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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Market Risk Benefit [Roll Forward]    
Benefit payments $ 7 $ 172
GMxB Core | Individual Retirement    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year 578 539
Beginning balance before changes in the instrument specific credit risk 324 538
Model changes and effect of changes in cash flow assumptions 0 0
Actual market movement effect (151) (206)
Interest accrual 15 18
Attributed fees accrued 92 94
Benefit payments (10) (12)
Actual policyholder behavior different from expected behavior 3 5
Changes in future economic assumptions (176) 123
Issuances 0 0
Ending balance before changes in the instrument-specific credit risk 97 560
Changes in the instrument-specific credit risk 231 (227)
Balance, end of year $ 328 $ 333
Weighted-average age of policyholders (years) 64 years 9 months 18 days 63 years 9 months 18 days
Net amount at risk $ 2,762 $ 3,278
Purchased MRB Core | Individual Retirement    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year (1,180)  
Beginning balance before changes in the instrument specific credit risk (1,266)  
Model changes and effect of changes in cash flow assumptions 0  
Actual market movement effect 147  
Interest accrual (4)  
Attributed fees accrued (83)  
Benefit payments 10  
Actual policyholder behavior different from expected behavior 1  
Changes in future economic assumptions 203  
Issuances 0  
Ending balance before changes in the instrument-specific credit risk (992)  
Changes in the instrument-specific credit risk 92  
Balance, end of year $ (900)  
Weighted-average age of policyholders (years) 65 years 1 month 6 days  
Net amount at risk $ 2,729  
Net GMxB Core | Individual Retirement    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year (602)  
Beginning balance before changes in the instrument specific credit risk (942)  
Model changes and effect of changes in cash flow assumptions 0  
Actual market movement effect (4)  
Interest accrual 11  
Attributed fees accrued 9  
Benefit payments 0  
Actual policyholder behavior different from expected behavior 4  
Changes in future economic assumptions 27  
Issuances 0  
Ending balance before changes in the instrument-specific credit risk (895)  
Changes in the instrument-specific credit risk 323  
Balance, end of year (572)  
GMxB Legacy | Legacy Segment    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year 13,410 14,699
Beginning balance before changes in the instrument specific credit risk 13,020 15,314
Model changes and effect of changes in cash flow assumptions 0 0
Actual market movement effect (788) (744)
Interest accrual 161 197
Attributed fees accrued 200 210
Benefit payments (321) (342)
Actual policyholder behavior different from expected behavior (23) 21
Changes in future economic assumptions (923) 943
Issuances 0 0
Ending balance before changes in the instrument-specific credit risk 11,326 15,599
Changes in the instrument-specific credit risk 375 (1,517)
Balance, end of year $ 11,701 $ 14,082
Weighted-average age of policyholders (years) 73 years 2 months 12 days 72 years 9 months 18 days
Net amount at risk $ 19,673 $ 21,472
Purchased MRB Legacy | Legacy Segment    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year (15,519) (10,493)
Beginning balance before changes in the instrument specific credit risk (15,543) (10,439)
Model changes and effect of changes in cash flow assumptions 1 0
Actual market movement effect 746 393
Interest accrual (168) (155)
Attributed fees accrued (154) (83)
Benefit payments 314 185
Actual policyholder behavior different from expected behavior 13 (17)
Changes in future economic assumptions 972 (532)
Issuances 0 0
Ending balance before changes in the instrument-specific credit risk (13,819) (10,648)
Changes in the instrument-specific credit risk 36 (98)
Balance, end of year $ (13,783) $ (10,746)
Weighted-average age of policyholders (years) 73 years 6 months 67 years 8 months 12 days
Net amount at risk $ 19,360 $ 10,036
Net GMxB Legacy | Legacy Segment    
Market Risk Benefit [Roll Forward]    
Balance, beginning of year (2,109) 4,206
Beginning balance before changes in the instrument specific credit risk (2,523) 4,875
Model changes and effect of changes in cash flow assumptions 1 0
Actual market movement effect (42) (351)
Interest accrual (7) 42
Attributed fees accrued 46 126
Benefit payments (7) (157)
Actual policyholder behavior different from expected behavior (10) 4
Changes in future economic assumptions 49 412
Issuances 0 0
Ending balance before changes in the instrument-specific credit risk (2,493) 4,952
Changes in the instrument-specific credit risk 411 (1,616)
Balance, end of year $ (2,082) $ 3,336