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REINSURANCE (Tables) | 6 Months Ended
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Jun. 30, 2024
Insurance [Abstract] |
Schedule of Reinsurance | The effect of reinsurance on the applicable line items on Company’s statements of operations are as follows:
FOR THE PERIODS ENDED JUN. 30 US$ MILLIONS |  | Three Months Ended |  | Six Months Ended |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Premiums earned: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts, including reinsurance assumed |  | $ | 2,089 |  |  | $ | 1,441 |  |  | $ | 4,150 |  |  | $ | 2,528 |  |  |  |  |
Reinsurance ceded |  | (573) |  |  | (342) |  |  | (1,103) |  |  | (629) |  |  |  |  |
Net amount |  | $ | 1,516 |  |  | $ | 1,099 |  |  | $ | 3,047 |  |  | $ | 1,899 |  |  |  |  |
Other policy revenue: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts, including reinsurance assumed |  | $ | 203 |  |  | $ | 103 |  |  | $ | 315 |  |  | $ | 200 |  |  |  |  |
Reinsurance ceded |  | (3) |  |  | — |  |  | (3) |  |  | — |  |  |  |  |
Net amount |  | $ | 200 |  |  | $ | 103 |  |  | $ | 312 |  |  | $ | 200 |  |  |  |  |
Policyholder benefits and claims incurred: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts, including reinsurance assumed |  | $ | (2,013) |  |  | $ | (1,377) |  |  | $ | (3,742) |  |  | $ | (2,217) |  |  |  |  |
Reinsurance ceded |  | 498 |  |  | 244 |  |  | 813 |  |  | 342 |  |  |  |  |
Net amount |  | $ | (1,515) |  |  | $ | (1,133) |  |  | $ | (2,929) |  |  | $ | (1,875) |  |  |  |  |
Interest sensitive contract benefits: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts, including reinsurance assumed |  | $ | (521) |  |  | $ | (215) |  |  | $ | (810) |  |  | $ | (403) |  |  |  |  |
Reinsurance ceded |  | 99 |  |  | 59 |  |  | 203 |  |  | 160 |  |  |  |  |
Net amount |  | $ | (422) |  |  | $ | (156) |  |  | $ | (607) |  |  | $ | (243) |  |  |  |  |
Change in fair value of market risk benefits: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts, including reinsurance assumed |  | $ | (161) |  |  | $ | 14 |  |  | $ | (192) |  |  | $ | 8 |  |  |  |  |
Reinsurance ceded |  | (7) |  |  | — |  |  | (7) |  |  | — |  |  |  |  |
Net amount |  | $ | (168) |  |  | $ | 14 |  |  | $ | (199) |  |  | $ | 8 |  |  |  |  |

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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Period Type: | duration