v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $121,126 and $107,264; allowance for credit losses of $216 and $210) $ 107,757 [1] $ 101,769 [2]
Available-for-sale Securities, Equity Securities 239 311
Mortgage loans (net of allowance for credit losses of $142 and $117) 12,162 11,104
Policy loans 3,372 3,541
Funds withheld at interest 7,870 8,149
Real Estate Investments, Joint Ventures 4,427 3,747
Short-term investments 393 346
Other invested assets 1,547 1,514
Total investments 137,767 130,481
Cash and cash equivalents 4,648 4,168
Accrued investment income 1,494 1,296
Premiums receivable and other reinsurance balances 4,920 4,475
Reinsurance Recoverables, Including Reinsurance Premium Paid 10,165 7,175
Deferred policy acquisition costs and other 6,420 6,079
Other assets 4,106 2,916
Total assets 169,520 156,590
Market Risk Benefit, Net Amount at Risk 204 234
Funds Held under Reinsurance Agreements, Liability 10,168 6,805
Liabilities and equity    
Future policy benefits 71,288 66,425
Interest-sensitive contract liabilities 58,993 52,095
Other policy claims and benefits 3,067 3,011
Other reinsurance balances 1,532 1,888
Income taxes 2,811 2,998
Other liabilities 4,421 3,873
Long-term debt 5,310 5,710
Total liabilities 157,794 143,039
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 September 30, 2026 and December 31, 2025) 1 1
Additional paid-in-capital 2,693 2,640
Retained earnings 11,161 10,151
Treasury stock, at cost (20,267,585 and 19,846,934 shares at September 30, 2026 and December 31, 2025) (2,179) (2,013)
Accumulated other comprehensive (loss) income (40) 2,682
Total RGA, Inc. shareholders’ equity 11,636 13,461
Stockholders' Equity Attributable to Noncontrolling Interest 90 90
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 11,726 13,551
Total liabilities and equity $ 169,520 $ 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 September 30, 2026, the fair value of such investments was $926 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