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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets $ 31,858 $ 33,782 $ 30,958 $ 33,610
Net Realized and Unrealized Gains (Losses) Included in Income, assets 385 271 729 988
Other Comprehensive Income (Loss), assets 566 201 (10) 843
Purchases, Sales, Issuances and Settlements, Net, assets (740) (1,373) (1,485) (2,724)
Gross Transfers In, assets 588 142 3,405 1,441
Gross Transfers Out, assets (870) (608) (1,773) (1,743)
Divested Businesses (1) 0 (38) 0
Fair Value End of Period, assets 31,786 32,415 31,786 32,415
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 40 32 15 142
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 572   143  
Liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities 13,731 6,130 6,808 4,269
Net realized and unrealized gains (losses) included in income, liabilities 664 835 3,658 2,287
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (11) 194 245 603
Gross Transfers In, liabilities (1) 0 (1) 0
Gross Transfers Out, liabilities 5 0 5 0
Divested Businesses 0 0 3,673 0
Fair Value End of Year, liabilities 14,388 7,159 14,388 7,159
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 30 (675) (2,361) (1,961)
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 9,233 6,065 6,910 4,116
Net realized and unrealized gains (losses) included in income, liabilities 19 861 2,250 2,400
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 70 240 162 650
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 9,322 7,166 9,322 7,166
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 273 (691) (1,436) (2,044)
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 (12) 65 (102) 153
Net realized and unrealized gains (losses) included in income, liabilities (11) (26) (85) (113)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (51) (46) 113 (47)
Gross Transfers In, liabilities (1) 0 (1) 0
Gross Transfers Out, liabilities 5 0 5 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (70) (7) (70) (7)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 13 16 (6) 83
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 16 0 15
Net realized and unrealized gains (losses) included in income, liabilities 0 (3) (1) 0
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 0 (13) 1 (15)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 0 0 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  
Foreign exchange contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (1) (4) (6) (5)
Net realized and unrealized gains (losses) included in income, liabilities (2) 6 2 (4)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 0 (3) 1 8
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (3) (1) (3) (1)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 2 0 2 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  
Equity contracts        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, liabilities (53) (113) (151) (75)
Net realized and unrealized gains (losses) included in income, liabilities 9 12 19 (8)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (65) 0 23 (18)
Gross Transfers In, liabilities (1) 0 (1) 0
Gross Transfers Out, liabilities 5 0 5 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (105) (101) (105) (101)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 0 (13) (62) 19
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 45 173 62 227
Net realized and unrealized gains (losses) included in income, liabilities 1 (24) (59) (51)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (2) (47) 41 (74)
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities 44 102 44 102
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (7) 14 8 13
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 (3) (7) (7) (9)
Net realized and unrealized gains (losses) included in income, liabilities (19) (17) (46) (50)
Other Comprehensive Income (Loss), liabilities 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 16 17 47 52
Gross Transfers In, liabilities 0 0 0 0
Gross Transfers Out, liabilities 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Year, liabilities (6) (7) (6) (7)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 18 15 45 50
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 4,510   0  
Net realized and unrealized gains (losses) included in income, liabilities 656   1,493  
Other Comprehensive Income (Loss), liabilities 0   0  
Purchases, Sales, Issuances and Settlements, Net, liabilities (30)   (30)  
Gross Transfers In, liabilities 0   0  
Gross Transfers Out, liabilities 0   0  
Divested Businesses 0   3,673  
Fair Value End of Year, liabilities 5,136   5,136  
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (256)   (919)  
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 liabilities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Purchases, Sales, Issuances and Settlements, Net, 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 27,472 28,013 25,931 27,093
Net Realized and Unrealized Gains (Losses) Included in Income, assets 170 140 478 591
Other Comprehensive Income (Loss), assets 566 201 (11) 842
Purchases, Sales, Issuances and Settlements, Net, assets (652) (946) (581) (1,390)
Gross Transfers In, assets 581 140 3,222 1,439
Gross Transfers Out, assets (843) (604) (1,745) (1,631)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 27,294 26,944 27,294 26,944
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 572   143  
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 2,279 2,162 2,121 2,000
Net Realized and Unrealized Gains (Losses) Included in Income, assets 3 (1) 8 (2)
Other Comprehensive Income (Loss), assets (4) 119 195 321
Purchases, Sales, Issuances and Settlements, Net, assets (30) 92 127 178
Gross Transfers In, assets 0 0 27 35
Gross Transfers Out, assets (65) (265) (295) (425)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,183 2,107 2,183 2,107
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 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   193  
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 5 2 0 11
