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DERIVATIVE FINANCIAL INSTRUMENTS - Nature and Accounting Treatment of Derivative Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Derivative [Line Items]    
Other long-term investments, Fair Value $ 1,624 $ 1,636
Embedded derivative - Modco reinsurance treaties    
Derivative [Line Items]    
Other long-term investments, Fair Value 68 101
Embedded derivative - GLWB    
Derivative [Line Items]    
Other long-term investments, Fair Value 161 138
Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Fair Value 60 60
Derivatives not designated as hedging instruments    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 20,210 17,464
Other long-term investments, Fair Value 1,624 1,636
Other liabilities. Notional Amount 24,029 24,713
Other liabilities, Fair Value 2,651 3,119
Derivatives not designated as hedging instruments | Interest rate swaps    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 1,448 1,478
Other long-term investments, Fair Value 104 185
Other liabilities. Notional Amount 1,384 1,354
Other liabilities, Fair Value 0 0
Derivatives not designated as hedging instruments | Total return swaps    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 361 158
Other long-term investments, Fair Value 8 2
Other liabilities. Notional Amount 926 1,003
Other liabilities, Fair Value 13 15
Derivatives not designated as hedging instruments | Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 4,272 4,076
Other long-term investments, Fair Value 0 0
Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 1,478 1,249
Other long-term investments, Fair Value 68 101
Other liabilities. Notional Amount 2,691 2,911
Other liabilities, Fair Value 229 389
Derivatives not designated as hedging instruments | Funds withheld derivative    
Derivative [Line Items]    
Other liabilities. Notional Amount 770 661
Other liabilities, Fair Value 12 10
Derivatives not designated as hedging instruments | Embedded derivative - GLWB    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 3,073 2,067
Other long-term investments, Fair Value 161 138
Other liabilities. Notional Amount 6,744 7,749
Other liabilities, Fair Value 579 960
Derivatives not designated as hedging instruments | Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 355 335
Other long-term investments, Fair Value 60 60
Other liabilities. Notional Amount 4,084 3,889
Other liabilities, Fair Value 643 633
Derivatives not designated as hedging instruments | Embedded derivative - IUL    
Derivative [Line Items]    
Other liabilities. Notional Amount 379 357
Other liabilities, Fair Value 179 201
Derivatives not designated as hedging instruments | Interest rate futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 990 690
Other long-term investments, Fair Value 20 4
Other liabilities. Notional Amount 383 415
Other liabilities, Fair Value 15 3
Derivatives not designated as hedging instruments | Equity futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 146 203
Other long-term investments, Fair Value 2 4
Other liabilities. Notional Amount 106 190
Other liabilities, Fair Value 2 5
Derivatives not designated as hedging instruments | Currency futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 200 0
Other long-term investments, Fair Value 3 0
Other liabilities. Notional Amount 0 264
Other liabilities, Fair Value 0 4
Derivatives not designated as hedging instruments | Equity options    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 7,887 7,208
Other long-term investments, Fair Value 1,198 1,142
Other liabilities. Notional Amount 6,107 5,499
Other liabilities, Fair Value 916 834
Derivatives not designated as hedging instruments | Other    
Derivative [Line Items]    
Other liabilities. Notional Amount 338 304
Other liabilities, Fair Value 56 55
Derivatives designated as hedging instrument | Cash flow hedges | Foreign currency swaps    
Derivative [Line Items]    
Other liabilities. Notional Amount 117 117
Other liabilities, Fair Value $ 7 $ 10