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DERIVATIVE INSTRUMENTS - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value and Derivative Instruments, Gain (Loss) (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivatives, Fair Value [Line Items]    
Assets $ 34 $ (46)
Liabilities (1,230) (1,104)
Modco arrangement | Reinsurance funds withheld    
Derivatives, Fair Value [Line Items]    
Assets 34 (46)
Liabilities 0 0
Indexed annuity and variable annuity product | Policyholders’ account balances    
Derivatives, Fair Value [Line Items]    
Assets 0 0
Liabilities (1,196) (1,104)
Funds withheld arrangement | Funds withheld for reinsurance liabilities    
Derivatives, Fair Value [Line Items]    
Assets 0 0
Liabilities $ (34) $ 0