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DERIVATIVE FINANCIAL INSTRUMENTS - Realized Investment Gains (Losses) Derivative Financial Instruments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net $ 48 $ (195) $ (368)
Amount expected to be reclassified out of accumulated comprehensive income into earnings 1    
Derivatives not designated as hedging instruments      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 48 (195) (368)
Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 64 (99) (187)
Derivatives not designated as hedging instruments | Derivatives with PLC      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 0 23 27
Derivatives not designated as hedging instruments | Other      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (2) 15 (2)
Variable annuity | Derivatives not designated as hedging instruments      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (72) (110) (208)
Variable annuity | Derivatives not designated as hedging instruments | Interest rate futures      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 15 0 (20)
Variable annuity | Derivatives not designated as hedging instruments | Equity futures      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (12) 109 5
Variable annuity | Derivatives not designated as hedging instruments | Currency futures      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 11 (10) 3
Variable annuity | Derivatives not designated as hedging instruments | Equity options      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (108) (30) (150)
Variable annuity | Derivatives not designated as hedging instruments | Interest rate swaps      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (136) 274 230
Variable annuity | Derivatives not designated as hedging instruments | Total return swaps      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (189) (49) (78)
Variable annuity | Derivatives not designated as hedging instruments | Embedded derivative - GLWB      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 347 (404) (198)
FIA | Derivatives not designated as hedging instruments      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 70 (35) 0
FIA | Derivatives not designated as hedging instruments | Equity futures      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 5 (4) 2
FIA | Derivatives not designated as hedging instruments | Equity options      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 72 49 84
FIA | Derivatives not designated as hedging instruments | Funds withheld derivative      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (7) (10) 0
FIA | Derivatives not designated as hedging instruments | Embedded derivative - FIA      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 3 (69) (86)
FIA | Derivatives not designated as hedging instruments | Other      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (3) (1) 0
Universal Life | Derivatives not designated as hedging instruments      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net (12) 11 2
Universal Life | Derivatives not designated as hedging instruments | Equity futures      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 0 (2) 0
Universal Life | Derivatives not designated as hedging instruments | Equity options      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net 16 9 15
Universal Life | Derivatives not designated as hedging instruments | Embedded derivative - IUL      
Notional amount and fair value of the entity's derivative financial instruments      
Total gains (losses) - derivatives, net $ (28) $ 4 $ (13)