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FAIR VALUE OF FINANCIAL INSTRUMENTS - Reconciliation of Fair Value Measurements for Level 3 (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Transfers    
Securities transferred into Level 3 $ 336 $ 184
Transferred out of Level 3 38 1
Level 3    
Assets:    
Beginning Balance 2,387 2,246
Total Realized and Unrealized Gains Included in Net Income 185 412
Total Realized and Unrealized Gains Included in Other Comprehensive Income 17 144
Total Realized and Unrealized Losses Included in Net Income (188) (309)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (38) (97)
Purchases 496 524
Sales (273) (708)
Issuances 0 0
Settlements 0 (4)
Transfers in/out of Level 3 298 183
Other 0 (4)
Ending Balance 2,884 2,387
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date (3) 83
Liabilities:    
Beginning Balance 2,306 1,402
Total Realized and Unrealized Gains Included in Net Income 877 926
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income (581) (1,836)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 8 6
Transfers in/out of Level 3 0 0
Other 0 0
Ending Balance 2,002 2,306
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 300 (906)
Level 3 | Variable annuity    
Liabilities:    
Beginning Balance 67 70
Total Realized and Unrealized Gains Included in Net Income 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income (4) (3)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 8 6
Transfers in/out of Level 3 0 0
Other 0 0
Ending Balance 63 67
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Other liabilities    
Liabilities:    
Beginning Balance 2,239 1,332
Total Realized and Unrealized Gains Included in Net Income 877 926
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income (577) (1,833)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 0 0
Other 0 0
Ending Balance 1,939 2,239
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 300 (906)
Level 3 | Total investments    
Assets:    
Beginning Balance 2,387 2,246
Total Realized and Unrealized Gains Included in Net Income 185 412
Total Realized and Unrealized Gains Included in Other Comprehensive Income 17 144
Total Realized and Unrealized Losses Included in Net Income (188) (309)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (38) (97)
Purchases 496 524
Sales (273) (708)
Issuances 0 0
Settlements 0 (4)
Transfers in/out of Level 3 298 183
Other 0 (4)
Ending Balance 2,884 2,387
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date (3) 83
Level 3 | Total fixed maturity securities - AFS    
Assets:    
Beginning Balance 1,988 1,881
Total Realized and Unrealized Gains Included in Net Income 0 7
Total Realized and Unrealized Gains Included in Other Comprehensive Income 17 144
Total Realized and Unrealized Losses Included in Net Income 0 (9)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (38) (97)
Purchases 405 456
Sales (241) (568)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 303 178
Other 0 (4)
Ending Balance 2,434 1,988
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 2
Level 3 | Total fixed maturity securities - AFS | Available-for-sale securities    
Assets:    
Beginning Balance 1,899 1,805
Total Realized and Unrealized Gains Included in Net Income 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 14 144
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (37) (97)
Purchases 381 436
Sales (216) (564)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 276 179
Other 0 (4)
Ending Balance 2,317 1,899
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Total fixed maturity securities - AFS | Trading Securities    
Assets:    
Beginning Balance 89 76
Total Realized and Unrealized Gains Included in Net Income 0 7
Total Realized and Unrealized Gains Included in Other Comprehensive Income 3 0
Total Realized and Unrealized Losses Included in Net Income 0 (9)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (1) 0
Purchases 24 20
Sales (25) (4)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 27 (1)
Other 0 0
Ending Balance 117 89
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 2
Level 3 | Residential mortgage-backed securities | Available-for-sale securities    
Assets:    
Beginning Balance 0  
Total Realized and Unrealized Gains Included in Net Income 0  
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0  
Total Realized and Unrealized Losses Included in Net Income 0  
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0  
Purchases 40  
Sales 0  
Issuances 0  
Settlements 0  
Transfers in/out of Level 3 0  
Other 0  
Ending Balance 40 0
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0  
Level 3 | Commercial mortgage-backed securities | Available-for-sale securities    
Assets:    
Beginning Balance 32 10
Total Realized and Unrealized Gains Included in Net Income 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 1
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (2) (1)
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 150 22
Other 0 0
Ending Balance 180 32
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Other asset-backed securities | Available-for-sale securities    
Assets:    
Beginning Balance 435 421
Total Realized and Unrealized Gains Included in Net Income 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 3 8
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (1) (13)
Purchases 67 0
Sales (4) (2)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 14 22
Other 1 (1)
Ending Balance 515 435
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Other asset-backed securities | Trading Securities    
Assets:    
Beginning Balance 71 65
Total Realized and Unrealized Gains Included in Net Income 0 6
Total Realized and Unrealized Gains Included in Other Comprehensive Income 3 0
Total Realized and Unrealized Losses Included in Net Income 0 (9)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 22 12
Sales (19) (2)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 16 (1)
Other 0 0
Ending Balance 93 71
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 2
Level 3 | Other government-related securities | Trading Securities    
Assets:    
Beginning Balance 0  
Total Realized and Unrealized Gains Included in Net Income 0  
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0  
Total Realized and Unrealized Losses Included in Net Income 0  
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0  
Purchases 0  
Sales 0  
Issuances 0  
Settlements 0  
Transfers in/out of Level 3 16  
Other 0  
Ending Balance 16 0
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0  
Level 3 | Corporate securities | Available-for-sale securities    
Assets:    
Beginning Balance 1,432 1,374
Total Realized and Unrealized Gains Included in Net Income 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 11 135
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (34) (83)
Purchases 274 436
Sales (212) (562)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 112 135
Other (1) (3)
Ending Balance 1,582 1,432
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Corporate securities | Trading Securities    
Assets:    
Beginning Balance 18 11
Total Realized and Unrealized Gains Included in Net Income 0 1
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (1) 0
Purchases 2 8
Sales (6) (2)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 (5) 0
Other 0 0
Ending Balance 8 18
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Equity securities    
Assets:    
Beginning Balance 101 73
Total Realized and Unrealized Gains Included in Net Income 0 1
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 91 27
Sales (32) (5)
Issuances 0 0
Settlements 0 0
Transfers in/out of Level 3 (5) 5
Other 0 0
Ending Balance 155 101
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date 0 0
Level 3 | Other long-term investments    
Assets:    
Beginning Balance 298 292
Total Realized and Unrealized Gains Included in Net Income 185 404
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0
Total Realized and Unrealized Losses Included in Net Income (188) (300)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0
Purchases 0 41
Sales 0 (135)
Issuances 0 0
Settlements 0 (4)
Transfers in/out of Level 3 0 0
Other 0 0
Ending Balance 295 298
Total Gains (losses) included in Net Income related to Instruments still held at the Reporting Date $ (3) $ 81