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FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Fair Value Hierarchy Measurements of Financial Instruments (Details) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Dec. 31, 2022
Financial assets        
Available-for-sale fixed maturity securities, at fair value $ 52,597,000,000 $ 18,777,000,000    
Equity securities 2,804,000,000 3,663,000,000    
Investment real estate 2,163,000,000 861,000,000    
Real estate partnerships 4,502,000,000 3,110,000,000    
Investment funds 3,403,000,000 2,483,000,000    
Short-term investments 2,910,000,000 3,115,000,000    
Cash and cash equivalents 14,335,000,000 4,308,000,000    
Reinsurance funds withheld – embedded derivative 1,573,000,000 7,248,000,000    
Other assets – market risk benefit assets 1,855,000,000 730,000,000    
Separate account assets 1,266,000,000 1,189,000,000    
Financial liabilities        
Policyholders’ account balances – embedded derivative 1,230,000,000 1,104,000,000    
Market risk benefits 3,276,000,000 89,000,000    
Other liabilities – derivative liabilities 73,000,000 114,000,000    
Separate account liabilities 1,266,000,000 1,189,000,000 $ 1,145,000,000 $ 1,045,000,000
Not subject to fair value hierarchy        
Financial assets        
Investment funds 645,000,000 0    
Other 471,000,000 12,000,000    
Reinsurance funds withheld – embedded derivative 1,500,000,000 7,300,000,000    
Separate account assets 32,000,000 26,000,000    
U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 398,000,000 497,000,000    
U.S. states and political subdivisions        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,384,000,000 670,000,000    
Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 990,000,000 614,000,000    
Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 36,228,000,000 14,592,000,000    
Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 1,309,000,000 376,000,000    
Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,463,000,000 726,000,000    
Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 6,825,000,000 1,302,000,000    
Total Fair Value        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 52,597,000,000 18,777,000,000    
Equity securities 2,804,000,000 3,239,000,000    
Investment real estate 1,279,000,000      
Real estate partnerships 39,000,000      
Investment funds 111,000,000      
Short-term investments 2,910,000,000 3,115,000,000    
Derivative assets 1,620,000,000 342,000,000    
Separately managed accounts 89,000,000 105,000,000    
Other 429,000,000 46,000,000    
Cash and cash equivalents 14,335,000,000 4,308,000,000    
Reinsurance funds withheld – embedded derivative 34,000,000 (46,000,000)    
Premiums due and other receivables – derivative asset 22,000,000      
Other assets – market risk benefit assets 704,000,000 34,000,000    
Separate account assets 1,234,000,000 1,163,000,000    
Total financial assets 78,207,000,000 31,083,000,000    
Financial liabilities        
Policyholders’ account balances – embedded derivative 1,196,000,000 1,104,000,000    
Market risk benefits 3,276,000,000 89,000,000    
Funds withheld for reinsurance liabilities – embedded derivative 34,000,000      
Other liabilities – derivative liabilities 14,000,000 12,000,000    
Separate account liabilities 1,234,000,000 1,163,000,000    
Total financial liabilities 5,754,000,000 2,368,000,000    
Total Fair Value | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 398,000,000 497,000,000    
Total Fair Value | U.S. states and political subdivisions        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,384,000,000 670,000,000    
Total Fair Value | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 990,000,000 614,000,000    
Total Fair Value | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 36,228,000,000 14,592,000,000    
Total Fair Value | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 1,309,000,000 376,000,000    
Total Fair Value | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,463,000,000 726,000,000    
Total Fair Value | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 6,825,000,000 1,302,000,000    
Total Fair Value | Common stock        
Financial assets        
Equity securities 2,660,000,000 3,073,000,000    
Total Fair Value | Preferred stock        
Financial assets        
Equity securities 140,000,000 121,000,000    
Total Fair Value | Private equity and other        
Financial assets        
Equity securities 4,000,000 45,000,000    
Level 1        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 347,000,000 442,000,000    
Equity securities 2,120,000,000 2,719,000,000    
Investment real estate 0      
Real estate partnerships 0      
Investment funds 0      
Short-term investments 1,737,000,000 1,948,000,000    
Derivative assets 0 0    
Separately managed accounts 0 0    
Other 0 0    
Cash and cash equivalents 14,312,000,000 4,264,000,000    
Reinsurance funds withheld – embedded derivative 0 0    
Premiums due and other receivables – derivative asset 0      
Other assets – market risk benefit assets 0 0    
Separate account assets 200,000,000 405,000,000    
Total financial assets 18,716,000,000 9,778,000,000    
