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FAIR VALUE OF ASSETS AND LIABILITIES - Quantitative Information Regarding Internally-Prices Level 3 Assets and Liabilities (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
multiplier
Dec. 31, 2021
USD ($)
Assets    
Asset-backed securities $ 7,665 $ 8,771
Secured receivable [1] 1,555 0
Liabilities:    
Policyholders' account balances 0 11,750
Asset-backed securities    
Assets    
Asset-backed securities   $ 1,062
Secured receivable    
Assets    
Secured receivable $ 1,555  
Level 3 | Minimum        
Liabilities:    
Policyholder age 45 years  
Level 3 | Minimum     | Future policy benefits    
Liabilities:    
Mortality rate 0  
Level 3 | Maximum        
Liabilities:    
Policyholder age 90 years  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Retained business    
Liabilities:    
Lapse rate 0.01  
Spread over SOFR 0.0055  
Utilization rate 0.77  
Mortality rate 0  
Equity volatility curve 0.16  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Ceded business    
Liabilities:    
Lapse rate 0.01  
Spread over SOFR 0.0027  
Utilization rate 0.77  
Mortality rate 0  
Equity volatility curve 0.16  
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Future policy benefits    
Liabilities:    
Lapse rate   0.01
Spread over Libor   0.0003
Utilization rate   0.39
Mortality rate   0
Equity volatility curve   0.16
Level 3 | Valuation, income approach | Minimum     | Internal pricing | Policyholders' account balances    
Liabilities:    
Lapse rate   0.01
Spread over Libor   0.0003
Equity volatility curve   0.06
Level 3 | Valuation, income approach | Minimum     | Corporate securities | Internal pricing    
Assets    
Discount rate   0.0234
Level 3 | Valuation, income approach | Minimum     | Corporate securities | Internal pricing | Corporate Debt Securities, One    
Assets    
Discount rate 0.0656  
Origination yield 0.0500  
Level 3 | Valuation, income approach | Minimum     | Corporate securities | Internal pricing | Corporate Debt Securities, Two    
Assets    
Discount rate 0.0440  
Level 3 | Valuation, income approach | Minimum     | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
Discount rate 0.2000  
Level 3 | Valuation, income approach | Minimum     | Asset-backed securities | Internal pricing    
Assets    
Origination yield 0.0697  
Level 3 | Valuation, income approach | Minimum     | Secured receivable | Internal pricing    
Assets    
Discount rate 0.0000  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Retained business    
Liabilities:    
Lapse rate 0.20  
Spread over SOFR 0.0252  
Utilization rate 1  
Mortality rate 0.16  
Equity volatility curve 0.28  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Ceded business    
Liabilities:    
Lapse rate 0.20  
Spread over SOFR 0.0207  
Utilization rate 1  
Mortality rate 0.16  
Equity volatility curve 0.28  
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Future policy benefits    
Liabilities:    
Lapse rate   0.20
Spread over Libor   0.0113
Utilization rate   0.96
Mortality rate   0.15
Equity volatility curve   0.25
Level 3 | Valuation, income approach | Maximum     | Internal pricing | Policyholders' account balances    
Liabilities:    
Lapse rate   0.42
Spread over Libor   0.0117
Equity volatility curve   0.31
Level 3 | Valuation, income approach | Maximum     | Corporate securities | Internal pricing    
Assets    
Discount rate   0.1017
Level 3 | Valuation, income approach | Maximum     | Corporate securities | Internal pricing | Corporate Debt Securities, One    
Assets    
Discount rate 0.0809  
Origination yield 0.0510  
Level 3 | Valuation, income approach | Maximum     | Corporate securities | Internal pricing | Corporate Debt Securities, Two    
Assets    
Discount rate 0.0440  
Level 3 | Valuation, income approach | Maximum     | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
Discount rate 0.2000  
Level 3 | Valuation, income approach | Maximum     | Asset-backed securities | Internal pricing    
Assets    
Origination yield 0.0797  
Level 3 | Valuation, income approach | Maximum     | Secured receivable | Internal pricing    
Assets    
Discount rate 0.0552  
Level 3 | Valuation, income approach | Weighted Average | Corporate securities | Internal pricing    
Assets    
Discount rate   0.0282
Level 3 | Valuation, income approach | Weighted Average | Corporate securities | Internal pricing | Corporate Debt Securities, One    
