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Segment Information | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has five geographic-based or function-based operational segments: U.S., Canada, Europe & South Africa, Asia Pacific and Corporate and Other. The U.S. segment is further segmented into traditional and non-traditional businesses, with the prior years reclassified to conform to the current year presentation. The U.S. operations provide individual life, long-term care, group life and health reinsurance, annuity and financial reinsurance products. The Canada operations provide insurers with reinsurance of individual life products as well as creditor reinsurance, group life and health reinsurance, non-guaranteed critical illness products and longevity reinsurance. Europe & South Africa operations include traditional life reinsurance and critical illness business from Europe & South Africa, in addition to other markets the Company is developing. Asia Pacific operations provide primarily traditional and group life reinsurance, critical illness and, to a lesser extent, financial reinsurance. Corporate and Other includes results from, among others, RGA Technology Partners, Inc., a wholly-owned subsidiary that develops and markets technology solutions for the insurance industry and the investment income and expense associated with the Company’s collateral finance facility. The Company measures segment performance based on income before income taxes. The accounting policies of the segments are the same as those described in Note 2 – “Summary of Significant Accounting Policies.” The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets. Investment income is allocated to the segments based upon average assets and related capital levels deemed appropriate to support the segment business volumes. The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company’s businesses. As a result of the economic capital allocation process, a portion of investment income and investment related gains and losses are attributed to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses. The Company’s reportable segments are strategic business units that are primarily segregated by geographic region. Information related to revenues, income (loss) before income taxes, interest expense, depreciation and amortization, and assets of the Company’s operations are summarized below (dollars in thousands).
For the years ended December 31, |  | 2013 |  | 2012 |  | 2011
Revenues: |  |  |  |  |  |
U.S. Traditional |  | $ | 5,068,632 |  |  | $ | 4,846,515 |  |  | $ | 4,522,751 |
U.S. Non-Traditional |  | 962,818 |  |  | 876,119 |  |  | 392,304 |
Canada |  | 1,185,017 |  |  | 1,140,264 |  |  | 1,056,031 |
Europe & South Africa |  | 1,421,488 |  |  | 1,372,291 |  |  | 1,249,859 |
Asia Pacific |  | 1,541,459 |  |  | 1,495,545 |  |  | 1,430,414 |
Corporate and Other |  | 138,939 |  |  | 110,177 |  |  | 178,179 |
Total |  | $ | 10,318,353 |  |  | $ | 9,840,911 |  |  | $ | 8,829,538 |
For the years ended December 31, |  | 2013 |  | 2012 |  | 2011
Income (loss) before income taxes: |  |  |  |  |  |
U.S. Traditional |  | $ | 371,563 |  |  | $ | 368,095 |  |  | $ | 363,964 |
U.S. Non-Traditional |  | 245,649 |  |  | 268,315 |  |  | 61,673 |
Canada |  | 164,318 |  |  | 186,971 |  |  | 164,953 |
Europe & South Africa |  | 89,122 |  |  | 73,947 |  |  | 83,102 |
Asia Pacific |  | (235,211 | ) |  | 45,378 |  |  | 42,234 |
Corporate and Other |  | (187 | ) |  | (23,483 | ) |  | 47,645 |
Total |  | $ | 635,254 |  |  | $ | 919,223 |  |  | $ | 763,571 |
The loss before income taxes for the year ended December 31, 2013 in the Asia Pacific segment reflects an increase in Australian group claims liabilities related to total and permanent disability coverage and disability income benefits as well as poor claims experience in the Australian operation's individual lump sum and individual disability businesses.
For the years ended December 31, |  | 2013 |  | 2012 |  | 2011
Interest expense: |  |  |  |  |  |
Corporate and Other |  | $ | 124,307 |  |  | $ | 105,348 |  |  | $ | 102,638 |
Total |  | $ | 124,307 |  |  | $ | 105,348 |  |  | $ | 102,638 |
For the years ended December 31, |  | 2013 |  | 2012 |  | 2011
Depreciation and amortization: |  |  |  |  |  |
U.S. Traditional |  | $ | 563,440 |  |  | $ | 555,573 |  |  | $ | 513,673 |
U.S. Non-Traditional |  | 213,745 |  |  | 225,910 |  |  | (46,407 | )
Canada |  | 193,878 |  |  | 182,914 |  |  | 168,874 |
Europe & South Africa |  | 56,302 |  |  | 69,718 |  |  | 58,714 |
Asia Pacific |  | 56,724 |  |  | 154,362 |  |  | 191,957 |
Corporate and Other |  | 3,490 |  |  | 4,040 |  |  | 9,002 |
Total |  | $ | 1,087,579 |  |  | $ | 1,192,517 |  |  | $ | 895,813 |
The table above includes amortization of deferred acquisition costs, including the effect from investment related gains and losses.
For the years ended December 31, |  | 2013 |  | 2012
Assets: |  |  |  |
U.S. Traditional |  | $ | 13,213,585 |  |  | $ | 12,555,467 |
U.S. Non-Traditional |  | 11,716,908 |  |  | 12,368,896 |
Canada |  | 4,103,730 |  |  | 3,764,002 |
Europe & South Africa |  | 2,476,593 |  |  | 2,235,199 |
Asia Pacific |  | 3,423,269 |  |  | 3,208,732 |
Corporate and Other |  | 4,740,388 |  |  | 6,228,142 |
Total |  | $ | 39,674,473 |  |  | $ | 40,360,438 |
Companies in which RGA has significant influence over the operating and financing decisions but are not required to be consolidated, are reported on the equity basis of accounting. The equity in the net income of such subsidiaries is not material to the results of operations or financial position of individual segments or the Company taken as a whole. Capital expenditures of each reporting segment were immaterial in the periods noted. No individual client generated 10% or more of the Company’s total gross premiums on a consolidated basis in 2013, 2012 and 2011. For the purpose of this disclosure, companies that are within the same insurance holding company structure are combined.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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