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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Individual Retirement | GMxB Core    
Market Risk Benefit [Roll Forward]    
Balance, beginning of period $ 496 $ 597
Balance BOP before changes in the instrument specific credit risk 163 319
Model changes and effect of changes in cash flow assumptions (1) 0 0
Actual market movement effect 71 (159)
Interest accrual 15 16
Attributed fees accrued 94 95
Benefit payments (11) (10)
Actual policyholder behavior different from expected behavior 13 5
Changes in future economic assumptions 147 (193)
Issuances 3 (2)
Balance EOP before changes in the instrument-specific credit risk 495 71
Changes in the instrument-specific credit risk 222 252
Balance, end of period $ 717 $ 323
Weighted-average age of policyholders (years) 65 years 7 months 6 days 64 years 7 months 6 days
Net amount at risk $ 3,112 $ 2,764
Legacy | GMxB Legacy    
Market Risk Benefit [Roll Forward]    
Balance, beginning of period 10,508 13,425
Balance BOP before changes in the instrument specific credit risk 9,735 13,023
Model changes and effect of changes in cash flow assumptions (1) (1,344) 0
Actual market movement effect 349 (792)
Interest accrual 106 161
Attributed fees accrued 165 200
Benefit payments (280) (322)
Actual policyholder behavior different from expected behavior 20 (23)
Changes in future economic assumptions 585 (928)
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk 9,336 11,319
Changes in the instrument-specific credit risk 169 396
Balance, end of period $ 9,505 $ 11,715
Weighted-average age of policyholders (years) 73 years 9 months 18 days 73 years 2 months 12 days
Net amount at risk $ 16,915 $ 19,673
Legacy | Purchased MRB    
Market Risk Benefit [Roll Forward]    
Balance, beginning of period (7,372) (9,448)
Balance BOP before changes in the instrument specific credit risk (7,368) (9,409)
Model changes and effect of changes in cash flow assumptions (1) 1,855 169
Actual market movement effect (116) 392
Interest accrual (64) (113)
Attributed fees accrued (60) (80)
Benefit payments 129 169
Actual policyholder behavior different from expected behavior 0 9
Changes in future economic assumptions (333) 551
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk (5,957) (8,312)
Changes in the instrument-specific credit risk (16) (31)
Balance, end of period $ (5,973) $ (8,343)
Weighted-average age of policyholders (years) 73 years 3 months 18 days 72 years 9 months 18 days
Net amount at risk $ 7,541 $ 10,407
Legacy | Net Legacy    
Market Risk Benefit [Roll Forward]    
Balance, beginning of period 3,136 3,977
Balance BOP before changes in the instrument specific credit risk 2,367 3,614
Model changes and effect of changes in cash flow assumptions (1) 511 169
Actual market movement effect 233 (400)
Interest accrual 42 48
Attributed fees accrued 105 120
Benefit payments (151) (152)
Actual policyholder behavior different from expected behavior 20 (14)
Changes in future economic assumptions 252 (377)
Issuances 0 0
Balance EOP before changes in the instrument-specific credit risk 3,379 3,007
Changes in the instrument-specific credit risk 153 365
Balance, end of period $ 3,532 $ 3,372