v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $116,308 and $107,264; allowance for credit losses of $246 and $210) $ 109,270 [1] $ 101,769 [2]
Available-for-sale Securities, Equity Securities 302 311
Mortgage loans (net of allowance for credit losses of $127 and $117) 11,927 11,104
Policy loans 3,635 3,541
Funds withheld at interest 8,140 8,149
Real Estate Investments, Joint Ventures 4,109 3,747
Short-term investments 378 346
Other invested assets 1,585 1,514
Total investments 139,346 130,481
Cash and cash equivalents 5,288 4,168
Accrued investment income 1,389 1,296
Premiums receivable and other reinsurance balances 4,735 4,475
Reinsurance Recoverables, Including Reinsurance Premium Paid 6,700 7,175
Deferred policy acquisition costs and other 6,383 6,079
Other assets 3,274 2,916
Total assets 167,115 156,590
Market Risk Benefit, Net Amount at Risk 232 234
Funds Held under Reinsurance Agreements, Liability 6,394 6,805
Liabilities and equity    
Future policy benefits 73,032 66,425
Interest-sensitive contract liabilities 56,085 52,095
Other policy claims and benefits 3,018 3,011
Other reinsurance balances 1,645 1,888
Income taxes 3,207 2,998
Other liabilities 4,009 3,873
Long-term debt 5,709 5,710
Total liabilities 153,331 143,039
Commitments and contingent liabilities (See Note 14)
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 June 30, 2026 and December 31, 2025) 1 1
Additional paid-in-capital 2,678 2,640
Retained earnings 10,774 10,151
Treasury stock, at cost (20,018,604 and 19,846,934 shares at June 30, 2026 and December 31, 2025) (2,107) (2,013)
Accumulated other comprehensive income 2,348 2,682
Total RGA, Inc. shareholders’ equity 13,694 13,461
Stockholders' Equity Attributable to Noncontrolling Interest 90 90
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 13,784 13,551
Total liabilities and equity $ 167,115 $ 156,590
[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 June 30, 2026, the fair value of such investments was $875 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, 2025, the fair value of such investments was $925 million