XML 59 R42.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Tax (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Pre-tax income for the years ended December 31, 2022, 2021 and 2020 consists of the following (dollars in millions):
|  | 2022 |  | 2021 |  | 2020
Pre-tax income – U.S. |  | $ | 399 |  |  | $ | 327 |  |  | $ | 79 |
Pre-tax income – foreign |  | 432 |  |  | 364 |  |  | 474 |
Total pre-tax income |  | $ | 831 |  |  | $ | 691 |  |  | $ | 553 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income tax expense for the years ended December 31, 2022, 2021 and 2020 consists of the following (dollars in millions):
|  | 2022 |  | 2021 |  | 2020
Current income tax expense (benefit): |  |  |  |  |  |
U.S. |  | $ | 9 |  |  | $ | 91 |  |  | $ | 75 |
Foreign |  | 120 |  |  | 72 |  |  | 79 |
Total current |  | 129 |  |  | 163 |  |  | 154 |
Deferred income tax expense (benefit): |  |  |  |  |  |
U.S. |  | 68 |  |  | (127) |  |  | (60) |
Foreign |  | 7 |  |  | 38 |  |  | 44 |
Total deferred |  | 75 |  |  | (89) |  |  | (16) |
Total provision for income taxes |  | $ | 204 |  |  | $ | 74 |  |  | $ | 138 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The Company’s effective tax rate differed from the U.S. federal income tax statutory rate of 21% as a result of the following for the years ended December 31, 2022, 2021 and 2020 (dollars in millions):
|  | 2022 |  | 2021 |  | 2020
Tax provision at U.S. statutory rate |  | $ | 175 |  |  | $ | 145 |  |  | $ | 116 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |  |
Tax rate differences on income in other jurisdictions |  | 21 |  |  | 51 |  |  | 21 |
Differences in tax basis in foreign jurisdictions |  | 10 |  |  | (4) |  |  | (32) |
Deferred tax valuation allowance |  | (6) |  |  | (18) |  |  | 10 |
Amounts related to uncertain tax positions |  | 3 |  |  | (119) |  |  | 10 |
Equity based compensation |  | (2) |  |  | (1) |  |  | (1) |
Corporate rate changes |  | 2 |  |  | 29 |  |  | 13 |
GILTI, net of credits |  | 21 |  |  | 11 |  |  | 13 |
Subpart F for non-full inclusion companies |  | 60 |  |  | 2 |  |  | — |
Foreign tax credits |  | (67) |  |  | (10) |  |  | (7) |
Return to provision adjustments |  | (13) |  |  | (17) |  |  | (4) |
Other, net |  | — |  |  | 5 |  |  | (1) |
Total provision for income taxes |  | $ | 204 |  |  | $ | 74 |  |  | $ | 138 |
Effective tax rate (1) |  | 24.6 | % |  | 10.6 | % |  | 24.9 | %
(1) The Company rounds amounts in the financial statements to millions and calculates the effective tax rate from the underlying whole-dollar amounts. Thus certain amounts may not recalculate based on the numbers due to rounding.
Schedule Of Income Tax Expense Benefit Intraperiod Tax Allocation [Table Text Block] | Total income taxes for the years ended December 31, 2022, 2021 and 2020 were as follows (dollars in millions):
|  | 2022 |  | 2021 |  | 2020
Provision for income taxes |  | $ | 204 |  |  | $ | 74 |  |  | $ | 138 |
Income tax from OCI and additional paid-in-capital: |  |  |  |  |  |
Net unrealized holding gain (loss) on debt and equity securities recognized for financial reporting purposes |  | (2,495) |  |  | (520) |  |  | 611 |
Foreign currency translation |  | 21 |  |  | 23 |  |  | (9) |
Unrealized pension and post retirement |  | 7 |  |  | 7 |  |  | (1) |
Total income taxes provided |  | $ | (2,263) |  |  | $ | (416) |  |  | $ | 739 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and liabilities at December 31, 2022 and 2021, are presented in the following tables (dollars in millions):
|  | 2022 |  | 2021
Deferred income tax assets: |  |  |  |
Nondeductible accruals |  | $ | 90 |  |  | $ | 85 |
Net operating loss carryforward |  | 295 |  |  | 251 |
Tax Credit Carryforward |  | 80 |  |  | 50 |
Invested assets |  | 1,309 |  |  | — |
Other |  | 11 |  |  | 3 |
Subtotal |  | 1,785 |  |  | 389 |
Valuation allowance |  | (221) |  |  | (218) |
Total deferred income tax assets |  | 1,564 |  |  | 171 |
Deferred income tax liabilities: |  |  |  |
Deferred acquisition costs |  | 756 |  |  | 754 |
Policy reserves and other reinsurance liabilities |  | 820 |  |  | 1,085 |
Invested assets |  | — |  |  | 793 |
Outside basis difference foreign subsidiaries |  | 268 |  |  | 260 |
Foreign currency translation |  | 90 |  |  | 66 |
Anticipated future tax credit reduction |  | 85 |  |  | 58 |
Total deferred income tax liabilities |  | 2,019 |  |  | 3,016 |
Net deferred income tax liabilities |  | $ | 455 |  |  | $ | 2,845 |
Balance sheet presentation of net deferred income tax liabilities: |  |  |  |
Included in other assets |  | $ | 281 |  |  | $ | 41 |
Included in deferred income taxes |  | 736 |  |  | 2,886 |
Net deferred income tax liabilities |  | $ | 455 |  |  | $ | 2,845 |
Summary of Operating Loss Carryforwards [Table Text Block] | The following table presents consolidated net operating losses (“NOL”) as of December 31, 2022 (dollars in millions):
| 2022
NOL with no expiration and with no valuation allowance | $ | 472 |
NOL with a full valuation allowance | 161 |
NOL with no expiration and a partial valuation allowance | 527 |
Total net operating loss carryforwards | $ | 1,160 |
Summary of Income Tax Contingencies [Table Text Block] | A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020, is as follows (dollars in millions):
|  | Total Unrecognized Tax Benefits
|  | 2022 |  | 2021 |  | 2020
Beginning balance, January 1 |  | $ | 34 |  |  | $ | 342 |  |  | $ | 333 |
Additions for tax positions of prior years |  | 2 |  |  | 2 |  |  | 281 |
Reductions for tax positions of prior years |  | (4) |  |  | (312) |  |  | (278) |
Additions for tax positions of current year |  | 3 |  |  | 2 |  |  | 6 |
Ending balance, December 31 |  | $ | 35 |  |  | $ | 34 |  |  | $ | 342 |

X
- Definition Schedule of income tax expense benefit intraperiod tax allocation. + References No definition available. + Details
Name: | rga_ScheduleOfIncomeTaxExpenseBenefitIntraperiodTaxAllocationTableTextBlock
Namespace Prefix: | rga_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration