2014 Q1 Form 10-Q Financial Statement

#000089817414000010 Filed on May 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $2.657B $2.601B
YoY Change 2.16% 13.44%
Cost Of Revenue $1.844B $1.689B
YoY Change 9.16% 6.88%
Gross Profit $813.5M $912.2M
YoY Change -10.82% 27.97%
Gross Profit Margin 30.62% 35.07%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.420B $2.291B
YoY Change 5.62% 9.84%
Operating Profit -$1.607B -$1.379B
YoY Change 16.5% 0.43%
Interest Expense $35.08M $28.49M
YoY Change 23.16% 22.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $199.4M $278.8M
YoY Change -28.47% 54.25%
Income Tax $62.78M $93.29M
% Of Pretax Income 31.48% 33.46%
Net Earnings $136.7M $185.5M
YoY Change -26.34% 50.45%
Net Earnings / Revenue 5.14% 7.13%
Basic Earnings Per Share $1.94 $2.51
Diluted Earnings Per Share $1.92 $2.49
COMMON SHARES
Basic Shares Outstanding 70.57M shares 73.84M shares
Diluted Shares Outstanding 71.26M shares 74.39M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.127B $1.002B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.62B $32.98B
YoY Change -7.16% 29.29%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $40.54B $40.20B
YoY Change 0.86% 24.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $0.00
YoY Change
Long-Term Debt Due $50.00M
YoY Change
Total Short-Term Liabilities $50.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.699B $2.307B
YoY Change 16.99% 11.61%
Other Long-Term Liabilities $13.45B $14.02B
YoY Change -4.07% 55.23%
Total Long-Term Liabilities $16.15B $16.33B
YoY Change -1.1% 47.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.00M
Total Long-Term Liabilities $16.15B $16.33B
Total Liabilities $34.29B $33.28B
YoY Change 3.03% 26.28%
SHAREHOLDERS EQUITY
Retained Earnings $3.773B $3.521B
YoY Change 7.14% 21.17%
Common Stock $1.784B $1.766B
YoY Change 1.0% 1.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $585.4M $349.2M
YoY Change 67.63% 7.2%
Treasury Stock Shares
Shareholders Equity $6.251B $6.915B
YoY Change
Total Liabilities & Shareholders Equity $40.54B $40.20B
YoY Change 0.86% 24.5%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $136.7M $185.5M
YoY Change -26.34% 50.45%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $541.2M $494.9M
YoY Change 9.35% -10.77%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$160.4M $16.81M
YoY Change -1054.64% -125.75%
Cash From Investing Activities -$144.3M -$385.4M
YoY Change -62.56% -24.33%
FINANCING ACTIVITIES
Cash Dividend Paid $21.24M $17.75M
YoY Change 19.66% 33.93%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $112.0M
YoY Change -100.0%
Cash From Financing Activities -$200.8M -$351.6M
YoY Change -42.9% 150.48%
NET CHANGE
Cash From Operating Activities $541.2M $494.9M
Cash From Investing Activities -$144.3M -$385.4M
Cash From Financing Activities -$200.8M -$351.6M
Net Change In Cash $196.2M -$242.0M
YoY Change -181.05% 154.72%
FREE CASH FLOW
Cash From Operating Activities $541.2M $494.9M
Capital Expenditures $0.00
Free Cash Flow $541.2M
YoY Change

Facts In Submission

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668000 USD
CY2013Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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143000 USD
CY2014Q1 us-gaap Funds Held Under Reinsurance Agreements Asset
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5814231000 USD
CY2013Q4 us-gaap Funds Held Under Reinsurance Agreements Asset
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94371000 USD
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84571000 USD
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84874000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Other Investments
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94573000 USD
CY2013Q1 us-gaap Gains Losses On Extinguishment Of Debt
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46506000 USD
CY2014Q1 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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CY2014Q1 us-gaap Guaranteed Interest Contracts
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12809003000 USD
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35093000 USD
CY2013Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
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40562000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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511000 USD
CY2013Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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375000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Recorded Investment
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37841000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Recorded Investment
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32344000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Related Allowance
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3211000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Related Allowance
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1677000 USD
CY2014Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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32918000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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38470000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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278827000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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199440000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
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93292000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
