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POLICYHOLDER ACCOUNT BALANCES (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Policyholder Account Balance [Roll Forward] |  |  |
Interest credited to policyholders’ account balances | $ 1,410 | $ 1,219 | $ 1,222
Balance (exclusive of Funding Agreements) | 68,225 | 66,007 |
Funding Agreements | 15,641 | 13,354 |
Balance, end of the period | 83,866 | 79,361 |
UL | Protection Solutions |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 5,462 | 5,564 |
Issuances |  | 0 |
Premiums received | 730 | 787 |
Policy charges | (789) | (828) |
Surrenders and withdrawals | (86) | (89) |
Benefit payments | (200) | (202) |
Net transfers from (to) separate account | 0 | 0 |
Interest credited to policyholders’ account balances | 223 | 230 |
Other | 0 | 0 |
Balance, end of the period | $ 5,340 | $ 5,462 | 5,564
Weighted-average crediting rate | 3.62% | 3.56% |
Net amount at risk (3) | $ 37,555 | $ 40,138 |
Cash surrender value | 3,483 | 3,529 |
VUL | Protection Solutions |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 4,807 | 4,835 |
Issuances |  | 0 |
Premiums received | 160 | 170 |
Policy charges | (245) | (244) |
Surrenders and withdrawals | (12) | (186) |
Benefit payments | (92) | (78) |
Net transfers from (to) separate account | 124 | 125 |
Interest credited to policyholders’ account balances | 167 | 185 |
Other | 0 | 0 |
Balance, end of the period | $ 4,909 | $ 4,807 | 4,835
Weighted-average crediting rate | 3.81% | 3.84% |
Net amount at risk (3) | $ 115,152 | $ 111,286 |
Cash surrender value | 3,366 | 3,396 |
GMxB Legacy | Legacy Segment |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 745 | 815 |
Issuances |  | 0 |
Premiums received | 72 | 58 |
Policy charges | 6 | 0 |
Surrenders and withdrawals | (71) | (100) |
Benefit payments | (99) | (77) |
Net transfers from (to) separate account | 5 | 18 |
Interest credited to policyholders’ account balances | 30 | 31 |
Other | 0 | 0 |
Balance, end of the period | $ 688 | $ 745 | 815
Weighted-average crediting rate | 1.80% | 1.82% |
Net amount at risk (3) | $ 22,631 | $ 15,901 |
Cash surrender value | 980 | 1,048 |
GMxB Core | Individual Retirement |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 112 | 99 |
Issuances |  | 0 |
Premiums received | 151 | 184 |
Policy charges | (22) | (6) |
Surrenders and withdrawals | (31) | (31) |
Benefit payments | (2) | (1) |
Net transfers from (to) separate account | (145) | (148) |
Interest credited to policyholders’ account balances | 6 | 15 |
Other | 0 | 0 |
Balance, end of the period | $ 69 | $ 112 | 99
Weighted-average crediting rate | 1.05% | 1.05% |
Net amount at risk (3) | $ 3,530 | $ 1,115 |
Cash surrender value | 293 | 315 |
SCS | Individual Retirement |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 33,443 | 25,654 |
Issuances |  | 0 |
Premiums received | 2 | 1 |
Policy charges | 0 | 0 |
Surrenders and withdrawals | (2,452) | (2,474) |
Benefit payments | (209) | (187) |
Net transfers from (to) separate account | 7,474 | 6,692 |
Interest credited to policyholders’ account balances | (2,556) | 3,757 |
Other | 0 | 0 |
Balance, end of the period | $ 35,702 | $ 33,443 | 25,654
Weighted-average crediting rate | 1.12% | 1.14% |
Net amount at risk (3) | $ 92 | $ 0 |
Cash surrender value | 32,080 | 31,488 |
EI | Individual Retirement |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 2,784 | 2,862 |
Issuances |  | 0 |
Premiums received | 46 | 55 |
Policy charges | (1) | (1) |
Surrenders and withdrawals | (225) | (209) |
Benefit payments | (59) | (63) |
Net transfers from (to) separate account | 28 | 58 |
Interest credited to policyholders’ account balances | 79 | 82 |
Other | 0 | 0 |
Balance, end of the period | $ 2,652 | $ 2,784 | 2,862
Weighted-average crediting rate | 2.85% | 2.87% |
Net amount at risk (3) | $ 143 | $ 92 |
Cash surrender value | 2,645 | 2,776 |
EG | Group Retirement |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 11,951 | 11,665 |
Issuances |  | 0 |
Premiums received | 610 | 602 |
Policy charges | (5) | (4) |
Surrenders and withdrawals | (995) | (877) |
Benefit payments | (70) | (73) |
Net transfers from (to) separate account | 303 | 310 |
Interest credited to policyholders’ account balances | 251 | 328 |
Other | 0 | 0 |
Balance, end of the period | $ 12,045 | $ 11,951 | 11,665
Weighted-average crediting rate | 3.00% | 2.37% |
Net amount at risk (3) | $ 138 | $ 7 |
Cash surrender value | 11,961 | 11,878 |
Momentum | Group Retirement |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 704 | 761 |
Issuances |  | 0 |
Premiums received | 79 | 83 |
Policy charges | 0 | (1) |
Surrenders and withdrawals | (148) | (152) |
Benefit payments | (2) | (2) |
Net transfers from (to) separate account | 54 | 0 |
Interest credited to policyholders’ account balances | 15 | 15 |
Other | 0 | 0 |
Balance, end of the period | $ 702 | $ 704 | $ 761
Weighted-average crediting rate | 2.02% | 2.06% |
Net amount at risk (3) | $ 0 | $ 0 |
Cash surrender value | 702 | 704 |
Others | Other Segments |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 5,998 |  |
Balance, end of the period | 6,118 | 5,998 |
Legacy | Legacy Segment |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of the period | 746 |  |
Balance, end of the period | $ 688 | $ 746 |

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