FAIR VALUE MEASUREMENTS (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
|
Dec. 31, 2012
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Sep. 30, 2013
Recurring Basis
|
Sep. 30, 2012
Recurring Basis
|
Sep. 30, 2013
Recurring Basis
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Non-U.S. government
|
Sep. 30, 2012
Recurring Basis
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Non-U.S. government
|
Sep. 30, 2012
Recurring Basis
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 1
|
Dec. 31, 2012
Recurring Basis
Level 1
|
Sep. 30, 2013
Recurring Basis
Level 1
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 1
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 1
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 1
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 1
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Level 1
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Level 1
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 1
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 1
Common Stock
|
Dec. 31, 2012
Recurring Basis
Level 1
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 1
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Level 1
Mutual Funds
|
Sep. 30, 2013
Recurring Basis
Level 2
|
Dec. 31, 2012
Recurring Basis
Level 2
|
Sep. 30, 2013
Recurring Basis
Level 2
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Foreign exchange contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Foreign exchange contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
Other contracts
|
Dec. 31, 2012
Recurring Basis
Level 2
Other contracts
|
Sep. 30, 2013
Recurring Basis
Level 2
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Level 2
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Level 2
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Level 2
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Level 2
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 2
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 2
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Level 2
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Level 2
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Level 2
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Level 2
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 2
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 2
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Level 2
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Level 2
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Level 2
Mutual Funds
|
Sep. 30, 2013
Recurring Basis
Level 3
|
Dec. 31, 2012
Recurring Basis
Level 3
|
Sep. 30, 2013
Recurring Basis
Level 3
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Credit contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Other contracts
|
Dec. 31, 2012
Recurring Basis
Level 3
Other contracts
|
Sep. 30, 2013
Recurring Basis
Level 3
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Level 3
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Level 3
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Level 3
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Level 3
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Level 3
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Level 3
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Level 3
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Recurring Basis
Level 3
Common Stock
|
Dec. 31, 2012
Recurring Basis
Level 3
Common Stock
|
Sep. 30, 2013
Recurring Basis
Level 3
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Level 3
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Counterparty Netting
|
Dec. 31, 2012
Recurring Basis
Counterparty Netting
|
Sep. 30, 2013
Recurring Basis
Counterparty Netting
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Counterparty Netting
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Cash Collateral
|
Dec. 31, 2012
Recurring Basis
Cash Collateral
|
Sep. 30, 2013
Recurring Basis
Cash Collateral
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Cash Collateral
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Interest rate contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Interest rate contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Foreign exchange contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Foreign exchange contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Equity contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Equity contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Commodity contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Commodity contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Credit contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Credit contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Other contracts
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Other contracts
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Counterparty netting and cash collateral
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Counterparty netting and cash collateral
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
U.S. government and government sponsored entities
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
U.S. government and government sponsored entities
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Obligations of states, municipalities and political subdivisions
