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CLOSED BLOCK (Tables)
 6 Months Ended
Jun. 30, 2025
Closed Block Disclosure [Abstract]  
Schedule of Closed Block Assets and Liabilities
Summarized financial information for the Company’s Closed Block is as follows:
 June 30, 2025December 31, 2024
(in millions)
Closed Block Liabilities:
Future policy benefits, policyholders’ account balances and other$5,100 $5,213 
Other liabilities47 62 
Total Closed Block liabilities5,147 5,275 
Assets Designated to the Closed Block:
Fixed maturities AFS, at fair value (amortized cost of $2,674 and $2,888) (allowance for credit losses of $0 and$0)
2,591 2,746 
Mortgage loans on real estate (net of allowance for credit losses of $22 and $21)
1,498 1,531 
Policy loans510 523 
Cash and other invested assets161 17 
Other assets107 130 
Total assets designated to the Closed Block4,867 4,947 
Excess of Closed Block liabilities over assets designated to the Closed Block280 328 
Amounts included in AOCI:
Net unrealized investment gains (losses), net of income tax: $17 and $30
(66)(112)
Maximum future earnings to be recognized from Closed Block assets and liabilities$214 $216 
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,
2025202420252024
(in millions)
Revenues:
Premiums and other income$24 $26 $51 $55 
Net investment income (loss)48 51 99 103 
Investment gains (losses), net— — (1)(1)
Total revenues72 77 149 157 
Benefits and Other Deductions:
Policyholders’ benefits and dividends72 64 146 141 
Other operating costs and expenses1 — 1 — 
Total benefits and other deductions73 64 147 141 
Net income (loss), before income taxes(1)13 2 16 
Income tax (expense) benefit— (2)(1)(3)
Net income (loss)$(1)$11 $1 $13