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SEGMENT REPORTING (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
segment
Mar. 31, 2022
segment
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
segment
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Disclosure of operating segments [abstract]              
Number of operating segment | segment 3 2   3      
Disclosure of operating segments [line items]              
Net premiums $ 1,423   $ 50 $ 1,737 $ 52    
Segment revenues 1,284   89 1,583 28    
Proportionate share of equity accounted investment adjusted earnings 72   0 86 0    
Changes in deferred acquisition costs 52   0 76 0    
Interest expense (34)   0 (43) 0    
Income tax expenses (6)   (1) (11) (2)    
Depreciation expense       (3) 0    
Income tax expense (6)   (1) (11) (2)    
Proportionate share of equity accounted investment adjusted earnings (72)   0 (86) 0    
Add: Income from equity accounted investments       86 0    
Net income 1   2 129 5    
Ceded premiums 81   0 82 0    
Assets 41,019     41,019   $ 11,493  
Liabilities 39,711     39,711   10,058  
Equity 1,308   1,252 1,308 1,252 1,435 $ 83
Material reconciling items [member]              
Disclosure of operating segments [line items]              
Proportionate share of equity accounted investment adjusted earnings 15     31      
Income tax expenses (7)   0 (12) 0    
Corporate expenses (9)     (13)      
Interest expense on junior preferred shares (11)     (11)      
Depreciation expense (3)     (3)      
Income tax expense (7)   0 (12) 0    
Other mark-to-market on investments and derivatives (20)   3 90 7    
Other corporate activities (38)     11      
Transaction costs 0     24 1    
Proportionate share of equity accounted investment adjusted earnings (15)     (31)      
Add: Income from equity accounted investments 49     62      
Total              
Disclosure of operating segments [line items]              
Net premiums 1,454   50 1,768 52    
Other net investment income, including funds withheld 174   9 245 20    
Segment revenues 1,628   59 2,013 72    
Proportionate share of equity accounted investment adjusted earnings 15     31      
Benefits paid on insurance contracts, net (284)   (15) (418) (26)    
Changes in insurance reserves, net (1,203)   (39) (1,448) (40)    
Changes in deferred acquisition costs 52     76      
Interest credited to other policyholder account balances (5)     (5)      
Other reinsurance expenses (90)   0 (117) 0    
Operating expenses excluding transactions costs (49)   (6) (57) (9)    
Interest expense (10)     (16)      
Income tax expenses 1     1      
Segment DOE 55   (1) 60 (3)    
Income tax expense 1     1      
Proportionate share of equity accounted investment adjusted earnings (15)     (31)      
Assets 41,019     41,019   11,493  
Liabilities 39,711     39,711   10,058  
Equity 1,308     1,308   1,435  
Reinsurance              
Disclosure of operating segments [line items]              
Net premiums 221   0 426 0    
Other net investment income, including funds withheld 49   0 86 0    
Segment revenues 270   0 512 0    
Proportionate share of equity accounted investment adjusted earnings 15     31      
Benefits paid on insurance contracts, net (69)   0 (173) 0    
Changes in insurance reserves, net (210)   0 (346) 0    
Changes in deferred acquisition costs 35     59      
Interest credited to other policyholder account balances 0     0      
Other reinsurance expenses (28)   0 (55) 0    
Operating expenses excluding transactions costs (2)   0 (7) 0    
Interest expense (5)     (11)      
Income tax expenses 0     0      
Segment DOE 6   0 10 0    
Income tax expense 0     0      
Proportionate share of equity accounted investment adjusted earnings (15)     (31)      
Assets 7,782     7,782   7,921  
Liabilities 6,806     6,806   6,803  
Equity 976     976   1,118  
Pension Risk Transfer              
Disclosure of operating segments [line items]              
Net premiums 1,010   50 1,119 52    
Other net investment income, including funds withheld 24   9 58 20    
Segment revenues 1,034   59 1,177 72    
Proportionate share of equity accounted investment adjusted earnings 0     0      
Benefits paid on insurance contracts, net (34)   (15) (64) (26)    
Changes in insurance reserves, net (992)   (39) (1,101) (40)    
Changes in deferred acquisition costs 0     0      
Interest credited to other policyholder account balances 0     0      
Other reinsurance expenses 0   0 0 0    
Operating expenses excluding transactions costs (3)   (6) (6) (9)    
Interest expense 0     0      
Income tax expenses 0     0      
Segment DOE 5   (1) 6 (3)    
Income tax expense 0     0      
Proportionate share of equity accounted investment adjusted earnings 0     0      
Ceded premiums 1     1      
Assets 3,119     3,119   2,473  
Liabilities 2,828     2,828   2,269  
Equity 291     291   204  
Direct Insurance              
Disclosure of operating segments [line items]              
Net premiums 223   0 223 0    
Other net investment income, including funds withheld 101   0 101 0    
Segment revenues 324   0 324 0    
Proportionate share of equity accounted investment adjusted earnings 0     0      
Benefits paid on insurance contracts, net (181)   0 (181) 0    
Changes in insurance reserves, net (1)   0 (1) 0    
Changes in deferred acquisition costs 17     17      
Interest credited to other policyholder account balances (5)     (5)      
Other reinsurance expenses (62)   0 (62) 0    
Operating expenses excluding transactions costs (44)   0 (44) 0    
Interest expense (5)     (5)      
Income tax expenses 1     1      
Segment DOE 44   $ 0 44 $ 0    
Income tax expense 1     1      
Proportionate share of equity accounted investment adjusted earnings 0     0      
Ceded premiums 81     81      
Assets 28,912     28,912   0  
Liabilities 25,359     25,359   0  
Equity 3,553     3,553   0  
Other              
Disclosure of operating segments [line items]              
Assets 1,206     1,206   1,099  
Liabilities 4,718     4,718   986  
Equity $ (3,512)     $ (3,512)   $ 113