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INVESTMENTS - Summary of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Fixed maturity securities – available for sale            
Amortized Cost $ 15,141   $ 13,699      
Allowances for Credit Losses (57) $ (56) (46) $ (27) $ (29) $ (27)
Unrealized Appreciation 37   30      
Unrealized Depreciation (919)   (1,013)      
Fair Value 14,202   12,671      
Fixed maturity securities – held to maturity            
Amortized Cost 796   820      
Allowances for Credit Loss (8) (9) (9)      
Unrealized Appreciation 4   3      
Unrealized Depreciation (21)   (22)      
Fair Value 771   793      
U.S. Treasury securities and obligations of U.S. government agencies and corporations            
Fixed maturity securities – available for sale            
Amortized Cost 475   575      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (37)   (40)      
Fair Value 439   535      
Obligations of U.S. states and political subdivisions            
Fixed maturity securities – available for sale            
Amortized Cost 424   444      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 1   2      
Unrealized Depreciation (30)   (32)      
Fair Value 395   413      
Corporate Securities            
Fixed maturity securities – available for sale            
Amortized Cost 4,552   3,913      
Allowances for Credit Losses (55) (55) (45) (26) (20) (19)
Unrealized Appreciation 21   14      
Unrealized Depreciation (309)   (322)      
Fair Value 4,209   3,561      
Fixed maturity securities – held to maturity            
Amortized Cost 152   152      
Allowances for Credit Loss (2) (2) (2)      
Unrealized Appreciation 0   0      
Unrealized Depreciation (6)   (6)      
Fair Value 144   144      
Asset Backed Securities            
Fixed maturity securities – available for sale            
Amortized Cost 4,783   4,111      
Allowances for Credit Losses 0 0 0 0 (8) (8)
Unrealized Appreciation 5   5      
Unrealized Depreciation (111)   (165)      
Fair Value 4,676   3,951      
Fixed maturity securities – held to maturity            
Amortized Cost 603   634      
Allowances for Credit Loss (6) (6) (6)      
Unrealized Appreciation 2   2      
Unrealized Depreciation (15)   (15)      
Fair Value 585   614      
Commercial            
Fixed maturity securities – available for sale            
Amortized Cost 567   569      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (63)   (59)      
Fair Value 503   509      
Fixed maturity securities – held to maturity            
Amortized Cost 14   7      
Allowances for Credit Loss 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation 0   0      
Fair Value 13   7      
Agency residential            
Fixed maturity securities – available for sale            
Amortized Cost 1,817   1,792      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 3   3      
Unrealized Depreciation (166)   (167)      
Fair Value 1,654   1,628      
Non-agency residential            
Fixed maturity securities – available for sale            
Amortized Cost 60   3      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (1)   0      
Fair Value 59   3      
Foreign government securities            
Fixed maturity securities – available for sale            
Amortized Cost 735   696      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 3   2      
Unrealized Depreciation (53)   (61)      
Fair Value 684   637      
Foreign Corporate            
Fixed maturity securities – available for sale            
Amortized Cost 1,729   1,597      
Allowances for Credit Losses (1) (1) (1) $ (2) $ (1) $ 0
Unrealized Appreciation 5   4      
Unrealized Depreciation (149)   (167)      
Fair Value 1,583   1,433      
Fixed maturity securities – held to maturity            
Amortized Cost 28   28      
Allowances for Credit Loss (1) $ (1) (1)      
Unrealized Appreciation 2   2      
Unrealized Depreciation 0   0      
Fair Value $ 29   $ 28