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MONY CLOSED BLOCK OF BUSINESS (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Closed block liabilities      
Future policy benefits, policyholders’ account balances and other policyholder liabilities $ 5,277 $ 5,406  
Policyholder dividend obligation 401 580 $ 279
Other liabilities 10 7  
Total closed block liabilities 5,688 5,993  
Closed block assets      
Fixed maturities, available-for-sale, at fair value 4,633 4,903  
Commercial mortgage loans on real estate 68 68  
Policy loans 557 596  
Cash and other invested assets 73 46  
Other assets 83 91  
Total closed block assets 5,414 5,704  
Excess of reported closed block liabilities over closed block assets 274 289  
Portion of above representing accumulated other comprehensive income:      
Net unrealized investments gains (losses) net of policyholder dividend obligation: $323 and $493; and net of income tax: $(68) and $(104) 0 0  
Future earnings to be recognized from closed block assets and closed block liabilities 274 289  
Policyholder dividend obligation 323 493  
Policyholder dividend obligation, deferred income tax (68) (104)  
Reconciliation of the policyholder dividend obligation      
Policyholder dividend obligation, beginning balance 580 279  
Applicable to net revenue (9) (25)  
Change in net unrealized investment gains allocated to policyholder dividend obligation (170) 326  
Policyholder dividend obligation, ending balance 401 580 279
Revenues      
Premiums and other income 144 154 162
Net investment income 189 202 207
Net gains (losses) - investments and derivatives 28 (2) (2)
Total revenues 361 354 367
Benefits and other deductions      
Benefits and settlement expenses 342 332 337
Other operating expenses 1 2 1
Total benefits and other deductions 343 334 338
Net revenues before income taxes 18 20 29
Income tax expense 5 4 6
Net revenues $ 13 $ 16 $ 23