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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Impact from Adoption on Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments and cash:        
Available for sale, fixed maturity securities $ 75,741 $ 98,696    
Held to maturity, fixed maturity securities 19,056 [1] 22,000    
Equity securities 1,091 1,603    
Commercial mortgage and other loans 13,496 11,786    
Other investments 4,070 3,842    
Cash and cash equivalents 3,943 5,051    
Total investments and cash 117,397 142,978    
Receivables 647 672    
Accrued investment income 745 737    
Deferred policy acquisition costs 8,593 9,525    
Property and equipment, at cost less accumulated depreciation 530 538    
Other 3,105 3,092    
Assets 131,017 157,542    
Policy liabilities:        
Future policy benefits 80,749 90,588    
Unpaid policy claims 4,561 4,836    
Unearned premiums 1,825 2,576    
Other policyholders' funds 6,123 7,072    
Total policy liabilities 93,258 105,072    
Income taxes 1,296 4,339    
Payables for return of cash collateral on loaned securities 1,809 2,162    
Notes payable and lease obligations 7,442 7,956    
Other Liabilities 4,847 4,760    
Total liabilities 108,652 124,289    
Commitments and contingent liabilities    
Shareholders' equity:        
Common stock 135 135    
Additional paid-in capital 2,641 2,529    
Retained earnings 44,568 41,381    
Accumulated other comprehensive income (loss):        
Unrealized foreign currency translation gains (losses) (3,640) (2,013)    
Unrealized gains (losses) on fixed maturity securities (702) 9,602    
Unrealized gains (losses) on derivatives (27) (30)    
Pension liability adjustment (36) (166)    
Treasury stock, at average cost (20,574) (18,185)    
Stockholders' Equity Attributable to Parent 22,365 33,253 $ 33,559 $ 28,959
Total liabilities and shareholders' equity 131,017 157,542    
Accounting Standards Update 2018-12 | Pro Forma        
Investments and cash:        
Held to maturity, fixed maturity securities 19,056 22,000    
Equity securities 1,091 1,603    
Commercial mortgage and other loans 13,496 11,786    
Other investments 4,070 3,842    
Cash and cash equivalents 3,943 5,051    
Total investments and cash 117,397 142,978    
Receivables 647 672    
Accrued investment income 745 737    
Deferred policy acquisition costs [2] 9,239 9,848    
Property and equipment, at cost less accumulated depreciation 530 538    
Other [3] 3,180 3,377    
Assets 131,738 158,150    
Policy liabilities:        
Future policy benefits [4],[5],[6] 88,241 115,964    
Unpaid policy claims [5],[7] 201 151    
Unearned premiums 1,825 2,576    
Other policyholders' funds [7] 6,643 7,640    
Total policy liabilities 96,910 126,331    
Income taxes [8] 698 30    
Payables for return of cash collateral on loaned securities 1,809 2,162    
Notes payable and lease obligations 7,442 7,956    
Other Liabilities [4] 4,739 4,640    
Total liabilities 111,598 141,119    
Commitments and contingent liabilities    
Shareholders' equity:        
Common stock 135 135    
Additional paid-in capital 2,641 2,529    
Retained earnings 44,367 [9] 40,963 [10]    
Accumulated other comprehensive income (loss):        
Unrealized foreign currency translation gains (losses) [11] (3,564) (1,985)    
Unrealized gains (losses) on fixed maturity securities (702) 9,602    
Unrealized gains (losses) on derivatives (27) (30)    
Effect of changes in discount rate assumptions (2,100) [12] (15,832) [13]    
Pension liability adjustment (36) (166)    
Treasury stock, at average cost (20,574) (18,185)    
Stockholders' Equity Attributable to Parent 20,140 17,031    
Total liabilities and shareholders' equity 131,738 158,150    
Accounting Standards Update 2018-12 | As Reported | Pro Forma        
Investments and cash:        
Held to maturity, fixed maturity securities 19,056 22,000    
Equity securities 1,091 1,603    
Commercial mortgage and other loans 13,496 11,786    
Other investments 4,070 3,842    
Cash and cash equivalents 3,943 5,051    
Total investments and cash 117,397 142,978    
Receivables 647 672    
Accrued investment income 745 737    
Deferred policy acquisition costs [2] 8,593 9,525    
Property and equipment, at cost less accumulated depreciation 530 538    
Other [3] 3,105 3,092    
Assets 131,017 157,542    
Policy liabilities:        
Future policy benefits [4],[5],[6] 80,749 90,588    
Unpaid policy claims [5],[7] 4,561 4,836    
Unearned premiums 1,825 2,576    
Other policyholders' funds [7] 6,123 7,072    
Total policy liabilities 93,258 105,072    
Income taxes [8] 1,296 4,339    
Payables for return of cash collateral on loaned securities 1,809 2,162    
Notes payable and lease obligations 7,442 7,956    
Other Liabilities [4] 4,847 4,760    
Total liabilities 108,652 124,289    
Commitments and contingent liabilities    
Shareholders' equity:        
Common stock 135 135    
Additional paid-in capital 2,641 2,529    
Retained earnings 44,568 [9] 41,381 [10]    
Accumulated other comprehensive income (loss):        
Unrealized foreign currency translation gains (losses) [11] (3,640) (2,013)    
Unrealized gains (losses) on fixed maturity securities (702) 9,602    
Unrealized gains (losses) on derivatives (27) (30)    
Effect of changes in discount rate assumptions 0 [12] 0 [13]    
Pension liability adjustment (36) (166)    
