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Stock Transactions
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Stock Transactions
Stock Transactions
On January 22, 2015, RGA’s board of directors authorized a share repurchase program for up to $300.0 million of the RGA’s outstanding common stock. The authorization was effective immediately and does not have an expiration date. Repurchases are to be made in accordance with applicable securities laws and are to be made through market transactions, block trades, privately negotiated transactions or other means or a combination of these methods, with the timing and number of shares repurchased dependent on a variety of factors, including share price, corporate and regulatory requirements and market and business conditions. Repurchases may be commenced or suspended from time to time without prior notice. In connection with this new authorization, the board of directors terminated the stock repurchase authority granted in 2014.
During the first quarter of 2015, RGA repurchased 2,538,718 shares of common stock under this program for $230.1 million. The common shares repurchased have been placed into treasury to be used for general corporate purposes. As of March 31, 2015 there was $69.9 million remaining under the share repurchase authorization.