REINSURANCE - Schedule of Reinsurance (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Premiums earned: | ||||
| Gross amounts, including reinsurance assumed | $ 2,004 | $ 1,386 | $ 2,926 | $ 2,876 |
| Reinsurance ceded | (217) | (357) | (452) | (725) |
| Net amount | 1,787 | 1,029 | 2,474 | 2,151 |
| Other policy revenue: | ||||
| Gross amounts, including reinsurance assumed | 273 | 281 | 510 | 538 |
| Reinsurance ceded | (52) | (81) | (104) | (159) |
| Net amount | 221 | 200 | 406 | 379 |
| Policyholder benefits and claims incurred: | ||||
| Gross amounts, including reinsurance assumed | (2,541) | (1,468) | (3,409) | (2,877) |
| Reinsurance ceded | 239 | 389 | 452 | 691 |
| Net amount | (2,302) | (1,079) | (2,957) | (2,186) |
| Interest sensitive contract benefits: | ||||
| Gross amounts, including reinsurance assumed | (880) | (556) | (1,473) | (1,118) |
| Reinsurance ceded | 103 | 59 | 140 | 97 |
| Net amount | (777) | (497) | (1,333) | (1,021) |
| Change in fair value of market risk benefits: | ||||
| Gross amounts, including reinsurance assumed | (118) | 25 | (246) | (367) |
| Reinsurance ceded | 10 | 21 | (1) | 52 |
| Net amount | $ (108) | $ 46 | $ (247) | $ (315) |
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- Definition Direct Other Policy Revenue, Ceded Premiums Earned No definition available.
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- Definition Direct Other Policy Revenue Including Assumed Premium No definition available.
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- Definition Direct Premiums Earned Including Assumed Premiums No definition available.
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- Definition Interest Sensitive Contract Benefits No definition available.
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- Definition Interest sensitive contract benefits No definition available.
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- Definition Interest Sensitive Contract Benefits, Ceded No definition available.
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- Definition Interest Sensitive Contract Benefits, Direct No definition available.
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- Definition Market Risk Benefit, Change in Fair Value, Ceded No definition available.
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- Definition Market Risk Benefit, Change in Fair Value, Direct No definition available.
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- Definition Other Policy Revenue No definition available.
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- Definition Other Policy Revenue, Net No definition available.
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- Definition Amount of earned premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of gain (loss) from (increase) decrease in fair value of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Excludes change attributable to instrument-specific credit risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of reduction of provision for policy benefits and costs incurred for policies ceded. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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