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Repurchase of Collateral Finance Facility Notes
6 Months Ended
Jun. 30, 2011
Statement - Repurchase Of Collateral Finance Facility Notes  
Collateral Financing Arrangements Text Block

13.       Repurchase of Collateral Finance Facility Notes

During the first quarter of 2011, the Company repurchased $12.7 million face amount of its Series A Floating Rate Insured Notes issued by RGA's subsidiary, Timberlake Financial, L.L.C., for $7.6 million, which was the market value at the date of the purchase. The notes were purchased by RGA Reinsurance, also a subsidiary of RGA. As a result, the Company recorded a pre-tax gain of $5.0 million, after fees, in other revenues at that time.