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 6 0 5
Other Comprehensive Income (Loss), assets 1 0 1 0
Purchases, Sales, Issuances and Settlements, Net, assets 0 0 5 (4)
Gross Transfers In, assets 1 5 7 5
Gross Transfers Out, assets 0 0 (6) (4)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 7 13 7 13
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 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 1,900 1,821 1,663 864
Net Realized and Unrealized Gains (Losses) Included in Income, assets (33) (36) (101) (10)
Other Comprehensive Income (Loss), assets 52 (2) 43 79
Purchases, Sales, Issuances and Settlements, Net, assets (25) (535) 95 (600)
Gross Transfers In, assets 452 112 1,074 1,155
Gross Transfers Out, assets (231) (85) (659) (213)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,115 1,275 2,115 1,275
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 38   59  
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 12,678 13,863 13,408 14,199
Net Realized and Unrealized Gains (Losses) Included in Income, assets 192 166 532 575
Other Comprehensive Income (Loss), assets 301 15 (375) 176
Purchases, Sales, Issuances and Settlements, Net, assets (412) (418) (806) (1,234)
Gross Transfers In, assets 3 16 29 83
Gross Transfers Out, assets (107) (82) (133) (239)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 12,655 13,560 12,655 13,560
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 335   (213)  
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 1,149 1,103 1,053 917
Net Realized and Unrealized Gains (Losses) Included in Income, assets 3 2 14 8
Other Comprehensive Income (Loss), assets 36 32 70 62
Purchases, Sales, Issuances and Settlements, Net, assets (11) 85 17 381
Gross Transfers In, assets 0 0 23 58
Gross Transfers Out, assets (196) (172) (196) (376)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 981 1,050 981 1,050
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 27   66  
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 9,461 9,062 7,686 9,102
Net Realized and Unrealized Gains (Losses) Included in Income, assets 5 3 25 15
Other Comprehensive Income (Loss), assets 180 37 55 204
Purchases, Sales, Issuances and Settlements, Net, assets (174) (170) (19) (111)
Gross Transfers In, assets 125 7 2,062 103
Gross Transfers Out, assets (244) 0 (456) (374)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 9,353 8,939 9,353 8,939
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 0 0 0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets 172   38  
Other bond securities        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 2,746 5,068 3,738 5,845
Net Realized and Unrealized Gains (Losses) Included in Income, assets 141 125 241 373
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (116) (375) (1,208) (1,293)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 (4) 0 (111)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,771 4,814 2,771 4,814
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 39 27 27 113
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 | Residential mortgage-backed securities (RMBS)        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 168 830 143 1,290
Net Realized and Unrealized Gains (Losses) Included in Income, assets 16 9 16 69
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (16) (24) 9 (544)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 168 815 168 815
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 4 1 3 (18)
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 47 88 50 77
Net Realized and Unrealized Gains (Losses) Included in Income, assets 1 1 0 5
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 0 (17) (2) 0
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 (4) 0 (14)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 48 68 48 68
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 1 (2) (1) 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 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 2,531 4,150 3,545 4,478
Net Realized and Unrealized Gains (Losses) Included in Income, assets 124 115 225 299
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (100) (334) (1,215) (749)
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 (97)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 2,555 3,931 2,555 3,931
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 34 28 25 128
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 43 35 8 27
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0 (1) 0
Other Comprehensive Income (Loss), assets 2 0 3 0
Purchases, Sales, Issuances and Settlements, Net, assets 1 (29) 11 (20)
Gross Transfers In, assets 7 2 33 2
Gross Transfers Out, assets (27) 0 (28) (1)
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 26 8 26 8
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 1 (2) 1 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 invested assets        
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation        
Fair Value Beginning of Period, assets 1,486 605 1,192 587
Net Realized and Unrealized Gains (Losses) Included in Income, assets 74 6 11 24
Other Comprehensive Income (Loss), assets (2) 0 (2) 1
Purchases, Sales, Issuances and Settlements, Net, assets 25 (22) 232 (23)
Gross Transfers In, assets 0 0 150 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses 0 0 0 0
Fair Value End of Period, assets 1,583 589 1,583 589
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 7 (13) 27
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 111 61 89 58
Net Realized and Unrealized Gains (Losses) Included in Income, assets 0 0 0 0
Other Comprehensive Income (Loss), assets 0 0 0 0
Purchases, Sales, Issuances and Settlements, Net, assets 2 (1) 61 2
Gross Transfers In, assets 0 0 0 0
Gross Transfers Out, assets 0 0 0 0
Divested Businesses (1) 0 (38) 0
Fair Value End of Period, assets 112 60 112 60
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 0 $ 0 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