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Equity
 9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Equity
On June 5, 2020, the Company completed a public offering of 6,172,840 shares of common stock, $0.01 par value per share, at a public offering price of $81.00 per share.  The Company received net proceeds of approximately $481 million. The Company granted the underwriters an option to purchase from the Company, within 30 days after the Underwriting Agreement dated June 2, 2020, up to an additional 925,926 shares of common stock at the offering price of $81.00 per share.  The underwriters’ option was not exercised and expired on July 2, 2020. The Company anticipates using the net proceeds of the offering for general corporate purposes.
Common Stock
The changes in the number of common stock 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

Issuance of common stock
 
6,172,840

 
—

 
6,172,840

Common stock acquired
 
—

 
1,074,413

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

 
(182,497
)
 
182,497

Balance, September 30, 2020
 
85,310,598

 
17,373,572

 
67,937,026

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

 
16,323,390

 
62,814,368

Common stock acquired
 
—

 
546,614

 
(546,614
)
Stock-based compensation (1)
 
—

 
(341,447
)
 
341,447

Balance, September 30, 2019
 
79,137,758

 
16,528,557

 
62,609,201

(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.
In January 2019, RGA’s board of directors authorized a 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 first nine months of 2020, RGA repurchased 1,074,413 shares of common stock under this program for $153 million. During the first nine months of 2019, RGA repurchased 546,614 shares of common stock under this program for $80 million. On May 6, 2020, the Company announced that it has suspended stock repurchases until further notice.
Accumulated Other Comprehensive Income (Loss)
The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the nine months ended September 30, 2020 and 2019 are as follows (dollars in millions):
 
 
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
 
(82
)
 
1,610

 
(18
)
 
1,510

Amounts reclassified to (from) AOCI
 
—

 
(12
)
 
3

 
(9
)
Deferred income tax benefit (expense)
 
3

 
(355
)
 
3

 
(349
)
Balance, September 30, 2020
 
$
(171
)
 
$
4,542

 
$
(82
)
 
$
4,289

 
 
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
 
16

 
3,526

 
(12
)
 
3,530

Amounts reclassified to (from) AOCI
 
—

 
(171
)
 
4

 
(167
)
Deferred income tax benefit (expense)
 
(4
)
 
(739
)
 
2

 
(741
)
Balance, September 30, 2019
 
$
(157
)
 
$
3,472

 
$
(57
)
 
$
3,258

(1)
Includes cash flow hedges of $(57) and $(26) as of September 30, 2020 and December 31, 2019, respectively, and $(47) and $9 as of September 30, 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 and nine months ended September 30, 2020 and 2019 (dollars in millions):
 
 
Amount Reclassified from AOCI
 
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
Details about AOCI Components
 
2020
 
2019
 
2020
 
2019
 
Affected Line Item in 
Statements of Income
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) on available-for-sale securities
 
$
8

 
$
51

 
$
(20
)
 
$
70

 
Investment related gains (losses), net
Cash flow hedges – Interest rate
 
(1
)
 
—

 
(3
)
 
1

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

 
—

 
—

 
—

 
(1)
Deferred policy acquisition costs attributed to unrealized gains and losses
 
6

 
21

 
35

 
99

 
(2)
Total
 
13

 
72

 
12

 
170

 
 
Provision for income taxes
 
(3
)
 
(15
)
 
(5
)
 
(35
)
 
 
Net unrealized gains (losses), net of tax
 
$
10

 
$
57

 
$
7

 
$
135

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

 
$
—

 
$
1

 
$
1

 
(3)
Actuarial gains (losses)
 
(1
)
 
(1
)
 
(4
)
 
(4
)
 
(3)
Total
 
(1
)
 
(1
)
 
(3
)
 
(3
)
 
 
Provision for income taxes
 
1

 
—

 
1

 
1

 
 
Amortization of defined benefit plans, net of tax
 
$
—

 
$
(1
)
 
$
(2
)
 
$
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
10

 
$
56

 
$
5

 
$
133

 
 
(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 benefit cost. See Note 10 – “Employee Benefit Plans” for additional details.