SEGMENT INFORMATION - Balance Sheet by Segment (Details) - USD ($)		Jun. 30, 2022	Apr. 01, 2022	Dec. 31, 2021
Assets
Total investments		$ 9,719,000,000		$ 11,605,000,000
Cash and cash equivalents		1,564,000,000		2,016,000,000
Accrued investment income		69,000,000		61,000,000
Net modified coinsurance receivable, at fair value	[1]	215,000,000		0
Reinsurance recoverables		378,000,000		8,108,000,000
Income taxes		124,000,000		909,000,000
Deposit asset	[1]	2,158,000,000		2,659,000,000
Other assets		198,000,000		954,000,000
Separate account assets		25,088,000,000		32,267,000,000
Total assets		39,513,000,000		58,579,000,000
Liabilities:
Insurance liabilities	[1]	11,257,000,000		0
Other liabilities		1,388,000,000		1,192,000,000
Separate account liabilities		25,088,000,000		32,267,000,000
Total liabilities		37,733,000,000		56,897,000,000
EQUITY
Common stock		3,000,000		3,000,000
Additional paid-in capital		1,763,000,000		592,000,000
Retained deficit		(180,000,000)		917,000,000
Accumulated other comprehensive income		194,000,000	$ 0	170,000,000
Total equity		1,780,000,000		1,682,000,000
TOTAL LIABILITIES AND EQUITY		39,513,000,000		$ 58,579,000,000
Retained Business
Assets
Total investments		4,402,000,000
Cash and cash equivalents		825,000,000
Accrued investment income		41,000,000
Net modified coinsurance receivable, at fair value		0
Reinsurance recoverables		0
Income taxes		124,000,000
Deposit asset		0
Other assets		198,000,000
Separate account assets		22,742,000,000
Total assets		28,332,000,000
Liabilities:
Insurance liabilities		3,347,000,000
Other liabilities		463,000,000
Separate account liabilities		22,742,000,000
Total liabilities		26,552,000,000
EQUITY
Total equity		1,780,000,000
TOTAL LIABILITIES AND EQUITY		28,332,000,000
Ceded Business
Assets
Total investments		5,317,000,000
Cash and cash equivalents		739,000,000
Accrued investment income		28,000,000
Net modified coinsurance receivable, at fair value		215,000,000
Reinsurance recoverables		378,000,000
Income taxes		0
Deposit asset		2,158,000,000
Other assets		0
Separate account assets		2,346,000,000
Total assets		11,181,000,000
Liabilities:
Insurance liabilities		7,910,000,000
Other liabilities		925,000,000
Separate account liabilities		2,346,000,000
Total liabilities		11,181,000,000
EQUITY
Total equity		0
TOTAL LIABILITIES AND EQUITY		$ 11,181,000,000

[1] As of April 1, 2022 we have elected the fair value option for these financial statement line items. See Note 2 for further discussion.