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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Market Risk Benefit [Roll Forward]        
Benefit payments     $ 13 $ 194
GMxB Core | Individual Retirement        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year $ 328 $ 333 578 539
Beginning balance before changes in the instrument specific credit risk 97 560 324 538
Model changes and effect of changes in cash flow assumptions 0 0 0 0
Actual market movement effect (3) (116) (154) (322)
Interest accrual 15 19 30 37
Attributed fees accrued 107 110 199 204
Benefit payments (11) (12) (21) (24)
Actual policyholder behavior different from expected behavior 6 3 9 8
Changes in future economic assumptions (60) (193) (236) (70)
Issuances 0 (1) 0 (1)
Ending balance before changes in the instrument-specific credit risk 151 370 151 370
Changes in the instrument-specific credit risk 268 (215) 268 (215)
Balance, end of year $ 419 $ 155 $ 419 $ 155
Weighted-average age of policyholders (years) 65 years 64 years 65 years 64 years
Net amount at risk $ 2,866 $ 3,159 $ 2,866 $ 3,159
Purchased MRB Core | Individual Retirement        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year (900) 0 (1,180) 0
Beginning balance before changes in the instrument specific credit risk (992) 0 (1,266) 0
Model changes and effect of changes in cash flow assumptions 0 0 0 0
Actual market movement effect (2) 105 145 105
Interest accrual (5) (9) (9) (9)
Attributed fees accrued (95) (99) (178) (99)
Benefit payments 11 12 21 12
Actual policyholder behavior different from expected behavior (1) (4) 0 (4)
Changes in future economic assumptions 53 217 256 217
Issuances 1 (1,294) 1 (1,294)
Ending balance before changes in the instrument-specific credit risk (1,030) (1,072) (1,030) (1,072)
Changes in the instrument-specific credit risk 98 1 98 1
Balance, end of year $ (932) $ (1,071) $ (932) $ (1,071)
Weighted-average age of policyholders (years) 65 years 4 months 24 days 64 years 4 months 24 days 65 years 4 months 24 days 64 years 4 months 24 days
Net amount at risk $ 2,834 $ 3,072 $ 2,834 $ 3,072
Net GMxB Core | Individual Retirement        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year (572) 333 (602) 539
Beginning balance before changes in the instrument specific credit risk (895) 560 (942) 538
Model changes and effect of changes in cash flow assumptions 0 0 0 0
Actual market movement effect (5) (11) (9) (217)
Interest accrual 10 10 21 28
Attributed fees accrued 12 11 21 105
Benefit payments 0 0 0 (12)
Actual policyholder behavior different from expected behavior 5 (1) 9 4
Changes in future economic assumptions (7) 24 20 147
Issuances 1 (1,295) 1 (1,295)
Ending balance before changes in the instrument-specific credit risk (879) (702) (879) (702)
Changes in the instrument-specific credit risk 366 (214) 366 (214)
Balance, end of year (513) (916) (513) (916)
GMxB Legacy | Legacy Segment        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year 11,701 14,082 13,410 14,699
Beginning balance before changes in the instrument specific credit risk 11,326 15,599 13,020 15,314
Model changes and effect of changes in cash flow assumptions 0 0 0 0
Actual market movement effect 45 (637) (743) (1,381)
Interest accrual 153 195 314 392
Attributed fees accrued 198 208 398 418
Benefit payments (311) (345) (632) (687)
Actual policyholder behavior different from expected behavior 0 (6) (23) 15
Changes in future economic assumptions (514) (872) (1,437) 71
Issuances 0 0 0 0
Ending balance before changes in the instrument-specific credit risk 10,897 14,142 10,897 14,142
Changes in the instrument-specific credit risk 520 (1,422) 520 (1,422)
Balance, end of year $ 11,417 $ 12,720 $ 11,417 $ 12,720
Weighted-average age of policyholders (years) 73 years 3 months 18 days 72 years 9 months 18 days 73 years 3 months 18 days 72 years 9 months 18 days
Net amount at risk $ 19,710 $ 22,195 $ 19,710 $ 22,195
Purchased MRB Legacy | Legacy Segment        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year (13,783) (10,746) (15,519) (10,492)
Beginning balance before changes in the instrument specific credit risk (13,819) (10,648) (15,543) (10,438)
Model changes and effect of changes in cash flow assumptions 0 0 1 0
Actual market movement effect (10) 585 736 978
Interest accrual (163) (202) (331) (358)
Attributed fees accrued (146) (155) (300) (238)
Benefit payments 304 338 618 523
Actual policyholder behavior different from expected behavior (5) (3) 8 (20)
Changes in future economic assumptions 537 822 1,509 290
Issuances 0 (6,865) 0 (6,865)
Ending balance before changes in the instrument-specific credit risk (13,302) (16,128) (13,302) (16,128)
Changes in the instrument-specific credit risk 48 (95) 48 (95)
Balance, end of year $ (13,254) $ (16,223) $ (13,254) $ (16,223)
Weighted-average age of policyholders (years) 73 years 8 months 12 days 73 years 73 years 8 months 12 days 73 years
Net amount at risk $ 19,397 $ 21,728 $ 19,397 $ 21,728
Net GMxB Legacy | Legacy Segment        
Market Risk Benefit [Roll Forward]        
Balance, beginning of year (2,082) 3,336 (2,109) 4,207
Beginning balance before changes in the instrument specific credit risk (2,493) 4,952 (2,523) 4,876
Model changes and effect of changes in cash flow assumptions 0 0 1 0
Actual market movement effect 35 (52) (7) (403)
Interest accrual (10) (7) (17) 34
Attributed fees accrued 52 53 98 180
Benefit payments (7) (7) (14) (164)
Actual policyholder behavior different from expected behavior (5) (9) (15) (5)
Changes in future economic assumptions 23 (50) 72 361
Issuances 0 (6,866) 0 (6,865)
Ending balance before changes in the instrument-specific credit risk (2,405) (1,986) (2,405) (1,986)
Changes in the instrument-specific credit risk 568 (1,517) 568 (1,517)
Balance, end of year $ (1,837) $ (3,503) $ (1,837) $ (3,503)