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REINSURANCE - Effect of Reinsurance (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Reinsurance Disclosures [Abstract]      
Direct charges and fee income $ 383 $ 266 $ 261
Reinsurance assumed - Equitable Financial 1,015 0 0
Reinsurance ceded (111) (37) (57)
Policy charges and fee income 1,287 229 204
Direct premiums 353 272 201
Reinsurance assumed - Equitable Financial 174 0 0
Reinsurance ceded (59) (49) (44)
Premiums 468 223 157
Direct policyholders’ benefits 460 419 415
Reinsurance assumed - Equitable Financial 528 0 0
Reinsurance ceded (108) (119) (160)
Policyholders’ benefits 880 300 255
Direct interest credited to policyholders’ account balances 250 106 139
Reinsurance assumed - Equitable Financial 471 0 0
Reinsurance ceded (33) (16) (57)
Interest credited to policyholders’ account balances $ 688 $ 90 $ 82