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REINSURANCE - Schedule of Reinsurance (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Premiums earned:        
Gross amounts, including reinsurance assumed $ 2,089 $ 1,441 $ 4,150 $ 2,528
Reinsurance ceded (573) (342) (1,103) (629)
Net amount 1,516 1,099 3,047 1,899
Other policy revenue:        
Gross amounts, including reinsurance assumed 203 103 315 200
Reinsurance ceded (3) 0 (3) 0
Net amount 200 103 312 200
Policyholder benefits and claims incurred:        
Gross amounts, including reinsurance assumed (2,013) (1,377) (3,742) (2,217)
Reinsurance ceded 498 244 813 342
Net amount (1,515) (1,133) (2,929) (1,875)
Interest sensitive contract benefits:        
Gross amounts, including reinsurance assumed (521) (215) (810) (403)
Reinsurance ceded 99 59 203 160
Net amount (422) (156) (607) (243)
Change in fair value of market risk benefits:        
Gross amounts, including reinsurance assumed (161) 14 (192) 8
Reinsurance ceded (7) 0 (7) 0
Net amount $ (168) $ 14 $ (199) $ 8