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INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Jan. 20, 2017
Supplementary Insurance Information, by Segment [Line Items]        
Contractual deductible recoverable amount $ 12,500   $ 12,600  
Collateral Held For Deductible Recoverable Amounts 9,200   9,200  
Allowance for credit losses for unsecured reinsurance recoverable 14   $ 14  
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:        
Liability for unpaid loss and loss adjustment expenses, beginning of period 77,720 $ 78,328    
Reinsurance recoverable, balance at the beginning of the period (34,431) (31,069)    
Initial allowance upon CECL adoption 0 164    
Net Liability for unpaid loss and loss adjustment expenses, beginning of period 43,289 47,423    
Losses and loss adjustment expenses incurred        
Current year 3,925 4,111    
Prior years, excluding discount and amortization of deferred gain 16 (1)    
Prior years, discount charge (benefit) (18) 76    
Prior years, amortization of deferred gain on retroactive reinsurance (72) (75)    
Total losses and loss adjustment expenses incurred 3,851 4,111    
Losses and loss adjustment expenses paid        
Current year (328) (342)    
Prior years (3,584) (4,351)    
Total losses and loss adjustment expenses paid (3,912) (4,693)    
Other changes:        
Foreign exchange effect 244 (230)    
Allowance for credit losses 0 0    
Retroactive reinsurance adjustment (net of discount) 89 22    
Total other changes 333 (208)    
Net liability for unpaid losses and loss adjustment expenses, end of period 43,561 46,633    
Reinsurance recoverable, balance at the end of the period 35,271 31,114    
Total, balance at the end of period 78,832 77,747    
Change in discount on loss reserves ceded under retroactive reinsurance 39 72    
U.S. Commercial long-tail exposures | NICO | Accident Years 2015 and Prior        
Other changes:        
Discount on retroactive reinsurance $ 17 $ 8    
Risk Transferred - U.S. Commercial long-tail exposures for accident years 2015 and prior, percent       80.00%
Reinsurance Percent Ceded on Paid Losses Percent       80.00%
Ceded to NICO net paid losses in excess       $ 25,000
Ceded to NICO net paid losses in excess, aggregate limit       25,000
NICO's limit of liability under the contract       20,000
Consideration paid, including interest       $ 10,200