Stock Transactions

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stock Transactions

Stock Transactions

On February 20, 2014, RGA’s board of directors authorized a share repurchase program for up to $300.0 million of RGA’s outstanding common stock. The authorization was effective immediately and does not have an expiration date. Repurchases are made in accordance with applicable securities laws through market transactions, block trades, privately negotiated transactions or other means or a combination of these methods, with the timing and number of shares repurchased dependent on a variety of factors, including share price, corporate and regulatory requirements and market and business conditions. Repurchases may be commenced or suspended from time to time without prior notice. In connection with this new authorization, the board of directors terminated the stock repurchase authority granted in 2013.

During the first quarter of 2014, RGA repurchased 1,449,293 shares of common stock under this program for $112.6 million. During the second quarter of 2014, RGA repurchased 818,515 shares of common stock under this program for $64.1 million. During the third quarter of 2014, RGA repurchased 262,800 shares of common stock under this program for $20.9 million. The common shares repurchased have been placed into treasury to be used for general corporate purposes. As of September 30, 2014 there was $102.3 million remaining under the share repurchase authorization.