Stock Transactions

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stock Transactions

Stock Transactions

On January 22, 2015, RGA’s board of directors authorized a share repurchase program, with no expiration date, for up to $300.0 million of the RGA’s outstanding common stock. In connection with this authorization, the board of directors terminated the stock repurchase authority granted in 2014. In July 2015, RGA’s board of directors authorized an additional increase of $150.0 million to the share repurchase program previously authorized in January 2015. With these authorizations, the total amount of the Company’s outstanding common stock authorized for repurchase is $450.0 million.

During the first quarter of 2015, RGA repurchased 2,538,718 shares of common stock under this program for $230.1 million. The common shares repurchased have been placed into treasury to be used for general corporate purposes. During the second quarter of 2015, RGA repurchased 252,642 shares of common stock under this program for $23.5 million. As of June 30, 2015 there was $46.4 million remaining under the share repurchase authorization, which does not reflect the additional $150.0 million authorization approved by RGA’s board of directors in July 2015.