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FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period $ 33,782 $ 32,245 $ 33,610 $ 35,763
Net Realized and Unrealized Gains (Losses) Included in Income 271 342 988 1,020
Other Comprehensive Income (Loss) 201 (88) 843 (299)
Purchases, Sales, Issuances and Settlements, Net (1,373) (766) (2,724) (3,451)
Gross Transfers In, assets 142 1,817 1,441 2,441
Gross Transfers Out, assets (608) (91) (1,743) (2,015)
Acquisitions   180   180
Balance End of Period 32,415 33,639 32,415 33,639
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 32 (39) 142 382
Liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 6,130 3,710 4,269 4,323
Net realized and unrealized gains and losses related to Level 3 items, liabilities 835 (281) 2,287 (1,070)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 194 85 603 259
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 2
Acquisitions, Liabilities   0   0
Balance at the End of the Period 7,159 3,514 7,159 3,514
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities (675) 209 (1,961) 1,148
Policyholder contract deposits        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 6,065 3,534 4,116 4,136
Net realized and unrealized gains and losses related to Level 3 items, liabilities 861 (242) 2,400 (986)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 240 84 650 226
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Acquisitions, Liabilities   0   0
Balance at the End of the Period 7,166 3,376 7,166 3,376
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities (691) 179 (2,044) 1,081
Derivative liabilities, net        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 65 176 153 187
Net realized and unrealized gains and losses related to Level 3 items, liabilities (26) (39) (113) (84)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (46) 1 (47) 33
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 2
Acquisitions, Liabilities   0   0
Balance at the End of the Period (7) 138 (7) 138
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities 16 30 83 67
Interest rate contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 16 14 15 22
Net realized and unrealized gains and losses related to Level 3 items, liabilities (3) (1) 0 (5)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (13) (1) (15) (5)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Acquisitions, Liabilities   0   0
Balance at the End of the Period 0 12 0 12
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities 0 1 1 5
Foreign exchange contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (4) 5 (5) 0
Net realized and unrealized gains and losses related to Level 3 items, liabilities 6 2 (4) (2)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (3) (2) 8 7
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Acquisitions, Liabilities   0   0
Balance at the End of the Period (1) 5 (1) 5
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities 0 (5) 0 (5)
Equity contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (113) (79) (75) (82)
Net realized and unrealized gains and losses related to Level 3 items, liabilities 12 (12) (8) (3)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 0 (12) (18) (20)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 2
Acquisitions, Liabilities   0   0
Balance at the End of the Period (101) (103) (101) (103)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities (13) 10 19 2
Credit contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period 173 246 227 262
Net realized and unrealized gains and losses related to Level 3 items, liabilities (24) (9) (51) (23)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (47) (1) (74) (3)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Acquisitions, Liabilities   0   0
Balance at the End of the Period 102 236 102 236
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities 14 10 13 23
Other contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance at the Beginning of the Period (7) (10) (9) (15)
Net realized and unrealized gains and losses related to Level 3 items, liabilities (17) (19) (50) (51)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 17 17 52 54
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Acquisitions, Liabilities   0   0
Balance at the End of the Period (7) (12) (7) (12)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Year, liabilities 15 14 50 42
Bonds available for sale        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 28,013 25,778 27,093 28,996
Net Realized and Unrealized Gains (Losses) Included in Income 140 249 591 619
Other Comprehensive Income (Loss) 201 (88) 842 (300)
Purchases, Sales, Issuances and Settlements, Net (946) (447) (1,390) (2,531)
Gross Transfers In, assets 140 1,763 1,439 2,386
Gross Transfers Out, assets (604) (91) (1,631) (2,006)
Acquisitions   172   172
Balance End of Period 26,944 27,336 26,944 27,336
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Obligations of states, municipalities and political subdivisions        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 2,162 2,056 2,000 2,404
Net Realized and Unrealized Gains (Losses) Included in Income (1) 0 (2) 1
Other Comprehensive Income (Loss) 119 (37) 321 (152)
Purchases, Sales, Issuances and Settlements, Net 92 (46) 178 (144)
Gross Transfers In, assets 0 54 35 54
Gross Transfers Out, assets (265) (31) (425) (167)
Acquisitions   0   0
Balance End of Period 2,107 1,996 2,107 1,996
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Non-U.S. governments        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 2 0 11 8
Net Realized and Unrealized Gains (Losses) Included in Income 6 0 5 (5)
Other Comprehensive Income (Loss) 0 (1) 0 5
Purchases, Sales, Issuances and Settlements, Net 0 1 (4) (3)
Gross Transfers In, assets 5 4 5 4
Gross Transfers Out, assets 0 0 (4) (5)
Acquisitions   0   0
Balance End of Period 13 4 13 4
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Corporate debt        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1,821 884 864 1,173