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62776000 USD
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-22000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-3157000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-3221000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-2388000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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69804000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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97589000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Other Adjustments
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174000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
108000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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-2484000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2013Q1 us-gaap Income Tax Reconciliation Tax Contingencies Domestic
IncomeTaxReconciliationTaxContingenciesDomestic
1099000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Tax Credits Foreign
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670000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Tax Credits Foreign
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855000 USD
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CY2013Q1 us-gaap Increase Decrease Cash Collateral From Counterparties
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11532000 USD
CY2014Q1 us-gaap Increase Decrease Cash Collateral From Counterparties
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29680000 USD
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CY2013Q1 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2014Q1 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2014Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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600000 USD
CY2013Q1 us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
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392876000 USD
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275091000 USD
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29340000 USD
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12317000 USD
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15627000 USD
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CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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690000 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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551000 shares
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CY2013Q1 us-gaap Interest Paid
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14322000 USD
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925552000 USD
CY2013Q4 us-gaap Liability For Future Policy Benefits
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2566000 USD
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202000 USD
CY2014Q1 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
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303000 USD
CY2014Q1 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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541228000 USD
CY2014Q1 us-gaap Net Credit Loss On Loans Managed Or Securitized Or Assetbacked Financing Arrangement
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0 USD
CY2013Q1 us-gaap Net Credit Loss On Loans Managed Or Securitized Or Assetbacked Financing Arrangement
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852000 USD
CY2014Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Investment Income
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CY2014Q1 us-gaap Net Investment Income
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CY2013Q4 us-gaap Other Assets Fair Value Disclosure
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CY2014Q1 us-gaap Other Assets Fair Value Disclosure
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CY2014Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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825000 USD
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741000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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315384000 USD
CY2013Q1 us-gaap Other Cost And Expense Operating
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CY2014Q1 us-gaap Other Income
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CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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14773000 USD
CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
16675000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
11696000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
11696000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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1902000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-450000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-451000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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202000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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303000 USD
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013Q1 us-gaap Payments For Proceeds From Short Term Investments
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CY2014Q1 us-gaap Payments For Proceeds From Short Term Investments
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CY2013Q1 us-gaap Payments For Repurchase Of Equity
