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Segment Information | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Effective January 1, 2015, the Company further refined its reporting of the Canada; Europe, Middle East and Africa; and Asia Pacific segments into traditional and non-traditional businesses to reflect the expanded product offerings within its geographic-based segments. The Company’s traditional and non-traditional segments are now managed separately and have discrete financial information available that is reviewed regularly by the Company’s chief operating decision maker. The Company has recently experienced growth and opportunity in its non-traditional businesses resulting from its efforts to meet the needs of its clients and adapt to the changing regulatory environment within the insurance industry. The non-traditional business primarily consists of asset-intensive, longevity, financial reinsurance and capital-motivated transactions that are sourced and managed by the Company’s Global Financial Solutions unit. Prior periods have been adjusted to conform to the new segment reporting structure. 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 is 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, |  | 2015 |  | 2014 |  | 2013
Revenues: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 5,465,026 |  |  | $ | 5,283,268 |  |  | $ | 5,115,941 |
Non-Traditional |  | 643,865 |  |  | 1,014,143 |  |  | 962,818 |
Total |  | 6,108,891 |  |  | 6,297,411 |  |  | 6,078,759 |
Canada: |  |  |  |  |  |  |  |
Traditional |  | 1,023,012 |  |  | 1,153,515 |  |  | 1,158,846 |
Non-Traditional |  | 45,034 |  |  | 28,350 |  |  | 26,171 |
Total |  | 1,068,046 |  |  | 1,181,865 |  |  | 1,185,017 |
Europe, Middle East and Africa: |  |  |  |  |  |  |  |
Traditional |  | 1,190,742 |  |  | 1,235,049 |  |  | 1,129,657 |
Non-Traditional |  | 286,666 |  |  | 322,798 |  |  | 175,355 |
Total |  | 1,477,408 |  |  | 1,557,847 |  |  | 1,305,012 |
Asia Pacific: |  |  |  |  |  |  |  |
Traditional |  | 1,638,357 |  |  | 1,686,436 |  |  | 1,524,543 |
Non-Traditional |  | 56,581 |  |  | 70,282 |  |  | 86,083 |
Total |  | 1,694,938 |  |  | 1,756,718 |  |  | 1,610,626 |
Corporate and Other |  | 68,895 |  |  | 110,353 |  |  | 138,939 |
Total |  | $ | 10,418,178 |  |  | $ | 10,904,194 |  |  | $ | 10,318,353 |
For the years ended December 31, |  | 2015 |  | 2014 |  | 2013
Income (loss) before income taxes: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 235,771 |  |  | $ | 351,645 |  |  | $ | 377,586 |
Non-Traditional |  | 207,963 |  |  | 302,944 |  |  | 245,649 |
Total |  | 443,734 |  |  | 654,589 |  |  | 623,235 |
Canada: |  |  |  |  |  |
Traditional |  | 124,175 |  |  | 95,435 |  |  | 161,671 |
Non-Traditional |  | 13,902 |  |  | 6,265 |  |  | 2,647 |
Total |  | 138,077 |  |  | 101,700 |  |  | 164,318 |
Europe, Middle East and Africa: |  |  |  |  |  |
Traditional |  | 48,410 |  |  | 60,305 |  |  | 31,409 |
Non-Traditional |  | 108,445 |  |  | 101,337 |  |  | 43,144 |
Total |  | 156,855 |  |  | 161,642 |  |  | 74,553 |
Asia Pacific: |  |  |  |  |  |
Traditional |  | 105,654 |  |  | 90,602 |  |  | (239,016 | )
Non-Traditional |  | 19,619 |  |  | 11,693 |  |  | 12,351 |
Total |  | 125,273 |  |  | 102,295 |  |  | (226,665 | )
Corporate and Other |  | (119,144 | ) |  | (11,693 | ) |  | (187 | )
Total |  | $ | 744,795 |  |  | $ | 1,008,533 |  |  | $ | 635,254 |
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, |  | 2015 |  | 2014 |  | 2013
Interest expense: |  |  |  |  |  |
Corporate and Other |  | $ | 142,863 |  |  | $ | 96,700 |  |  | $ | 124,307 |
Total |  | $ | 142,863 |  |  | $ | 96,700 |  |  | $ | 124,307 |
For the years ended December 31, |  | 2015 |  | 2014 |  | 2013
Depreciation and amortization: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 218,974 |  |  | $ | 558,404 |  |  | $ | 564,359 |
Non-Traditional |  | 44,275 |  |  | 232,348 |  |  | 213,745 |
Total |  | 263,249 |  |  | 790,752 |  |  | 778,104 |
Canada: |  |  |  |  |  |
Traditional |  | 23,887 |  |  | 204,229 |  |  | 193,878 |
Non-Traditional |  | — |  |  | — |  |  | — |
Total |  | 23,887 |  |  | 204,229 |  |  | 193,878 |
Europe, Middle East and Africa: |  |  |  |  |  |
Traditional |  | 60,193 |  |  | 57,291 |  |  | 55,003 |
Non-Traditional |  | — |  |  | — |  |  | — |
Total |  | 60,193 |  |  | 57,291 |  |  | 55,003 |
Asia Pacific: |  |  |  |  |  |
Traditional |  | 31,955 |  |  | 94,763 |  |  | 56,885 |
Non-Traditional |  | 217 |  |  | 409 |  |  | 219 |
Total |  | 32,172 |  |  | 95,172 |  |  | 57,104 |
Corporate and Other |  | 16,495 |  |  | 3,644 |  |  | 3,490 |
Total |  | $ | 395,996 |  |  | $ | 1,151,088 |  |  | $ | 1,087,579 |
The table above includes amortization of DAC, including the effect from investment related gains and losses. During 2015, the Company enhanced its process to track certain DAC components in a more refined manner. See Note 8 - “Deferred Policy Acquisition Costs” for additional information.
For the years ended December 31, |  | 2015 |  | 2014(1)
Assets: |  |  |  |
U.S. and Latin America: |  |  |  |
Traditional |  | $ | 16,554,509 |  |  | $ | 14,159,824 |
Non-Traditional |  | 13,405,878 |  |  | 11,572,251 |
Total |  | 29,960,387 |  |  | 25,732,075 |
Canada: |  |  |  |
Traditional |  | 3,604,344 |  |  | 3,946,942 |
Non-Traditional |  | 27,543 |  |  | 49,186 |
Total |  | 3,631,887 |  |  | 3,996,128 |
Europe, Middle East and Africa: |  |  |  |
Traditional |  | 2,757,593 |  |  | 2,514,868 |
Non-Traditional |  | 4,162,703 |  |  | 2,178,454 |
Total |  | 6,920,296 |  |  | 4,693,322 |
Asia Pacific: |  |  |  |
Traditional |  | 3,227,530 |  |  | 2,951,723 |
Non-Traditional |  | 742,528 |  |  | 667,645 |
Total |  | 3,970,058 |  |  | 3,619,368 |
Corporate and Other |  | 5,900,524 |  |  | 6,613,407 |
Total |  | $ | 50,383,152 |  |  | $ | 44,654,300 |
(1) | Total assets for the Corporate and Other segment have been updated to conform with current period presentation for the adoption of the accounting standard update "Simplifying the Presentation of Debt Issuance Costs."
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 2015, 2014 and 2013. 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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 Reference 5: 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=51669610&loc=d3e8380-108599 Reference 6: 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=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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