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INVESTMENTS - Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Appreciation/(Depreciation) and Fair Value of Fixed Maturity Securities (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Fixed maturity securities – available for sale            
Amortized Cost $ 15,520   $ 13,699      
Allowances for Credit Losses (58) $ (57) (46) $ (30) $ (27) $ (27)
Unrealized Appreciation 29   30      
Unrealized Depreciation (1,057)   (1,013)      
Fair Value 14,434   12,671      
Fixed maturity securities – held to maturity            
Amortized Cost 791   820      
Allowances for Credit Loss (8) (8) (9) (9) 0 0
Unrealized Appreciation 4   3      
Unrealized Depreciation (27)   (22)      
Fair Value 759   793      
U.S. Treasury securities and obligations of U.S. government agencies and corporations            
Fixed maturity securities – available for sale            
Amortized Cost 450   575      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (38)   (40)      
Fair Value 412   535      
Obligations of U.S. states and political subdivisions            
Fixed maturity securities – available for sale            
Amortized Cost 406   444      
Allowances for Credit Losses (1) 0 0      
Unrealized Appreciation 0   2      
Unrealized Depreciation (42)   (32)      
Fair Value 363   413      
Corporate securities            
Fixed maturity securities – available for sale            
Amortized Cost 4,577   3,913      
Allowances for Credit Losses (57) (55) (45) (29) (26) (19)
Unrealized Appreciation 11   14      
Unrealized Depreciation (371)   (322)      
Fair Value 4,160   3,561      
Fixed maturity securities – held to maturity            
Amortized Cost 156   152      
Allowances for Credit Loss (2) (2) (2) (2) 0 0
Unrealized Appreciation 1   0      
Unrealized Depreciation (9)   (6)      
Fair Value 146   144      
Asset-backed securities            
Fixed maturity securities – available for sale            
Amortized Cost 5,029   4,111      
Allowances for Credit Losses 0   0 0 0 (8)
Unrealized Appreciation 14   5      
Unrealized Depreciation (63)   (165)      
Fair Value 4,980   3,951      
Fixed maturity securities – held to maturity            
Amortized Cost 595   634      
Allowances for Credit Loss (5) (6) (6) (6) 0 0
Unrealized Appreciation 3   2      
Unrealized Depreciation (18)   (15)      
Fair Value 574   614      
Commercial            
Fixed maturity securities – available for sale            
Amortized Cost 626   569      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (70)   (59)      
Fair Value 556   509      
Fixed maturity securities – held to maturity            
Amortized Cost 15   7      
Allowances for Credit Loss 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation 0   0      
Fair Value 15   7      
Agency residential            
Fixed maturity securities – available for sale            
Amortized Cost 1,777   1,792      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   3      
Unrealized Depreciation (240)   (167)      
Fair Value 1,537   1,628      
Non-agency residential            
Fixed maturity securities – available for sale            
Amortized Cost 216   3      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 0   0      
Unrealized Depreciation (9)   0      
Fair Value 207   3      
Foreign government securities            
Fixed maturity securities – available for sale            
Amortized Cost 749   696      
Allowances for Credit Losses 0   0      
Unrealized Appreciation 1   2      
Unrealized Depreciation (66)   (61)      
Fair Value 683   637      
Foreign corporate securities            
Fixed maturity securities – available for sale            
Amortized Cost 1,690   1,597      
Allowances for Credit Losses (1) (1) (1) (1) (2) 0
Unrealized Appreciation 2   4      
Unrealized Depreciation (157)   (167)      
Fair Value 1,534   1,433      
Fixed maturity securities – held to maturity            
Amortized Cost 24   28      
Allowances for Credit Loss (1) $ (1) (1) $ (1) $ 0 $ 0
Unrealized Appreciation 1   2      
Unrealized Depreciation 0   0      
Fair Value $ 24   $ 28