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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $70,790 and $64,977; allowance for credit losses of $95 and $75) $ 65,827 [1] $ 60,467 [2]
Available-for-sale Securities, Equity Securities 144 139
Mortgage loans (net of allowance for credit losses of $77 and $67) 7,539 7,377
Policy loans 1,198 1,206
Funds withheld at interest 5,642 5,683
Limited partnerships and real estate joint ventures 2,697 2,635
Short-term investments 327 222
Other invested assets 1,140 1,171
Total investments 84,514 78,900
Cash and cash equivalents 5,935 2,970
Accrued investment income 808 759
Premiums receivable and other reinsurance balances 3,342 3,528
Reinsurance ceded receivables and other 5,265 5,448
Deferred policy acquisition costs 4,673 4,617
Other assets 1,463 1,401
Total assets 106,000 97,623 Close
Liabilities and equity    
Future policy benefits 47,067 41,231
Interest-sensitive contract liabilities 31,319 30,273
Market risk benefits, at fair value 228 258
Other policy claims and benefits 2,753 2,730
Other reinsurance balances 874 1,103
Deferred income taxes 1,897 1,862
Funds withheld payable 4,409 4,483
Other liabilities 3,468 2,085
Long-term debt 4,427 4,427
Total liabilities 96,442 88,452 Close
Commitments and contingent liabilities (See Note 15)
Equity    
Preferred stock – par value $0.01 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, 85,310,598 shares issued at March 31, 2024 and December 31, 2023 1 1
Additional paid-in-capital 2,549 2,544
Retained earnings 8,934 8,805
Treasury stock, at cost – 19,522,343 and 19,689,885 shares (1,891) (1,900)
Accumulated other comprehensive income (loss) (125) (369)
Total RGA, Inc. stockholders’ equity 9,468 9,081
Noncontrolling interest 90 90
Total equity 9,558 9,171 Close
Total liabilities and stockholders’ equity $ 106,000 $ 97,623
[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 March 31, 2024, the fair value of such investments was $893 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, 2023, the fair value of such investments was $856 million