v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Value and Estimated Fair Value of Financial Instruments Not Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance $ 14,021 $ 11,231  
Private loans, net of allowance 9,407 8,415  
Policy loans 238 234  
Other invested assets, excluding derivatives and separately managed accounts 9,261 1,242  
Policyholders’ account balances – excluding embedded derivative 97,420 94,411 $ 88,397
Notes payable 206 205  
Payables under repurchase agreements 4,386 0  
Level 1      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Total financial assets 19,893 21,270  
Funds withheld for reinsurance liabilities – embedded derivative 0 0  
Total financial liabilities 857 804  
Level 2      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Total financial assets 92,569 61,450  
Funds withheld for reinsurance liabilities – embedded derivative 0 0  
Total financial liabilities 1,864 55  
Level 3      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Total financial assets 13,676 10,617  
Funds withheld for reinsurance liabilities – embedded derivative 20 74  
Total financial liabilities 11,396 11,024  
Not recorded at fair value | Level 1      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance 0 0  
Private loans, net of allowance 0 0  
Policy loans 0 0  
Deposit assets, included in reinsurance recoverables and deposit assets 0 0  
Other invested assets, excluding derivatives and separately managed accounts 0 0  
Policyholders’ account balances – excluding embedded derivative 0 0  
Funds withheld for reinsurance liabilities – embedded derivative 0 0  
Corporate and non-recourse borrowings 0 0  
Notes payable 0 0  
Payables under repurchase agreements 0    
Not recorded at fair value | Level 2      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance 0 0  
Private loans, net of allowance 41 74  
Policy loans 0 0  
Deposit assets, included in reinsurance recoverables and deposit assets 0 0  
Other invested assets, excluding derivatives and separately managed accounts 427 417  
Policyholders’ account balances – excluding embedded derivative 0 0  
Funds withheld for reinsurance liabilities – embedded derivative 0 0  
Corporate and non-recourse borrowings 0 0  
Notes payable 0 0  
Payables under repurchase agreements 4,435    
Not recorded at fair value | Level 3      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance 13,979 11,343  
Private loans, net of allowance 9,522 8,415  
Policy loans 238 234  
Deposit assets, included in reinsurance recoverables and deposit assets 4,930 5,352  
Other invested assets, excluding derivatives and separately managed accounts 8,310 364  
Policyholders’ account balances – excluding embedded derivative 86,295 83,782  
Funds withheld for reinsurance liabilities – embedded derivative 2,918 3,083  
Corporate and non-recourse borrowings 9,694 5,574  
Notes payable 206 205  
Payables under repurchase agreements 0    
Not recorded at fair value | Carrying Amount      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance 14,021 11,231  
Private loans, net of allowance 9,407 8,415  
Policy loans 238 234  
Deposit assets, included in reinsurance recoverables and deposit assets 4,980 5,440  
Other invested assets, excluding derivatives and separately managed accounts 8,636 782  
Total financial assets 37,282 26,102  
Policyholders’ account balances – excluding embedded derivative 86,295 83,782  
Funds withheld for reinsurance liabilities – embedded derivative 2,918 3,083  
Corporate and non-recourse borrowings 9,630 5,485  
Notes payable 206 205  
Payables under repurchase agreements 4,386    
Total financial liabilities 103,435 92,555  
Not recorded at fair value | Fair Value      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Mortgage loans on real estate, net of allowance 13,979 11,343  
Private loans, net of allowance 9,563 8,489  
Policy loans 238 234  
Deposit assets, included in reinsurance recoverables and deposit assets 4,930 5,352  
Other invested assets, excluding derivatives and separately managed accounts 8,737 781  
Total financial assets 37,447 26,199  
Policyholders’ account balances – excluding embedded derivative 86,295 83,782  
Funds withheld for reinsurance liabilities – embedded derivative 2,918 3,083  
Corporate and non-recourse borrowings 9,694 5,574  
Notes payable 206 205  
Payables under repurchase agreements 4,435    
Total financial liabilities 103,548 $ 92,644  
Fair value of collateral pledged $ 4,400    
Not recorded at fair value | Fair Value | Minimum      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Repurchase agreement duration 2 months    
Not recorded at fair value | Fair Value | Maximum      
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]      
Repurchase agreement duration 24 months