DAC AND POLICYHOLDER BONUS INTEREST CREDITS (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

Changes in the DAC asset for the years ended December 31, 2022, 2021 and 2020 were as follows:

	Year Ended December 31,
	2022		2021		2020
	(in millions)
Balance, beginning of year	$	637	$	477	$	471
Capitalization of commissions, sales and issue expenses	129		122		95
Amortization:
Impact of assumptions updates and model changes	14		(4)		(8)
All other	(62)		(21)		(23)
Total amortization	(48)		(25)		(31)
Change in unrealized investment gains and losses	199		63		(58)
Balance, end of year	$	917	$	637	$	477