v3.25.4
CREDIT FACILITIES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 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 $141 12/31/2026$500 $455 12/31/2025
Bermuda Re Wells Fargo Bank Bilateral LOC Facility - Unsecured Tranche175 140 12/31/2026
Total Bermuda Re Wells Fargo Bank Bilateral LOC Facility$350 $280 $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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Citibank LOC Facility - Committed$230 $— 1/21/2026$230 $— 01/21/2025
4 2/28/20264 02/28/2025
2 3/1/20262 3/1/2025
1 3/15/20261 3/15/2025
— 12/16/20263 9/23/2025
191 12/31/20261 12/1/2025
1 8/15/2027— 12/16/2025
3 9/23/2027— 12/20/2025
197 12/31/2025
1 8/15/2026
Bermuda Re Citibank LOC Facility - Uncommitted140 1 12/1/2026140 75 12/31/2025
— 12/20/20267 12/30/2028
42 12/31/2026
7 12/30/2029
Total Bermuda Re Citibank LOC Facility$370 $253 $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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Bayerische Landesbank Bilateral Secured Credit Facility - Committed$200 $123 12/31/2026$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 December 31, 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 12/31/2026$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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Lloyd's Bank Credit Facility - Committed$250 $67 10/22/2026$250 $244 12/31/2025
61 12/18/2026
107 12/31/2026
Total Bermuda Re Lloyd's Bank Credit Facility$250 $235 $250 $244 
(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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Bermuda Re Barclays Bilateral Letter of Credit Facility$200 $13 11/14/2026$200 $150 12/30/2025
— 5 12/31/2026— 14 12/31/2025
Total Bermuda Re Barclays Bilateral Letter of Credit Facility$200 $17 $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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Nordea Bank Letter of Credit Facility - Committed$200 $200 12/31/2026$200 $200 12/31/2025
Nordea Bank Letter of Credit Facility - Uncommitted100 100 12/31/2026100 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 December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Funds at Lloyds Syndicated Letter of Credit Facility£150 £143 11/1/2029£113 £107 11/1/2028
(Some amounts may not reconcile due to rounding.)
The following table summarizes the outstanding letters of credit for the periods indicated:
(Dollars and Euros in millions)At December 31, 2025At December 31, 2024
Letter of Credit FacilityCommitmentIn UseDate of ExpiryCommitmentIn UseDate of Expiry
Commerzbank Letter of Credit Facility€75 €51 1/30/2027€75 €20 12/31/2025
$25 12/31/2026
$— 12/26/2026
(Some amounts may not reconcile due to rounding.)