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SEGMENT INFORMATION - Balance Sheet by Segment (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Total investments $ 6,168 $ 5,879
Cash and cash equivalents 441 940
Accrued investment income 60 60
Reinsurance recoverables, at fair value 155 206
Deposit asset 426 438
Income taxes 80 99
Other assets 90 61
Separate account assets, at fair value 24,262 23,870
Total assets 31,682 31,553
Liabilities:    
Insurance liabilities 4,545 5,003
Net modified coinsurance payable 72 78
Liabilities associated with secured borrowing arrangements 1,121 967
Other liabilities 260 273
Separate account liabilities, at fair value 24,262 23,870
Total liabilities 30,260 30,191
Total equity 1,422 1,362
TOTAL LIABILITIES AND EQUITY 31,682 31,553
Retained Business    
Assets    
Total investments 4,661 4,680
Cash and cash equivalents 298 534
Accrued investment income 52 51
Reinsurance recoverables, at fair value 0 0
Deposit asset 0 0
Income taxes 80 99
Other assets 43 61
Separate account assets, at fair value 22,146 21,800
Total assets 27,280 27,225
Liabilities:    
Insurance liabilities 2,342 2,835
Net modified coinsurance payable 0 0
Liabilities associated with secured borrowing arrangements 1,121 967
Other liabilities 249 261
Separate account liabilities, at fair value 22,146 21,800
Total liabilities 25,858 25,863
Total equity 1,422 1,362
TOTAL LIABILITIES AND EQUITY 27,280 27,225
Ceded Business    
Assets    
Total investments 1,507 1,199
Cash and cash equivalents 143 406
Accrued investment income 8 9
Reinsurance recoverables, at fair value 155 206
Deposit asset 426 438
Income taxes 0 0
Other assets 47 0
Separate account assets, at fair value 2,116 2,070
Total assets 4,402 4,328
Liabilities:    
Insurance liabilities 2,203 2,168
Net modified coinsurance payable 72 78
Liabilities associated with secured borrowing arrangements 0 0
Other liabilities 11 12
Separate account liabilities, at fair value 2,116 2,070
Total liabilities 4,402 4,328
Total equity 0 0
TOTAL LIABILITIES AND EQUITY $ 4,402 $ 4,328