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INVESTMENTS - Summary of Fixed Maturity and Equity Securities by Contractual Maturity (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Fair Value |  |
Less than 12 months | $ 7,961 | $ 15,215
Greater than 12 months | 11,591 | 4,432
Total | 19,551 | 19,647
Gross Unrealized Depreciation |  |
Less than 12 months | (296) | (1,217)
Greater than 12 months | (1,420) | (764)
Total | (1,716) | (1,982)
No Recorded Allowance for Credit Losses |  |
Fair Value |  |
Less than 12 months | 7,958 | 15,213
Greater than 12 months | 11,590 | 4,432
Total | 19,548 | 19,645
Gross Unrealized Depreciation |  |
Less than 12 months | (295) | (1,217)
Greater than 12 months | (1,419) | (764)
Total | (1,714) | (1,982)
Due in one year or less |  |
Fair Value |  |
Less than 12 months | 849 | 989
Greater than 12 months | 285 | 40
Total | 1,134 | 1,029
Gross Unrealized Depreciation |  |
Less than 12 months | (14) | (19)
Greater than 12 months | (19) | (7)
Total | (32) | (26)
Due in one year through five years |  |
Fair Value |  |
Less than 12 months | 2,342 | 4,935
Greater than 12 months | 4,391 | 1,645
Total | 6,733 | 6,580
Gross Unrealized Depreciation |  |
Less than 12 months | (86) | (383)
Greater than 12 months | (436) | (209)
Total | (523) | (592)
Due in five years through ten years |  |
Fair Value |  |
Less than 12 months | 1,196 | 2,698
Greater than 12 months | 2,308 | 911
Total | 3,503 | 3,609
Gross Unrealized Depreciation |  |
Less than 12 months | (66) | (360)
Greater than 12 months | (422) | (230)
Total | (489) | (590)
Due after ten years |  |
Fair Value |  |
Less than 12 months | 339 | 672
Greater than 12 months | 715 | 408
Total | 1,055 | 1,080
Gross Unrealized Depreciation |  |
Less than 12 months | (22) | (91)
Greater than 12 months | (172) | (116)
Total | (194) | (207)
Asset-backed securities |  |
Fair Value |  |
Less than 12 months | 1,644 | 3,204
Greater than 12 months | 1,881 | 456
Total | 3,525 | 3,661
Gross Unrealized Depreciation |  |
Less than 12 months | (37) | (142)
Greater than 12 months | (92) | (29)
Total | (129) | (171)
Mortgage-backed securities |  |
Fair Value |  |
Less than 12 months | 1,588 | 2,715
Greater than 12 months | 2,010 | 972
Total | 3,598 | 3,687
Gross Unrealized Depreciation |  |
Less than 12 months | (70) | (222)
Greater than 12 months | (278) | (173)
Total | (347) | (395)
Recorded an Allowance for Credit Losses |  |
Fair Value |  |
Less than 12 months | 3 | 2
Greater than 12 months | 0 | 0
Total | 3 | 2
Gross Unrealized Depreciation |  |
Less than 12 months | (1) | 0
Greater than 12 months | (1) | 0
Total | $ (2) | $ 0

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