POLICY LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2018

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	2018				2017				Year of Issue		In 20 Years
Health insurance:
Japan:	1992 - 2018	$	11,598			$	10,167			1.0 - 2.5	%	1.0 - 2.5	%
	1974 - 2013	1,161				1,133				2.7 - 2.75		2.25 - 2.75
	1998 - 2018	12,764				12,386				3.0		3.0
	1997 - 1999	2,452				2,454				3.5		3.5
	1994 - 1996	3,056				3,046				4.0 - 4.5		4.0 - 4.5
	1987 - 1994	14,722				14,829				5.5		5.5
	1985 - 1991	1,779				1,816				5.25 - 6.75		5.25 - 5.5
	1978 - 1984	1,964				2,037				6.5		5.5
U.S.:	2013 - 2018	96				82				3.0 - 3.5		3.0 - 3.5
	2012 - 2018	1,682				1,366				3.75		3.75
	2011	353				343				4.75		4.75
	2005 - 2010	2,946				2,944				5.5		5.5
	1988 - 2004	641				656				8.0		6.0
	1986 - 2004	1,245				1,296				6.0		6.0
	1981 - 1986	151				159				6.5 - 7.0		5.5 - 6.5
	1998 - 2004	1,311				1,310				7.0		7.0
	Other	17				18
Intercompany eliminations:	2015	(583		)	(1)	(609		)	(1)	2.0		2.0
Life insurance:
Japan:	2001 - 2018	10,296				8,850				1.0 - 1.85		1.0 - 1.85
	2011 - 2017	5,116				4,763				2.0		2.0
	2009 - 2011	3,867				3,393				2.25		2.25
	1992 - 2006	5				5				2.19		1.55
	2005 - 2011	1,769				1,642				2.5		2.5
	1985 - 2006	2,057				2,048				2.7		2.25
	2007 - 2011	1,380				1,319				2.75		2.75
	1999 - 2011	2,249				2,189				3.0		3.0
	1996 - 2009	678				675				3.5		3.5
	1994 - 1996	901				908				4.0 - 4.5		4.0 - 4.5
U.S.:	1956 - 2018	695				632				3.5 - 6.0		3.5 - 6.0
Total		$	86,368			$	81,857

⁽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)	2018				2017				2016
Unpaid supplemental health claims, beginning of period		$	3,884			$	3,707			$	3,548
Less reinsurance recoverables		30				27				26
Net balance, beginning of period		3,854				3,680				3,522
Add claims incurred during the period related to:
Current year		7,101				6,979				7,037
Prior years		(563		)		(518		)		(465		)
Total incurred		6,538				6,461				6,572
Less claims paid during the period on claims incurred during:
Current year		4,612				4,530				4,613
Prior years		1,898				1,822				1,865
Total paid		6,510				6,352				6,478
Effect of foreign exchange rate changes on unpaid claims		43				65				64
Net balance, end of period		3,925				3,854				3,680
Add reinsurance recoverables		27				30				27
Unpaid supplemental health claims, end of period		3,952				3,884				3,707
Unpaid life claims, end of period		632				508				338
Total liability for unpaid policy claims		$	4,584			$	4,392			$	4,045