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47640000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Equity
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21244000 USD
CY2013Q1 us-gaap Payments Of Dividends
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17753000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
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917715000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
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1277240000 USD
CY2014Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
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135802000 USD
CY2013Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
79361000 USD
CY2014Q1 us-gaap Provision For Loan And Lease Losses
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1664000 USD
CY2014Q1 us-gaap Payments To Fund Policy Loans
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52913000 USD
CY2013Q1 us-gaap Payments To Fund Policy Loans
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0 USD
CY2014Q1 us-gaap Policyholder Benefits And Claims Incurred Net
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1843677000 USD
CY2013Q1 us-gaap Policyholder Benefits And Claims Incurred Net
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1688910000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2013Q4 us-gaap Preferred Stock Shares Issued
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CY2014Q1 us-gaap Preferred Stock Shares Issued
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CY2013Q4 us-gaap Preferred Stock Shares Outstanding
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shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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shares
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2014Q1 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Premiums And Other Receivables Net
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1439528000 USD
CY2014Q1 us-gaap Premiums And Other Receivables Net
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1454959000 USD
CY2014Q1 us-gaap Premiums Earned Net
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2100637000 USD
CY2013Q1 us-gaap Premiums Earned Net
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1979693000 USD
CY2013Q1 us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
17241000 USD
CY2014Q1 us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
36257000 USD
CY2013Q1 us-gaap Proceeds From Collection Of Policy Loans
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32378000 USD
CY2014Q1 us-gaap Proceeds From Collection Of Policy Loans
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485000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
36028000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
111854000 USD
CY2013Q1 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
0 USD
CY2014Q1 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
24000 USD
CY2013Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
52157000 USD
CY2014Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
105622000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
584491000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
795575000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1071000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6364000 USD
CY2013Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
804000 USD
CY2014Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
84571000 USD
CY2013Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
94371000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3344000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5445000 USD
CY2013Q4 us-gaap Reinsurance Payable
ReinsurancePayable
275138000 USD
CY2014Q1 us-gaap Reinsurance Payable
ReinsurancePayable
283249000 USD
CY2014Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
594794000 USD
CY2013Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
594515000 USD
CY2013Q4 us-gaap Reinsurance Recoverables Percentage Of Total
ReinsuranceRecoverablesPercentageOfTotal
0.604
CY2014Q1 us-gaap Reinsurance Recoverables Percentage Of Total
ReinsuranceRecoverablesPercentageOfTotal
0.603
CY2013Q1 us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
204196000 USD
CY2014Q1 us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
215660000 USD
CY2013Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
112000000 USD
CY2014Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
CY2013Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2014Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-50000000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3772776000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3659938000 USD
CY2013Q1 us-gaap Revenues
Revenues
2601102000 USD
CY2014Q1 us-gaap Revenues
Revenues
2657173000 USD
CY2014Q1 us-gaap Secured Debt
SecuredDebt
484747000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
484752000 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
300500000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
300300000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
344200000 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
349700000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
310800000 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
312800000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1900000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.84
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
78.48
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M24D
