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OFFSETTING OF ASSETS AND LIABILITIES - Schedule of Derivative Instruments by Liabilities (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement $ 2,576 $ 3,119
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 2,576 3,119
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 604 865
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 13 4
Net Amount 1,959 2,250
Repurchase agreements    
Gross Amounts of Recognized Liabilities 1,104 437
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 1,104 437
Gross Amounts Not Offset in the Balance Sheets, Financial instruments 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 1,104 437
Total Liabilities    
Gross Amounts of Recognized Liabilities 3,680 3,556
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 3,680 3,556
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments 604 865
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 13 4
Net Amount 3,063 2,687
Free-Standing derivatives    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, subject to master netting arrangement or similar arrangement 617 871
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 617 871
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, subject to master netting arrangement 604 865
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 13 4
Net Amount 0 2
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, subject to master netting arrangement or similar arrangement 617 871
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 617 871
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, subject to master netting arrangement 604 865
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 13 4
Net Amount 0 2
Embedded derivative - Modco reinsurance treaties    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 294 389
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 294 389
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 294 389
Funds withheld derivative    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 11 10
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 11 10
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 11 10
Embedded derivative - GLWB    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 696 960
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 696 960
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 696 960
Embedded derivative - FIA    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 631 633
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 631 633
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 631 633
Embedded derivative - IUL    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 251 201
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 251 201
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 251 201
Other    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 76 55
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 76 55
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount 76 55
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Liabilities    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement or similar arrangement 1,959 2,248
Gross Amounts Offset in the Balance Sheets 0 0
Net Amounts of Liabilities Presented in the Balance Sheets 1,959 2,248
Gross Amounts Not Offset in the Balance Sheets, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheets, Collateral Posted 0 0
Net Amount $ 1,959 $ 2,248