POLICY LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

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 Rate Assumptions
(In millions)	2019				2018
Health insurance
Japan	$	50,941			$	49,496			0.6 - 6.75	%
U.S.	8,646				8,442				3.0 - 7.0
Intercompany eliminations	(532		)	(1)	(583		)	(1)	2.0
Life insurance
Japan	30,520				28,318				1.0 - 4.5
U.S.	760				695				2.5 - 6.0
Total	$	90,335			$	86,368

⁽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)	2019				2018				2017
Unpaid supplemental health claims, beginning of period		$	3,952			$	3,884			$	3,707
Less reinsurance recoverables		27				30				27
Net balance, beginning of period		3,925				3,854				3,680
Add claims incurred during the period related to:
Current year		7,216				7,101				6,979
Prior years		(552		)		(563		)		(518		)
Total incurred		6,664				6,538				6,461
Less claims paid during the period on claims incurred during:
Current year		4,715				4,612				4,530
Prior years		1,965				1,898				1,822
Total paid		6,680				6,510				6,352
Effect of foreign exchange rate changes on unpaid claims		29				43				65
Net balance, end of period		3,938				3,925				3,854
Add reinsurance recoverables		30				27				30
Unpaid supplemental health claims, end of period		3,968				3,952				3,884
Unpaid life claims, end of period		691				632				508
Total liability for unpaid policy claims		$	4,659			$	4,584			$	4,392