Financial liabilities        
Policyholders’ account balances – embedded derivative 0 0    
Market risk benefits 0 0    
Funds withheld for reinsurance liabilities – embedded derivative 0      
Other liabilities – derivative liabilities 0 8,000,000    
Separate account liabilities 200,000,000 405,000,000    
Total financial liabilities 200,000,000 413,000,000    
Level 1 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 347,000,000 442,000,000    
Level 1 | U.S. states and political subdivisions        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 1 | Common stock        
Financial assets        
Equity securities 2,083,000,000 2,682,000,000    
Level 1 | Preferred stock        
Financial assets        
Equity securities 37,000,000 37,000,000    
Level 1 | Private equity and other        
Financial assets        
Equity securities 0 0    
Level 2        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 46,433,000,000 15,686,000,000    
Equity securities 2,000,000 0    
Investment real estate 0      
Real estate partnerships 0      
Investment funds 0      
Short-term investments 594,000,000 40,000,000    
Derivative assets 1,366,000,000 115,000,000    
Separately managed accounts 0 0    
Other 4,000,000 0    
Cash and cash equivalents 23,000,000 44,000,000    
Reinsurance funds withheld – embedded derivative 0 0    
Premiums due and other receivables – derivative asset 22,000,000      
Other assets – market risk benefit assets 0 0    
Separate account assets 1,034,000,000 758,000,000    
Total financial assets 49,478,000,000 16,643,000,000    
Financial liabilities        
Policyholders’ account balances – embedded derivative 0 232,000,000    
Market risk benefits 0 0    
Funds withheld for reinsurance liabilities – embedded derivative 0      
Other liabilities – derivative liabilities 14,000,000 4,000,000    
Separate account liabilities 1,034,000,000 758,000,000    
Total financial liabilities 1,048,000,000 994,000,000    
Level 2 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 51,000,000 55,000,000    
Level 2 | U.S. states and political subdivisions        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,132,000,000 670,000,000    
Level 2 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 990,000,000 614,000,000    
Level 2 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 33,307,000,000 12,314,000,000    
Level 2 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 1,286,000,000 376,000,000    
Level 2 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 3,406,000,000 696,000,000    
Level 2 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 4,261,000,000 961,000,000    
Level 2 | Common stock        
Financial assets        
Equity securities 2,000,000 0    
Level 2 | Preferred stock        
Financial assets        
Equity securities 0 0    
Level 2 | Private equity and other        
Financial assets        
Equity securities 0 0    
Level 3        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 5,817,000,000 2,649,000,000    
Equity securities 682,000,000 520,000,000    
Investment real estate 1,279,000,000      
Real estate partnerships 39,000,000      
Investment funds 111,000,000      
Short-term investments 579,000,000 1,127,000,000    
Derivative assets 254,000,000 227,000,000    
Separately managed accounts 89,000,000 105,000,000    
Other 425,000,000 46,000,000    
Cash and cash equivalents 0 0    
Reinsurance funds withheld – embedded derivative 34,000,000 (46,000,000)    
Premiums due and other receivables – derivative asset 0      
Other assets – market risk benefit assets 704,000,000 34,000,000    
Separate account assets 0 0    
Total financial assets 10,013,000,000 4,662,000,000    
Financial liabilities        
Policyholders’ account balances – embedded derivative 1,196,000,000 872,000,000    
Market risk benefits 3,276,000,000 89,000,000    
Funds withheld for reinsurance liabilities – embedded derivative 34,000,000      
Other liabilities – derivative liabilities 0 0    
Separate account liabilities 0 0    
Total financial liabilities 4,506,000,000 961,000,000    
Level 3 | U.S. treasury and government        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 3 | U.S. states and political subdivisions        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 252,000,000 0    
Level 3 | Foreign governments        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 0 0    
Level 3 | Corporate debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 2,921,000,000 2,278,000,000    
Level 3 | Residential mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 23,000,000 0    
Level 3 | Commercial mortgage-backed securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 57,000,000 30,000,000    
Level 3 | Collateralized debt securities        
Financial assets        
Available-for-sale fixed maturity securities, at fair value 2,564,000,000 341,000,000    
Level 3 | Common stock        
Financial assets        
Equity securities 575,000,000 391,000,000    
Level 3 | Preferred stock        
Financial assets        
Equity securities 103,000,000 84,000,000    
Level 3 | Private equity and other        
Financial assets        
Equity securities $ 4,000,000 $ 45,000,000