Schedule II Condensed Financial Information

12 Months Ended

Dec. 31, 2011

Financial Information Of Registrant [Abstract]

Condensed financial information of parent company

REINSURANCE GROUP OF AMERICA, INCORPORATED
SCHEDULE II—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
December 31,
(dollars in thousands)
				2011		2010		2009
CONDENSED BALANCE SHEETS
	Assets:
		Fixed maturity securities available-for-sale, at fair value		$	467,306	$	482,188
		Short-term and other investments			44,825		64,135
		Cash and cash equivalents			71,506		31,698
		Investment in subsidiaries			7,198,015		5,882,567
		Loans to subsidiaries			775,000		350,000
		Other assets			132,841		100,282
			Total assets	$	8,689,493	$	6,910,870
	Liabilities and stockholders' equity:
		Short-term and long-term debt - unaffiliated(1)		$	1,494,615	$	1,296,337
		Long-term debt - affiliated(2)			500,000		164,919
		Other liabilities			557,773		409,047
		Stockholders' equity			6,137,105		5,040,567
			Total liabilities and stockholders' equity	$	8,689,493	$	6,910,870
CONDENSED STATEMENTS OF INCOME
	Interest / dividend income(3)			$	245,631	$	128,448	$	44,588
	Investment related gains (losses), net				1,723		2,944		(3,417)
	Operating expenses				(32,550)		(19,442)		(17,965)
	Interest expense				(111,600)		(96,556)		(73,673)
		Income (loss) before income tax and undistributed earnings of subsidiaries			103,204		15,394		(50,467)
	Income tax expense (benefit)				10,965		7,880		(24,228)
		Net income (loss) before undistributed earnings of subsidiaries			92,239		7,514		(26,239)
	Equity in undistributed earnings of subsidiaries				507,381		566,888		433,325
		Net income		$	599,620	$	574,402	$	407,086
(1)		Short-term and long-term debt - unaffiliated consists of the following:
				2011		2010
		$400 million 6.75% Junior Subordinated Debentures due 2065		$	398,652	$	398,650
		$400 million 5.00% Senior Notes due 2021			397,920		--
		$400 million 6.45% Senior Notes due 2019			399,466		399,398
		$300 million 5.625% Senior Notes due 2017			298,577		298,304
		$200 million 6.75% Senior Notes due 2011 (short-term)			--		199,985
			Total	$	1,494,615	$	1,296,337
(2)		Long-term debt - affiliated in 2011 consists of $500,000 of subordinated debt issued to various operating subsidiaries and in 2010 consists of $164,919 of subordinated debt issued to RGA Capital Trust I.
(3)		Interest/Dividend income includes $190,000 and $80,000 of cash dividends received from consolidated subsidiaries in 2011 and 2010, respectively. No cash dividends from consolidated subsidiaries are included in 2009.

REINSURANCE GROUP OF AMERICA, INCORPORATED
SCHEDULE II—CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT (continued)
December 31,
(dollars in thousands)
				2011		2010		2009
CONDENSED STATEMENTS OF CASH FLOWS
	Operating activities:
		Net income		$	599,620	$	574,402	$	407,086
		Equity in earnings of subsidiaries			(507,381)		(566,888)		(433,325)
		Loss on retirement of trust preferred securities			4,391		--		--
		Foreign currency gain on repayment of debt			--		--		(4,826)
		Other, net			143,716		12,205		31,975
			Net cash provided by operating activities	$	240,346	$	19,719	$	910
	Investing activities:
		Sales of fixed maturity securities available-for-sale		$	171,791	$	169,910	$	217,141
		Purchases of fixed maturity securities available-for-sale			(116,010)		(214,025)		(454,504)
		Purchases of subsidiary debt securities			(475,000)		(100,000)		(226,550)
		Maturities of subsidiary debt securities			50,000		226,550		--
		Change in short-term and other invested assets			(2,055)		7,688		(7,526)
		Capital contributions to subsidiaries			(105,575)		(73,950)		(91,000)
			Net cash provided by (used in) investing activities		(476,849)		16,173		(562,439)
	Financing activities:
		Dividends to stockholders			(44,229)		(35,170)		(26,212)
		Purchases of treasury stock			(380,345)		(718)		(1,607)
		Excess tax benefits from share-based payment arrangement			4,933		(2,255)		2,605
		Exercise of stock options, net			6,449		2,277		6,301
		Change in cash collateral for derivative positions			--		6,759		(14,189)
		Principal payments on debt			(200,000)		--		(22,539)
		Maturity of trust preferred securities			(159,473)		--		--
		Proceeds from unaffiliated long-term debt issuance, net			394,388		--		396,344
		Proceeds from affiliated long-term debt issuance			500,000		--		--
		Proceeds from redemption and remarketing of trust preferred securities			154,588		--		2
			Net cash (used in) provided by financing activities		276,311		(29,107)		340,705
			Net change in cash and cash equivalents		39,808		6,785		(220,824)
	Cash and cash equivalents at beginning of year				31,698		24,913		245,737
	Cash and cash equivalents at end of year			$	71,506	$	31,698	$	24,913