2014 Q2 Form 10-Q Financial Statement

#000089817414000024 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $2.833B $2.737B $2.591B
YoY Change 9.36% 0.5% 9.05%
Cost Of Revenue $1.842B $2.031B
YoY Change -9.29% 24.92%
Gross Profit $991.1M $560.1M
YoY Change 76.97% -25.35%
Gross Profit Margin 34.99% 21.62%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.495B $2.470B $2.633B
YoY Change -5.25% 4.21% 23.4%
Operating Profit -$1.504B -$2.073B
YoY Change -27.46% 49.84%
Interest Expense $35.21M -$37.60M $29.92M
YoY Change 17.69% 16.41% 28.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $300.5M $229.5M -$74.76M
YoY Change -502.01% -28.53% -134.63%
Income Tax $102.2M $84.50M -$25.15M
% Of Pretax Income 34.02% 36.82%
Net Earnings $198.3M $145.0M -$49.61M
YoY Change -499.69% -34.99% -135.16%
Net Earnings / Revenue 7.0% 5.3% -1.92%
Basic Earnings Per Share $2.87 $2.05 -$0.69
Diluted Earnings Per Share $2.84 $2.03 -$0.69
COMMON SHARES
Basic Shares Outstanding 69.08M shares 70.59M shares 72.35M shares
Diluted Shares Outstanding 69.72M shares 72.35M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.119B $923.6M $973.6M
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 $7.000M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $32.85B $29.95B $31.76B
YoY Change 3.42% -8.99% 0.8%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $43.17B $39.67B $38.79B
YoY Change 11.29% -1.7% 1.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $110.0M $0.00 $120.0M
YoY Change -8.33%
Long-Term Debt Due $110.0M $120.0M
YoY Change -8.33%
Total Short-Term Liabilities $110.0M $120.0M
YoY Change -8.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.697B $2.699B $2.303B
YoY Change 17.11% 9.4% 11.42%
Other Long-Term Liabilities $13.40B $13.49B $13.58B
YoY Change -1.28% -4.31% -4.68%
Total Long-Term Liabilities $16.10B $16.19B $15.88B
YoY Change 1.39% -2.26% -2.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.0M $120.0M
Total Long-Term Liabilities $16.10B $16.19B $15.88B
Total Liabilities $36.48B $33.74B $32.90B
YoY Change 10.88% 0.86% 2.51%
SHAREHOLDERS EQUITY
Retained Earnings $3.942B $3.660B $3.429B
YoY Change 14.97% 9.02% 13.03%
Common Stock $1.785B $1.779B $1.774B
YoY Change 0.62% 1.28% 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $666.1M $508.7M $496.5M
YoY Change 34.17% 62.95% 52.15%
Treasury Stock Shares
Shareholders Equity $6.689B $5.936B $5.888B
YoY Change
Total Liabilities & Shareholders Equity $43.17B $39.67B $38.79B
YoY Change 11.29% -1.7% 1.16%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $198.3M $145.0M -$49.61M
YoY Change -499.69% -34.99% -135.16%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $366.6M $476.2M $310.2M
YoY Change 18.18% 6.92% 17.68%
INVESTING ACTIVITIES
Capital Expenditures -$43.30M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $92.20M -$820.7M -$22.60M
YoY Change -507.96% -12.82% -91.8%
Cash From Investing Activities $48.90M -$820.7M -$22.60M
YoY Change -316.37% -12.82% -91.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -175.7M -144.5M -285.6M
YoY Change -38.48% -191.4% -386.75%
NET CHANGE
Cash From Operating Activities 366.6M 476.2M 310.2M
Cash From Investing Activities 48.90M -820.7M -22.60M
Cash From Financing Activities -175.7M -144.5M -285.6M
Net Change In Cash 239.8M -489.0M 2.000M
YoY Change 11890.0% 44.72% -97.72%
FREE CASH FLOW
Cash From Operating Activities $366.6M $476.2M $310.2M
Capital Expenditures -$43.30M
Free Cash Flow $409.9M
YoY Change

Facts In Submission

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P4Y5M
us-gaap Derivative Average Remaining Maturity1
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CY2013Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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145504000 USD
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13126000 USD
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26125000 USD
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18483000 USD
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2420000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2420000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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1268000 USD
CY2014Q2 us-gaap Funds Held Under Reinsurance Agreements Asset
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118527000 USD
us-gaap Gain Loss On Investments
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203098000 USD
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48243000 USD
us-gaap Gain Loss On Investments
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142614000 USD
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58352000 USD
us-gaap Gain Loss On Sale Of Other Investments
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204271000 USD
us-gaap Gain Loss On Sale Of Other Investments
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152925000 USD
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119397000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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46506000 USD
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32910000 USD
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39392000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
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39580000 USD
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30444000 USD
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330000 USD
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841000 USD
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718000 USD
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343000 USD
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37841000 USD
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3211000 USD
