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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)        
Benefits and settlement expenses, net of reinsurance ceded $ (1,093) $ (1,127) $ (2,398) $ (2,478)
Tax (expense) benefit (39) (32) (64) (2)
Change in net expected credit losses - fixed maturities 0 (30) 5 (82)
Net income 162 142 264 13
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Gains and losses on derivative instruments        
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)        
Benefits and settlement expenses, net of reinsurance ceded 0 (1) 0 (3)
Tax (expense) benefit 0 0 0 1
Net income 0 (1) 0 (2)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Unrealized gains and losses on available-for-sale securities        
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)        
Tax (expense) benefit (2) 6 (9) 8
Realized gains (losses) - investments 9 2 38 42
Change in net expected credit losses - fixed maturities 0 (30) 5 (82)
Net income $ 7 $ (22) $ 34 $ (32)