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REINSURANCE - Effects of Reinsurance (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Premiums        
Direct charges and fee income $ 640 $ 669 $ 1,400 $ 1,473
Reinsurance assumed 0 (1) 3 (1)
Reinsurance ceded (46) (48) (221) (202)
Policy charges and fee income 594 620 1,182 1,270
Direct premiums 290 263 581 516
Reinsurance assumed 43 37 95 87
Reinsurance ceded (53) (62) (120) (118)
Premiums 280 238 556 485
Direct policyholders’ benefits 874 693 1,727 1,604
Reinsurance assumed 40 51 76 106
Reinsurance ceded (230) (155) (389) (319)
Policyholders’ benefits 684 589 1,414 1,391
Direct interest credited to policyholders’ account balances 526 322 1,009 662
Reinsurance ceded (25) (12) (45) (39)
Interest credited to policyholders’ account balances $ 501 $ 310 $ 964 $ 623