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FAIR VALUE MEASUREMENTS (Details - Assets and Liabilities Measured at Fair Value on a Recurring Basis) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale [1] $ 277,202 $ 271,496
Other bond securities [1] 6,278 5,291
Equity securities [1] 739 1,056
Other invested assets 10,504 8,422
Derivative Assets, Fair Value, Gross 5,761 6,805
Derivative assets, Counterparty netting (2,779) (3,812)
Derivative assets, Cash collateral (2,139) (2,219)
Derivative assets 843 774
Short-term investments 4,426 5,968
Separate account assets, at fair value 109,111 100,290
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 9,736 9,798
Other policyholder funds 3,476 3,548
Derivative Liabilities, Fair Value, Gross 4,454 5,822
Derivative liabilities, Counterparty netting (2,779) (3,812)
Derivative liabilities, Cash collateral (1,089) (1,441)
Derivative liabilities 586 569
Fortitude Re funds withheld payable 40,771 43,060
Other liabilities 586 570
Long-term debt 1,871 2,097
Fair Value Using Net Asset Value Per Share or its equivalent 8,418 6,493
Level 1    
Fair Value, Liabilities Measured on Recurring Basis    
Fortitude Re funds withheld payable 0 0
Level 2    
Fair Value, Liabilities Measured on Recurring Basis    
Fortitude Re funds withheld payable 0 0
Level 3    
Fair Value, Liabilities Measured on Recurring Basis    
Fortitude Re funds withheld payable 34,849 37,018
Recurring Basis    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 277,202 271,496
Other bond securities 6,278 5,291
Equity securities 739 1,056
Other invested assets 2,086 1,929
Derivative assets, Counterparty netting (2,779) (3,812)
Derivative assets, Cash collateral (2,139) (2,219)
Derivative assets, Counterparty netting and cash collateral (4,918) (6,031)
Derivative assets 843 774
Short-term investments 4,426 5,968
Other assets 114 113
Separate account assets, at fair value 109,111 100,290
Fair value assets measured on recurring basis, total 400,799 386,917
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 9,736 9,798
Derivative liabilities, Counterparty netting (2,779) (3,812)
Derivative liabilities, Cash collateral (1,089) (1,441)
Derivative liabilities, Counterparty netting and cash collateral (3,868) (5,253)
Derivative liabilities 586 569
Fortitude Re funds withheld payable 5,922 6,042
Other liabilities 0 1
Long-term debt 1,871 2,097
Fair value liabilities measured on recurring basis, total 18,115 18,507
Recurring Basis | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 3,873 4,637
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 3,633 4,436
Recurring Basis | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 1,189 1,022
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 721 1,090
Recurring Basis | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 681 1,130
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 53 223
Recurring Basis | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 4  
Recurring Basis | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 1 2
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 47 67
Recurring Basis | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 13 14
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 6
Recurring Basis | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 8,194 4,126
Other bond securities 1,750 1,845
Recurring Basis | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 14,527 16,124
Other bond securities 97  
Recurring Basis | Non-U.S. governments    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 16,330 15,345
Other bond securities 76 0
Recurring Basis | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 175,608 169,298
Other bond securities 1,050 12
Recurring Basis | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 27,287 31,465
Other bond securities 411 429
Recurring Basis | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 15,809 16,133
Other bond securities 315 320
Recurring Basis | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 19,447 19,005
Other bond securities 2,579 2,685
Recurring Basis | Level 1    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 2,562 101
Other bond securities 0 0
Equity securities 669 929
Other invested assets 0 0
Derivative Assets, Fair Value, Gross 7 9
Short-term investments 2,584 2,379
Other assets 0 0
Separate account assets, at fair value 105,221 96,560
Fair value assets measured on recurring basis, total 111,043 99,978
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 0 0
Derivative Liabilities, Fair Value, Gross 2 15
Fortitude Re funds withheld payable 0 0
Other liabilities 0 0
Long-term debt 0 0
Fair value liabilities measured on recurring basis, total 2 15
Recurring Basis | Level 1 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 1 1
Recurring Basis | Level 1 | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 1 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 7 9
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 1 14
Recurring Basis | Level 1 | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0  
Recurring Basis | Level 1 | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 1 | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 1 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 2,553 73
Other bond securities 0 0
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0  
