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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - Income Statement (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Premiums $ 260 $ 282 $ 564 $ 567
Net investment income (loss) 1,355 1,167 2,603 2,377
Investment management and service fees 1,272 1,240 2,557 2,518
Other income 294 425 612 683
Total revenues 2,362 3,507 6,938 5,737
BENEFITS AND OTHER DEDUCTIONS        
Policyholders’ benefits 787 667 1,546 1,344
Remeasurement of liability for future policy benefits (13) (7) (15) (2)
Change in market risk benefits and purchased market risk benefits (606) (132) 66 (1,220)
Interest credited to policyholders’ account balances 796 599 1,474 1,178
Compensation and benefits 592 577 1,193 1,197
Amortization of deferred policy acquisition costs 193 169 381 341
Other operating costs and expenses 427 428 1,377 980
Total benefits and other deductions 2,725 2,826 7,127 4,837
Income (loss) from continuing operations, before income taxes (363) 681 (189) 900
Income tax (expense) benefit 80 (116) 56 (140)
Net income (loss) (283) 565 (133) 760
Less: Net income (loss) attributable to the noncontrolling interest [1] 66 137 153 240
Net income (loss) attributable to Holdings (349) 428 (286) 520
Less: Preferred stock dividends 18 26 32 40
Net income (loss) available to Holdings’ common shareholders, basic (367) 402 (318) 480
Net income (loss) available to Holdings’ common shareholders, diluted $ (367) $ 402 $ (318) $ 480
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ (1.21) $ 1.24 $ (1.04) $ 1.47
Diluted (in dollars per share) $ (1.21) $ 1.23 $ (1.04) $ 1.45
Basic (in shares) 303.2 324.2 305.5 327.2
Diluted (in shares) 303.2 327.3 305.5 330.4
As Previously 
Reported        
REVENUES        
Premiums   $ 282   $ 557
Net investment income (loss)   1,166   2,385
Investment management and service fees   1,240   2,518
Other income   429   688
Total revenues   3,510   5,740
BENEFITS AND OTHER DEDUCTIONS        
Remeasurement of liability for future policy benefits   (8)   (7)
Change in market risk benefits and purchased market risk benefits   (133)   (1,233)
Interest credited to policyholders’ account balances   605   1,171
Other operating costs and expenses   427   980
Total benefits and other deductions   2,829   4,812
Income (loss) from continuing operations, before income taxes   681   928
Income tax (expense) benefit   (116)   (146)
Net income (loss)   565   782
Less: Net income (loss) attributable to the noncontrolling interest   137   240
Net income (loss) attributable to Holdings   428   542
Less: Preferred stock dividends   26   40
Net income (loss) available to Holdings’ common shareholders, basic   402   502
Net income (loss) available to Holdings’ common shareholders, diluted   $ 402   $ 502
EARNINGS PER COMMON SHARE        
Basic (in dollars per share)   $ 1.24   $ 1.53
Diluted (in dollars per share)   $ 1.23   $ 1.52
Basic (in shares)   324.2   327.2
Diluted (in shares)   327.3   330.4
Impact of Revisions        
REVENUES        
Premiums   $ 0   $ 10
Net investment income (loss)   1   (8)
Investment management and service fees   0   0
Other income   (4)   (5)
Total revenues   (3)   (3)
BENEFITS AND OTHER DEDUCTIONS        
Remeasurement of liability for future policy benefits   1   5
Change in market risk benefits and purchased market risk benefits   1   13
Interest credited to policyholders’ account balances   (6)   7
Other operating costs and expenses   1   0
Total benefits and other deductions   (3)   25
Income (loss) from continuing operations, before income taxes   0   (28)
Income tax (expense) benefit   0   6
Net income (loss)   0   (22)
Less: Net income (loss) attributable to the noncontrolling interest   0   0
Net income (loss) attributable to Holdings   0   (22)
Less: Preferred stock dividends   0   0
Net income (loss) available to Holdings’ common shareholders, basic   0   (22)
Net income (loss) available to Holdings’ common shareholders, diluted   $ 0   $ (22)
EARNINGS PER COMMON SHARE        
Basic (in dollars per share)   $ 0   $ (0.06)
Diluted (in dollars per share)   $ 0   $ (0.07)
Basic (in shares)   0.0   0.0
Diluted (in shares)   0.0   0.0
[1] Includes redeemable noncontrolling interest. See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.