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SEGMENT INFORMATION - Balance Sheet by Segment (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Total investments $ 5,874 $ 5,887
Cash and cash equivalents 649 872
Accrued investment income 55 52
Reinsurance recoverables, at fair value 200 235
Net modified coinsurance receivable 0 18
Deposit asset 476 607
Goodwill 93 93
Income tax 46 50
Other assets 83 127
Separate account assets, at fair value 24,065 23,601
Total assets 31,541 31,542
Liabilities:    
Insurance liabilities 4,984 5,546
Net modified coinsurance payable 81 0
Other liabilities 805 808
Separate account liabilities, at fair value 24,065 23,601
Total liabilities 29,935 29,955
Total equity 1,606 1,587
TOTAL LIABILITIES AND EQUITY 31,541 31,542
Retained Business    
Assets    
Total investments 4,486 4,257
Cash and cash equivalents 351 433
Accrued investment income 45 41
Reinsurance recoverables, at fair value 0 0
Net modified coinsurance receivable   0
Deposit asset 0 0
Goodwill 93 93
Income tax 46 50
Other assets 70 113
Separate account assets, at fair value 21,981 21,558
Total assets 27,072 26,545
Liabilities:    
Insurance liabilities 2,711 2,941
Net modified coinsurance payable 0  
Other liabilities 774 459
Separate account liabilities, at fair value 21,981 21,558
Total liabilities 25,466 24,958
Total equity 1,606 1,587
TOTAL LIABILITIES AND EQUITY 27,072 26,545
Ceded Business    
Assets    
Total investments 1,388 1,630
Cash and cash equivalents 298 439
Accrued investment income 10 11
Reinsurance recoverables, at fair value 200 235
Net modified coinsurance receivable   18
Deposit asset 476 607
Goodwill 0 0
Income tax 0 0
Other assets 13 14
Separate account assets, at fair value 2,084 2,043
Total assets 4,469 4,997
Liabilities:    
Insurance liabilities 2,273 2,605
Net modified coinsurance payable 81  
Other liabilities 31 349
Separate account liabilities, at fair value 2,084 2,043
Total liabilities 4,469 4,997
Total equity 0 0
TOTAL LIABILITIES AND EQUITY $ 4,469 $ 4,997