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FAIR VALUE MEASUREMENTS (Details - Changes in Level 3 Recurring Fair Value Measurements) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets $ 31,578 $ 30,958
Net Realized and Unrealized Gains (Losses) Included in Income, assets 338 (105)
Other Comprehensive Income (Loss), assets (178) (2,296)
Purchases, Sales, Issuances and Settlements, Net, assets (552) (819)
Gross Transfers In, assets 779 1,932
Gross Transfers Out, assets (667) (597)
Reclassification of Held for Sale, assets 0 (3)
Fair Value End of Period, assets 31,298 29,070
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 28 (270)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period, assets (175) (2,100)
Liabilities    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, liabilities 15,721 6,808
Net realized and unrealized gains (losses) included in income, liabilities (4,679) 1,014
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (165) 113
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 40 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities 10,917 7,935
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 5,419 (769)
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 9,798 6,910
Net realized and unrealized gains (losses) included in income, liabilities (2,260) 1,171
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 79 72
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities 7,617 8,153
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 2,570 (884)
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 (119) (102)
Net realized and unrealized gains (losses) included in income, liabilities (37) (157)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (71) 41
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 40 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities (187) (218)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (106) 115
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 0 0
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 0 0
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Reclassified to Held for Sale, liabilities 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 0 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 (2) (6)
Net realized and unrealized gains (losses) included in income, liabilities 1 3
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 1 6
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities 0 3
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 (151) (151)
Net realized and unrealized gains (losses) included in income, liabilities (26) (26)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (85) 34
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 40 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities (222) (143)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (118) (14)
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 42 62
Net realized and unrealized gains (losses) included in income, liabilities 5 (124)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities (3) (14)
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities 44 (76)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities (3) 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
Other contracts    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, liabilities (8) (7)
Net realized and unrealized gains (losses) included in income, liabilities (17) (10)
Other Comprehensive Income (Loss), liabilities 0 0
Purchases, Sales, Issuances and Settlements, Net, liabilities 16 15
Gross Transfers In, liabilities 0 0
Gross Transfers Out, liabilities 0 0
Reclassified to Held for Sale, liabilities 0 0
Fair Value End of Year, liabilities (9) (2)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 16 10
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 6,042  
Net realized and unrealized gains (losses) included in income, liabilities (2,382)  
Other Comprehensive Income (Loss), liabilities 0  
Purchases, Sales, Issuances and Settlements, Net, liabilities (173)  
Gross Transfers In, liabilities 0  
Gross Transfers Out, liabilities 0  
Reclassified to Held for Sale, liabilities 0  
Fair Value End of Year, liabilities 3,487  
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, liabilities 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  
Bonds available for sale    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets 26,889 25,931
Net Realized and Unrealized Gains (Losses) Included in Income, assets 194 94
Other Comprehensive Income (Loss), assets (175) (2,297)
Purchases, Sales, Issuances and Settlements, Net, assets (298) 12
Gross Transfers In, assets 698 1,781
Gross Transfers Out, assets (666) (597)
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 26,642 24,924
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 (175) (2,100)
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 2,105 2,121
Net Realized and Unrealized Gains (Losses) Included in Income, assets 3 5
Other Comprehensive Income (Loss), assets (159) (55)
Purchases, Sales, Issuances and Settlements, Net, assets (53) 137
Gross Transfers In, assets 0 27
Gross Transfers Out, assets 0 (133)
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 1,896 2,102
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 (10) (51)
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 0
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 6
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 6 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 2,349 1,663
Net Realized and Unrealized Gains (Losses) Included in Income, assets (1) (67)
Other Comprehensive Income (Loss), assets (10) (81)
Purchases, Sales, Issuances and Settlements, Net, assets 177 7
Gross Transfers In, assets 187 103
Gross Transfers Out, assets (132) (410)
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 2,570 1,215
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 (159) (29)
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 11,694 13,408
Net Realized and Unrealized Gains (Losses) Included in Income, assets 167 132
Other Comprehensive Income (Loss), assets 64 (1,623)
Purchases, Sales, Issuances and Settlements, Net, assets (431) (223)
Gross Transfers In, assets 0 19
Gross Transfers Out, assets (30) (26)
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 11,464 11,687
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 (14) (1,505)
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 922 1,053
Net Realized and Unrealized Gains (Losses) Included in Income, assets 9 7
Other Comprehensive Income (Loss), assets (56) 19
Purchases, Sales, Issuances and Settlements, Net, assets 173 44
Gross Transfers In, assets 56 23
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 1,104 1,146
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 (56) 21
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 9,814 7,686
Net Realized and Unrealized Gains (Losses) Included in Income, assets 16 17
Other Comprehensive Income (Loss), assets (14) (557)
Purchases, Sales, Issuances and Settlements, Net, assets (164) 47
Gross Transfers In, assets 454 1,603
Gross Transfers Out, assets (504) (28)
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 9,602 8,768
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 (536)
Other bond securities    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets 2,698 3,738
Net Realized and Unrealized Gains (Losses) Included in Income, assets (9) (194)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (177) (975)
Gross Transfers In, assets 6 0
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 2,518 2,569
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (98) (284)
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 139 143
Net Realized and Unrealized Gains (Losses) Included in Income, assets 3 (14)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (16) 20
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 126 149
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (98) (14)
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 50
Net Realized and Unrealized Gains (Losses) Included in Income, assets (1) (7)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (6) (1)
Gross Transfers In, assets 6 0
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 46 42
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets (2) (8)
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 2,512 3,545
Net Realized and Unrealized Gains (Losses) Included in Income, assets (11) (173)
Other Comprehensive Income (Loss), assets 0 0
Purchases, Sales, Issuances and Settlements, Net, assets (155) (994)
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 2,346 2,378
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 2 (262)
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 51 8
Net Realized and Unrealized Gains (Losses) Included in Income, assets 11 (1)
Other Comprehensive Income (Loss), assets 3 1
Purchases, Sales, Issuances and Settlements, Net, assets (11) 10
Gross Transfers In, assets 75 1
Gross Transfers Out, assets (1) 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 128 19
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 3 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
Other invested assets    
Fair value assets and liabilities measured on recurring basis, unobservable input reconciliation calculation    
Fair Value Beginning of Period, assets 1,827 1,192
Net Realized and Unrealized Gains (Losses) Included in Income, assets 142 (4)
Other Comprehensive Income (Loss), assets (6) 0
Purchases, Sales, Issuances and Settlements, Net, assets (66) 129
Gross Transfers In, assets 0 150
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 0
Fair Value End of Period, assets 1,897 1,467
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period, assets 123 14
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 113 89
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 5
Gross Transfers In, assets 0 0
Gross Transfers Out, assets 0 0
Reclassification of Held for Sale, assets 0 (3)
Fair Value End of Period, assets 113 91
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