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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $62,332 and $59,663; allowance for credit losses of $68 and $37) $ 54,171 [1] $ 52,901 [2]
Available-for-sale Securities, Equity Securities 133 134
Mortgage loans (net of allowance for credit losses of $74 and $51) 7,231 6,590
Policy loans 1,180 1,231
Funds withheld at interest 5,725 6,003
Short-term investments 141 154
Other invested assets 1,091 1,140
Total investments 72,232 70,480
Cash and cash equivalents 2,820 2,927
Accrued investment income 744 630
Premiums receivable and other reinsurance balances 3,279 3,013
Reinsurance Recoverables, Including Reinsurance Premium Paid 2,818 2,671
Deferred policy acquisition costs 4,289 4,128
Other assets 1,240 1,055
Total assets 87,422 84,904
Liabilities and equity    
Future policy benefits 36,474 35,689
Interest-sensitive contract liabilities 29,365 30,342
Other policy claims and benefits 2,654 2,480
Other reinsurance balances 750 725
Deferred income taxes 1,601 1,383
Other liabilities 3,751 2,906
Long-term debt 4,450 3,961
Total liabilities 79,269 77,733
Commitments and contingent liabilities (See Note 16)
Equity    
Preferred stock – par value $0.01 per share, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock – par value $0.01 per share, 140,000,000 shares authorized, 85,310,598 shares issued at September 30, 2023 and December 31, 2022 1 1
Additional paid-in-capital 2,534 2,502
Retained earnings 8,713 8,169
Treasury stock, at cost – 19,438,385 and 18,634,390 shares (1,852) (1,720)
Accumulated other comprehensive income (loss) (1,333) (1,871)
Total RGA, Inc. shareholders’ equity 8,063 7,081
Stockholders' Equity Attributable to Noncontrolling Interest 90 90
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 8,153 7,171
Total liabilities and shareholders’ equity $ 87,422 $ 84,904
[1] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of September 30, 2023, the fair value of such investments was $818 million.
[2] Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2022, the fair value of such investments was $683 million