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CLOSED BLOCK (Tables)
 9 Months Ended
Sep. 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:
 September 30, 2025December 31, 2024
(in millions)
Closed Block Liabilities:
Future policy benefits, policyholders’ account balances and other$5,035 $5,213 
Other liabilities56 62 
Total Closed Block liabilities5,091 5,275 
Assets Designated to the Closed Block:
Fixed maturities AFS, at fair value (amortized cost of $2,712 and $2,888) (allowance for credit losses of $0 and $0)
2,650 2,746 
Mortgage loans on real estate (net of allowance for credit losses of $22 and $21)
1,431 1,531 
Policy loans503 523 
Cash and other invested assets152 17 
Other assets101 130 
Total assets designated to the Closed Block4,837 4,947 
Excess of Closed Block liabilities over assets designated to the Closed Block254 328 
Amounts included in AOCI:
Net unrealized investment gains (losses), net of income tax: $13 and $30
(49)(112)
Maximum future earnings to be recognized from Closed Block assets and liabilities$205 $216 
Schedule of Closed Block Operations, Net Results
The Company’s Closed Block revenues and expenses were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in millions)
Revenues:
Premiums and other income$23 $26 $73 $81 
Net investment income (loss)49 51 149 154 
Investment gains (losses), net— (2)(1)(3)
Total revenues72 75 221 232 
Benefits and Other Deductions:
Policyholders’ benefits and dividends60 69 207 210 
Other operating costs and expenses— — 1 — 
Total benefits and other deductions60 69 208 210 
Net income (loss), before income taxes12 6 13 22 
Income tax (expense) benefit(2)(2)(3)(5)
Net income (loss)$10 $4 $10 $17