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REINSURANCE - Effect of Reinsurance (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Reinsurance Disclosures [Abstract]        
Direct charges and fee income $ 681 $ 683 $ 2,033 $ 2,117
Reinsurance assumed 4 5 8 8
Reinsurance ceded - Equitable America (340) 0 (685) 0
Reinsurance ceded - third party (152) (139) (456) (423)
Policy charges and fee income 193 549 900 1,702
Direct premiums 199 194 607 572
Reinsurance assumed 40 51 136 138
Reinsurance ceded - Equitable America (78) 0 (118) 0
Reinsurance ceded - third party (59) (52) (170) (162)
Premiums 102 193 455 548
Direct policyholders’ benefits 673 674 2,122 2,046
Reinsurance assumed 29 46 106 151
Reinsurance ceded - Equitable America (146) 0 (410) 0
Reinsurance ceded - third party (138) (197) (447) (469)
Policyholders’ benefits 418 523 1,371 1,728
Direct Interest credited to policyholders’ account balances 505 352 1,458 944
Reinsurance assumed 0 0 0 0
Reinsurance ceded - Equitable America (155) 0 (306) 0
Reinsurance ceded - third party (27) 0 (82) (17)
Interest credited to policyholders’ account balances $ 323 $ 352 $ 1,070 $ 927