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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Rollforward of allowance for credit losses related to the adoption of the Financial Instruments Credit Losses Standard) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Summary of Significant Accounting Policies [Line Items]          
Securities available for sale, balance, beginning of year $ 198   $ 0    
Securities available for sale, purchased credit deteriorated initial allowance and purchases of available for sale debt securities accounted for as PCD assets 0   33    
Securities available for sale, incremental increase (decrease) recognized in income 81   310    
Securities available for sale, write-offs and other changes in the allowance (43)   (107)    
Securities available for sale, balance, end of period 236   236    
Mortgage and other loan receivables, balance, beginning of year 794 $ 407 438 $ 397  
Mortgage and other loan receivables, incremental increase (decrease) recognized in income 3 25 53 35  
Mortgage and other loans receivable, write-offs and other changes in the allowance 0 (2) (12) (2)  
Mortgage and other loan receivables, balance, end of period 797 $ 430 797 $ 430  
Reinsurance recoverables, balance, beginning of year 364   151    
Reinsurance recoverables, incremental increase (decrease) recognized in income 0   5    
Reinsurance recoverables, write-offs and other changes in allowance 6   (10)    
Reinsurance recoverables, balance, end of period 370   370    
Premiums and other receivables, balance, beginning of year 212   178    
Premiums and other receivables, incremental increase (decrease) recognized in income 7   9    
Premiums and other receivables, write-offs and other changes in the allowance (4)   (6)    
Premiums and other receivables, balance, end of period 215   215    
Contractual deductible recoverables, balance, beginning of year 14   0    
Contractual deductible recoverables, incremental increase (decrease) recognized in income 0   0    
Contractual deductible recoverables, write-offs and other changes in the allowance 0   0    
Contractual deductible recoverables, balance, end of period 14   14    
Commercial mortgage loan commitments, balance, beginning of year 58   0    
Commercial mortgage loan commitments, incremental increase (decrease) recognized in income 8   14    
Commercial mortgage loan commitments, write-offs and other changes in the allowance 0   1    
Commercial mortgage loan commitments, balance, end of period 66   66    
Total, beginning of year 1,640   767    
Total, incremental increase (decrease) recognized in income 99   391    
Total, write-offs and other changes in the allowance (41)   (134)    
Total, end of period 1,698   1,698    
Retained earnings (15,838)   (15,838)   $ (23,084)
Cumulative effect of change in accounting principle          
Summary of Significant Accounting Policies [Line Items]          
Securities available for sale, balance, beginning of year 0   0    
Mortgage and other loan receivables, balance, beginning of year 0   318    
Reinsurance recoverables, balance, beginning of year 0   224    
Premiums and other receivables, balance, beginning of year 0   34    
Contractual deductible recoverables, balance, beginning of year 0   14    
Commercial mortgage loan commitments, balance, beginning of year 0   51    
Total, beginning of year $ 0   641    
Secondary impacts to certain long-duration insurance contracts     (27)    
Tax impact     $ (127)    
Retained earnings         $ 487