XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.23.3

Market Risk Benefits | 9 Months Ended
--- | ---
Sep. 30, 2023
Insurance [Abstract] |
Market Risk Benefits | MARKET RISK BENEFITS The following table provides the balances of and changes in the Company’s market risk benefits for the nine months ended September 30, 2023 and 2022 (dollars in millions):
|  | U.S. and Latin America – Financial Solutions
|  | Nine months ended September 30,
|  | 2023 |  | 2022
Balance, beginning of year |  | $ | 247 |  |  | $ | 262 |
Balance, beginning of year, before effect of changes in the instrument-specific credit risk |  | 263 |  |  | 254 |
Interest accrual |  | 9 |  |  | 21 |
Attributed fees collected |  | 19 |  |  | 7 |
Benefit payments |  | 1 |  |  | 1 |
Effect of changes in future assumptions |  | 16 |  |  | 19 |
Effect of changes in interest rates |  | (54) |  |  | (40) |
Effect of changes in equity markets |  | (25) |  |  | 17 |
Effect of changes in volatility |  | (5) |  |  | 4 |
Other market impacts |  | (11) |  |  | 1 |
Actual policyholder behavior different from expected behavior |  | 12 |  |  | (1) |
Balance, end of period, before effect of changes in the instrument-specific credit risk |  | 225 |  |  | 283 |
Effect of changes in the instrument-specific credit risk |  | (9) |  |  | (24) |
Balance, end of period |  | 216 |  |  | 259 |
Less: reinsurance recoverable |  | — |  |  | — |
Balance, end of period, after reinsurance |  | $ | 216 |  |  | $ | 259 |
Net amount at risk |  | $ | 1,375 |  |  | $ | 1,540 |
Weighted-average attained age of contract holders (in years) |  | 71 |  | 66
The reconciliation of the rollforward for market risk benefits to the condensed consolidated balance sheets as of September 30, 2023 and 2022 is as follows (dollars in millions):
|  | September 30, |  | September 30,
|  | 2023 |  | 2022
|  | Asset (1) |  | Liability |  | Net |  | Asset (1) |  | Liability |  | Net
U.S. and Latin America – Financial Solutions |  | $ | 8 |  |  | $ | 224 |  |  | $ | (216) |  |  | $ | — |  |  | $ | 259 |  |  | $ | (259) |
Total market risk benefits |  | $ | 8 |  |  | $ | 224 |  |  | $ | (216) |  |  | $ | — |  |  | $ | 259 |  |  | $ | (259) |
(1)Included in Other assets Fair Value Measurement See Note 13 – “Fair Value of Assets and Liabilities” for information about fair value measurement of assets and liabilities, except for market risk benefits. Market risk benefits are classified within Level 3 on the fair value hierarchy. The fair value of market risk benefits is monitored through the use of attribution reports to quantify the effect of underlying sources of fair value change, including capital market inputs based on policyholder account values, interest rates and short-term and long-term implied volatility from period to period. D uring the nine months ended September 30, 2023 and 2022, there were no material changes made to the inputs in the market risk benefit calculations, and nonfinancial assumptions were unchanged.

X
- Definition Market Risk Benefits entire disclosure + References No definition available. + Details
Name: | rga_MarketRiskBenefitsTextBlock
Namespace Prefix: | rga_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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