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3714000 USD
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29119000 USD
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38470000 USD
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204069000 USD
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-74758000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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499975000 USD
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300535000 USD
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us-gaap Income Tax Expense Benefit
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26732000 USD
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60156000 USD
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39856000 USD
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581812000 USD
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165129000 USD
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5100000 USD
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27310000 USD
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CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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484000 shares
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226556000 USD
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115962000 USD
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118345000 USD
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243828000 USD
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35211000 USD
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1600000 USD
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25441000 USD
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10005000 USD
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9803000 USD
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870000 USD
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1173000 USD
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2555800000 USD
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2148000 USD
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0 USD
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42643000 USD
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273000 USD
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1014000 USD
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875000 USD
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1700000 USD
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OtherIncome
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OtherIncome
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OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
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OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
16675000 USD
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OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
14773000 USD
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OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
11696000 USD
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1902000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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4412000 USD
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4412000 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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0 USD
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0 USD
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
306000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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0 USD
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PaymentsToAcquireAvailableForSaleSecurities
3302047000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
266002000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
244939000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43295000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
us-gaap Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
17000 USD
us-gaap Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
52913000 USD
CY2013Q2 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
306000 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-199000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-1248000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-1698000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-650000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
870000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
10311000 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
10109000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
1173000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-271373000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1591000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-93798000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-241136000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
179592000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
234690000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
41955000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
35169000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2487016000 USD
CY2013Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
2030574000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
3719484000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
3685562000 USD
CY2014Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
1841885000 USD
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1439528000 USD
CY2014Q2 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1559526000 USD
CY2013Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
2035156000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
