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BUSINESS AND BASIS OF PRESENTATION - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($)
1 Months Ended
Dec. 31, 2022
Apr. 01, 2022
Dec. 31, 2022
Dec. 31, 2023
LIABILITIES        
Goodwill $ 93,000,000   $ 93,000,000 $ 0
Retained Business        
LIABILITIES        
Goodwill 93,000,000   93,000,000  
Ceded Business        
LIABILITIES        
Goodwill 0   0  
PAI        
ASSETS        
Total investments   $ 10,807,000,000    
Cash and cash equivalents   1,578,000,000    
Reinsurance recoverables   250,000,000    
Net modified coinsurance receivable   68,000,000    
Income taxes   255,000,000    
Deposit asset   2,596,000,000    
Other assets   96,000,000    
Separate account assets   29,426,000,000    
TOTAL ASSETS   45,076,000,000    
LIABILITIES        
Insurance liabilities   13,611,000,000    
Other liabilities   370,000,000    
Separate account liabilities   29,426,000,000    
TOTAL LIABILITIES   43,407,000,000    
Net assets acquired   1,669,000,000    
Consideration 1,762,000,000 1,761,000,000 $ 1,762,000,000  
Goodwill   93,000,000    
PAI | Retained Business        
ASSETS        
Total investments   3,900,000,000    
Cash and cash equivalents   941,000,000    
Reinsurance recoverables   0    
Net modified coinsurance receivable   0    
Income taxes   255,000,000    
Deposit asset   0    
Other assets   61,000,000    
Separate account assets   26,792,000,000    
TOTAL ASSETS   31,949,000,000    
LIABILITIES        
Insurance liabilities   3,362,000,000    
Other liabilities   126,000,000    
Separate account liabilities   26,792,000,000    
TOTAL LIABILITIES   30,280,000,000    
Net assets acquired   1,669,000,000    
Consideration 1,762,000,000      
Goodwill   93,000,000    
PAI | Ceded Business        
ASSETS        
Total investments   6,907,000,000    
Cash and cash equivalents   637,000,000    
Reinsurance recoverables   250,000,000    
Net modified coinsurance receivable   68,000,000    
Income taxes   0    
Deposit asset   2,596,000,000    
Other assets   35,000,000    
Separate account assets   2,634,000,000    
TOTAL ASSETS   13,127,000,000    
LIABILITIES        
Insurance liabilities   10,249,000,000    
Other liabilities   244,000,000    
Separate account liabilities   2,634,000,000    
TOTAL LIABILITIES   13,127,000,000    
Net assets acquired   0    
Consideration $ 0      
Goodwill   $ 0