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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has geographic-based and business-based operational segments. Geographic-based operations are further segmented into traditional and financial solutions businesses. In the fourth quarter of 2016, the Company changed the name of its Non-Traditional segments to Financial Solutions. The name change better aligns external reports to internally used terminology. This name change does not affect any previously reported results for the Financial Solutions segments. The Company’s reporting segments are as follows: The U.S. and Latin America Traditional segment provides individual and group life and health reinsurance to domestic clients for a variety of products through yearly renewable term agreements, coinsurance, and modified coinsurance. The U.S. and Latin America Financial Solutions segment includes asset-intensive products that concentrate on the investment risk within underlying annuities and corporate-owned life insurance policies, and financial reinsurance that assists ceding companies in meeting applicable regulatory requirements while enhancing their financial strength and regulatory surplus position. The Canada Traditional segment is primarily engaged in individual life reinsurance, as well as creditor, group life and health, critical illness and disability reinsurance, through yearly renewable term and coinsurance agreements. The Canada Financial Solutions segment concentrates on assisting clients with longevity risk transfer structures within underlying annuities and pension benefit obligations, and on assisting clients in meeting applicable regulatory requirements while enhancing their financial strength and regulatory surplus position through financial reinsurance structures. The Europe, Middle East and Africa Traditional segment provides individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage that provides a benefit in the event of the diagnosis of a pre-defined critical illness and underwritten annuities. The Europe, Middle East and Africa Financial Solutions segment provides longevity, asset-intensive and financial reinsurance. Longevity reinsurance takes the form of closed block annuity reinsurance and longevity swap structures. The Asia Pacific Traditional segment provides individual and group life and health reinsurance, critical illness coverage, disability and superannuation through yearly renewable term and coinsurance agreements. The Asia Pacific Financial Solutions segment provides financial reinsurance, asset-intensive and certain disability and life blocks. Corporate and Other operations include investment income from invested assets not allocated to support segment operations and proceeds from the Company’s capital-raising efforts that have not been deployed yet, in addition to investment related gains or losses. Additionally, Corporate and Other includes results associated with the Company’s collateral finance and securitization notes and results from certain wholly-owned subsidiaries and joint ventures that, among other activities, develop and market technology solutions for the insurance industry. 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. 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. 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, |  | 2016 |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 5,964,968 |  |  | $ | 5,465,026 |  |  | $ | 5,283,268 |
Financial Solutions |  | 840,446 |  |  | 643,865 |  |  | 1,014,143 |
Total |  | 6,805,414 |  |  | 6,108,891 |  |  | 6,297,411 |
Canada: |  |  |  |  |  |  |  |
Traditional |  | 1,118,004 |  |  | 1,023,012 |  |  | 1,153,515 |
Financial Solutions |  | 46,938 |  |  | 45,034 |  |  | 28,350 |
Total |  | 1,164,942 |  |  | 1,068,046 |  |  | 1,181,865 |
Europe, Middle East and Africa: |  |  |  |  |  |  |  |
Traditional |  | 1,195,149 |  |  | 1,190,742 |  |  | 1,235,049 |
Financial Solutions |  | 340,518 |  |  | 286,666 |  |  | 322,798 |
Total |  | 1,535,667 |  |  | 1,477,408 |  |  | 1,557,847 |
