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FUTURE POLICY BENEFITS - Schedule of Changes in Liability for Future Policy Benefits (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Present value of expected future policy benefits:        
Balance, end of period $ 11,676 $ 10,365    
Total future policy benefits 10,920   $ 9,813  
Annuity        
Present value of expected future policy benefits:        
Balance, end of period 6,877 4,929    
Life        
Present value of expected future policy benefits:        
Balance, end of period 4,799 5,436    
Future Policy Benefits        
Present value of expected net premiums:        
Balance, beginning of period 3,145 3,520    
Beginning balance at original discount rate 3,253 3,825    
Effect of changes in cash flow assumptions     (62) $ 1
Effect of actual variances from expected experience     (28) (25)
Adjusted beginning of period balance     3,163 3,801
Issuances 1,312 722    
Interest accrual 71 63    
Net premiums collected (1,457) (847)    
Derecognitions (lapses and withdrawals) (1) (1)    
Ending balance at original discount rate 3,090 3,740    
Effect of changes in discount rate assumptions (235) (238)    
Balance, end of period 2,855 3,502    
Present value of expected future policy benefits:        
Balance, beginning of period 10,771 9,582    
Beginning balance at original discount rate 11,186 10,548    
Effect of changes in cash flow assumptions     86 (11)
Effect of actual variances from expected experience     (14) (43)
Adjusted beginning of period balance     11,258 10,494
Acquisition from business combination 311      
Issuances 1,319 725    
Interest accrual 245 180    
Benefit payments (540) (361)    
Derecognitions (lapses and withdrawals) 2 1    
Foreign currency translation (114) 75    
Ending balance at original discount rate 12,481 11,114    
Effect of changes in discount rate assumptions (858) (743)    
Effect of foreign currency translation on the effect of changes in discount rate assumptions   6    
Balance, end of period 11,623 10,365    
Total future policy benefits 8,768 6,863    
Less: Reinsurance recoverables (81) (102)    
Net liability for future policy benefits, after reinsurance recoverable 8,687 6,761    
Future Policy Benefits | Annuity        
Present value of expected net premiums:        
Balance, beginning of period 0 0    
Beginning balance at original discount rate 0 0    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     6 1
Adjusted beginning of period balance     6 1
Issuances 1,280 664    
Interest accrual 9 6    
Net premiums collected (1,295) (671)    
Derecognitions (lapses and withdrawals) 0 0    
Ending balance at original discount rate 0 0    
Effect of changes in discount rate assumptions 0 0    
Balance, end of period 0 0    
Present value of expected future policy benefits:        
Balance, beginning of period 5,731 4,252    
Beginning balance at original discount rate 5,909 4,673    
Effect of changes in cash flow assumptions     12 (12)
Effect of actual variances from expected experience     19 (16)
Adjusted beginning of period balance     5,940 4,645
Acquisition from business combination 311      
Issuances 1,287 667    
Interest accrual 144 92    
Benefit payments (312) (214)    
Derecognitions (lapses and withdrawals) 1 0    
Foreign currency translation (114) 75    
Ending balance at original discount rate 7,257 5,265    
Effect of changes in discount rate assumptions (353) (331)    
Effect of foreign currency translation on the effect of changes in discount rate assumptions   6    
Balance, end of period 6,904 4,928    
Total future policy benefits 6,904 4,928    
Less: Reinsurance recoverables (35) (54)    
Net liability for future policy benefits, after reinsurance recoverable $ 6,869 $ 4,874    
Weighted-average liability duration of future policy benefits (years) 8 years 9 years    
Weighted average interest accretion rate 5.00% 4.00%    
Weighted average current discount rate 5.00% 6.00%    
Liability remeasurement gain (loss) $ (60) $ 1    
Future Policy Benefits | Life        
Present value of expected net premiums:        
Balance, beginning of period 3,145 3,520    
Beginning balance at original discount rate 3,253 3,825    
Effect of changes in cash flow assumptions     (62) 1
Effect of actual variances from expected experience     (34) (26)
Adjusted beginning of period balance     3,157 3,800
Issuances 32 58    
Interest accrual 62 57    
Net premiums collected (162) (176)    
Derecognitions (lapses and withdrawals) (1) (1)    
Ending balance at original discount rate 3,090 3,740    
Effect of changes in discount rate assumptions (235) (238)    
Balance, end of period 2,855 3,502    
Present value of expected future policy benefits:        
Balance, beginning of period 5,040 5,330    
Beginning balance at original discount rate 5,277 5,875    
Effect of changes in cash flow assumptions     74 1
Effect of actual variances from expected experience     (33) (27)
Adjusted beginning of period balance     $ 5,318 $ 5,849
Acquisition from business combination 0      
Issuances 32 58    
Interest accrual 101 88    
Benefit payments (228) (147)    
Derecognitions (lapses and withdrawals) 1 1    
Foreign currency translation 0 0    
Ending balance at original discount rate 5,224 5,849    
Effect of changes in discount rate assumptions (505) (412)    
Effect of foreign currency translation on the effect of changes in discount rate assumptions   0    
Balance, end of period 4,719 5,437    
Total future policy benefits 1,864 1,935    
Less: Reinsurance recoverables (46) (48)    
Net liability for future policy benefits, after reinsurance recoverable $ 1,818 $ 1,887    
Weighted-average liability duration of future policy benefits (years) 16 years 16 years    
Weighted average interest accretion rate 5.00% 5.00%    
Weighted average current discount rate 6.00% 5.00%