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OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Summarized financial information for the company's segments                      
Revenues $ 1,539 $ 1,652 $ 1,509 $ 1,713 $ 1,535 $ 1,724 $ 1,468 $ 1,441 $ 6,413 $ 6,168 $ 5,731
Pre-tax Adjusted Operating Income (Loss)                 333 390 468
Non-operating income (loss)                 38 (113) 56
Income (loss) before income tax (16) 59 201 127 102 160 174 (159) 371 277 524
Income tax expense (benefit) 12 10 39 25 12 29 32 (30) 86 43 97
Net income (loss) (28) 49 162 102 90 131 142 (129) 285 234 427
Adjusted operating income tax (expense) benefit                 (51) (66) (86)
After-tax adjusted operating income                 (282) (324) (382)
Income tax (expense) benefit on adjustments                 (35) 23 (11)
Non-operating income (loss)                      
Derivative gains (losses), net                 48 (195) (368)
Investment gains (losses), net                 102 (40) 309
VA/VUL market impacts                 21 0 0
Goodwill impairment (129)               (129) 0 0
Less: related amortization                 104 (30) (24)
Less: VA GLWB economic cost                 (100) (92) (91)
Net investment income 767 $ 753 $ 742 $ 720 653 $ 740 $ 742 $ 754 2,982 2,889 2,825
Amortization of deferred policy acquisition costs and value of business acquired                 309 208 176
Operating Segment Assets                      
Investments and other assets 126,515       122,124       126,515 122,124  
DAC and VOBA 3,869       3,420       3,869 3,420 3,520
Other intangibles 491       540       491 540  
Goodwill 697       826       697 826 826
Total assets 131,572       126,910       131,572 126,910  
Retail Life and Annuity                      
Non-operating income (loss)                      
Net investment income                 1,110 1,015 945
Amortization of deferred policy acquisition costs and value of business acquired                 222 116 100
Operating Segment Assets                      
DAC and VOBA 2,806       2,480       2,806 2,480 2,417
Acquisitions                      
Non-operating income (loss)                      
Net investment income                 1,590 1,648 1,533
Amortization of deferred policy acquisition costs and value of business acquired                 19 24 11
Operating Segment Assets                      
DAC and VOBA 870       762       870 762 924
Stable Value Products                      
Non-operating income (loss)                      
Net investment income                 303 230 244
Amortization of deferred policy acquisition costs and value of business acquired                 5 3 3
Operating Segment Assets                      
DAC and VOBA 15       8       15 8 5
Asset Protection                      
Non-operating income (loss)                      
Net investment income                 20 23 28
Amortization of deferred policy acquisition costs and value of business acquired                 63 65 62
Operating Segment Assets                      
DAC and VOBA 178       170       178 170 174
Corporate and Other                      
Non-operating income (loss)                      
Net investment income                 (41) (27) 75
Amortization of deferred policy acquisition costs and value of business acquired                 0 0 0
Operating Segment Assets                      
DAC and VOBA 0       0       0 0 0
Operating Segments                      
Summarized financial information for the company's segments                      
Revenues                 6,413 6,168 5,731
Pre-tax Adjusted Operating Income (Loss)                 333 390 468
Operating Segment Assets                      
Investments and other assets         5,928         5,928  
DAC and VOBA         8         8  
Other intangibles         6         6  
Goodwill         114         114  
Total assets         6,056         6,056  
Operating Segments | Retail Life and Annuity                      
Summarized financial information for the company's segments                      
Revenues                 2,823 2,440 2,161
Pre-tax Adjusted Operating Income (Loss)                 (37) 100 153
Non-operating income (loss)                      
Goodwill impairment                 (129)    
Operating Segment Assets                      
Investments and other assets 44,549       40,194       44,549 40,194  
DAC and VOBA 2,806       2,480       2,806 2,480  
Other intangibles 334       367       334 367  
Goodwill 430       559       430 559 559
Total assets 48,119       43,600       48,119 43,600  
Operating Segments | Acquisitions                      
Summarized financial information for the company's segments                      
Revenues                 2,984 3,282 2,902
Pre-tax Adjusted Operating Income (Loss)                 314 406 347
Non-operating income (loss)                      
Goodwill impairment                 0    
Operating Segment Assets                      
Investments and other assets 54,561       55,628       54,561 55,628  
DAC and VOBA 870       762       870 762  
Other intangibles 29       33       29 33  
Goodwill 24       24       24 24 24
Total assets 55,484       56,447       55,484 56,447  
Operating Segments | Stable Value Products                      
Summarized financial information for the company's segments                      
Revenues                 347 176 247
Pre-tax Adjusted Operating Income (Loss)                 171 90 93
Non-operating income (loss)                      
Goodwill impairment                 0    
Operating Segment Assets                      
Investments and other assets 8,392               8,392    
DAC and VOBA 15               15    
Other intangibles 5               5    
Goodwill 114       114       114 114 114
Total assets 8,526               8,526    
Operating Segments | Asset Protection                      
Summarized financial information for the company's segments                      
Revenues                 270 275 290
Pre-tax Adjusted Operating Income (Loss)                 40 41 37
Non-operating income (loss)                      
Goodwill impairment                 0    
Operating Segment Assets                      
Investments and other assets 950       881       950 881  
DAC and VOBA 178       170       178 170  
Other intangibles 90       101       90 101  
Goodwill 129       129       129 129 129
Total assets 1,347       1,281       1,347 1,281  
Operating Segments | Corporate and Other                      
Summarized financial information for the company's segments                      
Revenues                 (11) (5) 131
Pre-tax Adjusted Operating Income (Loss)                 (155) (247) $ (162)
Operating Segment Assets                      
Investments and other assets 18,063       19,493       18,063 19,493  
DAC and VOBA 0       0       0 0  
Other intangibles 33       33       33 33  
Goodwill 0       0       0 0  
Total assets $ 18,096       $ 19,526       $ 18,096 $ 19,526