Treasury stock, at average cost (20,574) (18,185)    
Stockholders' Equity Attributable to Parent 22,365 33,253    
Total liabilities and shareholders' equity 131,017 157,542    
Accounting Standards Update 2018-12 | Adoption Impacts | Pro Forma        
Investments and cash:        
Held to maturity, fixed maturity securities 0 0    
Equity securities 0 0    
Commercial mortgage and other loans 0 0    
Other investments 0 0    
Cash and cash equivalents 0 0    
Total investments and cash 0 0    
Receivables 0 0    
Accrued investment income 0 0    
Deferred policy acquisition costs [2] 646 323    
Property and equipment, at cost less accumulated depreciation 0 0    
Other [3] 75 285    
Assets 721 608    
Policy liabilities:        
Future policy benefits [4],[5],[6] 7,492 25,376    
Unpaid policy claims [5],[7] (4,360) (4,685)    
Unearned premiums 0 0    
Other policyholders' funds [7] 520 568    
Total policy liabilities 3,652 21,259    
Income taxes [8] (598) (4,309)    
Payables for return of cash collateral on loaned securities 0 0    
Notes payable and lease obligations 0 0    
Other Liabilities [4] (108) (120)    
Total liabilities 2,946 16,830    
Commitments and contingent liabilities    
Shareholders' equity:        
Common stock 0 0    
Additional paid-in capital 0 0    
Retained earnings (201) [9] (418) [10]    
Accumulated other comprehensive income (loss):        
Unrealized foreign currency translation gains (losses) [11] 76 28    
Unrealized gains (losses) on fixed maturity securities 0 0    
Unrealized gains (losses) on derivatives 0 0    
Effect of changes in discount rate assumptions (2,100) [12] (15,832) [13]    
Pension liability adjustment 0 0    
Treasury stock, at average cost 0 0    
Stockholders' Equity Attributable to Parent (2,225) (16,222)    
Total liabilities and shareholders' equity 721 608    
Consolidated Entity, Excluding VIE | Accounting Standards Update 2018-12 | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities 71,936 94,206    
Consolidated Entity, Excluding VIE | Accounting Standards Update 2018-12 | As Reported | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities 71,936 94,206    
Consolidated Entity, Excluding VIE | Accounting Standards Update 2018-12 | Adoption Impacts | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities 0 0    
Variable Interest Entity, Consolidated        
Investments and cash:        
Available for sale, fixed maturity securities 3,805 4,490    
Commercial mortgage and other loans [14] 10,832 9,740    
Other investments [14],[15] 1,909 1,535    
Policy liabilities:        
Total liabilities [14] 390 414    
Variable Interest Entity, Consolidated | Accounting Standards Update 2018-12 | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities 3,805 4,490    
Variable Interest Entity, Consolidated | Accounting Standards Update 2018-12 | As Reported | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities 3,805 4,490    
Variable Interest Entity, Consolidated | Accounting Standards Update 2018-12 | Adoption Impacts | Pro Forma        
Investments and cash:        
Available for sale, fixed maturity securities $ 0 $ 0    
[1] Net of allowance for credit losses
[2] Adjustment reflects an increase in DAC assets as a result of DAC being amortized over the expected life of a contract and no interest accretion recorded under the updated standard.
[3] Adjustment reflects the discounting of reinsurance recoverables under the updated standard.
[4] Adjustment for the reclassification of accrued claim adjustment expenses from other liabilities to future policy benefits as a component of the integrated reserve.
[5] Adjustment for the reclassification of unpaid policy claims for long-duration contracts to future policy benefits as a component of the integrated reserve.
[6] Adjustment reflects the impacts of adopting the standard and post-adoption impacts including calculating benefit reserves using revised net premium ratios and an increase in the deferred profit liability on limited-payment products
[7] Adjustment for the reclassification of the claims liability for certain fixed annuity benefits from unpaid policy claims to other policyholders' funds.
[8] Adjustment reflects the tax effects from adoption and post-adoption activity under the updated standard.
[9] Adjustment reflects the cumulative impact from adoption and post-adoption activity under the updated standard, including the increase in 2022 net earnings of $217.
[10] Adjustment reflects the impacts from adoption of ($324) as a result of capping the net premium ratio at 100% for cohorts that are in a loss position at transition and post-adoption activity under the updated standard, including the decrease in 2021 net earnings of $(94).
[11] Adjustment reflects foreign currency translation related to the updated standard, as applicable.
[12] Adjustment reflects the cumulative impact from adoption and post-adoption activity under the updated standard, including an increase of $13,732 in 2022 due to changes in the discount rate assumptions.
[13] Adjustment reflects the impacts from adoption of ($18,570) and post-adoption activity under the updated standard, including $2,738 in 2021 due to changes in the discount rate assumptions
[14] Net of allowance for credit losses
[15] Consists entirely of alternative investments in limited partnerships