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FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets $ 31,627 $ 31,578
Net Realized and Unrealized Gains (Losses) Included in Income, assets 136 338
Other Comprehensive Income (Loss), assets (1,485) (178)
Purchases, Sales, Issuances and Settlements, Net, assets 346 (552)
Gross Transfers In, assets 1,411 779
Gross Transfers Out, assets (1,622) (667)
Other 0 0
Fair Value End of Period, assets 30,413 31,298
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (50) 28
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (1,451) (175)
Liabilities    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, liabilities 15,176 15,721
Net realized and unrealized gains (losses) included in income, liabilities (4,832) (4,679)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (273) (165)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 40
Other 0 0
Fair Value End of Year, liabilities 10,071 10,917
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 5,239 5,419
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 9,682 9,798
Net realized and unrealized gains (losses) included in income, liabilities (1,797) (2,260)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 145 79
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities 8,030 7,617
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 1,983 2,570
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 (428) (119)
Net realized and unrealized gains (losses) included in income, liabilities 283 (37)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (20) (71)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 40
Other 0 0
Fair Value End of Year, liabilities (165) (187)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (224) (106)
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 0
Net realized and unrealized gains (losses) included in income, liabilities (1) 0
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (3) 0
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities (4) 0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 1 0
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 (1) (2)
Net realized and unrealized gains (losses) included in income, liabilities 0 1
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 1 1
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities 0 0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (1) (1)
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 (444) (151)
Net realized and unrealized gains (losses) included in income, liabilities 301 (26)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (35) (85)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 40
Other 0 0
Fair Value End of Year, liabilities (178) (222)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (241) (118)
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 30 42
Net realized and unrealized gains (losses) included in income, liabilities 1 5
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 0 (3)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities 31 44
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (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
Other contracts    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, liabilities (13) (8)
Net realized and unrealized gains (losses) included in income, liabilities (18) (17)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 17 16
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities (14) (9)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 18 16
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 5,922 6,042
Net realized and unrealized gains (losses) included in income, liabilities (3,318) (2,382)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (398) (173)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Other 0 0
Fair Value End of Year, liabilities 2,206 3,487
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 3,480 2,955
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, 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 26,862 26,889
Net Realized and Unrealized Gains (Losses) Included in Income, assets 145 194
Other Comprehensive Income (Loss), assets (1,479) (175)
Purchases, Sales, Issuances and Settlements, Net, assets 85 (298)
Gross Transfers In, assets 1,246 698
Gross Transfers Out, assets (1,455) (666)
Other 0 0
Fair Value End of Period, assets 25,404 26,642
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (1,451) (175)
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 1,431 2,105
Net Realized and Unrealized Gains (Losses) Included in Income, assets 2 3
Other Comprehensive Income (Loss), assets (285) (159)
Purchases, Sales, Issuances and Settlements, Net, assets (61) (53)
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Other 0 0
Fair Value End of Period, assets 1,087 1,896
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (273) (10)
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 7 5
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 0 0
Gross Transfers In, assets 1 1
Gross Transfers Out, assets 0 0
Other 0 0
Fair Value End of Period, assets 8 6
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 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 2,641 2,349
Net Realized and Unrealized Gains (Losses) Included in Income, assets (11) (1)
Other Comprehensive Income (Loss), assets (73) (10)
Purchases, Sales, Issuances and Settlements, Net, assets 177 177
Gross Transfers In, assets 130 187
Gross Transfers Out, assets (120) (132)
Other 0 0
Fair Value End of Period, assets 2,744 2,570
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (69) (159)
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 10,378 11,694
Net Realized and Unrealized Gains (Losses) Included in Income, assets 130 167
Other Comprehensive Income (Loss), assets (553) 64
Purchases, Sales, Issuances and Settlements, Net, assets (608) (431)
Gross Transfers In, assets 0 0
Gross Transfers Out, assets (422) (30)
Other 0 0
Fair Value End of Period, assets 8,925 11,464
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (544) (14)
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 1,190 922
Net Realized and Unrealized Gains (Losses) Included in Income, assets 8 9
Other Comprehensive Income (Loss), assets (67) (56)
Purchases, Sales, Issuances and Settlements, Net, assets 32 173
Gross Transfers In, assets 0 56
Gross Transfers Out, assets (299) 0
Other 0 0
Fair Value End of Period, assets 864 1,104
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (64) (56)
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 11,215 9,814
Net Realized and Unrealized Gains (Losses) Included in Income, assets 16 16
Other Comprehensive Income (Loss), assets (501) (14)
Purchases, Sales, Issuances and Settlements, Net, assets 545 (164)
Gross Transfers In, assets 1,115 454
Gross Transfers Out, assets (614) (504)
Other 0 0
Fair Value End of Period, assets 11,776 9,602
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (501) 64
Other bond securities    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets 2,697 2,698
Net Realized and Unrealized Gains (Losses) Included in Income, assets (121) (9)
Other Comprehensive Income (Loss), assets (1) 0
Purchases, Sales, Issuances and Settlements, Net, assets 281 (177)
Gross Transfers In, assets 118 6
Gross Transfers Out, assets (14) 0
Other 0 0
Fair Value End of Period, assets 2,960 2,518
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (171) (98)
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 | Corporate debt    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets 134  
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0  
Other Comprehensive Income (Loss), assets 0  
Purchases, Sales, Issuances and Settlements, Net, assets 77  
Gross Transfers In, assets 61  
Gross Transfers Out, assets (12)  
Other 0  
Fair Value End of Period, assets 260  
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0  
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 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 196 139
Net Realized and Unrealized Gains (Losses) Included in Income, assets (5) 3
Other Comprehensive Income (Loss), assets (1) 0
Purchases, Sales, Issuances and Settlements, Net, assets 9 (16)
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Other 0 0
Fair Value End of Period, assets 199 126
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (8) (98)
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 35 47
Net Realized and Unrealized Gains (Losses) Included in Income, assets (2) (1)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 0 (6)
Gross Transfers In, assets 0 6
Gross Transfers Out, assets 0 0
Other 0 0
Fair Value End of Period, assets 33 46
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (2) (2)
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 2,332 2,512
Net Realized and Unrealized Gains (Losses) Included in Income, assets (114) (11)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 195 (155)
Gross Transfers In, assets 57 0
Gross Transfers Out, assets (2) 0
Other 0 0
Fair Value End of Period, assets 2,468 2,346
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (161) 2
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 6 51
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 11
Other Comprehensive Income (Loss), assets (1) 3
Purchases, Sales, Issuances and Settlements, Net, assets 1 (11)
Gross Transfers In, assets 0 75
Gross Transfers Out, assets 0 (1)
Other 0 0
Fair Value End of Period, assets 6 128
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 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 1,948 1,827
Net Realized and Unrealized Gains (Losses) Included in Income, assets 112 142
Other Comprehensive Income (Loss), assets (4) (6)
Purchases, Sales, Issuances and Settlements, Net, assets (15) (66)
Gross Transfers In, assets 47 0
Gross Transfers Out, assets (153) 0
Other 0 0
Fair Value End of Period, assets 1,935 1,897
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 121 123
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 114 113
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (6) 0
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Other 0 0
Fair Value End of Period, assets 108 113
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 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