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DERIVATIVE FINANCIAL INSTRUMENTS - Nature and Accounting Treatment of Derivative Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Derivative [Line Items]    
Other long-term investments, Fair Value $ 1,601 $ 1,636
Embedded derivative - Modco reinsurance treaties    
Derivative [Line Items]    
Other long-term investments, Fair Value 85 101
Embedded derivative - GLWB    
Derivative [Line Items]    
Other long-term investments, Fair Value 157 138
Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Fair Value 65 60
Derivatives not designated as hedging instruments    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 19,979 17,464
Other long-term investments, Fair Value 1,601 1,636
Other liabilities. Notional Amount 24,997 24,713
Other liabilities, Fair Value 2,988 3,119
Derivatives not designated as hedging instruments | Interest rate swaps    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 1,478 1,478
Other long-term investments, Fair Value 83 185
Other liabilities. Notional Amount 1,354 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 179 158
Other long-term investments, Fair Value 6 2
Other liabilities. Notional Amount 1,027 1,003
Other liabilities, Fair Value 33 15
Derivatives not designated as hedging instruments | Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 4,181 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 1,271 1,249
Other long-term investments, Fair Value 85 101
Other liabilities. Notional Amount 2,966 2,911
Other liabilities, Fair Value 323 389
Derivatives not designated as hedging instruments | Embedded derivative - GLWB    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 2,836 2,067
Other long-term investments, Fair Value 157 138
Other liabilities. Notional Amount 7,020 7,749
Other liabilities, Fair Value 678 960
Derivatives not designated as hedging instruments | Embedded derivative - FIA    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 368 335
Other long-term investments, Fair Value 65 60
Other liabilities. Notional Amount 4,219 3,889
Other liabilities, Fair Value 695 633
Derivatives not designated as hedging instruments | Interest rate futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 871 690
Other long-term investments, Fair Value 12 4
Other liabilities. Notional Amount 354 415
Other liabilities, Fair Value 11 3
Derivatives not designated as hedging instruments | Equity futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 121 203
Other long-term investments, Fair Value 2 4
Other liabilities. Notional Amount 118 190
Other liabilities, Fair Value 2 5
Derivatives not designated as hedging instruments | Currency futures    
Derivative [Line Items]    
Other long-term investments, Notional Amounts 204 0
Other long-term investments, Fair Value 5 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 8,470 7,208
Other long-term investments, Fair Value 1,186 1,142
Other liabilities. Notional Amount 6,257 5,499
Other liabilities, Fair Value 905 834
Derivatives not designated as hedging instruments | Funds withheld derivative    
Derivative [Line Items]    
Other liabilities. Notional Amount 787 661
Other liabilities, Fair Value 13 10
Derivatives not designated as hedging instruments | Embedded derivative - IUL    
Derivative [Line Items]    
Other liabilities. Notional Amount 403 357
Other liabilities, Fair Value 244 201
Derivatives not designated as hedging instruments | Other    
Derivative [Line Items]    
Other liabilities. Notional Amount 375 304
Other liabilities, Fair Value 76 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 $ 8 $ 10