Net Realized and Unrealized Gains (Losses) Included in Income (36) 7 (10) (58)
Other Comprehensive Income (Loss) (2) (10) 79 (7)
Purchases, Sales, Issuances and Settlements, Net (535) (28) (600) (174)
Gross Transfers In, assets 112 133 1,155 701
Gross Transfers Out, assets (85) (44) (213) (693)
Acquisitions   0   0
Balance End of Period 1,275 942 1,275 942
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Residential mortgage-backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 13,863 15,377 14,199 16,136
Net Realized and Unrealized Gains (Losses) Included in Income 166 213 575 632
Other Comprehensive Income (Loss) 15 5 176 5
Purchases, Sales, Issuances and Settlements, Net (418) (725) (1,234) (1,877)
Gross Transfers In, assets 16 0 83 8
Gross Transfers Out, assets (82) (16) (239) (50)
Acquisitions   7   7
Balance End of Period 13,560 14,861 13,560 14,861
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Bonds available for sale | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 1,103 605 917 624
Net Realized and Unrealized Gains (Losses) Included in Income 2 14 8 18
Other Comprehensive Income (Loss) 32 (14) 62 (35)
Purchases, Sales, Issuances and Settlements, Net 85 31 381 1
Gross Transfers In, assets 0 64 58 111
Gross Transfers Out, assets (172) 0 (376) (19)
Acquisitions   1   1
Balance End of Period 1,050 701 1,050 701
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
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        
Balance Beginning of Period 9,062 6,856 9,102 8,651
Net Realized and Unrealized Gains (Losses) Included in Income 3 15 15 31
Other Comprehensive Income (Loss) 37 (31) 204 (116)
Purchases, Sales, Issuances and Settlements, Net (170) 320 (111) (334)
Gross Transfers In, assets 7 1,508 103 1,508
Gross Transfers Out, assets 0 0 (374) (1,072)
Acquisitions   164   164
Balance End of Period 8,939 8,832 8,939 8,832
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Other bond securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 5,068 6,068 5,845 6,512
Net Realized and Unrealized Gains (Losses) Included in Income 125 92 373 351
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (375) (342) (1,293) (1,037)
Gross Transfers In, assets 0 54 0 55
Gross Transfers Out, assets (4) 0 (111) (9)
Acquisitions   8   8
Balance End of Period 4,814 5,880 4,814 5,880
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 27 (39) 113 326
Other bond securities | Corporate debt        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 0 18 0 18
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 0 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 0 (18) 0 (18)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Acquisitions   0   0
Balance End of Period 0 0 0 0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 (2) 0 (1)
Other bond securities | Residential mortgage-backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 830 1,338 1,290 1,464
Net Realized and Unrealized Gains (Losses) Included in Income 9 18 69 73
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (24) (57) (544) (238)
Gross Transfers In, assets 0 50 0 50
Gross Transfers Out, assets 0 0 0 0
Acquisitions   0   0
Balance End of Period 815 1,349 815 1,349
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 1 (29) (18) 124
Other bond securities | Commercial mortgage-backed securities (CMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 88 71 77 74
Net Realized and Unrealized Gains (Losses) Included in Income 1 (2) 5 (5)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (17) 0 0 (1)
Gross Transfers In, assets 0 4 0 5
Gross Transfers Out, assets (4) 0 (14) 0
Acquisitions   0   0
Balance End of Period 68 73 68 73
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets (2) (2) 3 2
Other bond securities | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 4,150 4,641 4,478 4,956
Net Realized and Unrealized Gains (Losses) Included in Income 115 76 299 283
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (334) (267) (749) (780)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 (97) (9)
Acquisitions   8   8
Balance End of Period 3,931 4,458 3,931 4,458
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 28 (6) 128 201
Equity securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 35 0 27 0
Net Realized and Unrealized Gains (Losses) Included in Income 0 1 0 (2)
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net (29) 24 (20) 27
Gross Transfers In, assets 2 0 2 0
Gross Transfers Out, assets 0 0 (1) 0
Acquisitions   0   0
Balance End of Period 8 25 8 25
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets (2) 0 2 0
Mortgage and other loans receivable        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 0 0 0 5
Net Realized and Unrealized Gains (Losses) Included in Income 0 0 0 0
Other Comprehensive Income (Loss) 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net 0 0 0 (5)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Acquisitions   0   0
Balance End of Period 0 0 0 0
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 0 0 0 0
Other invested assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 605 399 587 250
Net Realized and Unrealized Gains (Losses) Included in Income 6 0 24 52
Other Comprehensive Income (Loss) 0 0 1 1
Purchases, Sales, Issuances and Settlements, Net (22) (1) (23) 95
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Acquisitions   0   0
Balance End of Period 589 398 589 398
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets 7 0 27 56
Other assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Balance Beginning of Period 61   58  
Net Realized and Unrealized Gains (Losses) Included in Income 0   0  
Other Comprehensive Income (Loss) 0   0  
Purchases, Sales, Issuances and Settlements, Net (1) $ 0 2 $ 0
Gross Transfers In, assets 0   0  
Gross Transfers Out, assets 0   0  
Balance End of Period 60   60  
Changes in Unrealized Gains (Losses) on Instruments Held at End of Period, assets $ 0   $ 0