INCOME TAXES (Details - Components of the net deferred tax assets (liabilities) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Life policy reserves	$ 3,040	$ 353
Losses and tax credit carryforwards	16,448	18,680
Basis differences on investments	4,985	4,886
Accruals not currently deductible, and other	1,128	1,003
Deferred Tax Assets, Investments in foreign subsidiaries	103
Loss reserve discount	1,151	1,021
Loan loss and other reserves	39	8
Unearned premium reserve reduction	924	1,603
Flight equipment, fixed assets and intangible assets	478	129
Other	710	577
Employee benefits	1,171	1,286
Total deferred tax assets	30,177	29,546
Deferred tax liabilities:
Deferred Tax Liabilities, Investments in foreign subsidiaries	0	(33)
Deferred policy acquisition costs	(3,790)	(3,467)
Unrealized gains related to available for sale debt securities	(2,844)	(3,077)
Total deferred tax liabilities	(6,634)	(6,577)
Net deferred tax assets before valuation allowance	23,543	22,969
Valuation allowance	(2,831)	(3,012)
Net deferred tax assets (liabilities)	$ 20,712	$ 19,957