POLICY LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

Insurance Loss Reserves [Abstract]

Liability for Future Policy Benefits by Product Segment

The liability for future policy benefits as of December 31 consisted of the following:

		Liability Amounts						Interest Rates
(In millions)	Policy Issue Year	2015				2014		Year of Issue		In 20 Years
Health insurance:
Japan:	1992 - 2015	$	7,633			$	3,900	1.25 - 2.5	%	1.25 - 2.5	%
	1974 - 2013	1,078				3,449		2.7 - 2.75		2.25 - 2.75
	1998 - 2014	11,008				10,641		3.0		3.0
	1997 - 1999	2,435				2,461		3.5		3.5
	1994 - 1996	2,998				3,023		4.0 - 4.5		4.0 - 4.5
	1987 - 1994	14,161				14,394		5.5		5.5
	1985 - 1991	1,868				1,923		5.25 - 6.75		5.25 - 5.5
	1978 - 1984	2,163				2,260		6.5		5.5
U.S.:	2013 - 2015	57				42		3.0 - 3.5		3.0 - 3.5
	2012 - 2015	794				546		3.75		3.75
	2011	300				276		4.75		4.75
	2005 - 2010	2,986				2,951		5.5		5.5
	1988 - 2004	687				706		8.0		6.0
	1986 - 2004	1,276				1,293		6.0		6.0
	1981 - 1986	174				183		6.5 - 7.0		5.5 - 6.5
	1998 - 2004	1,279				1,260		7.0		7.0
	Other	21				21
Intercompany eliminations:	2015	(646		)	(1)	0		2.0		2.0
Life insurance:
Japan:	2001 - 2015	5,441				3,986		1.5 - 1.85		1.5 - 1.85
	2011 - 2015	3,226				2,298		2.0		2.0
	2009 - 2011	2,332				1,890		2.25		2.25
	1992 - 2006	5				0		2.35		1.77
	2005 - 2011	1,330				1,214		2.5		2.5
	1985 - 2006	1,962				2,006		2.7		2.25
	2007 - 2011	1,105				1,010		2.75		2.75
	1999 - 2011	1,988				1,944		3.0		3.0
	1996 - 2009	635				633		3.5		3.5
	1994 - 1996	877				884		4.0 - 4.5		4.0 - 4.5
U.S.:	1956 - 2015	514				452		3.5 - 6.0		3.5 - 6.0
Total		$	69,687			$	65,646

⁽¹⁾Elimination entry necessary due to recapture of a portion of policy liabilities ceded externally, as a result of the reinsurance retrocession transaction as described in Note 8 of the Notes to the Consolidated Financial Statements

Schedule of Liability for Unpaid Claims Adjustment Expense

hanges in the liability for unpaid policy claims were as follows for the years ended December 31:

(In millions)	2015				2014				2013
Unpaid supplemental health claims, beginning of year		$	3,412			$	3,537			$	3,781
Less reinsurance recoverables		7				9				10
Net balance, beginning of year		3,405				3,528				3,771
Add claims incurred during the year related to:
Current year		6,416				6,866				7,215
Prior years		(353		)		(301		)		(236		)
Total incurred		6,063				6,565				6,979
Less claims paid during the year on claims incurred during:
Current year		4,227				4,532				4,834
Prior years		1,718				1,873				1,931
Total paid		5,945				6,405				6,765
Effect of foreign exchange rate changes on unpaid claims		(1		)		(283		)		(457		)
Net balance, end of year		3,522				3,405				3,528
Add reinsurance recoverables		26				7				9
Unpaid supplemental health claims, end of year		3,548				3,412				3,537
Unpaid life claims, end of year		254				218				226
Total liability for unpaid policy claims		$	3,802			$	3,630			$	3,763