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DEFERRED POLICY ACQUISITION COSTS, DEFERRED SALES INDUCEMENTS AND VALUE OF BUSINESS ACQUIRED - Schedule of Rollforward of Deferred Acquisition Costs and Value of Business Acquired (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
DAC:        
Balance, beginning of period   $ 867 $ 1,376 $ 1,702
Additions     784 575
Derecognition       (1,129)
Amortization     (292) (281)
Net change     492 (835)
Balance, end of period $ 1,868   1,868 867
DSI:        
Balance, beginning of period   102 393 257
Additions     348 96
Derecognition       (246)
Amortization     (19) (5)
Net change     329 (155)
Balance, end of period 722   722 102
VOBA asset:        
Balance, beginning of period   9,570 8,927 509
Acquisition from business combination       9,276
Amortization     (391) (215)
Net change     (391) 9,061
Balance, end of period 8,536   8,536 9,570
Total DAC, DSI and VOBA asset 11,126   11,126 10,539
American Equity Investment Life Holdings        
VOBA asset:        
Measurement period adjustment 45 45    
Annuities        
DAC:        
Balance, beginning of period   406 886 1,314
Additions     511 257
Derecognition       (1,129)
Amortization     (47) (36)
Net change     464 (908)
Balance, end of period 1,350   1,350 406
DSI:        
Balance, beginning of period   102 393 257
Additions     348 96
Derecognition       (246)
Amortization     (19) (5)
Net change     329 (155)
Balance, end of period 722   722 102
VOBA asset:        
Balance, beginning of period   9,182 8,838 40
Acquisition from business combination       9,276
Amortization     (381) (134)
Net change     (381) 9,142
Balance, end of period 8,457   8,457 9,182
Total DAC, DSI and VOBA asset 10,529   10,529 9,690
P&C        
DAC:        
Balance, beginning of period   197 184 171
Additions     228 261
Derecognition       0
Amortization     (229) (235)
Net change     (1) 26
Balance, end of period 183   183 197
DSI:        
Balance, beginning of period   0 0 0
Additions     0 0
Derecognition       0
Amortization     0 0
Net change     0 0
Balance, end of period 0   0 0
VOBA asset:        
Balance, beginning of period   98 27 168
Acquisition from business combination       0
Amortization     (8) (70)
Net change     (8) (70)
Balance, end of period 19   19 98
Total DAC, DSI and VOBA asset 202   202 295
Life Insurance        
DAC:        
Balance, beginning of period   264 306 217
Additions     45 57
Derecognition       0
Amortization     (16) (10)
Net change     29 47
Balance, end of period 335   335 264
DSI:        
Balance, beginning of period   0 0 0
Additions     0 0
Derecognition       0
Amortization     0 0
Net change     0 0
Balance, end of period 0   0 0
VOBA asset:        
Balance, beginning of period   $ 290 62 301
Acquisition from business combination       0
Amortization     (2) (11)
Net change     (2) (11)
Balance, end of period 60   60 290
Total DAC, DSI and VOBA asset $ 395   $ 395 $ 554