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AVAILABLE-FOR-SALE FIXED MATURITY SECURITIES - Schedule of Gross Unrealized Losses and Fair Value of Available-for-Sale Fixed Maturity Securities (Details) $ in Millions | Jun. 30, 2025 USD ($) position | Dec. 31, 2024 USD ($) position
--- | --- | ---
Number of Issues |  |
Less than 12 months | position | 1,193 | 2,257
12 months or more | position | 671 | 867
Total | position | 1,864 | 3,124
Gross Unrealized Losses |  |
Less than 12 months | $ (244) | $ (295)
12 months or more | (367) | (372)
Total | (611) | (667)
Fair Value |  |
Less than 12 months | 9,083 | 11,700
12 months or more | 5,126 | 5,488
Total | $ 14,209 | $ 17,188
U.S. treasury and government |  |
Number of Issues |  |
Less than 12 months | position | 4 | 6
12 months or more | position | 21 | 19
Total | position | 25 | 25
Gross Unrealized Losses |  |
Less than 12 months | $ (8) | $ (7)
12 months or more | (34) | (36)
Total | (42) | (43)
Fair Value |  |
Less than 12 months | 18 | 54
12 months or more | 101 | 87
Total | $ 119 | $ 141
U.S. state and municipal |  |
Number of Issues |  |
Less than 12 months | position | 140 | 174
12 months or more | position | 93 | 190
Total | position | 233 | 364
Gross Unrealized Losses |  |
Less than 12 months | $ (17) | $ (20)
12 months or more | (18) | (10)
Total | (35) | (30)
Fair Value |  |
Less than 12 months | 788 | 851
12 months or more | 222 | 280
Total | $ 1,010 | $ 1,131
Foreign governments |  |
Number of Issues |  |
Less than 12 months | position | 37 | 30
12 months or more | position | 28 | 28
Total | position | 65 | 58
Gross Unrealized Losses |  |
Less than 12 months | $ (16) | $ (38)
12 months or more | (19) | (13)
Total | (35) | (51)
Fair Value |  |
Less than 12 months | 702 | 1,520
12 months or more | 91 | 49
Total | $ 793 | $ 1,569
Corporate debt securities |  |
Number of Issues |  |
Less than 12 months | position | 803 | 1,669
12 months or more | position | 480 | 590
Total | position | 1,283 | 2,259
Gross Unrealized Losses |  |
Less than 12 months | $ (149) | $ (172)
12 months or more | (247) | (305)
Total | (396) | (477)
Fair Value |  |
Less than 12 months | 5,550 | 7,199
12 months or more | 4,053 | 4,949
Total | $ 9,603 | $ 12,148
Residential mortgage-backed securities |  |
Number of Issues |  |
Less than 12 months | position | 38 | 95
12 months or more | position | 4 | 16
Total | position | 42 | 111
Gross Unrealized Losses |  |
Less than 12 months | $ (1) | $ (4)
12 months or more | (1) | (1)
Total | (2) | (5)
Fair Value |  |
Less than 12 months | 138 | 227
12 months or more | 21 | 61
Total | $ 159 | $ 288
Commercial mortgage-backed securities |  |
Number of Issues |  |
Less than 12 months | position | 47 | 104
12 months or more | position | 25 | 9
Total | position | 72 | 113
Gross Unrealized Losses |  |
Less than 12 months | $ (26) | $ (25)
12 months or more | (13) | (5)
Total | (39) | (30)
Fair Value |  |
Less than 12 months | 481 | 667
12 months or more | 164 | 27
Total | $ 645 | $ 694
Collateralized debt securities |  |
Number of Issues |  |
Less than 12 months | position | 124 | 179
12 months or more | position | 20 | 15
Total | position | 144 | 194
Gross Unrealized Losses |  |
Less than 12 months | $ (27) | $ (29)
12 months or more | (35) | (2)
Total | (62) | (31)
Fair Value |  |
Less than 12 months | 1,406 | 1,182
12 months or more | 474 | 35
Total | $ 1,880 | $ 1,217

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