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DERIVATIVES AND HEDGING (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The tables below provide a summary, by operating segment, of the gross notional amount and fair value of derivative contracts, by the primary underlying risks. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral.

 March 31, 2024December 31, 2023
Primary Underlying Risk/Instrument TypeGross
Notional Values/Units		Fair ValueGross
Notional Values/Units		Fair Value
AssetsLiabilitiesAssetsLiabilities
 (in millions)
Retained Business
Interest Rate
Interest Rate Swaps$27,932 $364 $(749)$31,096 $580 $(923)
Interest Rate Options215 — — 215 10 (15)
Currency/Interest Rate
Foreign Currency Swaps101 6 — 102 5 — 
Equity
Equity Futures(2,015)3 (46)(2,025)— (71)
Total Return Swaps1,079 2 (110)1,079 — (143)
Equity Options2,912 79 (141)4,046 43 (94)
Total Derivatives, Retained Business30,224 454 (1,046)34,513 638 (1,246)
Ceded Business
Interest Rate
Interest Rate Swaps505 16 (10)605 22 (12)
Currency/Interest Rate
Foreign Currency Swaps37 4 — 37 3 — 
Equity
Total Return Swaps399 — (3)281 — — 
Equity Options2,801 247 (34)2,847 148 (44)
Total Derivatives, Ceded Business 3,742 267 (47)3,770 173 (56)
Total Derivatives (1)$33,966 $721 $(1,093)$38,283 $811 $(1,302)

(1)     Recorded in “Other invested assets” and “Other liabilities” in the Consolidated Statements of Financial Position.
Offsetting Assets
The following table presents recognized derivative instruments and repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position.

 March 31, 2024
 Gross Amounts of Recognized Financial InstrumentsGross Amounts Offset in the
 Statements of Financial Position
Net Amounts
Presented in the Statements of Financial Position
Financial
Instruments/
Collateral(1)		Net
Amount
Counterparty NettingCash Collateral
 (in millions)
Offsetting of Financial Assets:
Derivatives
Retained Business$454 $(438)$— $16 $— $16 
Ceded Business267 (45)— 222 — 222 
Total$721 $(483)$— $238 $— $238 
Offsetting of Financial Liabilities:
Derivatives
Retained Business$1,046 $(438)$(555)$53 $(53)$— 
Ceded Business47 (45)(2)— — — 
Total$1,093 $(483)$(557)$53 $(53)$— 
Repurchase agreements$1,121 $— $— $1,121 $(1,121)$— 

 December 31, 2023
 `Gross Amounts of Recognized Financial InstrumentsGross Amounts Offset in the
 Statements of Financial Position
Net Amounts
Presented in the Statements of Financial Position
Financial
Instruments/
Collateral(1)		Net
Amount
Counterparty NettingCash Collateral
 (in millions)
Offsetting of Financial Assets:
Derivatives
Retained Business$638 $(638)$— $— $— $— 
Ceded Business173 (56)— 117 — 117 
Total $811 $(694)$— $117 $— $117 
Offsetting of Financial Liabilities:
Derivatives
Retained Business$1,246 $(638)$(514)$94 $(94)$— 
Ceded Business56 (56)— — — — 
Total$1,302 $(694)$(514)$94 $(94)$— 
Repurchase agreements$967 $— $— $967 $(967)$— 

(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Liabilities
The following table presents recognized derivative instruments and repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position.

 March 31, 2024
 Gross Amounts of Recognized Financial InstrumentsGross Amounts Offset in the
 Statements of Financial Position
Net Amounts
Presented in the Statements of Financial Position
Financial
Instruments/
Collateral(1)		Net
Amount
Counterparty NettingCash Collateral
 (in millions)
Offsetting of Financial Assets:
Derivatives
Retained Business$454 $(438)$— $16 $— $16 
Ceded Business267 (45)— 222 — 222 
Total$721 $(483)$— $238 $— $238 
Offsetting of Financial Liabilities:
Derivatives
Retained Business$1,046 $(438)$(555)$53 $(53)$— 
Ceded Business47 (45)(2)— — — 
Total$1,093 $(483)$(557)$53 $(53)$— 
Repurchase agreements$1,121 $— $— $1,121 $(1,121)$— 

 December 31, 2023
 `Gross Amounts of Recognized Financial InstrumentsGross Amounts Offset in the
 Statements of Financial Position
Net Amounts
Presented in the Statements of Financial Position
Financial
Instruments/
Collateral(1)		Net
Amount
Counterparty NettingCash Collateral
 (in millions)
Offsetting of Financial Assets:
Derivatives
Retained Business$638 $(638)$— $— $— $— 
Ceded Business173 (56)— 117 — 117 
Total $811 $(694)$— $117 $— $117 
Offsetting of Financial Liabilities:
Derivatives
Retained Business$1,246 $(638)$(514)$94 $(94)$— 
Ceded Business56 (56)— — — — 
Total$1,302 $(694)$(514)$94 $(94)$— 
Repurchase agreements$967 $— $— $967 $(967)$— 

(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Derivative Instruments, Gain (Loss)
The following tables provide the financial statement classification and impact of derivatives, by segment.

Three Months Ended
March 31, 2024March 31, 2023
 Investment gains (losses), netOther incomeTotalInvestment gains (losses), netOther incomeTotal
Retained Business
Interest Rate$(74)$— $(74)$115 $— $115 
Currency/Interest Rate— 2 2 — — — 
Credit2 — 2 — — — 
Equity(282)— (282)(215)— (215)
Total, Retained Business(354)2 (352)(100)— (100)
Ceded Business
Interest Rate2 — 2 31 — 31 
Equity112 — 112 76 — 76 
Total, Ceded Business114 — 114 107 — 107 
Total$(240)$2 $(238)$7 $— $7