Recurring Basis | Level 1 | Non-U.S. governments    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 9 28
Other bond securities 0 0
Recurring Basis | Level 1 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 1 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 1 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 1 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 2    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 247,778 244,506
Other bond securities 3,581 2,593
Equity securities 64 76
Other invested assets 138 102
Derivative Assets, Fair Value, Gross 5,289 6,580
Short-term investments 1,842 3,589
Other assets 0 0
Separate account assets, at fair value 3,890 3,730
Fair value assets measured on recurring basis, total 262,582 261,176
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 54 0
Derivative Liabilities, Fair Value, Gross 4,415 5,710
Fortitude Re funds withheld payable 0 0
Other liabilities 0 1
Long-term debt 1,871 2,097
Fair value liabilities measured on recurring basis, total 6,340 7,808
Recurring Basis | Level 2 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 3,873 4,637
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 3,632 4,435
Recurring Basis | Level 2 | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 1,188 1,020
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 721 1,090
Recurring Basis | Level 2 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 224 923
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 46 162
Recurring Basis | Level 2 | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 4  
Recurring Basis | Level 2 | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 16 23
Recurring Basis | Level 2 | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 2 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 5,641 4,053
Other bond securities 1,750 1,845
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 13,096 14,019
Other bond securities 97  
Recurring Basis | Level 2 | Non-U.S. governments    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 16,314 15,312
Other bond securities 76 0
Recurring Basis | Level 2 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 172,967 166,949
Other bond securities 916 12
Recurring Basis | Level 2 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 16,909 19,771
Other bond securities 215 290
Recurring Basis | Level 2 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 14,619 15,211
Other bond securities 280 273
Recurring Basis | Level 2 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 8,232 9,191
Other bond securities 247 173
Recurring Basis | Level 3    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 26,862 26,889
Other bond securities 2,697 2,698
Equity securities 6 51
Other invested assets 1,948 1,827
Derivative Assets, Fair Value, Gross 465 216
Short-term investments 0 0
Other assets 114 113
Separate account assets, at fair value 0 0
Fair value assets measured on recurring basis, total 32,092 31,794
Fair Value, Liabilities Measured on Recurring Basis    
Policyholder contract deposits, portion measured at fair value 9,682 9,798
Derivative Liabilities, Fair Value, Gross 37 97
Fortitude Re funds withheld payable 5,922 6,042
Other liabilities 0 0
Long-term debt 0 0
Fair value liabilities measured on recurring basis, total 15,641 15,937
Recurring Basis | Level 3 | Interest rate contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0 0
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 3 | Foreign exchange contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 1 2
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 0
Recurring Basis | Level 3 | Equity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 450 198
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 6 47
Recurring Basis | Level 3 | Commodity contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 0  
Recurring Basis | Level 3 | Credit contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 1 2
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 31 44
Recurring Basis | Level 3 | Other contracts    
Fair Value, Assets Measured on Recurring Basis    
Derivative Assets, Fair Value, Gross 13 14
Fair Value, Liabilities Measured on Recurring Basis    
Derivative Liabilities, Fair Value, Gross 0 6
Recurring Basis | Level 3 | U.S. government and government sponsored entities    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 0 0
Other bond securities 0 0
Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 1,431 2,105
Other bond securities 0  
Recurring Basis | Level 3 | Non-U.S. governments    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 7 5
Other bond securities 0 0
Recurring Basis | Level 3 | Corporate debt    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 2,641 2,349
Other bond securities 134 0
Recurring Basis | Level 3 | Residential mortgage-backed securities (RMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 10,378 11,694
Other bond securities 196 139
Recurring Basis | Level 3 | Commercial mortgage-backed securities (CMBS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 1,190 922
Other bond securities 35 47
Recurring Basis | Level 3 | Collateralized Debt Obligations/Asset Backed Securities (CDO/ABS)    
Fair Value, Assets Measured on Recurring Basis    
Bonds available for sale 11,215 9,814
Other bond securities $ 2,332 $ 2,512
[1] See Note 9 for details of balances associated with variable interest entities.