POLICY LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2021

Insurance Loss Reserves [Abstract]

Schedule of Liability for Unpaid Claims Adjustment Expense

Changes in the liability for unpaid policy claims were as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)		2021		2020			2021		2020
Unpaid supplemental health claims, beginning of period		$	4,162	$	4,041		$	4,389	$	3,968
Less reinsurance recoverables		37		37			39		31
Net balance, beginning of period		4,125		4,004			4,350		3,937
Add claims incurred during the period related to:
Current year		1,720		1,780			5,302		5,354
Prior years		(215)		(105)			(739)		(408)
Total incurred		1,505		1,675			4,563		4,946
Less claims paid during the period on claims incurred during:
Current year		1,279		1,295			2,947		2,971
Prior years		219		249			1,676		1,811
Total paid		1,498		1,544			4,623		4,782
Effect of foreign exchange rate changes on unpaid claims		(29)		42			(187)		76
Net balance, end of period		4,103		4,177			4,103		4,177
Add reinsurance recoverables		39		40			39		40
Unpaid supplemental health claims, end of period		4,142		4,217			4,142		4,217
Unpaid life claims, end of period		767		759			767		759
Total liability for unpaid policy claims		$	4,909	$	4,976		$	4,909	$	4,976