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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
Jun. 30, 2024
Dec. 31, 2023
Fair Value    
Less than 12 months $ 7,428 $ 2,566
Greater than 12 months 9,980 12,222
Total 17,408 14,789
Gross Unrealized Depreciation    
Less than 12 months (234) (102)
Greater than 12 months (1,016) (1,035)
Total (1,249) (1,137)
No Recorded Allowance for Credit Losses    
Fair Value    
Less than 12 months 7,414 2,564
Greater than 12 months 9,978 12,222
Total 17,392 14,787
Gross Unrealized Depreciation    
Less than 12 months (233) (101)
Greater than 12 months (1,016) (1,035)
Total (1,248) (1,136)
U.S. Treasury securities and obligations of U.S. government agencies and corporations    
Fair Value    
Less than 12 months 187 122
Greater than 12 months 734 772
Total 922 893
Gross Unrealized Depreciation    
Less than 12 months (4) (3)
Greater than 12 months (44) (49)
Total (49) (52)
Obligations of U.S. states and political subdivisions    
Fair Value    
Less than 12 months 5 3
Greater than 12 months 64 74
Total 69 77
Gross Unrealized Depreciation    
Less than 12 months 0 0
Greater than 12 months (9) (11)
Total (9) (11)
Corporate Securities    
Fair Value    
Less than 12 months 2,331 1,019
Greater than 12 months 2,868 2,780
Total 5,199 3,799
Gross Unrealized Depreciation    
Less than 12 months (60) (58)
Greater than 12 months (286) (263)
Total (346) (321)
Asset-backed Securities    
Fair Value    
Less than 12 months 341 196
Greater than 12 months 607 2,014
Total 948 2,210
Gross Unrealized Depreciation    
Less than 12 months (3) (2)
Greater than 12 months (24) (49)
Total (27) (51)
Commercial    
Fair Value    
Less than 12 months 194 181
Greater than 12 months 694 742
Total 888 923
Gross Unrealized Depreciation    
Less than 12 months (18) (19)
Greater than 12 months (65) (73)
Total (83) (92)
Agency Residential    
Fair Value    
Less than 12 months 1,853 423
Greater than 12 months 1,567 2,126
Total 3,420 2,549
Gross Unrealized Depreciation    
Less than 12 months (100) (4)
Greater than 12 months (203) (225)
Total (302) (229)
Non-agency Residential    
Fair Value    
Less than 12 months 384 126
Greater than 12 months 60 4
Total 444 130
Gross Unrealized Depreciation    
Less than 12 months (3) (1)
Greater than 12 months (2) 0
Total (5) 0
Foreign government securities    
Fair Value    
Less than 12 months 713 172
Greater than 12 months 927 985
Total 1,639 1,156
Gross Unrealized Depreciation    
Less than 12 months (24) (7)
Greater than 12 months (116) (101)
Total (140) (108)
Foreign corporate securities    
Fair Value    
Less than 12 months 1,406 324
Greater than 12 months 2,457 2,726
Total 3,864 3,050
Gross Unrealized Depreciation    
Less than 12 months (21) (6)
Greater than 12 months (266) (265)
Total (287) (271)
Recorded an Allowance for Credit Losses    
Fair Value    
Less than 12 months 15 2
Greater than 12 months 2 0
Total 16 2
Gross Unrealized Depreciation    
Less than 12 months (1) (1)
Greater than 12 months 0 0
Total $ (1) $ (1)