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2014Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
50000000 USD
CY2014Q1 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
50000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
300000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
187400000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
6250546000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
5935527000 USD
CY2014Q1 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
-4020000 USD
CY2013Q4 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
-4578000 USD
CY2014Q1 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
9623749 shares
CY2013Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
8369540 shares
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
585358000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
508715000 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1863000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
776000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71264000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74389000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70574000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73838000 shares
CY2012Q4 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
403000 USD
CY2013Q1 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
1961000 USD
CY2013Q4 rga Claims Recoverable From Retrocessionaires Past Due
ClaimsRecoverableFromRetrocessionairesPastDue
4200000 USD
CY2014Q1 rga Claims Recoverable From Retrocessionaires Past Due
ClaimsRecoverableFromRetrocessionairesPastDue
7500000 USD
CY2013Q1 rga Collateral Financing Expense
CollateralFinancingExpense
2538000 USD
CY2014Q1 rga Collateral Financing Expense
CollateralFinancingExpense
2569000 USD
CY2014Q1 rga Collateral Obtained Percent Of Fair Value Reverse Repurchase Agreements
CollateralObtainedPercentOfFairValueReverseRepurchaseAgreements
1.00
CY2013Q4 rga Cumulative Foreign Currency Translation Gain Loss Recorded In Accumulated Other Comprehensive Income Loss For Terminated Net Investment In Foreign Operations Hedges
CumulativeForeignCurrencyTranslationGainLossRecordedInAccumulatedOtherComprehensiveIncomeLossForTerminatedNetInvestmentInForeignOperationsHedges
23900000 USD
CY2014Q1 rga Cumulative Foreign Currency Translation Gain Loss Recorded In Accumulated Other Comprehensive Income Loss For Terminated Net Investment In Foreign Operations Hedges
CumulativeForeignCurrencyTranslationGainLossRecordedInAccumulatedOtherComprehensiveIncomeLossForTerminatedNetInvestmentInForeignOperationsHedges
47000000 USD
CY2013Q4 rga Derivative Fair Value Of Free Standing Derivative Liability
DerivativeFairValueOfFreeStandingDerivativeLiability
42336000 USD
CY2014Q1 rga Derivative Fair Value Of Free Standing Derivative Liability
DerivativeFairValueOfFreeStandingDerivativeLiability
26608000 USD
CY2013Q1 rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
85731000 USD
CY2014Q1 rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
81726000 USD
CY2014Q1 rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
900000 USD
CY2013Q1 rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
1700000 USD
CY2013Q1 rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
11900000 USD
CY2014Q1 rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
500000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Funds Held Under Reinsurance Agreements Asset Embedded Derivatives
FairValueMeasuredOnRecurringBasisFundsHeldUnderReinsuranceAgreementsAssetEmbeddedDerivatives
-176270000 USD
CY2014Q1 rga Fair Value Measured On Recurring Basis Funds Held Under Reinsurance Agreements Asset Embedded Derivatives
FairValueMeasuredOnRecurringBasisFundsHeldUnderReinsuranceAgreementsAssetEmbeddedDerivatives
-99029000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives
FairValueMeasuredOnRecurringBasisGuaranteedInterestContractsEmbeddedDerivatives
868725000 USD
CY2014Q1 rga Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives
FairValueMeasuredOnRecurringBasisGuaranteedInterestContractsEmbeddedDerivatives
911987000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Short Term Investments
FairValueMeasuredOnRecurringBasisShortTermInvestments
111572000 USD
CY2014Q1 rga Fair Value Measured On Recurring Basis Short Term Investments
FairValueMeasuredOnRecurringBasisShortTermInvestments
85292000 USD
CY2014Q1 rga Funds Held Under Reinsurance Agreements Asset Specific Client
FundsHeldUnderReinsuranceAgreementsAssetSpecificClient
4100000000 USD
CY2013Q4 rga Funds Withheld At Interest Percent Of Total Investments
FundsWithheldAtInterestPercentOfTotalInvestments
0.178
CY2014Q1 rga Funds Withheld At Interest Percent Of Total Investments
FundsWithheldAtInterestPercentOfTotalInvestments
0.175
CY2014Q1 rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
19800000 USD
CY2013Q1 rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
-60400000 USD
CY2014Q1 rga Impaired Financing Receivable Net Of Related Allowance
ImpairedFinancingReceivableNetOfRelatedAllowance
30667000 USD
CY2013Q4 rga Impaired Financing Receivable Net Of Related Allowance
ImpairedFinancingReceivableNetOfRelatedAllowance
34630000 USD
CY2014Q1 rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
CY2013Q1 rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
CY2013Q1 rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
278827000 USD
CY2014Q1 rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
199440000 USD
CY2013Q1 rga Income Tax Reconciliation Change In Foreign Enacted Tax Rate
IncomeTaxReconciliationChangeInForeignEnactedTaxRate
-1371000 USD
