026 | | 2025 | | (Dollars in millions) | | | | | | | | | Ceded written premiums | $ | 92 | | | $ | 80 | | | $ | 210 | | | $ | 250 | | | Ceded earned premiums | 92 | | | 92 | | | 210 | | | 216 | | | Ceded losses and LAE | 12 | | | — | | | 42 | | | 121 | | | | | | | | | | | Assumed written premiums | 1 | | | 2 | | | 1 | | | 5 | | | Assumed earned premiums | 1 | | | 2 | | | 1 | | | 5 | | | Assumed losses and LAE | — | | | — | | | — | | | — | |
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| Schedule of Collateralized Reinsurance Agreements |
The table below summarizes the various agreements. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | | | | | | | | | | | Class | | Description | | Effective Date | | Expiration Date | | Limit | | Coverage Basis | | Series 2024-1 Class A | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/27/2024 | | 6/30/2028 | | 75 | | | Occurrence | | Series 2024-1 Class B | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/27/2024 | | 6/30/2028 | | 125 | | | Occurrence | | Series 2025-1 Class A-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/9/2029 | | 105 | | | Aggregate | | Series 2025-2 Class A-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/8/2030 | | 105 | | | Aggregate | | Series 2025-1 Class B-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/9/2029 | | 120 | | | Aggregate | | Series 2025-2 Class B-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/8/2030 | | 120 | | | Aggregate | | Series 2025-1 Class C-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/9/2029 | | 170 | | | Occurrence | | Series 2025-2 Class C-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/8/2030 | | 170 | | | Occurrence | | Series 2025-1 Class D-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/9/2029 | | 105 | | | Occurrence | | Series 2025-2 Class D-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 6/26/2025 | | 7/8/2030 | | 105 | | | Occurrence | | Series 2026-1 Class B-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2029 | | 70 | | | Aggregate | | Series 2026-1 Class C-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2029 | | 60 | | | Occurrence | | Series 2026-1 Class D-1 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2029 | | 220 | | | Occurrence | | Series 2026-2 Class A-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2030 | | 50 | | | Aggregate | | Series 2026-2 Class B-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2030 | | 60 | | | Aggregate | | Series 2026-2 Class D-2 | | US, Canada, Puerto Rico – Named Storm and Earthquake Events | | 7/1/2026 | | 6/30/2030 | | 170 | | | Occurrence | | | Total available limit | | | | | | $ | 1,830 | | | |
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