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CLOSED BLOCK - Summarized Financial Information for Closed Block (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Closed Block Liabilities:      
Future policy benefits, policyholders’ account balances and other $ 5,390   $ 5,461
Other liabilities 69   57
Total Closed Block liabilities 5,459   5,518
Assets Designated to the Closed Block:      
Fixed maturities AFS, at fair value (amortized cost of $2,949 and $2,945) (allowance for credit losses of $0 and $0) 2,784   2,800
Mortgage loans on real estate (net of allowance for credit losses of $13 and $13) 1,550   1,612
Policy loans 541   554
Cash and other invested assets 63   58
Other assets 163   150
Total assets designated to the Closed Block 5,101   5,174
Excess of Closed Block liabilities over assets designated to the Closed Block 358   344
Amounts included in AOCI:      
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $35 and $31 (130)   (115)
Maximum future earnings to be recognized from Closed Block assets and liabilities 228   $ 229
Amortized cost of fixed maturities AFS 2,949 $ 2,945  
Allowance for credit losses of fixed maturities AFS 0 0  
Allowance for credit losses of mortgage loans on real estate 13 13  
Policy holders' dividend obligations on net unrealized investment gains (losses) 0 0  
Income tax on net unrealized investment gains (losses) $ 35 $ 31