BENEFITS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Activity in Benefits Payable

On a consolidated basis, activity in benefits payable, was as follows for the six months ended June 30, 2020 and 2019:


	For the six months ended June 30,
	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	30,039		27,086
Prior years	(235)		(275)
Total incurred	29,804		26,811
Paid related to:
Current year	(22,665)		(21,700)
Prior years	(5,098)		(4,108)
Total paid	(27,763)		(25,808)

Reinsurance recoverable	3		72
Balances, end of period	$	7,980	$	5,842

Activity in benefits payable for our Retail segment was as follows for the six months ended June 30, 2020 and 2019:


	For the six months ended June 30,
	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	27,921		24,657
Prior years	(205)		(311)
Total incurred	27,716		24,346
Paid related to:
Current year	(21,063)		(19,826)
Prior years	(4,528)		(3,592)
Total paid	(25,591)		(23,418)

Reinsurance recoverable	3		72
Balances, end of period	$	7,423	$	5,243

Activity in benefits payable for our Group and Specialty segment, was as follows for the six months ended June 30, 2020 and 2019:


	For the six months ended June 30,
	2020		2019
	(in millions)
Balances, beginning of period	$	641	$	517




Incurred related to:
Current year	2,434		2,693
Prior years	(30)		36
Total incurred	2,404		2,729
Paid related to:
Current year	(1,918)		(2,131)
Prior years	(570)		(516)
Total paid	(2,488)		(2,647)


Balances, end of period	$	557	$	599

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

	June 30,
	2020
Net outstanding liabilities	(in millions)
Retail	$	7,420
Group and Specialty	557


Benefits payable, net of reinsurance	7,977

Reinsurance recoverable on unpaid claims
Retail	3









Total benefits payable, gross	$	7,980