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REINSURANCE AND FINANCING TRANSACTIONS (Details) - USD ($)
6 Months Ended
Jan. 15, 2016
Jun. 30, 2016
Debt Instrument [Line Items]    
Increase in total assets   $ 2,800,000,000
Increase in assets resulting from reinsurance transaction   600,000,000
Increase in value of business acquired   280,000,000
Increase in assets associated with financing activities   $ 2,200,000,000
Financing Arrangement with Golden Gate and Syndicate if Risk Takers    
Debt Instrument [Line Items]    
Term of financing agreement 18 years  
Financing capacity under the arrangement $ 2,188,000,000.000  
Golden Gate    
Debt Instrument [Line Items]    
Extraordinary dividend 300,000,000  
Golden Gate | Non-recourse Funding Obligations Series    
Debt Instrument [Line Items]    
Outstanding non-recourse funding obligations 800,000,000  
Golden Gate | Surplus Notes | Steel City Notes    
Debt Instrument [Line Items]    
Amount of debt issued 2,188,000,000.000  
Steel City | Surplus Notes | Golden Gate Surplus Notes    
Debt Instrument [Line Items]    
Amount of debt issued $ 2,188,000,000.000