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DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]        
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships $ 3 $ (7) $ 102 $ 57
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Interest credited to policyholder account balances        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives 1 9 18 14
Gain (loss) recognized in earnings on hedged items (3) (9) (20) (14)
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing 0 0 0 0
Net Impact (2) 0 (2) 0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (4) 0 (7) (1)
Gain (loss) recognized in earnings on hedged items 3 0 6 1
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing 0 0 0 0
Net Impact (1) 0 (1) 0
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Net realized capital gains (losses)        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (132) 58 173 50
Gain (loss) recognized in earnings on hedged items 132 (58) (173) (50)
Gain (loss) recognized in earnings for amounts excluded from effectiveness testing (76) 57 205 43
Net Impact (76) 57 205 43
Derivatives not designated as hedging instruments        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (2,426) 138 1,355 (180)
Derivatives not designated as hedging instruments | Net realized capital gains (losses) | Excluding Fortitude Re funds withheld assets        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (1,579) 165 2,173 (169)
Derivatives not designated as hedging instruments | Net realized capital gains (losses) | Modified Coinsurance And Funds Withheld Assets [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (863) 0 (863) 0
Derivatives not designated as hedging instruments | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (1) (50) (3) (55)
Derivatives not designated as hedging instruments | Policy fees        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives 15 18 30 35
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives 2 5 18 9
Derivatives not designated as hedging instruments | Interest rate contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (7) 615 2,566 974
Derivatives not designated as hedging instruments | Foreign exchange contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (124) 231 901 203
Derivatives not designated as hedging instruments | Equity contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (471) 89 632 (119)
Derivatives not designated as hedging instruments | Credit contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives (66) 17 56 9
Derivatives not designated as hedging instruments | Other contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives 16 18 26 34
Derivatives not designated as hedging instruments | Embedded derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in earnings on derivatives $ (1,774) $ (832) $ (2,826) $ (1,281)