Stock Transactions

9 Months Ended

Sep. 30, 2013

Financing Activities And Stock Transactions [Abstract]

Stock Transactions

Stock Transactions

In January 2013, RGA’s board of directors authorized a share repurchase program, with no expiration date, for up to $200.0 million of RGA’s outstanding common stock. In April 2013, RGA’s board of directors authorized an increase of $100.0 million to the share repurchase program previously authorized in January 2013. In July 2013, RGA’s board of directors authorized an additional increase of $100.0 million to the share repurchase program previously authorized in January 2013. With these authorizations, the total amount of the Company’s outstanding common stock authorized for repurchase is $400.0 million.

During the first quarter of 2013, RGA repurchased 815,011 shares of common stock under this program for $47.6 million. During the second quarter of 2013, the Company repurchased 2,865,132 shares of common stock under the program for $182.9 million. During the third quarter of 2013, the Company repurchased 471,169 shares of common stock under the program for $30.8 million. The common shares repurchased have been placed into treasury to be used for general corporate purposes. As of September 30, 2013 there was $138.7 million remaining under the board of directors authorized share repurchase program.