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INVESTMENTS (Details 10) (USD $)
9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Investments in Alternative Investment Funds    
Alternative investment funds, fair value $ 1,038,000,000 [1] $ 1,839,000,000 [1]
Alternative investment funds, unfunded commitments 178,000,000 [1] 206,000,000 [1]
Amount of fund assets valued using net asset values provided by third party asset managers which is included in the total fair value amount of alternative investment funds 800,000,000 1,600,000,000
Hedge funds
   
Investments in Alternative Investment Funds    
Alternative investment funds, fair value 16,000,000 751,000,000
Alternative investment funds, redemption frequency (if currently eligible) Generally quarterly  
Hedge funds | Minimum
   
Investments in Alternative Investment Funds    
Alternative investment funds, redemption notice period 10 days  
Hedge funds | Maximum
   
Investments in Alternative Investment Funds    
Alternative investment funds, redemption notice period 95 days  
Private equity funds
   
Investments in Alternative Investment Funds    
Alternative investment funds, fair value 849,000,000 [2],[3] 794,000,000 [2],[3]
Alternative investment funds, unfunded commitments 153,000,000 [2],[3] 170,000,000 [2],[3]
Real estate funds
   
Investments in Alternative Investment Funds    
Alternative investment funds, fair value 173,000,000 [3],[4] 294,000,000 [3],[4]
Alternative investment funds, unfunded commitments $ 25,000,000 [3],[4] $ 36,000,000 [3],[4]
[1] Included in the total fair value of investments above are $0.8 billion and $1.6 billion of fund assets that are valued using NAVs provided by third-party asset managers as of September 30, 2014 and December 31, 2013, respectively.
[2] Private equity funds include funds that invest in infrastructure, leveraged buyout transactions, emerging markets and venture capital.
[3] With respect to the Company’s investments in private equity funds and real estate funds, distributions from each fund will be received as the underlying assets held by these funds are liquidated. It is estimated that the underlying assets of these funds will be liquidated over a period of several years as market conditions allow. Private equity and real estate funds do not allow redemption of investments by their investors. Investors are permitted to sell or transfer their investments, subject to the approval of the general partner or investment manager of these funds, which generally may not be unreasonably withheld.
[4] Includes several real estate funds that invest primarily in commercial real estate in the U.S., Europe and Asia.