XML 101 R46.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE MEASUREMENTS (Details - Investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent $ 7,700 $ 8,577
Unfunded Commitments 1,049 1,003
Private equity funds:    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 2,479 2,631
Unfunded Commitments $ 1,014 970
Average original expected lives 10 years  
Second investment redemption notice period 2 years  
Private equity funds: | Maximum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Average original expected lives 2 years  
Private equity funds: | Minimum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Average original expected lives 1 year  
Private equity funds: | Expected remaining lives of less than 3 years    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part 79.00%  
Private equity funds: | Expected remaining lives of less than 3 years | Maximum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
First threshold level of remaining lives 3 years  
Private equity funds: | Expected remaining lives of 4 to 6 years    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part 10.00%  
Private equity funds: | Expected remaining lives of 4 to 6 years | Maximum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Second threshold level of remaining lives 6 years  
Private equity funds: | Expected remaining lives of 4 to 6 years | Minimum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Second threshold level of remaining lives 4 years  
Private equity funds: | Expected remaining lives of 7 to 10 years    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part 11.00%  
Private equity funds: | Expected remaining lives of 7 to 10 years | Maximum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Third threshold level of remaining lives 10 years  
Private equity funds: | Expected remaining lives of 7 to 10 years | Minimum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Third threshold level of remaining lives 7 years  
Leveraged buyout    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent $ 1,683 1,774
Unfunded Commitments 453 436
Real Estate / Infrastructure    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 272 306
Unfunded Commitments 217 213
Venture capital    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 105 107
Unfunded Commitments 35 41
Distressed    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 142 146
Unfunded Commitments 42 41
Other..    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 277 298
Unfunded Commitments 267 239
Hedge funds:    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 5,221 5,946
Unfunded Commitments $ 35 33
Hedge fund investments redeemable monthly (as a percent) 13.00%  
Hedge fund investments redeemable quarterly (as a percent) 47.00%  
Hedge fund investments redeemable semi-annually (as a percent) 10.00%  
Hedge fund investments redeemable annually (as a percent) 30.00%  
Percentage of hedge fund investments that cannot be redeemed, either in whole or in part 73.00%  
Hedge funds: | Maximum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Investment redemption notice period (in days/years) 180 days  
Hedge funds: | Minimum [Member]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Investment redemption notice period (in days/years) 1 day  
Event-driven    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent $ 943 1,194
Unfunded Commitments 0 0
Long-short    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 2,647 2,978
Unfunded Commitments 28 25
Macro    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 556 555
Unfunded Commitments 0 0
Distressed    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 632 699
Unfunded Commitments 7 8
Emerging markets    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 293 353
Unfunded Commitments 0 0
Other hedge funds    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]    
Fair Value Using Net Asset Value Per Share or its equivalent 150 167
Unfunded Commitments $ 0 $ 0