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Earnings Per Share | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share on net income (in millions, except per share information):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Earnings: |  |  |  |  |  |  |  |
Net income |  | $ | 199 |  |  | $ | 344 |  |  | $ | 136 |  |  | $ | 483 |
Less: Net income attributable to noncontrolling interest |  | 1 |  |  | — |  |  | 1 |  |  | — |
Net income available to RGA, Inc. shareholders |  | $ | 198 |  |  | $ | 344 |  |  | $ | 135 |  |  | $ | 483 |
Shares: |  |  |  |  |  |  |  |
Weighted average outstanding shares |  | 67 |  |  | 68 |  |  | 67 |  |  | 68 |
Equivalent shares from outstanding stock awards |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Denominator for diluted calculation |  | 68 |  |  | 69 |  |  | 68 |  |  | 69 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 2.95 |  |  | $ | 5.06 |  |  | $ | 2.01 |  |  | $ | 7.11 |
Diluted |  | $ | 2.92 |  |  | $ | 5.02 |  |  | $ | 2.00 |  |  | $ | 7.06 |
The calculation of common equivalent shares does not include the impact of stock awards with a conversion price that exceeds the average stock price for the earnings period, as the result would be antidilutive. The calculation of common equivalent shares also excludes the impact of outstanding performance contingent shares, as the conditions necessary for their issuance have not been satisfied as of the end of the reporting period. Approximately 1.4 million and 1.6 million stock awards and approximately 0.2 million performance contingent shares were excluded from the calculation of common equivalent shares during the three and six month periods ended June 30, 2022, respectively.

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