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CLOSED BLOCK (Tables)
 6 Months Ended
Jun. 30, 2024
Closed Block Disclosure [Abstract]  
Schedule of Closed Block Assets and Liabilities
Summarized financial information for the Company'’ Closed Block is as follows:
 June 30, 2024December 31, 2023
(in millions)
Closed Block Liabilities:
Future policy benefits, policyholders’ account balances and other$5,326 $5,461 
Other liabilities55 57 
Total Closed Block liabilities5,381 5,518 
Assets Designated to the Closed Block:
Fixed maturities AFS, at fair value (amortized cost of $2,924 and $2,945) (allowance for credit losses of $0 and $0)
2,752 2,800 
Mortgage loans on real estate (net of allowance for credit losses of $14 and $13)
1,544 1,612 
Policy loans538 554 
Cash and other invested assets10 58 
Other assets185 150 
Total assets designated to the Closed Block5,029 5,174 
Excess of Closed Block liabilities over assets designated to the Closed Block352 344 
Amounts included in AOCI:
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $36 and $31
(136)(115)
Maximum future earnings to be recognized from Closed Block assets and liabilities$216 $229 
Schedule of Closed Block Operations, Net Results
The Company’s Closed Block revenues and expenses were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(in millions)
Revenues:
Premiums and other income$26 $29 $55 $59 
Net investment income (loss)51 52 103 103 
Investment gains (losses), net— — (1)— 
Total revenues77 81 157 162 
Benefits and Other Deductions:
Policyholders’ benefits and dividends64 75 141 158 
Other operating costs and expenses
— — — — 
Total benefits and other deductions64 75 141 158 
Net income (loss), before income taxes13 6 16 4 
Income tax (expense) benefit(2)(1)(3)(2)
Net income (loss)$11 $5 $13 $2