4014849000 USD
CY2014Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
2183160000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
4283797000 USD
CY2013Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
48243000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
23678000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5018000 USD
us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
39706000 USD
us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
51257000 USD
us-gaap Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
32940000 USD
us-gaap Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
46747000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
239279000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
62734000 USD
us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
24000 USD
us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
0 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
150098000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
200601000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1898833000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2756942000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11439000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9578000 USD
CY2013Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
725000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
438000 USD
CY2014Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-1226000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1529000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
203098000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
142614000 USD
CY2014Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
118527000 USD
CY2013Q4 us-gaap Reinsurance Payable
ReinsurancePayable
275138000 USD
CY2014Q2 us-gaap Reinsurance Payable
ReinsurancePayable
258023000 USD
CY2014Q2 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
614203000 USD
CY2013Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
594515000 USD
CY2014Q2 us-gaap Reinsurance Recoverables Percentage Of Total
ReinsuranceRecoverablesPercentageOfTotal
0.598
CY2013Q4 us-gaap Reinsurance Recoverables Percentage Of Total
ReinsuranceRecoverablesPercentageOfTotal
0.604
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
397033000 USD
us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
374567000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
112000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-120000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-110000000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3941777000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3659938000 USD
CY2013Q2 us-gaap Revenues
Revenues
2590642000 USD
us-gaap Revenues
Revenues
5490193000 USD
CY2014Q2 us-gaap Revenues
Revenues
2833020000 USD
us-gaap Revenues
Revenues
5191744000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1900000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.82
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
78.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M
CY2014Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
354900000 USD
CY2014Q2 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
315200000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
310800000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
482092000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
484752000 USD
CY2014Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
300700000 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
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2014Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
110000000 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
300000000 USD
us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
123300000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
6688959000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
5935527000 USD
us-gaap Transfer To Investments
TransferToInvestments
1580100000 USD
CY2014Q2 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
10327655 shares
CY2013Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
8369540 shares
CY2014Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
818515 shares
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
666125000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
508715000 USD
CY2014Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
64100000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
5574000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-4934000 USD
CY2014Q2 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
4798000 USD
CY2013Q2 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-6797000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73573000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72350000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69718000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70489000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69823000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69076000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73089000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72350000 shares
CY2014Q2 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
457000 USD
CY2013Q2 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
-5037000 USD
CY2013Q4 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
-4578000 USD
CY2014Q1 rga Accumulated Other Comprehensive Income Loss Related To Cash Flow Hedge
AccumulatedOtherComprehensiveIncomeLossRelatedToCashFlowHedge
-4020000 USD
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
CY2014Q2 rga Claims Recoverable From Retrocessionaires Past Due
ClaimsRecoverableFromRetrocessionairesPastDue
7400000 USD
