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OFFSETTING OF ASSETS AND LIABILITIES - Schedule of Derivative Instruments by Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Derivative instruments by assets    
Fair value of non-cash collateral $ 39,900 $ 21,300
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 1,172,964 995,493
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 1,172,964 995,493
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 328,282 452,562
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 404,541 215,587
Net Amount 440,141 327,344
Free-Standing derivatives    
Offsetting of Assets    
Gross Amounts of Recognized Assets, subject to master netting arrangement 897,057 785,650
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 897,057 785,650
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments, not subject to master netting arrangement 328,282 452,562
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 404,541 215,587
Net Amount 164,234 117,501
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Assets    
Gross Amounts of Recognized Assets, subject to master netting arrangement 897,057 785,650
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 897,057 785,650
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments, not subject to master netting arrangement 328,282 452,562
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 404,541 215,587
Net Amount 164,234 117,501
Embedded derivative - Modco reinsurance treaties    
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 64,758 31,926
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 64,758 31,926
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 0 0
Net Amount 64,758 31,926
Embedded derivative - GLWB    
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 45,636 62,538
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 45,636 62,538
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 0 0
Net Amount 45,636 62,538
Derivatives with PLC    
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 113,653 115,379
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 113,653 115,379
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 0 0
Net Amount 113,653 115,379
Other    
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 51,860 0
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 51,860 0
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 0 0
Net Amount 51,860 0
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Assets    
Gross Amounts of Recognized Assets, Derivatives Not Subject to a master netting arrangement 275,907 209,843
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Assets Presented in the Balance Sheets 275,907 209,843
Gross Amounts Not Offset in the statement of Financial Position, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash collateral received 0 0
Net Amount $ 275,907 $ 209,843