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DERIVATIVES AND HEDGE ACCOUNTING (Details - Hedge Accounting) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]        
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships $ 5 $ 3 $ 106 $ 102
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Interest credited to policyholder account balances        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (3) 1 (7) 18
Gain (loss) recognized in earnings on hedged items 1 (3) 7 (20)
Gains/(losses) recognized in earnings for excluded components 0 0 0 0
Net Impact (2) (2) 0 (2)
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedging | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (1) (4) 7 (7)
Gain (loss) recognized in earnings on hedged items 0 3 (7) 6
Gains/(losses) recognized in earnings for excluded components 0 0 0 0
Net Impact (1) (1) 0 (1)
Derivatives designated as hedging instruments | Foreign exchange contracts | Fair value hedging | Net realized gains (losses)        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (36) (132) (4) 173
Gain (loss) recognized in earnings on hedged items 36 132 4 (173)
Gains/(losses) recognized in earnings for excluded components 107 (76) 78 205
Net Impact 107 (76) 78 205
Derivatives not designated as hedging instruments        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (2,356) (2,426) 342 1,355
Derivatives not designated as hedging instruments | Net realized gains (losses) | Excluding Fortitude Re funds withheld assets        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (388) (1,579) 52 2,173
Derivatives not designated as hedging instruments | Net realized gains (losses) | Modified Coinsurance And Funds Withheld Assets [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (1,996) (863) 269 (863)
Derivatives not designated as hedging instruments | Net investment income        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 7 (1) (5) (3)
Derivatives not designated as hedging instruments | Policy fees        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 15 15 30 30
Derivatives not designated as hedging instruments | Policyholder benefits and claims incurred        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 6 2 (4) 18
Derivatives not designated as hedging instruments | Interest rate contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 856 (7) (689) 2,566
Derivatives not designated as hedging instruments | Foreign exchange contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 48 (124) (39) 901
Derivatives not designated as hedging instruments | Equity contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (32) (471) (551) 632
Derivatives not designated as hedging instruments | Commodity contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 1 0 1 0
Derivatives not designated as hedging instruments | Credit contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives (4) (66) (9) 56
Derivatives not designated as hedging instruments | Other contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives 17 16 32 26
Derivatives not designated as hedging instruments | Embedded derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) recognized in earnings on hedging derivatives $ (3,242) $ (1,774) $ 1,597 $ (2,826)