CY2013Q4 rga Claims Recoverable From Retrocessionaires Past Due
ClaimsRecoverableFromRetrocessionairesPastDue
4200000 USD
rga Collateral Financing Expense
CollateralFinancingExpense
5188000 USD
CY2013Q2 rga Collateral Financing Expense
CollateralFinancingExpense
2650000 USD
CY2014Q2 rga Collateral Financing Expense
CollateralFinancingExpense
2591000 USD
rga Collateral Financing Expense
CollateralFinancingExpense
5160000 USD
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
CY2014Q2 rga Cumulative Foreign Currency Translation Gain Loss Recorded In Accumulated Other Comprehensive Income Loss For Terminated Net Investment In Foreign Operations Hedges
CumulativeForeignCurrencyTranslationGainLossRecordedInAccumulatedOtherComprehensiveIncomeLossForTerminatedNetInvestmentInForeignOperationsHedges
24700000 USD
CY2013Q4 rga Derivative Fair Value Of Free Standing Derivative Liability
DerivativeFairValueOfFreeStandingDerivativeLiability
42336000 USD
CY2014Q2 rga Derivative Fair Value Of Free Standing Derivative Liability
DerivativeFairValueOfFreeStandingDerivativeLiability
18137000 USD
CY2014Q2 rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
96696000 USD
CY2013Q2 rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
38142000 USD
rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
123873000 USD
rga Derivatives And Other Investments Net
DerivativesAndOtherInvestmentsNet
178422000 USD
rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
33600000 USD
rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
1300000 USD
CY2013Q2 rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
400000 USD
CY2014Q2 rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
500000 USD
rga Embedded Derivative Gain Loss In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossInFinancialStatementsFromUseOfOwnCreditRisk
2100000 USD
rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
-4900000 USD
CY2013Q2 rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
-200000 USD
rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
500000 USD
CY2014Q2 rga Embedded Derivative Gain Loss On Variable Annuity Contracts In Financial Statements From Use Of Own Credit Risk
EmbeddedDerivativeGainLossOnVariableAnnuityContractsInFinancialStatementsFromUseOfOwnCreditRisk
100000 USD
CY2014Q2 rga Fair Value Measured On Recurring Basis Funds Held Under Reinsurance Agreements Asset Embedded Derivatives
FairValueMeasuredOnRecurringBasisFundsHeldUnderReinsuranceAgreementsAssetEmbeddedDerivatives
-20194000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Funds Held Under Reinsurance Agreements Asset Embedded Derivatives
FairValueMeasuredOnRecurringBasisFundsHeldUnderReinsuranceAgreementsAssetEmbeddedDerivatives
-176270000 USD
CY2014Q2 rga Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives
FairValueMeasuredOnRecurringBasisGuaranteedInterestContractsEmbeddedDerivatives
940236000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Guaranteed Interest Contracts Embedded Derivatives
FairValueMeasuredOnRecurringBasisGuaranteedInterestContractsEmbeddedDerivatives
868725000 USD
CY2014Q2 rga Fair Value Measured On Recurring Basis Short Term Investments
FairValueMeasuredOnRecurringBasisShortTermInvestments
21702000 USD
CY2013Q4 rga Fair Value Measured On Recurring Basis Short Term Investments
FairValueMeasuredOnRecurringBasisShortTermInvestments
111572000 USD
CY2014Q2 rga Funds Held Under Reinsurance Agreements Asset Specific Client
FundsHeldUnderReinsuranceAgreementsAssetSpecificClient
4200000000 USD
CY2014Q2 rga Funds Withheld At Interest Percent Of Total Investments
FundsWithheldAtInterestPercentOfTotalInvestments
0.168
CY2013Q4 rga Funds Withheld At Interest Percent Of Total Investments
FundsWithheldAtInterestPercentOfTotalInvestments
0.178
CY2013Q2 rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
-52400000 USD
CY2014Q2 rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
13800000 USD
rga Gain Loss On Investments Related To Change In Fair Value Of Derivatives Excluding Embedded Derivatives
GainLossOnInvestmentsRelatedToChangeInFairValueOfDerivativesExcludingEmbeddedDerivatives
-112800000 USD
CY2013Q4 rga Impaired Financing Receivable Net Of Related Allowance
ImpairedFinancingReceivableNetOfRelatedAllowance
34630000 USD
CY2014Q2 rga Impaired Financing Receivable Net Of Related Allowance
ImpairedFinancingReceivableNetOfRelatedAllowance
24830000 USD
CY2013Q2 rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
CY2014Q2 rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
rga Impairment Losses On Equity Securities
ImpairmentLossesOnEquitySecurities
0 USD
CY2014Q2 rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
300535000 USD
CY2013Q2 rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
-74758000 USD
rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
499975000 USD
rga Income Loss From Continuing Operations Before Provision For Income Tax Segment
IncomeLossFromContinuingOperationsBeforeProvisionForIncomeTaxSegment
204069000 USD
CY2013Q2 rga Investment Revenue
InvestmentRevenue
457415000 USD
rga Investment Revenue
InvestmentRevenue
894806000 USD
rga Investment Revenue
InvestmentRevenue
843437000 USD
CY2014Q2 rga Investment Revenue
InvestmentRevenue
424740000 USD
CY2014Q2 rga Mortgage Loan Percent Of Cash And Invested Assets
MortgageLoanPercentOfCashAndInvestedAssets
0.072
CY2013Q4 rga Mortgage Loan Percent Of Cash And Invested Assets
MortgageLoanPercentOfCashAndInvestedAssets
0.077
rga Mortgage Loan To Value Ratio On Approval
MortgageLoanToValueRatioOnApproval
0.75
CY2014Q2 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
CY2014Q2 rga Net Credit Exposure On Derivative Contracts
NetCreditExposureOnDerivativeContracts
13004000 USD
CY2014Q2 rga Numberofcreditfacilities
Numberofcreditfacilities
9 credit_facilities
