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ACQUISITION - Schedule of Consideration Transferred, Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
May 02, 2024
Jun. 30, 2025
Dec. 31, 2024
Liabilities assumed:      
Goodwill   $ 783 $ 783
American Equity Investment Life Holdings      
Fair value of consideration transferred:      
Cash $ 2,525    
BAM Shares transferred by the Company 1,111    
Fair value of the Company’s pre-existing reinsurance agreement effectively settled (541)    
Fair value of the Company’s pre-existing interest in AEL 897    
Cash consideration transferred 3,992    
Assets acquired:      
Investments 42,960    
Cash and cash equivalents 13,367    
Accrued investment income 414    
Value of business acquired 9,321    
Reinsurance recoverables and deposit assets 6,851    
Property and equipment 42    
Intangible assets 1,540    
Other assets 671    
Total assets acquired 75,166    
Liabilities assumed:      
Future policy benefits 311    
Policyholders’ account balances 61,473    
Market risk benefits 3,023    
Notes payable 768    
Subsidiary borrowings 84    
Funds withheld for reinsurance liabilities 3,371    
Other liabilities 2,093    
Total liabilities assumed 71,123    
Less: Non-controlling interest 713    
Net assets acquired 3,330    
Goodwill $ 662