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Condensed Financial Information of The Registrant (Tables)
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Statements [Table Text Block]
 
 
2016
 
2015
 
2014
CONDENSED BALANCE SHEETS
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Fixed maturity securities available-for-sale, at fair value
 
$
1,154,559

 
$
426,218

 
 
Short-term and other investments
 
245,478

 
254,398

 
 
Cash and cash equivalents
 
43,718

 
39,452

 
 
Investment in subsidiaries
 
9,209,700

 
8,110,687

 
 
Loans to subsidiaries
 
1,050,000

 
1,070,000

 
 
Other assets
 
258,379

 
309,340

 
 
Total assets
 
$
11,961,834

 
$
10,210,095

 
 
Liabilities and stockholders’ equity:
 
 
 
 
 
 
Long-term debt - unaffiliated(1)
 
$
3,073,249

 
$
2,279,663

 
 
Long-term debt - affiliated(2)
 
500,000

 
500,000

 
 
Other liabilities
 
1,295,503

 
1,295,051

 
 
Stockholders’ equity
 
7,093,082

 
6,135,381

 
 
Total liabilities and stockholders’ equity
 
$
11,961,834

 
$
10,210,095

 
 
CONDENSED STATEMENTS OF INCOME
 
 
 
 
 
 
Interest / dividend income(3)
 
$
602,830

 
$
321,645

 
$
521,623

Investment related gains (losses), net
 
203

 
(324
)
 
4,936

Operating expenses
 
(20,742
)
 
(13,652
)
 
(10,751
)
Interest expense
 
(168,924
)
 
(176,364
)
 
(131,852
)
Income (loss) before income tax and undistributed earnings of subsidiaries
 
413,367

 
131,305

 
383,956

Income tax expense (benefit)
 
(23,911
)
 
(19,465
)
 
(22,008
)
Net income (loss) before undistributed earnings of subsidiaries
 
437,278

 
150,770

 
405,964

Equity in undistributed earnings of subsidiaries
 
264,165

 
351,396

 
278,083

Net income
 
701,443

 
502,166

 
684,047

Other comprehensive income
 
5,531

 
44,073

 
36,876

Total comprehensive income
 
$
706,974

 
$
546,239

 
$
720,923


The condensed financial information of RGA (the “Parent Company”) should be read in conjunction with the consolidated financial statements of RGA and its subsidiaries and the notes thereto (the “Consolidated Financial Statements”). These condensed unconsolidated financial statements reflect the results of operations, financial position and cash flows for RGA. Investments in subsidiaries are accounted for using the equity method of accounting.
(1)
Long-term debt - unaffiliated consists of the following:
 
 
2016
 
2015
$300 million 5.625% Senior Notes due 2017
 
$
299,945

 
$
299,671

$400 million 6.45% Senior Notes due 2019
 
399,805

 
399,737

$400 million 5.00% Senior Notes due 2021
 
399,025

 
398,803

$400 million 4.70% Senior Notes due 2023
 
398,986

 
398,835

$400 million 3.95% Senior Notes due 2026
 
399,985

 
—

$400 million 6.20% Subordinated Debentures due 2042
 
400,000

 
400,000

$400 million 5.75% Subordinated Debentures due 2056
 
400,000

 
—

$400 million Variable Rate Junior Subordinated Debentures due 2065
 
398,667

 
398,663

Subtotal
 
3,096,413

 
2,295,709

Unamortized debt issue costs
 
(23,164
)
 
(16,046
)
Total
 
$
3,073,249

 
$
2,279,663

Repayments of long-term debt—unaffiliated due over the next five years total $300,000 in 2017, $400,000 in 2019 and $400,000 in 2021.
(2)
Long-term debt—affiliated in 2016 and 2015 and consists of $500,000 of subordinated debt issued to various operating subsidiaries.
(3)
Interest/Dividend income includes $478,602, $196,445 and $423,323 of cash dividends received from consolidated subsidiaries in 2016, 2015 and 2014, respectively.
REINSURANCE GROUP OF AMERICA, INCORPORATED
SCHEDULE II—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT (continued)
December 31,
(dollars in thousands)
 
 
 
2016
 
2015
 
2014
CONDENSED STATEMENTS OF CASH FLOWS
 
 
 
 
 
 
Operating activities:
 
 
Net income
 
$
701,443

 
$
502,166

 
$
684,047

Equity in earnings of subsidiaries
 
(264,165
)
 
(351,396
)
 
(278,083
)
Other, net
 
(63,795
)
 
486,159

 
(171,299
)
Net cash provided by operating activities
 
$
373,483

 
$
636,929

 
$
234,665

Investing activities:
 
 
 
 
 
 
Sales of fixed maturity securities available-for-sale
 
$
228,383

 
$
100,734

 
$
132,732

Purchases of fixed maturity securities available-for-sale
 
(984,397
)
 
(52,698
)
 
(105,535
)
Repayments/issuances of loans to subsidiaries
 
20,000

 
(10,000
)
 
41,751

Purchase of a business, net of cash acquired of $529
 
—

 
(3,701
)
 
—

Change in short-term investments
 
102,508

 
(102,508
)
 
96,967

Change in other invested assets
 
(109,914
)
 
(7,542
)
 
126,397

Capital contributions to subsidiaries
 
(314,142
)
 
(103,832
)
 
(222,760
)
Net cash (used in) provided by investing activities
 
(1,057,562
)
 
(179,547
)
 
69,552

Financing activities:
 
 
 
 
 
 
Dividends to stockholders
 
(100,371
)
 
(93,381
)
 
(87,256
)
Purchases of treasury stock
 
(122,916
)
 
(384,519
)
 
(201,525
)
Exercise of stock options, net
 
15,321

 
11,151

 
9,246

Net change in cash collateral for loaned securities
 
105,093

 
—

 
—

Proceeds from unaffiliated long-term debt issuance
 
799,984

 
—

 
—

Debt issuance costs
 
(8,766
)
 
—

 
—

Net cash (used in) provided by financing activities
 
688,345

 
(466,749
)
 
(279,535
)
Net change in cash and cash equivalents
 
4,266

 
(9,367
)
 
24,682

Cash and cash equivalents at beginning of year
 
39,452

 
48,819

 
24,137

Cash and cash equivalents at end of year
 
$
43,718

 
$
39,452

 
$
48,819

Supplementary information:
 
 
 
 
 
 
Cash paid for interest
 
$
169,860

 
$
165,775

 
$
161,499

Cash paid for income taxes, net of refunds
 
$
1,500

 
$
(120,680
)
 
$
87