CY2013Q2 rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
-125000 USD
CY2014Q2 rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
5309000 USD
rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
1501000 USD
rga Other Impairment Losses And Change In Mortgage Loan Provision
OtherImpairmentLossesAndChangeInMortgageLoanProvision
3645000 USD
CY2014Q2 rga Other Invested Assets Percent Of Cash And Invested Assets
OtherInvestedAssetsPercentOfCashAndInvestedAssets
0.032
CY2013Q4 rga Other Invested Assets Percent Of Cash And Invested Assets
OtherInvestedAssetsPercentOfCashAndInvestedAssets
0.041
rga Other Than Temporary Impairments Credit Losses On Securities Impaired To Fair Value
OtherThanTemporaryImpairmentsCreditLossesOnSecuritiesImpairedToFairValue
1449000 USD
CY2014Q2 rga Other Than Temporary Impairments Credit Losses On Securities Impaired To Fair Value
OtherThanTemporaryImpairmentsCreditLossesOnSecuritiesImpairedToFairValue
0 USD
rga Other Than Temporary Impairments Credit Losses On Securities Impaired To Fair Value
OtherThanTemporaryImpairmentsCreditLossesOnSecuritiesImpairedToFairValue
0 USD
CY2013Q2 rga Other Than Temporary Impairments Credit Losses On Securities Impaired To Fair Value
OtherThanTemporaryImpairmentsCreditLossesOnSecuritiesImpairedToFairValue
1449000 USD
CY2014Q2 rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
0 USD
CY2013Q2 rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
306000 USD
rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
0 USD
rga Other Than Temporary Impairments On Fixed Maturity Securities Transferred To Other Comprehensive Loss
OtherThanTemporaryImpairmentsOnFixedMaturitySecuritiesTransferredToOtherComprehensiveLoss
306000 USD
CY2014Q2 rga Percentage Of Fixed Maturity Securities Classified As Level3
PercentageOfFixedMaturitySecuritiesClassifiedAsLevel3
0.091
CY2013Q4 rga Percentage Of Fixed Maturity Securities Classified As Level3
PercentageOfFixedMaturitySecuritiesClassifiedAsLevel3
0.102
CY2013Q4 rga Percentage Of Total Available For Sale Securities
PercentageOfTotalAvailableForSaleSecurities
1.000
CY2014Q2 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
CY2014Q2 rga Percentage Of Total Gross Unrealized Losses For Fixed Maturity And Equity Securities
PercentageOfTotalGrossUnrealizedLossesForFixedMaturityAndEquitySecurities
1.000
CY2014Q2 rga Performance Contingent Units
PerformanceContingentUnits
200000 shares
CY2014Q2 rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
409374000 USD
rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
727862000 USD
rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
764247000 USD
CY2013Q2 rga Policy Acquisition Costs And Other Insurance Expenses
PolicyAcquisitionCostsAndOtherInsuranceExpenses
370505000 USD
CY2013Q4 rga Policy Loans Percent Of Total Investments
PolicyLoansPercentOfTotalInvestments
0.038
CY2014Q2 rga Policy Loans Percent Of Total Investments
PolicyLoansPercentOfTotalInvestments
0.035
rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
457900000 USD
CY2013Q2 rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
257600000 USD
CY2014Q2 rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
222800000 USD
rga Proceeds From Sale Of Available For Sale Securities Sold At Loss
ProceedsFromSaleOfAvailableForSaleSecuritiesSoldAtLoss
461900000 USD
CY2013Q4 rga Reinsurance Claims Recoverables
ReinsuranceClaimsRecoverables
134100000 USD
CY2014Q2 rga Reinsurance Claims Recoverables
ReinsuranceClaimsRecoverables
155100000 USD
CY2014Q2 rga Reinsurance Recoverables Ceded Credit Risk
ReinsuranceRecoverablesCededCreditRisk
367300000 USD
CY2013Q4 rga Reinsurance Recoverables Ceded Credit Risk
ReinsuranceRecoverablesCededCreditRisk
359200000 USD
CY2013Q4 rga Securities As Percentage Of Consolidated Stockholder Equity
SecuritiesAsPercentageOfConsolidatedStockholderEquity
0.10
CY2014Q2 rga Securities As Percentage Of Consolidated Stockholder Equity
SecuritiesAsPercentageOfConsolidatedStockholderEquity
0.10
rga Securities Borrowed Or Pledged Minimum Fair Value Percentage
SecuritiesBorrowedOrPledgedMinimumFairValuePercentage
1
CY2014Q2 rga Shares Granted To Non Employee Directors
SharesGrantedToNonEmployeeDirectors
15925 shares
CY2014Q2 rga Syndicated Revolving Credit Facility Capacity
SyndicatedRevolvingCreditFacilityCapacity
850000000 USD
CY2014Q2 rga Undrawn Outstanding Letters Of Credit Between Subsidiaries
UndrawnOutstandingLettersOfCreditBetweenSubsidiaries
1137700000 USD
CY2013Q4 rga Undrawn Outstanding Letters Of Credit Between Subsidiaries
UndrawnOutstandingLettersOfCreditBetweenSubsidiaries
995500000 USD
CY2013Q4 rga Undrawn Outstanding Letters Of Credit In Favor Of Third Parties
UndrawnOutstandingLettersOfCreditInFavorOfThirdParties
210300000 USD
CY2014Q2 rga Undrawn Outstanding Letters Of Credit In Favor Of Third Parties
UndrawnOutstandingLettersOfCreditInFavorOfThirdParties
212500000 USD
CY2013Q2 rga Weighted Average Number Diluted Shares Outstanding Assuming Exercise Of Share Based Payment Arrangements
WeightedAverageNumberDilutedSharesOutstandingAssumingExerciseOfShareBasedPaymentArrangements
72800000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000898174
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
68562030 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
REINSURANCE GROUP OF AMERICA INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
9250744000 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
8943979000 USD

Files In Submission

Name View Source Status
0000898174-14-000024-index-headers.html Edgar Link pending
0000898174-14-000024-index.html Edgar Link pending
0000898174-14-000024.txt Edgar Link pending
0000898174-14-000024-xbrl.zip Edgar Link pending
a2014q210-q.htm Edgar Link pending
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