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CLOSED BLOCK - Closed Block Summarized Financial Information (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Closed Block Liabilities:    
Future policy benefits, policyholders’ account balances and other $ 5,271 $ 5,461
Other liabilities 57 57
Total Closed Block liabilities 5,328 5,518
Assets Designated to the Closed Block:    
Fixed maturities AFS, at fair value (amortized cost of $2,862 and $2,945) (allowance for credit losses of $0 and $0) 2,785 2,800
Mortgage loans on real estate (net of allowance for credit losses of $15 and $13) 1,541 1,612
Policy loans 534 554
Cash and other invested assets 79 58
Other assets 117 150
Total assets designated to the Closed Block 5,056 5,174
Excess of Closed Block liabilities over assets designated to the Closed Block 272 344
Amounts included in AOCI:    
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $0 and $0; and net of income tax: $16 and $31 (61) (115)
Maximum future earnings to be recognized from Closed Block assets and liabilities 211 229
Amortized cost of fixed maturity AFS 2,862 2,945
Allowance for credit losses of fixed maturities AFS 0 0
Allowance for credit losses of mortgage loans on real estates 15 13
Policy holders' dividend obligations on net unrealized investment gains (losses) 0 0
Income tax on net unrealized investment gains (losses) $ 16 $ 31