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Quarterly Results of Operations
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
 
Years Ended December 31,
 
 
 
 
 
 
 
 
(in thousands, except per share data)
 
 
 
 
 
 
 
 
2013
 
First      
 
Second      
 
Third      
 
Fourth      
Total Revenues
 
$
2,601,102

 
$
2,590,642

 
$
2,389,815

 
$
2,736,794

Total benefits and expenses
 
2,322,275

 
2,665,400

 
2,188,120

 
2,507,304

Income before income taxes
 
278,827

 
(74,758
)
 
201,695

 
229,490

Net Income
 
185,535

 
(49,612
)
 
137,955

 
144,959

Earnings Per Share:
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
2.51

 
$
(0.69
)
 
$
1.95

 
$
2.05

Diluted earnings per share
 
2.49

 
(0.69
)
 
1.93

 
2.03

Dividends declared per share
 
$
0.24

 
$
0.24

 
$
0.30

 
$
0.30

Market price of common stock
 
 
 
 
 
 
 
 
Quarter end
 
$
59.67

 
$
69.11

 
$
66.99

 
$
77.41

Common stock price, high
 
61.86

 
69.28

 
73.32

 
77.55

Common stock price, low
 
54.33

 
57.14

 
63.95

 
66.99

Total outstanding common shares - end of period
 
73,301

 
70,968

 
70,543

 
70,768

2012
 
First
 
Second
 
Third
 
Fourth
Total Revenues
 
$
2,292,975

 
$
2,375,753

 
$
2,449,081

 
$
2,723,102

Total benefits and expenses
 
2,112,212

 
2,159,861

 
2,247,602

 
2,402,013

Income before income taxes
 
180,763

 
215,892

 
201,479

 
321,089

Net Income
 
123,318

 
141,111

 
144,475

 
222,989

Earnings Per Share:
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
1.68

 
$
1.91

 
$
1.96

 
$
3.02

Diluted earnings per share
 
1.67

 
1.91

 
1.95

 
3.00

Dividends declared per share
 
$
0.18

 
$
0.18

 
$
0.24

 
$
0.24

Market price of common stock
 
 
 
 
 
 
 
 
Quarter end
 
$
59.47

 
$
53.21

 
$
57.87

 
$
53.52

Common stock price, high
 
59.97

 
59.87

 
60.69

 
60.20

Common stock price, low
 
51.19

 
48.80

 
52.75

 
48.36

Total outstanding common shares—end of period
 
73,712

 
73,722

 
73,852

 
73,927


Reinsurance Group of America, Incorporated common stock is traded on the New York Stock Exchange (NYSE) under the symbol “RGA”. There were 70,615 stockholders of record of RGA’s common stock on January 31, 2014.