Assets    
Discount rate 0.0738  
Origination yield 0.0505  
Level 3 | Valuation, income approach | Weighted Average | Corporate securities | Internal pricing | Corporate Debt Securities, Two    
Assets    
Discount rate 0.0440  
Level 3 | Valuation, income approach | Weighted Average | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
Discount rate 0.2000  
Level 3 | Valuation, income approach | Weighted Average | Asset-backed securities | Internal pricing    
Assets    
Origination yield 0.0747  
Level 3 | Valuation, income approach | Weighted Average | Secured receivable | Internal pricing    
Assets    
Discount rate 0.0293  
Level 3 | Valuation, market approach | Minimum     | Corporate securities | Internal pricing    
Assets    
EBITDA multiplier   6.5
Level 3 | Valuation, market approach | Minimum     | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
EBITDA multiplier | multiplier 6.36  
Level 3 | Valuation, market approach | Maximum     | Corporate securities | Internal pricing    
Assets    
EBITDA multiplier   12.4
Level 3 | Valuation, market approach | Maximum     | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
EBITDA multiplier | multiplier 9.97  
Level 3 | Valuation, market approach | Weighted Average | Corporate securities | Internal pricing    
Assets    
EBITDA multiplier   8.8
Level 3 | Valuation, market approach | Weighted Average | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
EBITDA multiplier | multiplier 0.08  
Level 3 | Valuation, cost approach | Minimum     | Corporate securities | Internal pricing    
Liabilities:    
Discount rate   0.6258
Level 3 | Valuation, cost approach | Maximum     | Corporate securities | Internal pricing    
Liabilities:    
Discount rate   0.6258
Level 3 | Valuation, cost approach | Weighted Average | Corporate securities | Internal pricing    
Liabilities:    
Discount rate   0.6258
Recurring    
Assets    
Asset-backed securities $ 7,665 $ 8,771
Secured receivable 1,555  
Deposit asset 2,158  
Net modified coinsurance receivable 215  
Liabilities:    
Retained business 11,257  
Future policy benefits   4,060
Policyholders' account balances   2,041
Recurring | Asset-backed securities    
Assets    
Asset-backed securities 760 1,062
Recurring | Level 3    
Assets    
Asset-backed securities 339 265
Secured receivable 1,555  
Deposit asset 2,158  
Net modified coinsurance receivable 215  
Liabilities:    
Retained business 11,257  
Future policy benefits   4,060
Policyholders' account balances   2,041
Recurring | Level 3 | Asset-backed securities    
Assets    
Asset-backed securities 25 23
Recurring | Level 3 | Internal pricing    
Assets    
Secured receivable 1,555  
Deposit asset 2,158  
Net modified coinsurance receivable 215  
Recurring | Level 3 | Internal pricing | Asset-backed securities    
Assets    
Asset-backed securities 25  
Recurring | Level 3 | Internal pricing | Retained business    
Liabilities:    
Retained business 3,347  
Recurring | Level 3 | Internal pricing | Ceded business    
Liabilities:    
Ceded business 7,910  
Recurring | Level 3 | Internal pricing | Future policy benefits    
Liabilities:    
Future policy benefits   4,060
Recurring | Level 3 | Internal pricing | Policyholders' account balances    
Liabilities:    
Policyholders' account balances   2,041
Recurring | Level 3 | Corporate securities | Internal pricing    
Assets    
Marketable securities   163
Recurring | Level 3 | Corporate securities | Internal pricing | Corporate Debt Securities, One    
Assets    
Marketable securities 153  
Recurring | Level 3 | Corporate securities | Internal pricing | Corporate Debt Securities, Two    
Assets    
Marketable securities 45  
Recurring | Level 3 | Corporate securities | Internal pricing | Corporate Debt Securities, Three    
Assets    
Marketable securities 93  
Recurring | Level 3 | Other assets | Internal pricing    
Assets    
Other assets   400
Recurring | Level 3 | Reinsurance recoverables | Internal pricing    
Assets    
Reinsurance recoverables $ 378 $ 1,881
Recurring | Level 3 | Minimum     | Internal pricing | Future policy benefits    
Liabilities:    
Withdrawal rate assumption 0.76 0.76
Recurring | Level 3 | Maximum     | Internal pricing | Future policy benefits    
Liabilities:    
Withdrawal rate assumption 1 1
[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.