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FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Fair Value Assets Measured on Recurring Basis (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | --- | --- | ---
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | $ 12,444 | $ 5,962 |  |
Policy loans | 401 | 390 |  |
Other invested assets, excluding derivatives and separately managed accounts | 1,022 | 279 |  |
Policyholders’ account balance, total | 80,489 | 24,939 |  |
Policy and contract claims – FHLB | 7,397 | 7,288 | $ 1,868 | $ 1,786
Notes payable | 657 | 174 |  |
Level 1 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Total financial assets | 18,716 | 9,778 |  |
Total financial liabilities | 200 | 413 |  |
Level 2 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Total financial assets | 49,478 | 16,643 |  |
Total financial liabilities | 1,048 | 994 |  |
Level 3 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Total financial assets | 10,013 | 4,662 |  |
Total financial liabilities | 4,506 | 961 |  |
Carrying Amount |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 12,444 | 5,962 |  |
Private loans, net of allowance | 2,871 | 1,198 |  |
Policy loans | 401 | 390 |  |
Total financial assets | 94,514 | 46,389 |  |
Corporate and subsidiary borrowings | 4,461 | 3,569 |  |
Total financial liabilities | 10,870 | 6,137 |  |
Fair Value |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 12,228 | 5,683 |  |
Private loans, net of allowance | 2,871 | 855 |  |
Policy loans | 401 | 390 |  |
Total financial assets | 94,281 | 45,767 |  |
Corporate and subsidiary borrowings | 4,444 | 3,567 |  |
Total financial liabilities | 10,853 | 6,135 |  |
Recurring | Level 1 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 0 | 0 |  |
Private loans, net of allowance | 0 | 0 |  |
Policy loans | 0 | 0 |  |
Deposit assets | 0 |  |  |
Other invested assets, excluding derivatives and separately managed accounts | 0 | 0 |  |
Policyholders’ account balance, total | 0 | 0 |  |
Policy and contract claims – FHLB | 0 |  |  |
Corporate and subsidiary borrowings | 0 | 133 |  |
Notes payable | 0 | 0 |  |
Recurring | Level 2 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 0 | 0 |  |
Private loans, net of allowance | 1,056 | 0 |  |
Policy loans | 0 | 0 |  |
Deposit assets | 0 |  |  |
Other invested assets, excluding derivatives and separately managed accounts | 403 | 0 |  |
Policyholders’ account balance, total | 0 | 6,001 |  |
Policy and contract claims – FHLB | 0 |  |  |
Corporate and subsidiary borrowings | 80 | 249 |  |
Notes payable | 0 | 0 |  |
Recurring | Level 3 |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 12,228 | 5,683 |  |
Private loans, net of allowance | 1,815 | 855 |  |
Policy loans | 401 | 390 |  |
Deposit assets | 14,196 |  |  |
Other invested assets, excluding derivatives and separately managed accounts | 51 | 12 |  |
Policyholders’ account balance, total | 76,797 | 14,097 |  |
Policy and contract claims – FHLB | 1,880 |  |  |
Corporate and subsidiary borrowings | 4,364 | 3,185 |  |
Notes payable | 657 | 174 |  |
Recurring | Carrying Amount |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 12,444 | 5,962 |  |
Private loans, net of allowance | 2,871 | 1,198 |  |
Policy loans | 401 | 390 |  |
Deposit assets | 15,261 |  |  |
Other invested assets, excluding derivatives and separately managed accounts | 471 | 12 |  |
Total financial assets | 31,448 | 7,562 |  |
Policyholders’ account balance, total | 76,797 | 21,627 |  |
Policy and contract claims – FHLB | 1,880 |  |  |
Corporate and subsidiary borrowings | 4,461 | 3,569 |  |
Notes payable | 657 | 174 |  |
Total financial liabilities | 83,795 | 25,370 |  |
Recurring | Fair Value |  |  |  |
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items] |  |  |  |
Mortgage loans on real estate, net of allowance | 12,228 | 5,683 |  |
Private loans, net of allowance | 2,871 | 855 |  |
Policy loans | 401 | 390 |  |
Deposit assets | 14,196 |  |  |
Other invested assets, excluding derivatives and separately managed accounts | 454 | 12 |  |
Total financial assets | 30,150 | 6,940 |  |
Policyholders’ account balance, total | 76,797 | 20,098 |  |
Policy and contract claims – FHLB | 1,880 |  |  |
Corporate and subsidiary borrowings | 4,444 | 3,567 |  |
Notes payable | 657 | 174 |  |
Total financial liabilities | $ 83,778 | $ 23,839 |  |

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