v3.26.1
LIABILITIES FOR FUTURE POLICYHOLDER BENEFITS - Balances of and Changes in Additional Liabilities Related to Insurance Guarantees (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Present Value of Expected Future Policy Benefits      
Net liability for additional liability $ 17,372   $ 17,660
Weighted Average Interest Rate 4.50%   4.50%
Assessments      
Present Value of Expected Future Policy Benefits      
Revenue and Interest Accretion $ 292 $ 316  
Interest Accretion      
Present Value of Expected Future Policy Benefits      
Revenue and Interest Accretion 30 29  
Corporate & Other | UL      
Present Value of Expected Future Policy Benefits      
Balance, beginning of period 1,328 1,246  
Beginning balance before AOCI adjustments 1,347 1,302  
Effect of changes in interest rate & cash flow assumptions and model changes 0 0  
Effect of actual variances from expected experience 1 4  
Adjusted beginning of period balance 1,348 1,306  
Interest accrual 30 29  
Net assessments collected 31 34  
Benefits payments (39) (45)  
Ending balance before shadow reserve adjustments 1,370 1,324  
Effect of reserve adjustment recorded in AOCI (15) (53)  
Balance, end of period 1,355 1,271  
Net liability for additional liability 1,355 1,271 $ 1,328
Less: Reinsurance recoverable (1,117) 0  
Net liability for future policy benefits, after reinsurance recoverable $ 238 $ 1,271  
Weighted-average duration of additional liability - death benefit (years) 18 years 1 month 6 days 19 years 1 month 6 days  
Weighted Average Interest Rate 4.50%   4.50%
Corporate & Other | UL | Assessments      
Present Value of Expected Future Policy Benefits      
Revenue and Interest Accretion $ 292 $ 316  
Corporate & Other | UL | Interest Accretion      
Present Value of Expected Future Policy Benefits      
Revenue and Interest Accretion $ 30 $ 29