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REINSURANCE - Effect of Reinsurance (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Reinsurance Disclosures [Abstract]        
Direct charges and fee income $ 686 $ 678 $ 1,376 $ 1,352
Reinsurance assumed 4 3 4 4
Reinsurance ceded - Equitable America (352) (345) (679) (345)
Reinsurance ceded - third party (155) (153) (311) (304)
Policy charges and fee income 183 183 390 707
Direct premiums 191 203 393 408
Reinsurance assumed 18 44 57 96
Reinsurance ceded - Equitable America (35) (40) (80) (40)
Reinsurance ceded - third party (55) (51) (118) (111)
Premiums 119 156 252 353
Direct policyholders’ benefits 684 742 1,360 1,449
Reinsurance assumed 25 39 64 77
Reinsurance ceded - Equitable America (181) (264) (369) (264)
Reinsurance ceded - third party (178) (182) (338) (309)
Policyholders’ benefits 350 335 717 953
Direct Interest credited to policyholders’ account balances 484 490 962 953
Reinsurance assumed 0 0 0 0
Reinsurance ceded - Equitable America (152) (151) (306) (151)
Reinsurance ceded - third party (24) (27) (50) (55)
Interest credited to policyholders’ account balances $ 308 $ 312 $ 606 $ 747