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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
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Fixed maturity securities – available for sale      
Amortized Cost $ 16,304 $ 13,699  
Allowances for Credit Loss (48) (46) $ (27)
Unrealized Appreciation 212 30  
Unrealized Depreciation (536) (1,013)  
Fair Value 15,932 12,671  
Fixed maturity securities - held to maturity      
Amortized Cost 859 820  
Allowances for Credit Loss (8) (9) 0
Unrealized Appreciation 12 3  
Unrealized Depreciation (13) (22)  
Fair Value 850 793  
U.S. Treasury securities and obligations of U.S. government agencies and corporations      
Fixed maturity securities – available for sale      
Amortized Cost 265 575  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 0 0  
Unrealized Depreciation (17) (40)  
Fair Value 247 535  
Obligations of U.S. states and political subdivisions      
Fixed maturity securities – available for sale      
Amortized Cost 138 444  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 1 2  
Unrealized Depreciation (11) (32)  
Fair Value 128 413  
Corporate securities      
Fixed maturity securities – available for sale      
Amortized Cost 4,400 3,913  
Allowances for Credit Loss (47) (45) (19)
Unrealized Appreciation 96 14  
Unrealized Depreciation (160) (322)  
Fair Value 4,289 3,561  
Fixed maturity securities - held to maturity      
Amortized Cost 150 152  
Allowances for Credit Loss (2) (2) 0
Unrealized Appreciation 1 0  
Unrealized Depreciation (3) (6)  
Fair Value 146 144  
Asset-backed securities      
Fixed maturity securities – available for sale      
Amortized Cost 5,307 4,111  
Allowances for Credit Loss 0 0 (8)
Unrealized Appreciation 23 5  
Unrealized Depreciation (48) (165)  
Fair Value 5,282 3,951  
Fixed maturity securities - held to maturity      
Amortized Cost 604 634  
Allowances for Credit Loss (5) (6) 0
Unrealized Appreciation 4 2  
Unrealized Depreciation (10) (15)  
Fair Value 593 614  
Commercial      
Fixed maturity securities – available for sale      
Amortized Cost 575 569  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 0 0  
Unrealized Depreciation (53) (59)  
Fair Value 522 509  
Fixed maturity securities - held to maturity      
Amortized Cost 21 7  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 0 0  
Unrealized Depreciation 0 0  
Fair Value 21 7  
Agency residential      
Fixed maturity securities – available for sale      
Amortized Cost 2,532 1,792  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 27 3  
Unrealized Depreciation (124) (167)  
Fair Value 2,435 1,628  
Non-agency residential      
Fixed maturity securities – available for sale      
Amortized Cost 429 3  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 14 0  
Unrealized Depreciation (1) 0  
Fair Value 441 3  
Foreign government securities      
Fixed maturity securities – available for sale      
Amortized Cost 859 696  
Allowances for Credit Loss 0 0  
Unrealized Appreciation 15 2  
Unrealized Depreciation (39) (61)  
Fair Value 835 637  
Foreign corporate securities      
Fixed maturity securities – available for sale      
Amortized Cost 1,800 1,597  
Allowances for Credit Loss 0 (1) 0
Unrealized Appreciation 35 4  
Unrealized Depreciation (82) (167)  
Fair Value 1,753 1,433  
Fixed maturity securities - held to maturity      
Amortized Cost 84 28  
Allowances for Credit Loss (1) (1) $ 0
Unrealized Appreciation 7 2  
Unrealized Depreciation 0 0  
Fair Value $ 90 $ 28