BENEFITS PAYABLE (Tables)

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Schedule of Activity in Benefits Payable

On a consolidated basis, activity in benefits payable, was as follows for the three months ended March 31, 2020 and 2019:

	For the three months ended March 31,
	2020			2019
	(in millions)
Balances, beginning of period	$	6,004		$	4,862
Less: Reinsurance recoverables	(68		)	(95		)
Balances, beginning of period, net	5,936			4,767
Incurred related to:
Current year	15,913			13,760
Prior years	(284		)	(267		)
Total incurred	15,629			13,493
Paid related to:
Current year	(10,205		)	(8,725		)
Prior years	(4,280		)	(3,595		)
Total paid	(14,485		)	(12,320		)
Reinsurance recoverable	10			84
Balances, end of period	$	7,090		$	6,024

Activity in benefits payable for our Retail segment was as follows for the three months ended March 31, 2020 and 2019:

	For the three months ended March 31,
	2020			2019
	(in millions)
Balances, beginning of period	$	5,363		$	4,338
Less: Reinsurance recoverables	(68		)	(95		)
Balances, beginning of period, net	5,295			4,243
Incurred related to:
Current year	14,698			12,606
Prior years	(238		)	(283		)
Total incurred	14,460			12,323
Paid related to:
Current year	(9,490		)	(8,032		)
Prior years	(3,778		)	(3,133		)
Total paid	(13,268		)	(11,165		)
Reinsurance recoverable	10			84
Balances, end of period	$	6,497		$	5,485

Activity in benefits payable for our Group and Specialty segment, was as follows for the three months ended March 31, 2020 and 2019:

	For the three months ended March 31,
	2020			2019
	(in millions)
Balances, beginning of period	$	641		$	517
Incurred related to:
Current year	1,357			1,271
Prior years	(46		)	16
Total incurred	1,311			1,287
Paid related to:
Current year	(857		)	(803		)
Prior years	(502		)	(462		)
Total paid	(1,359		)	(1,265		)
Balances, end of period	$	593		$	539

Schedule of Benefits Payable

The reconciliation of the net incurred and paid claims development tables to benefits payable in the consolidated

statement of financial position is as follows:

Reconciliation of the Disclosure of Incurred and Paid Claims Development to Benefits Payable, net of reinsurance
	March 31,
	2020
Net outstanding liabilities	(in millions)
Retail	$	6,487
Group and Specialty	593
Benefits payable, net of reinsurance	7,080
Reinsurance recoverable on unpaid claims
Retail	10
Total benefits payable, gross	$	7,090