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DERIVATIVE INSTRUMENTS - Schedule of Offsetting Derivatives (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative assets:    
Gross amount of derivative instruments $ 1,679 $ 444
Gross amounts offset in the statements of financial position (59) (102)
Net amount presented on the statements of financial position 1,620 342
Collateral (received) pledged in cash (1,587) (209)
Collateral (received) pledged in invested assets (21) (17)
Exposure net of collateral 12 116
Derivative liabilities:    
Gross amount of derivative instruments (73) (114)
Gross amounts offset in the statements of financial position2 59 102
Net amount presented on the statements of financial position (14) (12)
Collateral (received) pledged in cash 3 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral (11) (12)
Collaterals held in cash and invested assets that are excess collateral 52 4
Equity-indexed options    
Derivative assets:    
Gross amount of derivative instruments 1,619 322
Gross amounts offset in the statements of financial position (8) 0
Net amount presented on the statements of financial position 1,611 322
Collateral (received) pledged in cash (1,587) (209)
Collateral (received) pledged in invested assets (21) (17)
Exposure net of collateral 3 96
Derivative liabilities:    
Gross amount of derivative instruments (8)  
Gross amounts offset in the statements of financial position2 8  
Net amount presented on the statements of financial position 0  
Collateral (received) pledged in cash 0  
Collateral (received) pledged in invested assets 0  
Exposure net of collateral 0  
Foreign exchange forwards    
Derivative assets:    
Gross amount of derivative instruments 11 16
Gross amounts offset in the statements of financial position (7) (4)
Net amount presented on the statements of financial position 4 12
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 4 12
Derivative liabilities:    
Gross amount of derivative instruments (18) (8)
Gross amounts offset in the statements of financial position2 7 4
Net amount presented on the statements of financial position (11) (4)
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral (11) (4)
Bond futures    
Derivative assets:    
Gross amount of derivative instruments 10 65
Gross amounts offset in the statements of financial position (10) (65)
Net amount presented on the statements of financial position 0 0
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 0 0
Derivative liabilities:    
Gross amount of derivative instruments (13) (73)
Gross amounts offset in the statements of financial position2 10 65
Net amount presented on the statements of financial position (3) (8)
Collateral (received) pledged in cash 3 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 0 (8)
Cross currency swaps    
Derivative assets:    
Gross amount of derivative instruments 12 12
Gross amounts offset in the statements of financial position (12) (12)
Net amount presented on the statements of financial position 0 0
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 0 0
Derivative liabilities:    
Gross amount of derivative instruments (12) (12)
Gross amounts offset in the statements of financial position2 12 12
Net amount presented on the statements of financial position 0 0
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 0 0
Interest rate swaps    
Derivative assets:    
Gross amount of derivative instruments 27 29
Gross amounts offset in the statements of financial position (22) (21)
Net amount presented on the statements of financial position 5 8
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral 5 8
Derivative liabilities:    
Gross amount of derivative instruments (22) (21)
Gross amounts offset in the statements of financial position2 22 21
Net amount presented on the statements of financial position 0 0
Collateral (received) pledged in cash 0 0
Collateral (received) pledged in invested assets 0 0
Exposure net of collateral $ 0 $ 0