v3.26.1
REINSURANCE (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Reinsurance
The effect of reinsurance on the applicable line items on our statements of operations is as follows:
FOR THE PERIODS ENDED JUN. 30
US$ MILLIONS		Three Months EndedSix Months Ended
2026202520262025
Premiums earned:
Gross amounts, including reinsurance assumed$2,004 $1,386 $2,926 $2,876 
Reinsurance ceded(217)(357)(452)(725)
Net amount$1,787 $1,029 $2,474 $2,151 
Other policy revenue:
Gross amounts, including reinsurance assumed$273 $281 $510 $538 
Reinsurance ceded(52)(81)(104)(159)
Net amount$221 $200 $406 $379 
Policyholder benefits and claims incurred:
Gross amounts, including reinsurance assumed$(2,541)$(1,468)$(3,409)$(2,877)
Reinsurance ceded239 389 452 691 
Net amount$(2,302)$(1,079)$(2,957)$(2,186)
Interest sensitive contract benefits:
Gross amounts, including reinsurance assumed$(880)$(556)$(1,473)$(1,118)
Reinsurance ceded103 59 140 97 
Net amount$(777)$(497)$(1,333)$(1,021)
Change in fair value of market risk benefits:
Gross amounts, including reinsurance assumed$(118)$25 $(246)$(367)
Reinsurance ceded10 21 (1)52 
Net amount$(108)$46 $(247)$(315)