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SEGMENT INFORMATION - Balance Sheet by Segment (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Total investments $ 5,908 $ 5,887
Cash and cash equivalents 592 872
Accrued investment income 57 52
Reinsurance recoverables, at fair value 179 235
Net modified coinsurance receivable 0 18
Deposit asset 430 607
Goodwill 0 93
Income tax 86 50
Other assets 106 127
Separate account assets, at fair value 22,557 23,601
Total assets 29,915 31,542
Liabilities:    
Insurance liabilities 4,574 5,546
Net modified coinsurance payable 68 0
Cash collateral for repurchase agreements and securities lending transactions 1,009 417
Other liabilities 331 391
Separate account liabilities, at fair value 22,557 23,601
Total liabilities 28,539 29,955
Total equity 1,376 1,587
TOTAL LIABILITIES AND EQUITY 29,915 31,542
Retained Business    
Assets    
Total investments 4,674 4,257
Cash and cash equivalents 335 433
Accrued investment income 50 41
Reinsurance recoverables, at fair value 0 0
Net modified coinsurance receivable   0
Deposit asset 0 0
Goodwill   93
Income tax 86 50
Other assets 93 113
Separate account assets, at fair value 20,600 21,558
Total assets 25,838 26,545
Liabilities:    
Insurance liabilities 2,542 2,941
Net modified coinsurance payable 0  
Cash collateral for repurchase agreements and securities lending transactions 1,009 311
Other liabilities 311 148
Separate account liabilities, at fair value 20,600 21,558
Total liabilities 24,462 24,958
Total equity 1,376 1,587
TOTAL LIABILITIES AND EQUITY 25,838 26,545
Ceded Business    
Assets    
Total investments 1,234 1,630
Cash and cash equivalents 257 439
Accrued investment income 7 11
Reinsurance recoverables, at fair value 179 235
Net modified coinsurance receivable   18
Deposit asset 430 607
Goodwill   0
Income tax 0 0
Other assets 13 14
Separate account assets, at fair value 1,957 2,043
Total assets 4,077 4,997
Liabilities:    
Insurance liabilities 2,032 2,605
Net modified coinsurance payable 68  
Cash collateral for repurchase agreements and securities lending transactions 0 106
Other liabilities 20 243
Separate account liabilities, at fair value 1,957 2,043
Total liabilities 4,077 4,997
Total equity 0 0
TOTAL LIABILITIES AND EQUITY $ 4,077 $ 4,997