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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Fixed Maturity Securities [Abstract]    
Fixed maturity securities available-for-sale at fair value (amortized cost of $64,977 and $59,663; allowance for credit losses of $75 and $37) $ 60,467 [1] $ 52,901 [2]
Equity Securities, FV-NI 139 134
Mortgage loans (net of allowance for credit losses of $67 and $51) 7,377 6,590
Policy loans 1,206 1,231
Funds withheld at interest 5,683 6,003
Real Estate Investments, Joint Ventures 2,635 2,327
Short-term investments 222 154
Other invested assets 1,171 1,140
Total investments 78,900 70,480
Cash and cash equivalents 2,970 2,927
Accrued investment income 759 630
Premiums receivable and other reinsurance balances 3,528 3,013
Reinsurance ceded receivables and other 5,448 2,671
Deferred policy acquisition costs 4,617 4,128
Other assets 1,401 1,055
Total assets 97,623 84,904 Close
Liabilities and Equity    
Future policy benefits 41,231 35,689
Interest-sensitive contract liabilities 30,273 30,342
Other policy claims and benefits 2,730 2,480
Other reinsurance balances 1,103 725
Deferred income taxes 1,862 1,383
Funds Held under Reinsurance Agreements, Liability 4,483 1,486
Other liabilities 2,085 1,420
Long-term debt 4,427 3,961
Total liabilities 88,452 77,733 Close
Commitments and contingent liabilities (See Note 17)
Stockholders Equity:    
Preferred stock (par value $.01 per share; 10,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $0.01 per share; 140,000,000 shares authorized; shares issued: 85,310,598 at both December 31, 2023 and December 31, 2022) 1 1
Additional paid-in-capital 2,544 2,502
Retained earnings 8,805 8,169
Treasury stock, at cost – 19,689,885 and 18,634,390 shares (1,900) (1,720)
Accumulated other comprehensive income (loss) (369) (1,871)
Total Reinsurance Group of America, Inc. stockholders’ equity 9,081 7,081 Close
Total liabilities and stockholders’ equity 97,623 84,904
Stockholders' Equity Attributable to Noncontrolling Interest 90 90
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 9,171 7,171
Market Risk Benefit, Net Amount at Risk $ 258 $ 247
[1] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of such investments was $856 million
[2] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2022, the fair value of such investments was $683 million.