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FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets $ 29,070 $ 33,723 $ 30,958 $ 33,610
Net Realized and Unrealized Gains (Losses) Included in Income, assets 449 400 344 717
Other Comprehensive Income (Loss), assets 1,720 412 (576) 642
Purchases, Sales, Issuances and Settlements, Net, assets 74 (860) (745) (1,351)
Gross Transfers In, assets 885 501 2,817 1,299
Gross Transfers Out, assets (306) (394) (903) (1,135)
Divested Businesses (34) 0 (37) 0
Fair Value End of Period, assets 31,858 33,782 31,858 33,782
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 272 79 (60) 107
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 1,672   (429)  
Liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 7,935 5,010 6,808 4,269
Net realized and unrealized gains (losses) included in income, liabilities 1,980 923 2,994 1,452
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 143 197 256 409
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 3,673 0 3,673 0
Fair Value End of Year, liabilities 13,731 6,130 13,731 6,130
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (151) (785) (1,075) (1,257)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Policyholder contract deposits        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 8,153 4,878 6,910 4,116
Net realized and unrealized gains (losses) included in income, liabilities 1,060 970 2,231 1,539
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 20 217 92 410
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 9,233 6,065 9,233 6,065
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (825) (832) (1,709) (1,352)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Derivative liabilities, net        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (218) 132 (102) 153
Net realized and unrealized gains (losses) included in income, liabilities 83 (47) (74) (87)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 123 (20) 164 (1)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (12) 65 (12) 65
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 11 47 (29) 95
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Interest rate contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 0 15 0 15
Net realized and unrealized gains (losses) included in income, liabilities (1) 2 (1) 3
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 1 (1) 1 (2)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 0 16 0 16
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 0 (2) 1 (3)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Foreign exchange contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 3 (1) (6) (5)
Net realized and unrealized gains (losses) included in income, liabilities 1 (5) 4 (10)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (5) 2 1 11
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (1) (4) (1) (4)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 0 4 1 4
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Equity contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (143) (96) (151) (75)
Net realized and unrealized gains (losses) included in income, liabilities 36 (4) 10 (20)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 54 (13) 88 (18)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (53) (113) (53) (113)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (15) 4 (64) 32
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Credit contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (76) 222 62 227
Net realized and unrealized gains (losses) included in income, liabilities 64 (24) (60) (27)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 57 (25) 43 (27)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 45 173 45 173
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 9 23 6 27
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Other contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (2) (8) (7) (9)
Net realized and unrealized gains (losses) included in income, liabilities (17) (16) (27) (33)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 16 17 31 35
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (3) (7) (3) (7)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 17 18 27 35
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Fortitude Re funds withheld payable        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 0   0  
Net realized and unrealized gains (losses) included in income, liabilities 837   837  
Other Comprehensive Income (Loss), liabilities 0   0  
Purchases, Sales, Issuances and Settlements, Net, liabilities 0   0  
Gross Transfers In, liabilities 0   0  
Gross Transfers Out, liabilities 0   0  
Divested Businesses 3,673   3,673  
Fair Value End of Year, liabilities 4,510   4,510  
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 663   663  
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, liabilities 0   0  
Other liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Purchases, Sales, Issuances and Settlements, Net, liabilities 0   0  
Bonds available for sale        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 24,924 27,448 25,931 27,093
Net Realized and Unrealized Gains (Losses) Included in Income, assets 214 223 308 451
Other Comprehensive Income (Loss), assets 1,720 411 (577) 641
Purchases, Sales, Issuances and Settlements, Net, assets 59 (187) 71 (444)
Gross Transfers In, assets 860 501 2,641 1,299
Gross Transfers Out, assets (305) (383) (902) (1,027)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 27,472 28,013 27,472 28,013
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 1,672   (429)  
Bonds available for sale | Obligations of states, municipalities and political subdivisions        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 2,102 2,136 2,121 2,000
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0 5 (1)
Other Comprehensive Income (Loss), assets 254 105 199 202
Purchases, Sales, Issuances and Settlements, Net, assets 20 62 157 86
Gross Transfers In, assets 0 6 27 35
Gross Transfers Out, assets (97) (147) (230) (160)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,279 2,162 2,279 2,162
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 244   193  
