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SEGMENT REPORTING - Schedule of Segment Results (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]            
Total revenues $ 3,037   $ 2,902   $ 5,655 $ 5,387
Policyholder benefits, net (1,079)   (1,515)   (2,186) (2,929)
Interest expense (82)   (95)   (155) (167)
Income tax recovery (expense), net (91)   298   (4) 273
Net income 516 $ (282) 269 $ 337 234 606
Operating Segments            
Segment Reporting Information [Line Items]            
Total revenues 2,811   2,913   5,658 5,281
Net income 398   298   835 577
Operating Segments | Annuities            
Segment Reporting Information [Line Items]            
Net premiums and other policy related revenues 493   773   1,045 1,425
Net investment income, including reinsurance funds withheld 1,345   924   2,666 1,387
Total revenues 1,838   1,697   3,711 2,812
Policyholder benefits, net (442)   (747)   (973) (1,426)
Interest sensitive contract benefits, excluding index credits (500)   (311)   (984) (467)
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired (225)   (148)   (447) (175)
Other insurance and reinsurance expenses (122)   (46)   (214) (69)
Operating expenses excluding transactions costs (139)   (129)   (261) (204)
Interest expense 0   0   0 0
Income tax recovery (expense), net 0   (46)   0 (46)
Net income 410   270   832 425
Operating Segments | P&C            
Segment Reporting Information [Line Items]            
Net premiums and other policy related revenues 633   750   1,281 1,541
Net investment income, including reinsurance funds withheld 109   128   213 231
Total revenues 742   878   1,494 1,772
Policyholder benefits, net (474)   (599)   (910) (1,139)
Interest sensitive contract benefits, excluding index credits 0   0   0 0
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired (127)   (117)   (237) (305)
Other insurance and reinsurance expenses 0   0   0 0
Operating expenses excluding transactions costs (76)   (129)   (164) (194)
Interest expense 0   0   0 0
Income tax recovery (expense), net 0   4   0 2
Net income 65   37   183 136
Operating Segments | Life Insurance            
Segment Reporting Information [Line Items]            
Net premiums and other policy related revenues 103   193   204 393
Net investment income, including reinsurance funds withheld 57   110   108 221
Total revenues 160   303   312 614
Policyholder benefits, net (78)   (129)   (163) (316)
Interest sensitive contract benefits, excluding index credits (6)   (26)   (13) (26)
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired (11)   (11)   (18) (21)
Other insurance and reinsurance expenses 0   0   0 0
Operating expenses excluding transactions costs (25)   (62)   (46) (119)
Interest expense 0   0   0 0
Income tax recovery (expense), net 0   (12)   0 (12)
Net income 40   63   72 120
Operating Segments | Corporate & Other            
Segment Reporting Information [Line Items]            
Net premiums and other policy related revenues 0   0   0 0
Net investment income, including reinsurance funds withheld 71   35   141 83
Total revenues 71   35   141 83
Policyholder benefits, net 0   0   0 0
Interest sensitive contract benefits, excluding index credits 0   0   0 0
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 0   0   0 0
Other insurance and reinsurance expenses 0   0   0 0
Operating expenses excluding transactions costs (19)   (21)   (48) (21)
Interest expense (82)   (95)   (162) (167)
Income tax recovery (expense), net (87)   9   (183) 1
Net income (117)   (72)   (252) (104)
Segment Reconciling Items            
Segment Reporting Information [Line Items]            
Depreciation and amortization expenses (52)   (34)   (116) (56)
Deferred income tax recovery relating to basis and other changes (4)   343   179 328
Transaction costs (14)   (137)   (55) (149)
Mark-to-market gains (losses) on investments, including reinsurance funds withheld 237   (5)   27 178
Mark-to-market losses on insurance contracts and other net assets (49)   (196)   (636) (272)
Net income $ 516   $ 269   $ 234 $ 606