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INVESTMENTS - Schedule of Aggregate Fair Value and Gross Unrealized Depreciation of Fixed Maturity Securities by Security Type (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Fair Value    
Less than 12 months $ 5,267 $ 2,566
Greater than 12 months 11,143 12,222
Total 16,409 14,789
Gross Unrealized Depreciation    
Less than 12 months (116) (102)
Greater than 12 months (1,092) (1,035)
Total (1,209) (1,137)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 5,233 2,564
Greater than 12 months 11,141 12,222
Total 16,374 14,787
Gross Unrealized Depreciation    
Less than 12 months (115) (101)
Greater than 12 months (1,092) (1,035)
Total (1,208) (1,136)
U.S. Treasury securities and obligations of U.S. government agencies and corporations    
Fair Value    
Less than 12 months 159 122
Greater than 12 months 749 772
Total 908 893
Gross Unrealized Depreciation    
Less than 12 months (3) (3)
Greater than 12 months (49) (49)
Total (52) (52)
Obligations of U.S. states and political subdivisions    
Fair Value    
Less than 12 months 8 3
Greater than 12 months 63 74
Total 71 77
Gross Unrealized Depreciation    
Less than 12 months 0 0
Greater than 12 months (9) (11)
Total (10) (11)
Corporate Securities    
Fair Value    
Less than 12 months 1,767 1,019
Greater than 12 months 2,911 2,780
Total 4,678 3,799
Gross Unrealized Depreciation    
Less than 12 months (47) (58)
Greater than 12 months (282) (263)
Total (329) (321)
Asset-backed Securities    
Fair Value    
Less than 12 months 399 196
Greater than 12 months 943 2,014
Total 1,342 2,210
Gross Unrealized Depreciation    
Less than 12 months (3) (2)
Greater than 12 months (30) (49)
Total (33) (51)
Commercial    
Fair Value    
Less than 12 months 167 181
Greater than 12 months 722 742
Total 890 923
Gross Unrealized Depreciation    
Less than 12 months (17) (19)
Greater than 12 months (66) (73)
Total (84) (92)
Agency Residential    
Fair Value    
Less than 12 months 1,143 423
Greater than 12 months 2,101 2,126
Total 3,244 2,549
Gross Unrealized Depreciation    
Less than 12 months (18) (4)
Greater than 12 months (262) (225)
Total (280) (229)
Non-agency Residential    
Fair Value    
Less than 12 months 211 126
Greater than 12 months 5 4
Total 215 130
Gross Unrealized Depreciation    
Less than 12 months (4) (1)
Greater than 12 months 0 0
Total (4) 0
Foreign government securities    
Fair Value    
Less than 12 months 494 172
Greater than 12 months 994 985
Total 1,488 1,156
Gross Unrealized Depreciation    
Less than 12 months (14) (7)
Greater than 12 months (117) (101)
Total (131) (108)
Foreign corporate securities    
Fair Value    
Less than 12 months 885 324
Greater than 12 months 2,653 2,726
Total 3,537 3,050
Gross Unrealized Depreciation    
Less than 12 months (9) (6)
Greater than 12 months (276) (265)
Total (285) (271)
Recorded an Allowance for Credit Losses    
Fair Value    
Less than 12 months 33 2
Greater than 12 months 2 0
Total 35 2
Gross Unrealized Depreciation    
Less than 12 months (1) (1)
Greater than 12 months 0 0
Total $ (1) $ (1)