Bonds available for sale | Non-U.S. governments        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 6 3 0 11
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 (1) 0 (1)
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 5 0 5 (4)
Gross Transfers In, assets 0 0 6 0
Gross Transfers Out, assets (6) 0 (6) (4)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 5 2 5 2
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Bonds available for sale | Corporate debt        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 1,215 1,532 1,663 864
Net Realized and Unrealized Gains (Losses) Included in Income, assets (1) 29 (68) 26
Other Comprehensive Income (Loss), assets 72 43 (9) 81
Purchases, Sales, Issuances and Settlements, Net, assets 113 (99) 120 (65)
Gross Transfers In, assets 519 389 622 1,043
Gross Transfers Out, assets (18) (73) (428) (128)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 1,900 1,821 1,900 1,821
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 50   21  
Bonds available for sale | Residential mortgage-backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 11,687 14,045 13,408 14,199
Net Realized and Unrealized Gains (Losses) Included in Income, assets 208 182 340 409
Other Comprehensive Income (Loss), assets 947 137 (676) 161
Purchases, Sales, Issuances and Settlements, Net, assets (171) (404) (394) (816)
Gross Transfers In, assets 7 44 26 67
Gross Transfers Out, assets 0 (141) (26) (157)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 12,678 13,863 12,678 13,863
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 957   (548)  
Bonds available for sale | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 1,146 892 1,053 917
Net Realized and Unrealized Gains (Losses) Included in Income, assets 4 5 11 6
Other Comprehensive Income (Loss), assets 15 13 34 30
Purchases, Sales, Issuances and Settlements, Net, assets (16) 150 28 296
Gross Transfers In, assets 0 58 23 58
Gross Transfers Out, assets 0 (15) 0 (204)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 1,149 1,103 1,149 1,103
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 18   39  
Bonds available for sale | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 8,768 8,840 7,686 9,102
Net Realized and Unrealized Gains (Losses) Included in Income, assets 3 8 20 12
Other Comprehensive Income (Loss), assets 432 113 (125) 167
Purchases, Sales, Issuances and Settlements, Net, assets 108 104 155 59
Gross Transfers In, assets 334 4 1,937 96
Gross Transfers Out, assets (184) (7) (212) (374)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 9,461 9,062 9,461 9,062
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 403   (134)  
Other bond securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 2,569 5,599 3,738 5,845
Net Realized and Unrealized Gains (Losses) Included in Income, assets 294 159 100 248
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (117) (679) (1,092) (918)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 (11) 0 (107)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,746 5,068 2,746 5,068
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 272 58 (12) 85
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Other bond securities | Residential mortgage-backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 149 1,266 143 1,290
Net Realized and Unrealized Gains (Losses) Included in Income, assets 14 43 0 60
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 5 (479) 25 (520)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 168 830 168 830
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 13 (19) (1) (19)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Other bond securities | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 42 84 50 77
Net Realized and Unrealized Gains (Losses) Included in Income, assets 6 0 (1) 4
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (1) 14 (2) 17
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 (10) 0 (10)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 47 88 47 88
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 6 1 (2) 4
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Other bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 2,378 4,249 3,545 4,478
Net Realized and Unrealized Gains (Losses) Included in Income, assets 274 116 101 184
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (121) (214) (1,115) (415)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 (1) 0 (97)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,531 4,150 2,531 4,150
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 253 76 (9) 100
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Equity securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 19 26 8 27
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0 (1) 0
Other Comprehensive Income (Loss), assets 0 0 1 0
Purchases, Sales, Issuances and Settlements, Net, assets 0 9 10 9
Gross Transfers In, assets 25 0 26 0
Gross Transfers Out, assets (1) 0 (1) (1)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 43 35 43 35
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 3 0 3
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Other invested assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 1,467 591 1,192 587
Net Realized and Unrealized Gains (Losses) Included in Income, assets (59) 18 (63) 18
Other Comprehensive Income (Loss), assets 0 1 0 1
Purchases, Sales, Issuances and Settlements, Net, assets 78 (5) 207 (1)
Gross Transfers In, assets 0 0 150 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 1,486 605 1,486 605
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 18 (48) 19
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 0   0  
Other assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 91 59 89 58
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0 0 0
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 54 2 59 3
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses (34) 0 (37) 0
Fair Value End of Period, assets 111 61 111 61
Changes in Unrealized Gains (Losses) Inlcuded in Income on Instruments Held at End of Period, assets 0 $ 0 0 $ 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets $ 0   $ 0