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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Earnings per share [line items]        
Net income $ 1 $ 2 $ 129 $ 5
Net income for the period $ (2) $ 0 $ (2) $ 0
Weighted average number of shares outstanding, basic (in shares) 28,003,194 16,934,688 25,786,188 16,934,688
Net earnings (loss) per basic share (USD per share) $ 0.06 $ 0.00 $ 4.99 $ 0.00
Class A exchangeable shares        
Earnings per share [line items]        
Net income for the period [1] $ 0 $ 2 $ 0 $ 5
Class A exchangeable and Class B shareholders        
Earnings per share [line items]        
Net income for the period [2] 1 0 3 0
Class C shareholders        
Earnings per share [line items]        
Net income for the period [2] $ 2 $ 0 $ 128 $ 0
Net earnings (loss) per basic share (USD per share) [3] $ 0.06 $ 0 $ 4.99 $ 0
[1] For the periods prior to June 28, 2021. See Note 2(b).
[2] For the period June 28, 2021 onward. See Note 2(b).
[3] Basic earnings per share for the three and six months ended January 1, 2021 to June 28, 2021 are attributed to our predecessor company Brookfield Annuity Holdings Inc., which was a wholly owned subsidiary of Brookfield Asset Management Inc.