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INVESTMENTS - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period     $ (192)  
(Addition to) release of allowance for credit losses $ (30) $ (12) (63) $ (8)
Balance, end of period (260)   (260)  
Balance, beginning of period     (7)  
(Addition to) release of allowance for credit losses 0 0 1 0
Balance, end of period (5)   (5)  
Balance, beginning of period     0  
Balance, end of period 0   0  
Loan commitments, allowance for credit loss 19 26 19 26
Transitional real estate loans        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period (76) (53) (54) (68)
(Addition to) release of allowance for credit losses (35) [1] (2) (57) [1] 13
Write-offs, net of recoveries 0 0 0 0
Change in foreign exchange 0 0 0 0
Balance, end of period [2] (111) (55) (111) (55)
Allowance for credit loss accounted for as purchased financial assets with credit deterioration 4   4  
Commercial mortgage loans        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period (9) (8) (9) (10)
(Addition to) release of allowance for credit losses (3) (2) (3) 0
Write-offs, net of recoveries 0 0 0 0
Change in foreign exchange 0 0 0 0
Balance, end of period [2] (12) (10) (12) (10)
Middle market loans        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period (140) (109) (129) (96)
(Addition to) release of allowance for credit losses 3 (6) (8) (24)
Write-offs, net of recoveries 0 (2) 0 3
Change in foreign exchange 0 0 0 0
Balance, end of period [2] (137) (117) (137) (117)
Held-to-maturity securities        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period (5) (7) (7) (8)
(Addition to) release of allowance for credit losses 1 0 1 0
Write-offs, net of recoveries 0 0 0 0
Change in foreign exchange (1) 1 1 2
Balance, end of period [2] (5) (6) (5) (6)
Available-for-sale securities        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period 0 0 0 0
(Addition to) release of allowance for credit losses 0 0 0 0
Write-offs, net of recoveries 0 0 0 0
Change in foreign exchange 0 0 0 0
Balance, end of period [2] 0 0 0 0
Reinsurance recoverables        
Allowance for Loan Losses by Portfolio Segment [Roll Forward]        
Balance, beginning of period (10) (8) (8) (13)
(Addition to) release of allowance for credit losses) 0 0 (2) 2
Write-offs, net of recoveries 0 0 0 0
Change in foreign exchange 1 0 1 3
Balance, end of period [2] $ (9) $ (8) $ (9) $ (8)
[1] Includes an allowance for credit losses of $4 recognized on financial assets accounted for as purchased financial assets with credit deterioration that is not recorded in earnings upon recognition.
[2] Excludes allowance on firm loan commitments of $19 and $26 as of September 30, 2023 and 2022, respectively.