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MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Individual Retirement | GMxB Core        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period $ 717 $ 323 $ 496 $ 597
Balance BOP before changes in the instrument specific credit risk 495 71 163 319
Model changes and effect of changes in cash flow assumptions (7) 0 (7) 0
Actual market movement effect (173) (4) (102) (163)
Interest accrual 10 15 25 31
Attributed fees accrued 109 111 203 206
Benefit payments (12) (12) (23) (22)
Actual policyholder behavior different from expected behavior 7 9 20 14
Changes in future economic assumptions (42) (72) 105 (265)
Issuances (2) 0 1 (2)
Balance EOP before changes in the instrument-specific credit risk 385 118 385 118
Changes in the instrument-specific credit risk 268 294 268 294
Balance, end of period $ 653 $ 412 $ 653 $ 412
Weighted-average age of policyholders (years) 65 years 10 months 24 days 64 years 10 months 24 days 65 years 10 months 24 days 64 years 10 months 24 days
Net amount at risk $ 2,953 $ 2,867 $ 2,953 $ 2,867
Legacy | GMxB Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 9,505 11,715 10,508 13,425
Balance BOP before changes in the instrument specific credit risk 9,336 11,319 9,735 13,023
Model changes and effect of changes in cash flow assumptions 8 0 (1,336) 0
Actual market movement effect (620) 45 (271) (747)
Interest accrual 96 152 202 313
Attributed fees accrued 161 198 326 398
Benefit payments (285) (310) (565) (632)
Actual policyholder behavior different from expected behavior 22 0 42 (23)
Changes in future economic assumptions (232) (518) 353 (1,446)
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk 8,486 10,886 8,486 10,886
Changes in the instrument-specific credit risk 326 546 326 546
Balance, end of period $ 8,812 $ 11,432 $ 8,812 $ 11,432
Weighted-average age of policyholders (years) 74 years 73 years 3 months 18 days 74 years 73 years 3 months 18 days
Net amount at risk $ 15,835 $ 19,710 $ 15,835 $ 19,710
Legacy | Purchased MRB        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period (5,973) (8,343) (7,372) (9,448)
Balance BOP before changes in the instrument specific credit risk (5,957) (8,312) (7,368) (9,409)
Model changes and effect of changes in cash flow assumptions 5 0 1,860 169
Actual market movement effect 264 5 148 397
Interest accrual (58) (111) (122) (224)
Attributed fees accrued (39) (56) (99) (136)
Benefit payments 128 162 257 331
Actual policyholder behavior different from expected behavior (14) (10) (14) (1)
Changes in future economic assumptions 140 346 (193) 897
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk (5,531) (7,976) (5,531) (7,976)
Changes in the instrument-specific credit risk (10) (22) (10) (22)
Balance, end of period $ (5,541) $ (7,998) $ (5,541) $ (7,998)
Weighted-average age of policyholders (years) 73 years 4 months 24 days 72 years 10 months 24 days 73 years 4 months 24 days 72 years 10 months 24 days
Net amount at risk $ 7,099 $ 10,443 $ 7,099 $ 10,443
Legacy | Net Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 3,532 3,372 3,136 3,977
Balance BOP before changes in the instrument specific credit risk 3,379 3,007 2,367 3,614
Model changes and effect of changes in cash flow assumptions 13 0 524 169
Actual market movement effect (356) 50 (123) (350)
Interest accrual 38 41 80 89
Attributed fees accrued 122 142 227 262
Benefit payments (157) (148) (308) (301)
Actual policyholder behavior different from expected behavior 8 (10) 28 (24)
Changes in future economic assumptions (92) (172) 160 (549)
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk 2,955 2,910 2,955 2,910
Changes in the instrument-specific credit risk 316 524 316 524
Balance, end of period $ 3,271 $ 3,434 $ 3,271 $ 3,434