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REINSURANCE - Effects of Reinsurance (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Premiums      
Direct premiums $ 1,042 $ 970 $ 929
Reinsurance assumed 180 189 222
Reinsurance ceded (228) (199) (154)
Premiums 994 960 997
Direct charges and fee income 3,145 3,380 4,149
Reinsurance ceded (691) (613) (414)
Policy charges and fee income 2,454 2,767 3,735
Direct policyholders’ benefits 3,262 3,297 5,826
Reinsurance assumed 179 212 241
Reinsurance ceded (725) (721) (741)
Policyholders’ benefits 2,716 2,788 5,326
Direct interest credited to policyholders’ account balances 1,440 (1,212) 1,252
Reinsurance ceded (30) (7) (30)
Interest credited to policyholders’ account balances $ 1,410 $ 1,219 $ 1,222