CY2014Q1 rga Income Tax Reconciliation Change In Foreign Enacted Tax Rate
IncomeTaxReconciliationChangeInForeignEnactedTaxRate
-17000 USD
CY2014Q1 rga Income Tax Reconciliation Foreign Income Tax Basis Differential
IncomeTaxReconciliationForeignIncomeTaxBasisDifferential
250000 USD
CY2013Q1 rga Income Tax Reconciliation Foreign Income Tax Basis Differential
IncomeTaxReconciliationForeignIncomeTaxBasisDifferential
900000 USD
CY2013Q1 rga Income Tax Reconciliation Subpart F
IncomeTaxReconciliationSubpartF
465000 USD
CY2014Q1 rga Income Tax Reconciliation Subpart F
IncomeTaxReconciliationSubpartF
2439000 USD
CY2014Q1 rga Investment Revenue
InvestmentRevenue
418697000 USD
CY2013Q1 rga Investment Revenue
InvestmentRevenue
437391000 USD
CY2014Q1 rga Mortgage Loan Percent Of Cash And Invested Assets
MortgageLoanPercentOfCashAndInvestedAssets
0.076
CY2014Q1 rga Mortgage Loan To Value Ratio On Approval
MortgageLoanToValueRatioOnApproval
0.75
CY2013Q4 rga Mortgage Loan Percent Of Cash And Invested Assets
MortgageLoanPercentOfCashAndInvestedAssets
0.077
CY2014Q1 rga Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total
MortgageLoansOnRealEstateCommercialAndConsumerNetPercentageOfTotal
1.000
CY2013Q4 rga Mortgage Loans On Real Estate Commercial And Consumer Net Percentage Of Total
MortgageLoansOnRealEstateCommercialAndConsumerNetPercentageOfTotal
1.000
CY2013Q4 rga Net Credit Exposure On Derivative Contracts
NetCreditExposureOnDerivativeContracts
9679000 USD
CY2014Q1 rga Net Credit Exposure On Derivative Contracts
NetCreditExposureOnDerivativeContracts
15317000 USD
CY2014Q1 rga Numberofcreditfacilities
Numberofcreditfacilities
7 credit_facilities
CY2013Q1 rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
1626000 USD
CY2014Q1 rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
-1664000 USD
CY2014Q1 rga Other Invested Assets Percent Of Cash And Invested Assets
OtherInvestedAssetsPercentOfCashAndInvestedAssets
0.037
CY2013Q4 rga Other Invested Assets Percent Of Cash And Invested Assets
OtherInvestedAssetsPercentOfCashAndInvestedAssets
0.041
CY2014Q1 rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
0 USD
CY2013Q1 rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
0 USD
CY2013Q4 rga Percentage Of Fixed Maturity Securities Classified As Level3
PercentageOfFixedMaturitySecuritiesClassifiedAsLevel3
0.102
CY2014Q1 rga Percentage Of Fixed Maturity Securities Classified As Level3
PercentageOfFixedMaturitySecuritiesClassifiedAsLevel3
0.097
CY2013Q4 rga Percentage Of Total Available For Sale Securities
PercentageOfTotalAvailableForSaleSecurities
1.000
CY2014Q1 rga Percentage Of Total Available For Sale Securities
PercentageOfTotalAvailableForSaleSecurities
1.000
CY2013Q4 rga Percentage Of Total Gross Unrealized Losses For Fixed Maturity And Equity Securities
PercentageOfTotalGrossUnrealizedLossesForFixedMaturityAndEquitySecurities
1.000
CY2014Q1 rga Percentage Of Total Gross Unrealized Losses For Fixed Maturity And Equity Securities
PercentageOfTotalGrossUnrealizedLossesForFixedMaturityAndEquitySecurities
1.000
CY2014Q1 rga Performance Contingent Units
PerformanceContingentUnits
200000 shares
CY2014Q1 rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
354873000 USD
CY2013Q1 rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
357357000 USD
CY2014Q1 rga Policy Loans Percent Of Total Investments
PolicyLoansPercentOfTotalInvestments
0.039
CY2013Q4 rga Policy Loans Percent Of Total Investments
PolicyLoansPercentOfTotalInvestments
0.038
CY2013Q1 rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
204300000 USD
CY2014Q1 rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
235100000 USD
CY2013Q4 rga Reinsurance Claims Recoverables
ReinsuranceClaimsRecoverables
134100000 USD
CY2014Q1 rga Reinsurance Claims Recoverables
ReinsuranceClaimsRecoverables
141700000 USD
CY2013Q4 rga Reinsurance Recoverables Ceded Credit Risk
ReinsuranceRecoverablesCededCreditRisk
359200000 USD
CY2014Q1 rga Reinsurance Recoverables Ceded Credit Risk
ReinsuranceRecoverablesCededCreditRisk
358900000 USD
CY2013Q4 rga Securities As Percentage Of Consolidated Stockholder Equity
SecuritiesAsPercentageOfConsolidatedStockholderEquity
0.10
CY2014Q1 rga Securities As Percentage Of Consolidated Stockholder Equity
SecuritiesAsPercentageOfConsolidatedStockholderEquity
0.10
CY2014Q1 rga Securities Borrowed Or Pledged Minimum Fair Value Percentage
SecuritiesBorrowedOrPledgedMinimumFairValuePercentage
1
CY2014Q1 rga Shares Granted To Non Employee Directors
SharesGrantedToNonEmployeeDirectors
15925 shares
CY2014Q1 rga Syndicated Revolving Credit Facility Capacity
SyndicatedRevolvingCreditFacilityCapacity
850000000 USD
CY2013Q4 rga Undrawn Outstanding Letters Of Credit Between Subsidiaries
UndrawnOutstandingLettersOfCreditBetweenSubsidiaries
995500000 USD
CY2014Q1 rga Undrawn Outstanding Letters Of Credit Between Subsidiaries
UndrawnOutstandingLettersOfCreditBetweenSubsidiaries
966300000 USD
CY2014Q1 rga Undrawn Outstanding Letters Of Credit In Favor Of Third Parties
UndrawnOutstandingLettersOfCreditInFavorOfThirdParties
209400000 USD
CY2013Q4 rga Undrawn Outstanding Letters Of Credit In Favor Of Third Parties
UndrawnOutstandingLettersOfCreditInFavorOfThirdParties
210300000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000898174
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
69077582 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
REINSURANCE GROUP OF AMERICA INC
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
9056525000 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
8943979000 USD

Files In Submission

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