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Obligations of states, municipalities and political subdivisions
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Non-U.S. government
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Non-U.S. government
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Corporate debt
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Corporate debt
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Residential mortgage backed securities (RMBS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Residential mortgage backed securities (RMBS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Commercial mortgage-backed securities (CMBS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Commercial mortgage-backed securities (CMBS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Common Stock
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Common Stock
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Preferred Stock
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Preferred Stock
|
Sep. 30, 2013
Recurring Basis
Total Fair Value
Mutual Funds
|
Dec. 31, 2012
Recurring Basis
Total Fair Value
Mutual Funds
|
|
Fair Value, Assets Measured on Recurring Basis | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bonds available for sale | $ 259,901 | $ 269,959 | $ 524 | $ 1,004 | $ 100 | $ 424 | $ 1,004 | $ 230,507 | $ 244,803 | $ 3,335 | $ 3,483 | $ 29,827 | $ 34,681 | $ 22,589 | $ 25,782 | $ 142,726 | $ 149,625 | $ 22,390 | $ 22,730 | $ 5,896 | $ 5,010 | $ 3,744 | $ 3,492 | $ 28,870 | $ 24,152 | $ 1,054 | $ 1,024 | $ 21 | $ 14 | $ 1,442 | $ 1,487 | $ 14,086 | $ 11,662 | $ 5,616 | $ 4,905 | $ 6,651 | $ 5,060 | $ 259,901 | $ 269,959 | $ 3,435 | $ 3,483 | $ 30,881 | $ 35,705 | $ 23,034 | $ 26,800 | $ 144,168 | $ 151,112 | $ 36,476 | $ 34,392 | $ 11,512 | $ 9,915 | $ 10,395 | $ 8,552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond trading securities, at fair value | 22,884 | 24,584 | 83 | 266 | 83 | 266 | 12,274 | 14,574 | 5,784 | 6,528 | 181 | 2 | 2 | 1,147 | 1,320 | 1,363 | 1,331 | 623 | 1,424 | 3,174 | 3,969 | 10,527 | 9,744 | 815 | 396 | 831 | 803 | 8,881 | 8,545 | 22,884 | 24,584 | 5,867 | 6,794 | 181 | 2 | 2 | 1,147 | 1,320 | 2,178 | 1,727 | 1,454 | 2,227 | 12,055 | 12,514 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities available for sale | 3,378 | 3,212 | 3,267 | 3,085 | 2,991 | 3,002 | 276 | 83 | 36 | 59 | 3 | 29 | 34 | 7 | 22 | 75 | 68 | 27 | 24 | 48 | 44 | 3,378 | 3,212 | 3,018 | 3,029 | 77 | 78 | 283 | 105 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities trading | 807 | 662 | 721 | 578 | 86 | 84 | 807 | 662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage and other loans receivable | 134 | 134 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other invested assets | 8,071 | 7,056 | 5 | 125 | 2,318 | 1,542 | 5,748 | 5,389 | 8,071 | 7,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets, at fair value | 1,723 | 3,671 | 118 | 106 | 5 | 2 | 113 | 104 | 4,069 | 5,832 | 3,970 | 5,521 | 41 | 104 | 57 | 63 | 144 | 1 | 210 | 1,109 | 38 | 956 | 83 | 54 | 1 | 1 | 55 | 60 | 33 | 38 | (1,863) | (2,467) | (1,863) | (2,467) | (811) | (909) | (811) | (909) | 1,723 | 3,671 | 4,013 | 6,479 | 41 | 104 | 253 | 221 | 1 | 145 | 56 | 60 | 33 | 38 | (2,674) | (3,376) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term investments, portion measured at fair value | 5,373 | 8,056 | 339 | 285 | 5,034 | 7,771 | 5,373 | 8,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Separate account assets, at fair value | 65,959 | 57,337 | 62,944 | 54,430 | 3,015 | 2,907 | 65,959 | 57,337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 486 | 696 | 486 | 696 | 486 | 696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value assets measured on recurring basis, total | 68,001 | 59,879 | 257,825 | 278,402 | 45,430 | 40,462 | (1,863) | (2,467) | (811) | (909) | 368,582 | 375,367 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Policyholder contract deposits, portion measured at fair value | 387 | 1,257 | 387 | 1,257 | 387 | 1,257 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities, at fair value | 2,722 | 4,061 | 4,358 | 6,022 | 3,960 | 5,582 | 275 | 174 | 94 | 114 | 4 | 146 | 25 | 6 | 1,891 | 2,482 | 165 | 224 | 1 | 7 | 1,561 | 2,051 | 164 | 200 | (1,863) | (2,467) | (1,863) | (2,467) | (1,664) | (1,976) | (1,664) | (1,976) | 2,722 | 4,061 | 4,125 | 5,806 | 275 | 174 | 95 | 121 | 4 | 146 | 1,561 | 2,051 | 189 | 206 | (3,527) | (4,443) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, portion measured at fair value | 6,981 | 8,055 | 6,538 | 7,711 | 443 | 344 | 6,981 | 8,055 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | 766 | 1,080 | 73 | 30 | 693 | 1,050 | 766 | 1,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value liabilities measured on recurring basis, total | 73 | 30 | 11,589 | 14,783 | 2,721 | 4,083 | (1,863) | (2,467) | (1,664) | (1,976) | 10,856 | 14,453 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities collateral posted for derivative transactions | 1,400 | 1,900 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities collateral received not reflected in balance sheet | 160 | 299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets transferred from Level 1 to Level 2 | 263 | 356 | 174 | 148 | 731 | 284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets transferred from Level 2 to Level 1 | $ 0 | $ 0 |