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VARIABLE INTEREST ENTITIES (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Assets:      
Bonds available for sale [1] $ 263,012,000,000   $ 271,496,000,000
Other bond securities [1] 4,973,000,000   5,291,000,000
Equity securities [1] 1,160,000,000   1,056,000,000
Mortgage and other loans receivable [1] 45,468,000,000   45,562,000,000
Other invested assets [1] 19,390,000,000   19,060,000,000
Short-term investments [1] 14,454,000,000   18,203,000,000
Accrued investment income [1] 2,309,000,000   2,271,000,000
Cash 2,796,000,000 [1] $ 2,738,000,000 2,827,000,000 [1]
Other [1] 13,223,000,000   13,122,000,000
Total assets 584,390,000,000   586,481,000,000
Liabilities:      
Long-term debt [1] 26,432,000,000   28,103,000,000
Total liabilities 520,830,000,000   519,282,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt 1,515,000,000 363,000,000  
Debt of consolidated investments      
Liabilities:      
Long-term debt [1] 9,216,000,000   9,431,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt 900,000,000 $ 521,000,000  
Alternative investments      
Assets:      
Other invested assets 9,589,000,000   9,572,000,000
Investment real estate      
Assets:      
Other invested assets 8,172,000,000   7,930,000,000
Real Estate and Investment Entities      
Liabilities:      
Off-balance sheet exposure 2,200,000,000   2,400,000,000
Real Estate and Investment Entities | External      
Liabilities:      
Off-balance sheet exposure 600,000,000   700,000,000
Consolidated VIE      
Assets:      
Bonds available for sale 5,728,000,000   6,089,000,000
Other bond securities 2,226,000,000   2,367,000,000
Equity securities 558,000,000   507,000,000
Mortgage and other loans receivable 2,422,000,000   3,135,000,000
Short-term investments 1,265,000,000   1,926,000,000
Accrued investment income 33,000,000   38,000,000
Cash 378,000,000   332,000,000
Other assets 430,000,000   529,000,000
Other 28,000,000   5,000,000
Total assets 23,111,000,000   24,553,000,000
Liabilities:      
Long-term debt 8,592,000,000   8,809,000,000
Other liabilities 773,000,000   564,000,000
Total liabilities 9,365,000,000   9,373,000,000
Consolidated VIE | Alternative investments      
Assets:      
Other invested assets 2,860,000,000   2,689,000,000
Consolidated VIE | Investment real estate      
Assets:      
Other invested assets 7,183,000,000   6,936,000,000
Consolidated VIE | Real Estate and Investment Entities      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 558,000,000   507,000,000
Mortgage and other loans receivable 0   0
Short-term investments 174,000,000   365,000,000
Accrued investment income 0   0
Cash 129,000,000   129,000,000
Other assets 129,000,000   166,000,000
Other 26,000,000   3,000,000
Total assets 7,180,000,000   7,237,000,000
Liabilities:      
Long-term debt 2,529,000,000   2,559,000,000
Other liabilities 169,000,000   180,000,000
Total liabilities 2,698,000,000   2,739,000,000
Consolidated VIE | Real Estate and Investment Entities | Alternative investments      
Assets:      
Other invested assets 2,860,000,000   2,689,000,000
Consolidated VIE | Real Estate and Investment Entities | Investment real estate      
Assets:      
Other invested assets 3,304,000,000   3,378,000,000
Consolidated VIE | Securitization Vehicles      
Assets:      
Bonds available for sale 5,728,000,000   6,089,000,000
Other bond securities 2,226,000,000   2,367,000,000
Equity securities 0   0
Mortgage and other loans receivable 2,422,000,000   3,135,000,000
Short-term investments 1,071,000,000   1,534,000,000
Accrued investment income 33,000,000   38,000,000
Cash 0   0
Other assets 41,000,000   120,000,000
Other 0   0
Total assets 11,521,000,000   13,283,000,000
Liabilities:      
Long-term debt 3,548,000,000   3,961,000,000
Other liabilities 397,000,000   187,000,000
Total liabilities 3,945,000,000   4,148,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total assets contributed into consolidated securitization vehicles 10,800,000,000   12,500,000,000
Consolidated VIE | Securitization Vehicles | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Securitization Vehicles | Investment real estate      
Assets:      
Other invested assets 0   0
Consolidated VIE | Affordable Housing Partnerships      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 0   0
Mortgage and other loans receivable 0   0
Short-term investments 0   0
Accrued investment income 0   0
Cash 249,000,000   203,000,000
Other assets 260,000,000   243,000,000
Other 0   0
Total assets 4,388,000,000   4,004,000,000
Liabilities:      
Long-term debt 2,515,000,000   2,287,000,000
Other liabilities 198,000,000   187,000,000
Total liabilities 2,713,000,000   2,474,000,000
Consolidated VIE | Affordable Housing Partnerships | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Affordable Housing Partnerships | Investment real estate      
Assets:      
Other invested assets 3,879,000,000   3,558,000,000
Consolidated VIE | Other      
Assets:      
Bonds available for sale 0   0
Other bond securities 0   0
Equity securities 0   0
Mortgage and other loans receivable 0   0
Short-term investments 20,000,000   27,000,000
Accrued investment income 0   0
Cash 0   0
Other assets 0   0
Other 2,000,000   2,000,000
Total assets 22,000,000   29,000,000
Liabilities:      
Long-term debt 0   2,000,000
Other liabilities 9,000,000   10,000,000
Total liabilities 9,000,000   12,000,000
Consolidated VIE | Other | Alternative investments      
Assets:      
Other invested assets 0   0
Consolidated VIE | Other | Investment real estate      
Assets:      
Other invested assets 0   0
Unconsolidated VIE      
Assets:      
Other invested assets 6,800,000,000   6,800,000,000
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 339,462,000,000   326,250,000,000
Maximum Exposure to Loss, On-Balance Sheet 6,985,000,000   6,983,000,000
Maximum Exposure to Loss, Off-Balance Sheet 3,907,000,000   3,823,000,000
Total maximum exposure to loss 10,892,000,000   10,806,000,000
Unconsolidated VIE | Real Estate and Investment Entities      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 335,307,000,000   321,716,000,000
Maximum Exposure to Loss, On-Balance Sheet 6,482,000,000   6,420,000,000
Maximum Exposure to Loss, Off-Balance Sheet 3,378,000,000   3,273,000,000
Total maximum exposure to loss 9,860,000,000   9,693,000,000
Unconsolidated VIE | Affordable Housing Partnerships      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 2,429,000,000   2,801,000,000
Maximum Exposure to Loss, On-Balance Sheet 300,000,000   368,000,000
Maximum Exposure to Loss, Off-Balance Sheet 1,000,000   4,000,000
Total maximum exposure to loss 301,000,000   372,000,000
Unconsolidated VIE | Other      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Total VIE Assets 1,726,000,000   1,733,000,000
Maximum Exposure to Loss, On-Balance Sheet 203,000,000   195,000,000
Maximum Exposure to Loss, Off-Balance Sheet 528,000,000   546,000,000
Total maximum exposure to loss 731,000,000   $ 741,000,000
Indirectly wholly owned subsidiary | Securitization Vehicles      
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Payments related to guarantees 0    
Indirectly wholly owned subsidiary | Securitization Vehicles | Debt of consolidated investments      
Liabilities:      
Long-term debt 125,000,000    
Total assets of unconsolidated VIEs as well as maximum exposure to loss      
Repayment of debt $ 50,000,000    
[1] See Note 8 for details of balances associated with variable interest entities.