POLICY LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

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	2016				2015				Year of Issue		In 20 Years
Health insurance:
Japan:	1992 - 2016	$	8,912			$	7,633			1.0 - 2.5	%	1.0 - 2.5	%
	1974 - 2013	1,118				1,078				2.7 - 2.75		2.25 - 2.75
	1998 - 2016	11,687				11,008				3.0		3.0
	1997 - 1999	2,485				2,435				3.5		3.5
	1994 - 1996	3,069				2,998				4.0 - 4.5		4.0 - 4.5
	1987 - 1994	14,372				14,161				5.5		5.5
	1985 - 1991	1,871				1,868				5.25 - 6.75		5.25 - 5.5
	1978 - 1984	2,134				2,163				6.5		5.5
U.S.:	2013 - 2016	75				57				3.0 - 3.5		3.0 - 3.5
	2012 - 2016	1,062				794				3.75		3.75
	2011	319				300				4.75		4.75
	2005 - 2010	3,004				2,986				5.5		5.5
	1988 - 2004	669				687				8.0		6.0
	1986 - 2004	1,265				1,276				6.0		6.0
	1981 - 1986	166				174				6.5 - 7.0		5.5 - 6.5
	1998 - 2004	1,295				1,279				7.0		7.0
	Other	19				21
Intercompany eliminations:	2015	(630		)	(1)	(646		)	(1)	2.0		2.0
Life insurance:
Japan:	2001 - 2016	7,255				5,441				1.0 - 1.85		1.0 - 1.85
	2011 - 2016	4,151				3,226				2.0		2.0
	2009 - 2011	2,861				2,332				2.25		2.25
	1992 - 2006	5				5				2.19		1.55
	2005 - 2011	1,488				1,330				2.5		2.5
	1985 - 2006	2,007				1,962				2.7		2.25
	2007 - 2011	1,220				1,105				2.75		2.75
	1999 - 2011	2,102				1,988				3.0		3.0
	1996 - 2009	657				635				3.5		3.5
	1994 - 1996	897				877				4.0 - 4.5		4.0 - 4.5
U.S.:	1956 - 2016	571				514				3.5 - 6.0		3.5 - 6.0
Total		$	76,106			$	69,687

⁽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

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

(In millions)	2016				2015				2014
Unpaid supplemental health claims, beginning of year		$	3,548			$	3,412			$	3,537
Less reinsurance recoverables		26				7				9
Net balance, beginning of year		3,522				3,405				3,528
Add claims incurred during the year related to:
Current year		7,037				6,416				6,866
Prior years		(465		)		(353		)		(301		)
Total incurred		6,572				6,063				6,565
Less claims paid during the year on claims incurred during:
Current year		4,613				4,227				4,532
Prior years		1,865				1,718				1,873
Total paid		6,478				5,945				6,405
Effect of foreign exchange rate changes on unpaid claims		64				(1		)		(283		)
Net balance, end of year		3,680				3,522				3,405
Add reinsurance recoverables		27				26				7
Unpaid supplemental health claims, end of year		3,707				3,548				3,412
Unpaid life claims, end of year		338				254				218
Total liability for unpaid policy claims		$	4,045			$	3,802			$	3,630