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FAIR VALUE MEASUREMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets:    
Available for sale, fixed maturity securities $ 105,882 $ 91,262
Equity securities 1,283 802
Other investments 1,139 628
Cash and cash equivalents 5,141 4,896
Asset derivatives 583 482
Total assets 114,028 98,070
Liabilities:    
Liability derivatives 697 586
Total liabilities 697 586
Foreign currency swaps    
Assets:    
Asset derivatives 180 241
Liabilities:    
Liability derivatives 312 204
Foreign currency forwards    
Assets:    
Asset derivatives 402 238
Liabilities:    
Liability derivatives 385 377
Foreign currency options    
Assets:    
Asset derivatives 1  
Liabilities:    
Liability derivatives   5
Interest rate swaps    
Assets:    
Asset derivatives   3
Government and agencies    
Assets:    
Available for sale, fixed maturity securities 37,350 36,400
Municipalities    
Assets:    
Available for sale, fixed maturity securities 3,018 1,847
Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 1,038 410
Public utilities    
Assets:    
Available for sale, fixed maturity securities 10,817 6,780
Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,382 1,042
Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 12,060 10,287
Other corporate    
Assets:    
Available for sale, fixed maturity securities 40,217 34,496
Level 1    
Assets:    
Available for sale, fixed maturity securities 36,032 34,878
Equity securities 1,095 642
Other investments 1,139 628
Cash and cash equivalents 5,141 4,896
Asset derivatives 0 0
Total assets 43,407 41,044
Liabilities:    
Total liabilities 0 0
Level 1 | Foreign currency swaps    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 1 | Foreign currency options    
Assets:    
Asset derivatives 0  
Liabilities:    
Liability derivatives   0
Level 1 | Interest rate swaps    
Assets:    
Asset derivatives   0
Level 1 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 36,032 34,878
Level 1 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 1 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 2    
Assets:    
Available for sale, fixed maturity securities 68,833 55,697
Equity securities 86 80
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 450 313
Total assets 69,369 56,090
Liabilities:    
Total liabilities 466 460
Level 2 | Foreign currency swaps    
Assets:    
Asset derivatives 47 72
Liabilities:    
Liability derivatives 81 78
Level 2 | Foreign currency forwards    
Assets:    
Asset derivatives 402 238
Liabilities:    
Liability derivatives 385 377
Level 2 | Foreign currency options    
Assets:    
Asset derivatives 1  
Liabilities:    
Liability derivatives   5
Level 2 | Interest rate swaps    
Assets:    
Asset derivatives   3
Level 2 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 1,318 1,522
Level 2 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 3,018 1,847
Level 2 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 814 232
Level 2 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 10,395 6,556
Level 2 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 1,334 1,042
Level 2 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 12,036 10,264
Level 2 | Other corporate    
Assets:    
Available for sale, fixed maturity securities 39,918 34,234
Level 3    
Assets:    
Available for sale, fixed maturity securities 1,017 687
Equity securities 102 80
Other investments 0 0
Cash and cash equivalents 0 0
Asset derivatives 133 169
Total assets 1,252 936
Liabilities:    
Total liabilities 231 126
Level 3 | Foreign currency swaps    
Assets:    
Asset derivatives 133 169
Liabilities:    
Liability derivatives 231 126
Level 3 | Foreign currency forwards    
Assets:    
Asset derivatives 0 0
Liabilities:    
Liability derivatives 0 0
Level 3 | Foreign currency options    
Assets:    
Asset derivatives 0  
Liabilities:    
Liability derivatives   0
Level 3 | Interest rate swaps    
Assets:    
Asset derivatives   0
Level 3 | Government and agencies    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Municipalities    
Assets:    
Available for sale, fixed maturity securities 0 0
Level 3 | Mortgage- and asset-backed securities    
Assets:    
Available for sale, fixed maturity securities 224 178
Level 3 | Public utilities    
Assets:    
Available for sale, fixed maturity securities 422 224
Level 3 | Sovereign and supranational    
Assets:    
Available for sale, fixed maturity securities 48 0
Level 3 | Banks/financial institutions    
Assets:    
Available for sale, fixed maturity securities 24 23
Level 3 | Other corporate    
Assets:    
Available for sale, fixed maturity securities $ 299 $ 262