v3.26.1
RESERVE FOR LOSSES AND LAE - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 01, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Reserves For Losses And LAE [Line Items]            
Current year       $ 2,625 $ 3,375  
Prior year incurred unfavorable (favorable) development           $ (104)
Funds held under reinsurance treaties   $ 244   244   247
Funds held by reinsureds   410   410   372
Incurred losses and loss adjustment expenses   1,289 $ 1,532 2,520 3,400  
Ceded loss reserves   1,006   1,006   1,000
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | State National Reinsurer            
Reserves For Losses And LAE [Line Items]            
Lumpsum annuities ( in percent) 85.70%          
Funds held under reinsurance agreement, excess of liability $ 600          
Reinsurance agreements       592   597
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | MS Transverse Reinsurance            
Reserves For Losses And LAE [Line Items]            
Payments for coverage $ 122          
Lumpsum annuities ( in percent) 80.00%          
Funds held under reinsurance agreement, excess of liability $ 400          
Reinsurance agreements       400   400
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Group, Ltd.            
Reserves For Losses And LAE [Line Items]            
Funds held under reinsurance treaties 5,400          
Deferred gain   8   8   3
Losses ceded       1,260   1,250
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Group, Ltd. | State National Reinsurer            
Reserves For Losses And LAE [Line Items]            
Payments for coverage 1,300          
Co-participation per layer 1,300          
Funds held by reinsureds 250          
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Group, Ltd. | MS Transverse Reinsurance            
Reserves For Losses And LAE [Line Items]            
Payments for coverage 122          
Incurred losses and loss adjustment expenses 122          
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Reinsurance Holdings, Inc            
Reserves For Losses And LAE [Line Items]            
Deferred gain   $ 6   6   3
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Reinsurance Holdings, Inc | State National Reinsurer            
Reserves For Losses And LAE [Line Items]            
Payments for coverage 1,000          
Co-participation per layer 1,000          
Funds held by reinsureds 201          
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | Everest Reinsurance Holdings, Inc | MS Transverse Reinsurance            
Reserves For Losses And LAE [Line Items]            
Payments for coverage $ 44          
Higher Premiums Earned            
Reserves For Losses And LAE [Line Items]            
Current year incurred losses       369    
Catastrophe Losses            
Reserves For Losses And LAE [Line Items]            
Current year       113 495  
Current year incurred losses       382    
Prior year incurred unfavorable (favorable) development           (42)
Hurricanes, Typhoons, Cyclones And Other Weather Related Events            
Reserves For Losses And LAE [Line Items]            
Current year       106    
Foreign Conflict            
Reserves For Losses And LAE [Line Items]            
Current year       $ 7    
Catastrophe Losses, WildFires            
Reserves For Losses And LAE [Line Items]            
Current year         462  
Earthquake            
Reserves For Losses And LAE [Line Items]            
Current year         20  
Catastrophe Losses, Other Weather Related Events            
Reserves For Losses And LAE [Line Items]            
Current year         $ 12  
Attritional Losses            
Reserves For Losses And LAE [Line Items]            
Prior year incurred unfavorable (favorable) development           (62)
Well-Seasoned Reserves            
Reserves For Losses And LAE [Line Items]            
Prior year incurred unfavorable (favorable) development           (76)
Baltimore Bridge Collapse            
Reserves For Losses And LAE [Line Items]            
Prior year incurred unfavorable (favorable) development           $ 33