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REINSURANCE (Details - Summary of the composition of pool of assets) - USD ($)
$ in Millions
6 Months Ended 7 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Effects of Reinsurance [Line Items]    
Fixed maturity securities - available for sale, Carrying Value [1] $ 273,070 $ 271,496
Fixed maturity securities - fair value option, Carrying Value [1] 4,866 5,291
Loans, Carrying Value 45,917 46,376
Investments, Carrying Value [1] 20,139 19,060
Short-term investments, Carrying Value [1] 15,169 18,203
Derivative assets, net, Carrying Value 1,032 774
Other, Carrying Value [1] 13,267 13,122
Fixed maturity securities - available for sale, Fair Value [1] 273,070 271,496
Fixed maturity securities - fair value option, Fair Value [1] 4,866 5,291
Investments, Fair Value 9,580 8,422
Derivative assets, net, Fair Value 5,586 6,805
Commercial mortgages    
Effects of Reinsurance [Line Items]    
Loans, Carrying Value 36,415 36,424
Fortitude Holdings    
Effects of Reinsurance [Line Items]    
Fixed maturity securities - available for sale, Carrying Value 34,165 36,047
Fixed maturity securities - fair value option, Carrying Value 179 200
Short-term investments, Carrying Value 94 34
Funds withheld investment assets, Carrying Value 40,199 41,899
Derivative assets, net, Carrying Value 51 (1)
Other, Carrying Value 632 604
Total, Carrying Value 40,882 42,502
Fixed maturity securities - available for sale, Fair Value 34,165 36,047
Fixed maturity securities - fair value option, Fair Value 179 200
Short-term investments, Fair Value 94 34
Funds withheld investment assets, Fair Value 40,720 42,457
Derivative assets, net, Fair Value 51 (1)
Other, Fair Value 632 604
Total 41,403 43,060
Change in net unrealized gains (losses), gross (1,600) 1,000
Change in net unrealized gains (losses), net of tax (1,300) 812
Derivative asset, Fair value of collateral 308 357
Derivative liability, Fair value of collateral 10  
Fortitude Holdings | Real Estate Funds    
Effects of Reinsurance [Line Items]    
Investments, Carrying Value 304 358
Investments, Fair Value 553 585
Fortitude Holdings | Direct private equity    
Effects of Reinsurance [Line Items]    
Investments, Carrying Value 1,356 1,168
Investments, Fair Value 1,356 1,168
Fortitude Holdings | Policy Loans    
Effects of Reinsurance [Line Items]    
Loans, Carrying Value 395 413
Loans, Fair Value 395 413
Fortitude Holdings | Commercial mortgages    
Effects of Reinsurance [Line Items]    
Loans, Carrying Value 3,706 3,679
Loans, Fair Value $ 3,978 $ 4,010
[1] See Note 8 for details of balances associated with variable interest entities.