Asia Pacific: |  |  |  |  |  |  |  |
Traditional |  | 1,771,150 |  |  | 1,638,357 |  |  | 1,686,436 |
Financial Solutions |  | 63,382 |  |  | 56,581 |  |  | 70,282 |
Total |  | 1,834,532 |  |  | 1,694,938 |  |  | 1,756,718 |
Corporate and Other |  | 180,956 |  |  | 68,895 |  |  | 110,353 |
Total |  | $ | 11,521,511 |  |  | $ | 10,418,178 |  |  | $ | 10,904,194 |
For the years ended December 31, |  | 2016 |  | 2015 |  | 2014
Income (loss) before income taxes: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 371,101 |  |  | $ | 235,771 |  |  | $ | 351,645 |
Financial Solutions |  | 283,380 |  |  | 207,963 |  |  | 302,944 |
Total |  | 654,481 |  |  | 443,734 |  |  | 654,589 |
Canada: |  |  |  |  |  |
Traditional |  | 134,705 |  |  | 124,175 |  |  | 95,435 |
Financial Solutions |  | 7,945 |  |  | 13,902 |  |  | 6,265 |
Total |  | 142,650 |  |  | 138,077 |  |  | 101,700 |
Europe, Middle East and Africa: |  |  |  |  |  |
Traditional |  | 30,059 |  |  | 48,410 |  |  | 60,305 |
Financial Solutions |  | 138,007 |  |  | 108,445 |  |  | 101,337 |
Total |  | 168,066 |  |  | 156,855 |  |  | 161,642 |
Asia Pacific: |  |  |  |  |  |
Traditional |  | 113,928 |  |  | 105,654 |  |  | 90,602 |
Financial Solutions |  | 4,063 |  |  | 19,619 |  |  | 11,693 |
Total |  | 117,991 |  |  | 125,273 |  |  | 102,295 |
Corporate and Other |  | (39,242 | ) |  | (119,144 | ) |  | (11,693 | )
Total |  | $ | 1,043,946 |  |  | $ | 744,795 |  |  | $ | 1,008,533 |
For the years ended December 31, |  | 2016 |  | 2015 |  | 2014
Interest expense: |  |  |  |  |  |
Corporate and Other |  | $ | 137,623 |  |  | $ | 142,863 |  |  | $ | 96,700 |
Total |  | $ | 137,623 |  |  | $ | 142,863 |  |  | $ | 96,700 |
For the years ended December 31, |  | 2016 |  | 2015 |  | 2014
Depreciation and amortization: |  |  |  |  |  |
U.S. and Latin America: |  |  |  |  |  |
Traditional |  | $ | 271,732 |  |  | $ | 218,974 |  |  | $ | 558,404 |
Financial Solutions |  | 155,560 |  |  | 44,275 |  |  | 232,348 |
Total |  | 427,292 |  |  | 263,249 |  |  | 790,752 |
Canada: |  |  |  |  |  |
Traditional |  | 22,170 |  |  | 23,887 |  |  | 204,229 |
Financial Solutions |  | 11 |  |  | — |  |  | — |
Total |  | 22,181 |  |  | 23,887 |  |  | 204,229 |
Europe, Middle East and Africa: |  |  |  |  |  |
Traditional |  | 46,562 |  |  | 60,193 |  |  | 57,291 |
Financial Solutions |  | 72 |  |  | — |  |  | — |
Total |  | 46,634 |  |  | 60,193 |  |  | 57,291 |
Asia Pacific: |  |  |  |  |  |
Traditional |  | 45,562 |  |  | 31,955 |  |  | 94,763 |
Financial Solutions |  | 1,492 |  |  | 217 |  |  | 409 |
Total |  | 47,054 |  |  | 32,172 |  |  | 95,172 |
Corporate and Other |  | 13,894 |  |  | 16,495 |  |  | 3,644 |
Total |  | $ | 557,055 |  |  | $ | 395,996 |  |  | $ | 1,151,088 |
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. See Note 8 - “Deferred Policy Acquisition Costs” for additional information.
For the years ended December 31, |  | 2016 |  | 2015
Assets: |  |  |  |
U.S. and Latin America: |  |  |  |
Traditional |  | $ | 18,140,825 |  |  | $ | 16,554,509 |
Financial Solutions |  | 13,712,106 |  |  | 13,405,878 |
Total |  | 31,852,931 |  |  | 29,960,387 |
Canada: |  |  |  |
Traditional |  | 3,846,682 |  |  | 3,604,344 |
Financial Solutions |  | 85,405 |  |  | 27,543 |
Total |  | 3,932,087 |  |  | 3,631,887 |
Europe, Middle East and Africa: |  |  |  |
Traditional |  | 2,559,124 |  |  | 2,757,593 |
Financial Solutions |  | 3,876,131 |  |  | 4,162,703 |
Total |  | 6,435,255 |  |  | 6,920,296 |
Asia Pacific: |  |  |  |
Traditional |  | 3,968,081 |  |  | 3,227,530 |
Financial Solutions |  | 676,281 |  |  | 742,528 |
Total |  | 4,644,362 |  |  | 3,970,058 |
Corporate and Other |  | 6,233,244 |  |  | 5,900,524 |
Total |  | $ | 53,097,879 |  |  | $ | 50,383,152 |
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 investments 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 2016, 2015 and 2014. 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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8906-108599 + Details
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