Debt

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Debt Disclosure

FINANCING ACTIVITIES

On March 3, 2025, the Company issued 6.65% fixed-rate reset subordinated debentures due 2055 with a face amount of $700 million and will be used for general corporate purposes, including funding the Company’s obligations with respect to the pending reinsurance transactions disclosed in Note 15 – “Commitments, Contingencies and Guarantees.” Capitalized issuance costs are estimated as $9 million.