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Equity
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Equity
Common stock
The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods indicated:
 
 
Issued
 
Held In Treasury
 
Outstanding
Balance, December 31, 2019
 
79,137,758

 
16,481,656

 
62,656,102

Common stock acquired
 
—

 
1,074,413

 
(1,074,413
)
Stock-based compensation (1)
 
—

 
(64,654
)
 
64,654

Balance, March 31, 2020
 
79,137,758

 
17,491,415

 
61,646,343

 
 
Issued
 
Held In Treasury
 
Outstanding
Balance, December 31, 2018
 
79,137,758

 
16,323,390

 
62,814,368

Common Stock issued
 
—

 
344,237

 
(344,237
)
Stock-based compensation (1)
 
—

 
(74,216
)
 
74,216

Balance, March 31, 2019
 
79,137,758

 
16,593,411

 
62,544,347

(1)
Represents net shares issued from treasury pursuant to the Company’s equity-based compensation programs.
Common Stock Held in Treasury
Common stock held in treasury is accounted for at average cost. Gains resulting from the reissuance of common stock held in treasury are credited to additional paid-in capital. Losses resulting from the reissuance of common stock held in treasury are charged first to additional paid-in capital to the extent the Company has previously recorded gains on treasury share transactions, then to retained earnings.
On January 24, 2019, RGA’s board of directors authorized a share repurchase program for up to $400 million of RGA’s outstanding common stock. The authorization was effective immediately and does not have an expiration date. During the three months ended March 31, 2020, RGA repurchased 1 million shares of common stock under this program for $153 million.
Accumulated Other Comprehensive Income (Loss)
The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2020 and 2019 are as follows (dollars in millions):
 
 
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 
 
Accumulated
Currency
Translation
Adjustments
 
Unrealized
Appreciation
(Depreciation)
of Investments(1)
 
Pension and
Postretirement
Benefits
 
Total
Balance, December 31, 2019
 
$
(92
)
 
$
3,299

 
$
(70
)
 
$
3,137

Other comprehensive income (loss) before reclassifications
 
(112
)
 
(2,496
)
 
(5
)
 
(2,613
)
Amounts reclassified to (from) AOCI
 
—

 
141

 
1

 
142

Deferred income tax benefit (expense)
 
(19
)
 
482

 
1

 
464

Balance, March 31, 2020
 
$
(223
)
 
$
1,426

 
$
(73
)
 
$
1,130

 
 
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 
 
Accumulated
Currency
Translation
Adjustments
 
Unrealized
Appreciation
(Depreciation)
of Investments(1)
 
Pension and
Postretirement
Benefits
 
Total
Balance, December 31, 2018
 
$
(169
)
 
$
856

 
$
(51
)
 
$
636

Other comprehensive income (loss) before reclassifications
 
19

 
1,437

 
(2
)
 
1,454

Amounts reclassified to (from) AOCI
 
—

 
(15
)
 
1

 
(14
)
Deferred income tax benefit (expense)
 
3

 
(314
)
 
—

 
(311
)
Balance, March 31, 2019
 
$
(147
)
 
$
1,964

 
$
(52
)
 
$
1,765

(1)
Includes cash flow hedges of $(87) and $(26) as of March 31, 2020 and December 31, 2019, respectively, and $(1) and $9 as of March 31, 2019 and December 31, 2018, respectively. See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.
The following table presents the amounts of AOCI reclassifications for the three months ended March 31, 2020 and 2019 (dollars in millions):
 
 
Amount Reclassified from AOCI
 
 
 
 
Three months ended March 31,
 
Affected Line Item in 
Statement of Income
Details about AOCI Components
 
2020
 
2019
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
Net unrealized gains (losses) on available-for-sale securities
 
$
(39
)
 
$
—

 
Investment related gains (losses), net
Cash flow hedges - Interest rate
 
—

 
—

 
(1)
Cash flow hedges - Currency/Interest rate
 
—

 
—

 
(1)
Deferred policy acquisition costs attributed to unrealized gains and losses
 
(102
)
 
15

 
(2)
Total
 
(141
)
 
15

 
 
Provision for income taxes
 
27

 
(3
)
 
 
Net unrealized gains (losses), net of tax
 
$
(114
)
 
$
12

 
 
Amortization of defined benefit plan items:
 
 
 
 
 
 
Prior service cost (credit)
 
$
—

 
$
—

 
(3)
Actuarial gains/(losses)
 
(1
)
 
(1
)
 
(3)
Total
 
(1
)
 
(1
)
 
 
Provision for income taxes
 
—

 
—

 
 
Amortization of defined benefit plans, net of tax
 
$
(1
)
 
$
(1
)
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(115
)
 
$
11

 
 
(1)
See Note 5 – “Derivative Instruments” for additional information on cash flow hedges.
(2)
This AOCI component is included in the computation of the deferred policy acquisition cost. See Note 8 – “Deferred Policy Acquisition Costs” of the 2019 Annual Report for additional details.
(3)
This AOCI component is included in the computation of the net periodic pension cost. See Note 10 – “Employee Benefit Plans” for additional details.