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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $76,161 and $64,977; allowance for credit losses of $111 and $75) $ 70,491 [1] $ 60,467 [2]
Available-for-sale Securities, Equity Securities 144 139
Mortgage loans (net of allowance for credit losses of $75 and $67) 7,984 7,377
Policy loans 1,171 1,206
Funds withheld at interest 5,556 5,683
Real Estate Investments, Joint Ventures 2,791 2,635
Short-term investments 335 222
Other invested assets 1,148 1,171
Total investments 89,620 78,900
Cash and cash equivalents 4,596 2,970
Accrued investment income 881 759
Premiums receivable and other reinsurance balances 3,635 3,528
Reinsurance Recoverables, Including Reinsurance Premium Paid 5,122 5,448
Deferred policy acquisition costs 4,720 4,617
Other assets 1,314 1,401
Total assets 109,888 97,623 CloseClose
Market Risk Benefit, Net Amount at Risk 217 258
Funds Held under Reinsurance Agreements, Liability 4,323 4,483
Liabilities and equity    
Future policy benefits 50,779 41,231
Interest-sensitive contract liabilities 31,676 30,273
Other policy claims and benefits 2,769 2,730
Other reinsurance balances 917 1,103
Deferred income taxes 1,866 1,862
Other liabilities 2,449 2,085
Long-term debt 5,067 4,427
Total liabilities 100,063 88,452 CloseClose
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 June 30, 2024 and December 31, 2023 1 1
Additional paid-in-capital 2,567 2,544
Retained earnings 9,076 8,805
Treasury stock, at cost – 19,438,385 and 18,634,390 shares (1,889) (1,900)
Accumulated other comprehensive income (loss) (20) (369)
Total RGA, Inc. shareholders’ equity 9,735 9,081 CloseClose
Stockholders' Equity Attributable to Noncontrolling Interest 90 90
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 9,825 9,171
Total liabilities and shareholders’ equity $ 109,888 $ 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 June 30, 2024, the fair value of such investments was $911 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