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DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]        
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships $ 57 $ 107 $ 163 $ 5
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Interest credited to policyholder account balances        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (3) (2) (10) 16
Gain (loss) recognized in earnings on hedged items 6 5 13 (15)
Gains/(losses) recognized in earnings for excluded components 0 0 0 0
Net Impact 3 3 3 1
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 1 1 8 (6)
Gain (loss) recognized in earnings on hedged items (2) 0 (9) 6
Gains/(losses) recognized in earnings for excluded components 0 0 0 0
Net Impact (1) 1 (1) 0
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Net realized gains (losses)        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 205 (250) 201 (77)
Gain (loss) recognized in earnings on hedged items (205) 250 (201) 77
Gains/(losses) recognized in earnings for excluded components 30 (50) 108 155
Net Impact 30 (50) 108 155
Derivatives not designated as hedging instruments        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 67 (1,533) 409 (178)
Derivatives not designated as hedging instruments | Net realized gains (losses) | Excluding Fortitude Re funds withheld assets        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 277 (775) 329 1,398
Derivatives not designated as hedging instruments | Net realized gains (losses) | Modified Coinsurance And Funds Withheld Assets [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (224) (776) 45 (1,639)
Derivatives not designated as hedging instruments | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (1) 4 (6) 1
Derivatives not designated as hedging instruments | Policy fees        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 16 16 46 46
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (1) (2) (5) 16
Derivatives not designated as hedging instruments | Interest rate contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (172) (462) (861) 2,104
Derivatives not designated as hedging instruments | Foreign exchange contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 310 (535) 271 366
Derivatives not designated as hedging instruments | Equity contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (55) (46) (606) 586
Derivatives not designated as hedging instruments | Commodity contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (5) 0 (4) 0
Derivatives not designated as hedging instruments | Credit contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 0 (1) (9) 55
Derivatives not designated as hedging instruments | Other contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 17 18 49 44
Derivatives not designated as hedging instruments | Embedded derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives $ (28) $ (507) $ 1,569 $ (3,333)