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DEFERRED ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Tables)
6 Months Ended
Jun. 30, 2022
Deferred Acquisition Costs [Abstract]  
Schedule of deferred acquisition costs
The following table presents movement in deferred acquisition costs and the impact on expenses:

AS AT AND FOR THE SIX MONTHS ENDED JUN. 30
US$ MILLIONS
20222021
Deferred acquisition costs, beginning of period$776 $— 
Acquisition from business combination273 — 
Costs capitalized under reinsurance contracts118 — 
Amortization and other(56)— 
Deferred acquisition costs, end of period$1,111 $—