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INVESTMENTS - SUCCESSOR COMPANY - Net Investment Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net Investment Income [Line Items]        
Gross investment income $ 103 $ 259 $ 517 $ 606
Less: investment expenses (4) (4) (27) (27)
Net investment income 99 255 490 579
Retained Business        
Net Investment Income [Line Items]        
Gross investment income   127    
Less: investment expenses   (2)    
Net investment income   125    
Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   132    
Less: investment expenses   (2)    
Net investment income   130    
Fixed maturity securities        
Net Investment Income [Line Items]        
Gross investment income 61 217 383 455
Fixed maturity securities | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   123    
Fixed maturity securities | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   94    
Equity securities        
Net Investment Income [Line Items]        
Gross investment income 1 3 5 1
Equity securities | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   0    
Equity securities | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   3    
Secured receivable        
Net Investment Income [Line Items]        
Gross investment income   18    
Secured receivable | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   0    
Secured receivable | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   18    
Mortgage and other loans        
Net Investment Income [Line Items]        
Gross investment income 11 2 65 56
Mortgage and other loans | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   2    
Mortgage and other loans | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   0    
Other invested assets        
Net Investment Income [Line Items]        
Gross investment income 29 9 63 44
Other invested assets | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   2    
Other invested assets | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   7    
Short-term investments and cash equivalents        
Net Investment Income [Line Items]        
Gross investment income $ 1 10 $ 1 $ 50
Short-term investments and cash equivalents | Retained Business        
Net Investment Income [Line Items]        
Gross investment income   0    
Short-term investments and cash equivalents | Ceded Business        
Net Investment Income [Line Items]        
Gross investment income   $ 10