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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Individual Retirement | GMxB Core      
Market Risk Benefit [Roll Forward]      
Balance, beginning of period $ 590 $ 530 $ 1,061
Balance BOP before changes in the instrument specific credit risk 322 529 666
Model changes and effect of changes in cash flow assumptions 86 20 (5)
Actual market movement effect (269) (481) 1,074
Interest accrual 61 73 37
Attributed fees accrued 403 407 399
Benefit payments (41) (47) (37)
Actual policyholder behavior different from expected behavior 32 23 24
Changes in future economic assumptions (428) (203) (1,626)
Issuances (3) 1 (3)
Balance EOP before changes in the instrument-specific credit risk 163 322 529
Changes in the instrument-specific credit risk 333 268 1
Balance, end of period $ 496 $ 590 $ 530
Weighted-average age of policyholders (years) 65 years 4 months 24 days 64 years 4 months 24 days 63 years 6 months
Net amount at risk $ 2,868 $ 2,995 $ 3,530
Legacy | GMxB Legacy      
Market Risk Benefit [Roll Forward]      
Balance, beginning of period 13,418 14,699 20,236
Balance BOP before changes in the instrument specific credit risk 13,028 15,314 19,719
Model changes and effect of changes in cash flow assumptions (78) (11) 317
Actual market movement effect (1,201) (1,847) 3,402
Interest accrual 586 770 731
Attributed fees accrued 802 843 882
Benefit payments (1,218) (1,354) (1,179)
Actual policyholder behavior different from expected behavior (37) (14) 142
Changes in future economic assumptions (2,147) (673) (8,700)
Issuances 0 0 0
Balance EOP before changes in the instrument-specific credit risk 9,735 13,028 15,314
Changes in the instrument-specific credit risk 773 390 (615)
Balance, end of period $ 10,508 $ 13,418 $ 14,699
Weighted-average age of policyholders (years) 73 years 7 months 6 days 73 years 72 years 6 months
Net amount at risk $ 19,041 $ 21,136 $ 22,631
Legacy | Purchased MRB      
Market Risk Benefit [Roll Forward]      
Balance, beginning of period (9,420) (10,415) (14,059)
Balance BOP before changes in the instrument specific credit risk (9,387) (10,358) (14,051)
Model changes and effect of changes in cash flow assumptions 125 (33) (143)
Actual market movement effect 655 986 (1,226)
Interest accrual (418) (555) (489)
Attributed fees accrued (272) (284) (295)
Benefit payments 671 768 669
Actual policyholder behavior different from expected behavior 1 (41) (102)
Changes in future economic assumptions 1,257 130 5,279
Issuances 0 0 0
Balance EOP before changes in the instrument-specific credit risk (7,368) (9,387) (10,358)
Changes in the instrument-specific credit risk (4) (33) (57)
Balance, end of period $ (7,372) $ (9,420) $ (10,415)
Weighted-average age of policyholders (years) 73 years 2 months 12 days 72 years 7 months 6 days 72 years 1 month 6 days
Net amount at risk $ 10,142 $ 11,343 $ 11,755
Legacy | Net Legacy      
Market Risk Benefit [Roll Forward]      
Balance, beginning of period 3,998 4,284 6,177
Balance BOP before changes in the instrument specific credit risk 3,641 4,956 5,668
Model changes and effect of changes in cash flow assumptions 47 (44) 174
Actual market movement effect (546) (861) 2,176
Interest accrual 168 215 242
Attributed fees accrued 530 559 587
Benefit payments (547) (586) (510)
Actual policyholder behavior different from expected behavior (36) (55) 40
Changes in future economic assumptions (890) (543) (3,421)
Issuances 0 0 0
Balance EOP before changes in the instrument-specific credit risk 2,367 3,641 4,956
Changes in the instrument-specific credit risk 769 357 (672)
Balance, end of period $ 3,136 $ 3,998 $ 4,284