v3.25.3
CREDIT FACILITIES (Tables)
 9 Months Ended
Sep. 30, 2025
Line of Credit Facility [Abstract]  
Schedule of Outstanding Letters of Credit and Borrowings
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Wells Fargo Bank Bilateral LOC Facility - secured tranche$175 $158 12/31/2025$500 $455 12/31/2025
Bermuda Re Wells Fargo Bank Bilateral LOC Facility - unsecured tranche175 164 12/31/2025
Total Bermuda Re Wells Fargo Bank Bilateral LOC Facility$350 $323 $500 $455 
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Citibank LOC Facility - Committed$230 $198 12/31/2025$230 $— 1/21/2025
— 1/21/20264 2/28/2025
4 2/28/20262 3/1/2025
2 3/1/20261 3/15/2025
1 3/15/20263 9/23/2025
1 8/15/20261 12/1/2025
3 9/23/2026— 12/16/2025
1 12/1/2026— 12/20/2025
— 12/16/2026197 12/31/2025
— 12/20/20261 8/15/2026
2 12/31/2026
Bermuda Re Citibank LOC Facility - Uncommitted140 75 12/31/2025140 75 12/31/2025
8 9/30/20297 12/30/2028
 
Total Bermuda Re Citibank LOC Facility$370 $295 $370 $293 
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Bayerische Landesbank Bilateral Secured Credit Facility - Committed$200 $185 12/31/2025$200 $193 12/31/2025
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Bayerische Landesbank Bilateral Unsecured Credit Facility - Committed$150 $150 12/31/2025$150 $150 12/31/2025
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Lloyd's Bank Credit Facility - Committed$250 $196 12/31/2025$250 $244 12/31/2025
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Barclays Bilateral Letter of Credit Facility$200 $7 12/31/2025$200 $150 12/30/2025
14 12/31/2025
Total Bermuda Re Barclays Bilateral Letter of Credit Facility$200 $7 $200 $164 
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Nordea Bank Letter of Credit Facility - Committed$200 $200 12/31/2025$200 $200 12/31/2025
Nordea Bank Letter of Credit Facility - Uncommitted100 100 12/31/2025100 100 12/31/2025
Total Nordea Bank ABP, NY LOC Facility$300 $300 $300 $300 
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Pounds in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Funds at Lloyds Syndicated Letter of Credit Facility (1)
£113 £107 11/1/2028£113 £107 11/1/2028
(Some amounts may not reconcile due to rounding.)
(1) Effective October 20, 2025, Everest International, Lloyds Bank plc and the existing lenders entered into an amendment to the Funds at Lloyds Syndicated Letter of Credit Facility to, among others, increase the commitment amount for issuance of unsecured letters of credit to support the Funds at Lloyds requirements to up to £150 million.
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars and Euros in millions)At September 30, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Commerzbank Letter of Credit Facility€75 €48 12/31/2025€75 €20 12/31/2025
$21 12/31/2025
Some amounts may not reconcile due to rounding.)