146 / 188
Lease and rental expense, which are included in insurance expenses in the consolidated statements of earnings,
were as follows for the years ended December 31:
(In millions)
2016
2015
2014
Lease and rental expense:
Aflac Japan
$ 53
$ 46
$ 52
Aflac U.S.
21
18
15
Other
1
1
1
Total lease and rental expense
$ 75
$ 65
$ 68
139
7. POLICY LIABILITIES
Policy liabilities consist of future policy benefits, unpaid policy claims, unearned premiums, and other policyholders'
funds, which accounted for 81%, 4%, 8% and 7% of total policy liabilities at December 31, 2016, respectively. We
regularly review the adequacy of our policy liabilities in total and by component.
The liability for future policy benefits as of December 31 consisted of the following: