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FAIR VALUE DISCLOSURES - Fair Value Measurement Reconciliation for All Levels (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total gains (losses), realized and unrealized, included in:        
Transfers into level 3     $ 118 $ 250
Transfers out of level 3     (495) (184)
Corporate | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance $ 1,950 $ 1,683 2,121 1,504
Investment gains (losses), reported in net investment income 1 1 3 2
Net derivative gains (losses) (8) (1) (11) 0
Total realized and unrealized gains (losses) (7) 0 (8) 2
Other comprehensive income (loss) (8) (50) 10 (81)
Purchases 205 327 376 559
Sales (71) (74) (162) (161)
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 11 (5) 11 65
Transfers out of level 3 (43) (114) (311) (121)
Ending Balance 2,037 1,767 2,037 1,767
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period (8) (50) 9 (79)
States and political subdivisions | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 28 32 28 35
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 (2) 0 (4)
Purchases 0 0 0 0
Sales (1) 0 (1) (1)
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 0 0
Ending Balance 27 30 27 30
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 (2) 0 (4)
Asset-backed | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 12 332 0 8
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 (1) 0 (1)
Purchases (12) (313) 0 12
Sales 0 0 0 (1)
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 0 0
Ending Balance 0 18 0 18
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 (1)
Commercial mortgage-backed | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 34 238 32 20
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 (1) 0 (2)
Purchases 0 (212) 2 7
Sales 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 0 0
Ending Balance 34 25 34 25
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 (2)
Residential mortgage-backed | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 0 0 34 0
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 (34) 0
Ending Balance 0 0 0 0
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 0
Trading Securities, at Fair Value | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 55 52 55 65
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 (13)
Total realized and unrealized gains (losses) 0 0 0 (13)
Other comprehensive income (loss) 0 0 0 0
Purchases 1 0 1 0
Sales 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 0 0
Ending Balance 56 52 56 52
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 (13)
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 0
Fixed maturities, at FVO | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 196 342 224 201
Investment gains (losses), reported in net investment income (4) 4 (1) 0
Net derivative gains (losses) (2) 0 (2) 0
Total realized and unrealized gains (losses) (6) 4 (3) 0
Other comprehensive income (loss) 0 0 0 0
Purchases 62 64 74 153
Sales (35) (24) (35) (53)
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 51 (3) 107 185
Transfers out of level 3 (51) 40 (150) (63)
Ending Balance 217 423 217 423
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period (4) 4 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 (2) 0
Other equity investments | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 15 11 17 16
Investment gains (losses), reported in net investment income 0 0 (3) 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 (3) 0
Other comprehensive income (loss) 0 0 0 0
Purchases 44 57 44 57
Sales 0 0 0 0
Settlements 0 0 0 0
Other 0 0 0 0
Activity related to consolidated VIEs/VOEs 47 (1) 47 (3)
Transfers into level 3 (1) 0 0 0
Transfers out of level 3 0 0 0 (3)
Ending Balance 105 67 105 67
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 (3) 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 0
Separate Accounts Assets | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 1 0 1 1
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Sales 0 1 0 0
Settlements 0 0 0 0
Other 0 0 0 0
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of level 3 0 0 0 0
Ending Balance 1 1 1 1
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period 0 0 0 0
Contingent Payment Arrangement | Level 3        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance (248) (37) (247) (38)
Investment gains (losses), reported in net investment income 0 0 0 0
Net derivative gains (losses) 0 0 0 0
Total realized and unrealized gains (losses) 0 0 0 0
Other comprehensive income (loss) 0 0 0 0
Purchases 0 (3) (2)
Sales 0 0 0 0
Settlements 0 0 (1) 0
Other 2 0 (4) 0
Activity related to consolidated VIEs/VOEs 0 (2) 0 (2)
Transfers into level 3 0 0 0 0
Transfers out of level 3 0   0 0
Ending Balance (250) (42) (250) (42)
Change in unrealized gains or losses for the period included in earnings for instruments held at the end of the reporting period 0 0 0 0
Change in unrealized gains or losses for the period included in other comprehensive income for instruments held at the end of the reporting period $ 0 $ 0 $ 0 $ 0