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OFFSETTING OF ASSETS AND LIABILITIES - Offsetting of Derivative Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement $ 2,779 $ 3,119
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 2,779 3,119
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 22 4
Net Amount 1,951 2,250
Repurchase agreements    
Gross Amounts of Recognized Liabilities 1,393 437
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Balance Sheet 1,393 437
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted 0 0
Net Amount 1,393 437
Total Liabilities    
Gross Amounts of Recognized Liabilities 4,172 3,556
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Balance Sheet 4,172 3,556
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted 22 4
Net Amount 3,344 2,687
Free-Standing derivatives    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, subject to a master netting arrangement 830 871
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 830 871
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 22 4
Net Amount 2 2
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, subject to a master netting arrangement 830 871
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 830 871
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 22 4
Net Amount 2 2
Embedded derivative - Modco reinsurance treaties    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 280 389
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 280 389
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 280 389
Funds withheld derivative    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 10 10
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 10 10
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 10 10
Embedded derivative - GLWB    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 644 960
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 644 960
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 644 960
Embedded derivative - FIA    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 659 633
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 659 633
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 659 633
Embedded derivative - IUL    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 269 201
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 269 201
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 269 201
Embedded derivative - FIA    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 87 55
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 87 55
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount 87 55
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Liabilities:    
Gross Amounts of Recognized Liabilities, not subject to a master netting arrangement 1,949 2,248
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Liabilities Presented in the Statement of Financial Position, Including not subject to master netting arrangement 1,949 2,248
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Posted, including not subject to master netting arrangement 0 0
Net Amount $ 1,949 $ 2,248