XML 168 R159.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
INCOME TAXES (Details - Components of the net deferred tax assets (liabilities) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Deferred tax assets:    
Losses and tax credit carryforwards $ 10,541 $ 11,792
Basis differences on investments 2,673 2,038
Life policy reserves 1,766 2,200
Accruals not currently deductible, and other 743 608
Investments in foreign subsidiaries 148 173
Loss reserve discount 471 272
Loan loss and other reserves 58 0
Unearned premium reserve reduction 382 504
Fixed assets and intangible assets 963 531
Other 319 962
Employee benefits 617 604
Total deferred tax assets 18,681 19,684
Deferred tax liabilities:    
Deferred policy acquisition costs (2,200) (2,342)
Unrealized gains related to available for sale debt securities (2,123) (490)
Loan loss and other reserves 0 (20)
Total deferred tax liabilities (4,323) (2,852)
Net deferred tax assets before valuation allowance 14,358 16,832
Valuation allowance (1,427) (1,780)
Net deferred tax assets (liabilities) $ 12,931 $ 15,052