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EQUITY (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Stock by Class
Preferred stock authorized, issued and outstanding was as follows:
March 31, 2024December 31, 2023
SeriesShares AuthorizedShares
 Issued		Shares OutstandingShares AuthorizedShares
 Issued		Shares Outstanding
Series A 32,000 32,000 32,000 32,000 32,000 32,000 
Series B 20,000 20,000 20,000 20,000 20,000 20,000 
Series C12,000 12,000 12,000 12,000 12,000 12,000 
Total64,000 64,000 64,000 64,000 64,000 64,000 
Schedule of Dividends Declared
Dividends declared per share were as follows:
Three Months Ended March 31,
20242023
Series A dividends declared $328 $328 
Series B dividends declared$— $— 
Series C dividends declared$269 $269 
Common Stock
Dividends declared per share of common stock were as follows:
Three Months Ended March 31,
20242023
Dividends declared$0.22 $0.20 
Schedule of Accumulated Other Comprehensive Income (Loss) The balances as of March 31, 2024 and December 31, 2023 follow:
 March 31, 2024December 31, 2023
 
(in millions)
Unrealized gains (losses) on investments$(7,183)$(6,638)
Market risk benefits - instrument-specific credit risk component(601)(633)
Liability for future policy benefits - current discount rate component306 182 
Defined benefit pension plans(645)(652)
Foreign currency translation adjustments(87)(76)
Total accumulated other comprehensive income (loss)(8,210)(7,817)
Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest(44)(40)
Accumulated other comprehensive income (loss) attributable to Holdings$(8,166)$(7,777)
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of OCI, net of taxes are as three months ended March 31, 2024 and 2023 follow:
Three Months Ended March 31,
 20242023
 (in millions)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period$(543)$1,571 
(Gains) losses reclassified into net income (loss) during the period (1)21 63 
Net unrealized gains (losses) on investments(522)1,634 
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other9 (8)
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(133) and $341)
(513)1,626 
Change in LFPB discount rate and MRB credit risk, net of tax
Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $7 and $249)
25 938 
Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $26 and $(30) )
98 (112)
Change in defined benefit plans:
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost8 20 
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(2), and $(6))
8 20 
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period(11)6 
Foreign currency translation adjustment(11)6 
Total other comprehensive income (loss), net of income taxes(393)2,478 
Less: Other comprehensive income (loss) attributable to noncontrolling interest(4)2 
Other comprehensive income (loss) attributable to Holdings$(389)$2,476 
______________
(1)See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(5) million and $(17) million for the three months ended March 31, 2024 and 2023, respectively.